Profit Centers

Self-storage facilities that offer products and services beyond basic storage units will attract a broader range of clientele. Providing these ancillaries will also help the business generate new revenue.

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Big Door Holdings to Build Condo Self-Storage in Mundelein, IL

Oct 02, 2018

Update 10/2/18 – Last week the village board approved Big Door’s request to build its condo self-storage project in Mundelein. The special-use permit was issued on Sept. 24 without debate, as the board had previously discussed the...

Commercial Self Storage Owners Expand by 5 Facilities in Indiana and Ohio

Sep 17, 2018

Update 9/17/18 – Commercial is expanding its self-storage facility in Gahanna, Ohio, near Columbus. Since opening in June with a single building, the company has added four storage structures. It intends to invest another $4.4 million in...

Valet Self-Storage Startup Second Closet Raises $2M in Private Funding to Follow $500K Seed Money

Sep 12, 2018

Update 9/12/18 – Second Closet has closed another round of funding, this time raising $2.04 million to fuel expansion to Vancouver, British Columbia, Canada. The valet self-storage operator has now raised more than $2.5 million in a little...

Self-Storage REIT Life Storage Expands Warehouse Anywhere Logistics, Inventory Service

Sep 06, 2018

Life Storage Inc., a self-storage real estate investment trust and property-management firm, has made Warehouse Anywhere LLC, its third-party logistics and warehousing-services subsidiary, available to corporate customers. The cloud-connected...

Self-Storage Tenant Touts Security and Amenities at Emerald Desert RV Resort

Aug 08, 2018

A great customer testimonial is the best kind of marketing for any self-storage facility. Emerald Desert RV Resort in Palm Desert, Calif., proves it with this short commercial featuring a tenant and his luxury Corvette. See how easy it is to let...

Self-Storage and Cell Towers: What Are the Leases Really Worth?

Aug 07, 2018

When it comes to cell-tower leases, self-storage and other property operators are often on the losing side. Rather than simply collecting rent from the tower company, learn how to maximize the value of this contractual agreement.

More Than Just Units: Creating a Specialty Self-Storage Business Model

Jul 16, 2018

Whether you’re a self-storage operator with hard-to-fill units or just looking to boost your revenue, now’s the perfect time to consider specialty storage options for your market. Here ideas on what to offer and how to get started.

StorageVault Acquires Self-Storage, Portable-Storage Facilities in Ontario

Jul 10, 2018

StorageVault Canada Inc. has acquired two self-storage facilities and a portable-storage business in Ontario. The properties were purchased in three separate transactions for an aggregate $5.65 million. StorageVault now owns 28 locations in the...

Self-Storage Talk Featured Thread: Unpaid Rent for Vehicle Storage

Jul 10, 2018

Vehicle storage can be a lucrative profit center for many self-storage facilities. However, offering this service comes with additional risks, particularly if a tenant falls behind on the rent. Auctioning a boat, trailer or car isn’t a...

Author Mark Helm Explains How Tenant-Insurance Revenue Improves Self-Storage Facility Value

Jul 04, 2018

Selling tenant insurance to self-storage customers not only provides them with peace of mind, it can add to your bottom line. In this video, Mark Helm, author of “Creating Wealth Through Self-Storage,” explains why goods-protection...

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