Inside Self-Storage

Rental Rates

Rental-Rate Strategies for Self-Storage: Improving the Health of Your Store

Too many self-storage operators are hesitant to raise their rental rates, but doing so can lead to a healthier store. Learn the difference between physical and economic occupancy and simple steps to increase your facility’s overall revenue. ...More
5 weeks ago
Posted in Articles, Management
What Would You Do? Tips for Managing Your Self-Storage Mulah

How a self-storage operator manages his money has a huge impact on the success of his business. Rental rates, discounts and collections are key components of the equation, but they're not always simple to control. Inside Self-Storage asked industry professionals to share ...More
March 5, 2013
Posted in Articles, Finance, Management
Self-Storage Real Estate and Performance Trends 2012-2013: Occupancy, Rates and Sales

Both good news and bad bolstered the self-storage industry in 2012, and positive trends are in the works for real estate and investing in 2013. This article provides a summary of last year's performance and predictions for the year ahead. ...More
January 30, 2013
Posted in Articles, Real Estate
Self-Storage Tax Woes: How Are 2013 Changes Affecting Your Paycheck, Your Investment and Your Customers?

Recent changes tax laws are affecting self-storage professionals of all levels, from the facility manager whose paycheck is diminished by the increase in Social Security tax to the owner/investor whose investment profitability is affected by a higher capital gains tax rate. ...More
January 14, 2013 By Teri Lanza
Posted in Blog, Finance, Management
Setting Your Self-Storage Street Rates: Discounting Without Risk

To attract new tenants, many self-storage operators have relied heavily on discounting. But before slashing a facility’s street rates, they should consider current occupancy, expected occupancy, the competition, and how potential customers find their rental rates. ...More
December 23, 2012
Posted in Articles, Management
The Self-Storage Discount: Friend or Foe?

While discounting has been the go-to sales strategy in the self-storage industry for the past couple of years, times are changing. Operators are beginning to realize rental specials are great to bring people in the door, but may be detrimental to a self-storage business in ...More
November 21, 2012
Posted in Blog, Management
3 Ways for Small Self-Storage Operators to Compete With REITs and Other Large Players in Their Market

With the self-storage real estate investment trusts (REITs) in acquisition mode, many smaller operators are wondering how they’ll possibly compete with these industry giants. Fortunately, single operators have an arsenal of tools at their disposal. Here are three ways ...More
November 7, 2012 By Matthew Van Horn
Posted in Articles, Management, Marketing
Self-Storage Real Estate in the South-Central States: Rental Rates and Economy Show Improvements

Over the past year, the self-storage investment market has continued to stabilize as financing has become more available in some markets. The industry is also experiencing a greater volume of sales transactions as buyers take advantage of low interest rates. Real estate ...More
September 18, 2012 By Ben Vestal
Posted in Articles, Real Estate
Today's Self-Storage Software Technology: New Features Streamline Operation, Increase Revenue and Improve the User Experience

Manufacturers of self-storage management software are in tune with today’s technology trends and are incorporating them into their products. This year's highlights include mobile tools, online payments and reservations, revenue management, marketing tracking, and ...More
June 8, 2012
Posted in Articles, Management, Marketing, Technology
5 Technology Initiatives Self-Storage Operators Should Implement Today

Now that the self-storage industry’s day-to-day operations have begun to stabilize, it’s time to take a look at the processes used to run the business. Here are five technology initiatives self-storage owners and managers can implement at a reasonable cost to improve their ...More
March 12, 2012
Posted in Articles, Marketing, Technology

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