Cutting-Edge Finance Trends
No matter your vantage point, it’s easy to see that self-storage has become a respected real estate product. According to the Self Storage Association, the industry is a $15 billion business, with more than 38,000 facilities nationwide; and these numbers are likely to ...More
November 1, 2005 Jim Davies and Eric Snyder
Posted in Articles,
Finance
Startup Essentials: Financing
Do you really need a bank to start a business? What role does a bank or other financial institution play in your ongoing success? How do you build a solid business and be in position to expand or exit at will—profitably?In this column, I’ll explore these questions and ...More
November 1, 2005 Fred Grauer
Posted in Articles,
Finance
You Down With OPM?
Other peoples’ money (OPM) is the key to making commercial real estate yield the greatest return on investment. More important than capitalization rates, revenue management and expense control, cash is king. And never in the modern history of finance has there been a better ...More
November 1, 2005 RK Kliebenstein
Posted in Articles,
Development,
Finance
As Good as Gold
Most of you are familiar with Aesop’s fable about “The Goose With the Golden Eggs.” Those of you who are not, consider this your lucky day. You’re about to be transported back in time to when moral values were taught using delightful little tales of human foolishness and ...More
November 1, 2005 Teri L. Lanza
Posted in Articles,
Finance
Wells Fargo Financial Leasing Inc.
With interest rates still low and property values climbing toward the sky, industry experts agree self-storage is an excellent investment. When people want to enter the business or existing owners wish to expand, one of their first concerns is where to find the money. ...More
November 1, 2005 Elaine Foxwell
Posted in Articles,
Finance
Refinancing Opportunities
It’s nearly the end of 2005, and who would have thought we would continue to see such a low interest-rate environment? The opportunity to refinance and get out of a rising adjustable rate, pull out cash or lower your monthly payment is still available. In this article, I’ll ...More
November 1, 2005 David Smyle
Posted in Articles,
Finance
While the Window Is Open
From a self-storage owner’s perspective, the legacy of Federal Reserve Chairman Allen Greenspan may well be the window of opportunity he has created for those who can put fixed-rate, permanent financing in place during this period of historically low interest rates. This ...More
November 1, 2005 Bill Walton
Posted in Articles,
Finance
The Finance of Storage Marketing
Let’s talk about financeas it relates to the marketing of your self-storage business. First, you need to understand the concept of “return on marketing dollars” (ROMD). You want to spend the least amount possible on marketing while maximizing your return. Most owners go for ...More
November 1, 2005 Fred Gleeck
Posted in Articles,
Finance
Loan Types and Lending Options
Making the choice of which type of financing to secure for your self-storage property is sometimes straightforward. Other times, it’s complicated and confusing. In either case, it’s an important decision, one that can have a significant impact on your business, ...More
November 1, 2005 Tom Walsh
Posted in Articles,
Finance
