Improving Operations Through Software
In recent years, many self-storage operators have upgraded from their DOS or manual management systems to Windows programs written specifically for the industry. Stepping up to a new system should always result in improvements to your bottom line. While you may see some ...More
May 1, 2004 Markus Hecker
Posted in Articles,
Technology
Occupancy Insanity
I recently needed to rent a storage unit and visited a few of the facilities close to my house. I walked into the first place and asked the manager what she had available. All she had were a couple of 10-by-10s. When I got to another facility down the road, I got ...More
March 1, 2004 Fred Gleeck
Posted in Articles
The National Market
As we begin the new year, our roundtable of real estate experts discusses the national self-storage market. Let’s hear what they have to say about their respective cities and regions. Joining us in our survey this month are: C. William Barnhill, Omega Properties, Mobile, ...More
January 1, 2004 Michael L. McCune
Posted in Articles
Refinancing $elf-$torage
The adage goes, “Take Advantage When Opportunity Knocks.” I can easily say opportunity has been knocking. This summer, the interest rates reached the lowest levels in the last 45 Years (Before Self-Storage became a recognized industry). Fixed-rate mortgages, which are based ...More
November 1, 2003 Neal Gussis
Posted in Articles,
Finance
The Central United States
This month, I gathered a roundtable of experts to discuss the state of selfstorage in the Central United States. Let’s hear what local experts have to say about their respective cities and regions. Our panel of brokers includes: Bruce Bahrmasel, The Preferred Realty Group, ...More
October 1, 2003 Michael L. McCune
Posted in Articles
Managers' Social Clubs
I want to tell you about a great concept recently shared with me by the manager of a self-storage facility in the Moreno Valley of Southern California. This unusual philosophy of management has helped keep all the facilities in the area full and otherwise successful. The ...More
June 1, 2003 Pamela Alton
Posted in Articles
The Winds of March
It's that time of year when our dedication to new year's resolutions is safely behind us and we are free to think about things really happening in our lives. March also brings the winds of spring, which are the perfect metaphor for understanding where the self-storage ...More
March 1, 2003 Michael L. McCune
Posted in Articles
A Discussion of Cap Rates
During my early career in real estate, I served as a real estate analyst for a major Wall Street institutional investor that was very focused on capitalization (cap) rates and 10-year internal rates of return (which, quite frankly, are only as good as the information and ...More
February 1, 2003 Matthew T. Pipkin
Posted in Articles,
Finance
