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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ISS Poll: Leveraging Self-Storage Tenant Insurance or Protection Plans

May 25, 2018

The California Supreme Court recently ruled that self-storage tenant-protection plans aren’t considered insurance and, therefore, aren’t subject to insurance licensing requirements. Facility operators and vendors consider this an industry win, but...

MonStore Self-Storage Garages to Open in Palm Springs, CA

May 22, 2018

Developer David Gandolfo plans to open condominium self-storage in Palm Springs, Calif., this summer. Built on 4.5 acres at 3690 Airport Center Drive, MonStore Garages will comprise 45 units ranging from 650 to 5,400 square feet, according to its...

VaultDrop Expands Cloud-Storage Service to Canada as Value-Add for Self-Storage Tenants

May 11, 2018

VaultDrop LLC, whose platform enables self-storage operators to offer unlimited cloud storage to tenants, has expanded service to Canada. The company’s Total Storage solution provides customers with secure, digital storage in addition to...

Texas-Based Valet Self-Storage Startup Callbox Expands Service to Phoenix

Apr 27, 2018

Callbox Storage LLC, a startup business specializing in valet self-storage in North Texas, intends to launch service in Phoenix next month. The company recently raised $5.25 million in seed financing following its 2016 launch in Dallas and...

California Supreme Court Rules Self-Storage Tenant-Protection Plans Aren’t Subject to Insurance Code

Apr 25, 2018

Update 4/24/18 – The Supreme Court of California ruled unanimously yesterday that self-storage tenant-protection plans don’t constitute insurance. In Heckart v. A-1 Self Storage Inc., the court determined the protection plan available...

Austin, TX, Entrepreneur Launches 'Crampt' Valet Self-Storage Service

Apr 19, 2018

Entrepreneur Kevin Knebel, CEO of document-management firm Contego Information Management, has launched Crampt Inc., a startup business specializing in valet self-storage in Austin, Texas. The company uses an online platform that allows customers...

Diplomat RV & Boat Storage in Cape Coral, FL, to Open in September

Apr 03, 2018

Diplomat RV & Boat Storage, a 13.7-acre property designed for vehicle self-storage, will open in Cape Coral, Fla., in September. The facility at 2900 Diplomat Parkway E. is being developed by Andy Powell, executive vice president of Wright...

Nassau County IDA Urged to End Tax Breaks for Self-Storage

Mar 29, 2018

The Nassau County, N.Y., Industrial Development Agency (IDA) could close a tourism loophole that provides tax breaks to new self-storage facilities and car dealerships. The IDA has used the exemption for projects it believes will attract customers...

Lakeside Budget Storage in Sterling Heights, MI, Named No. 1 U-Haul Dealer in the Nation

Mar 23, 2018

Lakeside Budget Storage, a self-storage facility in Sterling Heights, Mich., was recently named the No. 1 dealer in the nation for truck and trailer rentals by U-Haul International Inc., which has a network of more than 21,000 locations in North...

NBC Land Holding to Build Self-Storage Condominiums in Naples, FL

Mar 21, 2018

NBC Land Holding LLC is building self-storage condominiums in Naples, Fla., designed for vehicle storage. The Hideout: Elite Motor Storage will provide space for boats, cars, RVs and other vehicles. The units will be available for sale as part of...

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