Finance

With changes in the general economy have come changes in the self-storage finance world. Self-storage lenders, like those for all commercial real estate, apply more stringent underwriting standards when evaluating the potential of a construction, permanent or other self-storage loans. Even the refinancing process has become more challenging for self-storage owners, who must weigh their options and exit strategies. Some negotiate with lenders in an attempt to salvage underperforming self-storage properties. Tax issues are also a significant concern for self-storage owners. Cost segregation and 1031 exchange are possibilities to be explored. Financial and operating performance is reported quarterly by the self-storage real estate investment trusts (REITs): Public Storage Inc., U-Store-It Trust, Sovran Self Storage and Extra Space Storage.


  • Storage Speak
    Did you know you can sign up for a free weekly e-mail newsletter from Inside Self-Storage? It’s available in HTML or plain-text formats. Every week your e-newsletter will include an operational tip from an experienced self-storage professional; a feature article on business ...More
    June 1, 2006 Teri L. Lanza Posted in Articles, Finance
  • Real Estate
    If you have a sale, grand opening, groundbreaking or other real estate transaction you would like listed here, e-mail storagenews@vpico.com. Larry Goldman, a broker affiliate with Argus Self Storage Sales Network, represented the seller of Liberty Storage in Grove, Okla., ...More
    June 1, 2006 Posted in Articles, Finance
  • You’re Being Robbed!
    Every moment a U.S. merchant is robbed via electronic payment systems—totaling $3 billion per week. What’s a merchant to do? First, we must define and understand the problem. Three types of fraud afflict merchants using electronic payment systems: 1. Internal fraud, or ...More
    June 1, 2006 Ross Federgreen Posted in Articles, Finance
  • Guard Against Employee Theft
    Most business owners are vulnerable to ongoing employee theft. One of the most widely used methods is through a credit card system. As your employees get rich, you become subject to fines, penalties, and the loss of revenue and credit card-acceptance privileges. Over the ...More
    May 1, 2006 Ross Federgreen Posted in Articles, Finance
  • Do You Process Credit Cards the Old-Fashioned Way?
    Processing credit card transactions through a conventional retail merchant account could be costing your storage business in unnecessary fees and putting your business and customers’ security at risk. Many credit card transactions in the storage industry are not ...More
    May 1, 2006 Claudia Miller Posted in Articles, Finance, Technology
  • Records Management: 12 Steps to a Business Model
    The first step in starting a business is developing the plan, the cornerstone of which is the business model. Just as self-storage ranges from mom-and-pop operations to multimillion-dollar chains, records storage centers vary in type and style. Your business model needs to ...More
    May 1, 2006 Cary McGovern Posted in Articles, Finance
  • To the Rescue
    Accepting timely payments is a must for your business to survive; however, in this ever-changing world where everyone is on the move, conventional methods limit a business' ability to collect on a timely basis. Businesses are forced to create solutions to meet customer ...More
    May 1, 2006 David Batterman and Brent Hoffmann Posted in Articles, Finance, Technology
  • ISS Launches Self-Storage Training Institute
    Inside Self-Storage, which has served the industry for more than 15 years via its monthly magazine and bi-annual expos, officially launched its new Self-Storage Training Institute (SSTI). ...More
    April 20, 2006 Posted in News, Finance
  • Buchanan Storage Capital Opens D.C. Office
    Buchanan Storage Capital (BSC) expanded its national platform with the opening of its new Washington, D.C., office. ...More
    April 10, 2006 Posted in News, Finance
  • European Education
    Building a self-storage company in Europe isn’t the easiest way to make a living, though a well-executed and professional project can certainly be rewarding. Like any other emerging and still immature market, self-storage faces a variety of problems in most European ...More
    April 1, 2006 Paul Logchies Posted in Articles, Finance