It may be a new year, but operators of all businesses will continue to face challenges as the pandemic—and related troubles—linger and even accelerate. In self-storage, owners and managers must continue to focus on occupancy, rental rates, delinquencies and all the usual performance indicators; but they may also need to grapple with higher tenant bankruptcy, spikes in crime, troublesome legislation, a greater homeless population and more.
In this thread on Self-Storage Talk, the industry’s largest online community, members are discussing the difficulties that may lie ahead and their strategies to conquer them. What worries are keeping you up at night? What are your plans to move the business forward despite new and ongoing trials? Join this important conversation.