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.


  • Mapping Out a Loan Request
    Finding your way around is easy these days. Forget unfolding a printed map and searching for the most convenient route (and later trying to refold it to original form). That’s old school. Today, you simply go online to a mapping website, type in your starting location and ...More
    November 1, 2005 Neal Gussis Posted in Articles, Finance
  • Interest Rates
    What do we know about interest rates today? We know they’re very hard to predict in the short run. We know they’re currently at 42-year lows and have remained there longer than at any other time in the last century. We know low interest rates have a very positive (if not ...More
    October 1, 2005 Michael L. McCune Posted in Articles, Finance
  • The Payment Advisor
    “The Payment Advisor” is a monthly Q&A column to which readers can submit questions about card transaction systems, electronic funds transfer, check acceptance and processing, wireless transactions, international funds transfer, and other payment issues. To participate, ...More
    October 1, 2005 Ross Federgreen Posted in Articles, Finance
  • The Payment Advisor
    "The Payment Advisor" is a monthly Q&A column to which readers can submit questions about card transaction systems, electronic funds transfer, check acceptance and processing, wireless transactions, international funds transfer, and other payment issues. To participate, ...More
    September 1, 2005 Ross Federgreen Posted in Articles, Finance
  • Zen and the Art of Self-Storage
    After a tongue-in-cheek title like that, how about a mammoth understatement? Construction is not an exact science. Neither is the semi-controlled chaos it creates. While some elements of building are neither controllable nor predictable, others are, and their outcome is ...More
    September 1, 2005 L. Bruce McCardle Posted in Articles, Finance
  • Your Merchant Credit-Card Statement
    How many times have you said, “I give up. I don’t understand these charges on my credit-card service statement.” If you’re like the typical business owner, more times than you care to remember. In fact, many merchants have stopped trying to understand what they’re really ...More
    July 1, 2005 Ross Federgreen Posted in Articles, Finance
  • Mutual Funds and Your Retirement
    Jack’s store always did well. There were down times, like during the dot-com bust; but four years out of five, for the 40 years Jack ran the business, it was in the black. When Jack hit age 65, he wanted to retire. His wife wanted to sell the house and move into a condo ...More
    July 1, 2005 Pieter Kark and Ken Yap Posted in Articles, Finance
  • The Payment Advisor
    “The Payment Advisor” is a monthly Q&A column to which readers can submit questions about card transaction systems, electronic funds transfer, check acceptance and processing, wireless transactions, international funds transfer, and other payment issues. To participate, ...More
    June 1, 2005 Ross Federgreen Posted in Articles, Finance
  • To ‘Trust’ or Not to ‘Trust’
    To ‘Trust’ or Not to ‘Trust’ By Pieter Kark and Ken Yap While asleep, Ginny dreamt many dreams, but the one she remembered when she awoke was a strange one: It was about life insurance. Wait… No… It was actually about leaving her home, savings and self-storage business to ...More
    June 1, 2005 Pieter Kark and Ken Yap Posted in Articles, Finance
  • Online Payment Processing
    Online payment processing is supposed to be easy, right? But recent modifications to rules and regulations by credit-card companies have caused confusion about what merchants can and can’t do. Navigating the dos and don’ts may not be easy, but being able to accept ...More
    May 1, 2005 Brent S. Hoffmann Posted in Articles, Finance, Technology