Risk Management

From criminal activity to onsite injuries to natural disasters, self-storage operators must predict and and mitigate all manner of business threats. Important aspects to managing risk include understanding legal issues, practicing theft prevention, investing in insurance coverage, and keeping pace with laws that affect the industry.

Highlights

New Data-Protection Rules for Europe: Self-Storage and the GDPR

Jun 12, 2018

The new General Data Protection Regulations are now in effect, and they impact the way self-storage operators gather, store and use...

Fire Damages Hong Kong Industrial Building Containing Apple Self-Storage Facility

Jun 11, 2018

Hong Kong firefighters battled a fire for nearly nine hours last week in the 15-story Wing Chai Industrial...

Steer Confidently Into Hurricane Season With a Self-Storage Emergency-Preparedness Plan

Prepare for Hurricane Season With a Self-Storage Emergency-Action Plan

Jun 08, 2018

With hurricane season officially upon us, self-storage operators are encouraged to create or review their...

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Son Sentenced in Helping Mother Commit Suicide at Peabody Self Storage in Vacaville, CA

Jun 08, 2018

Update 6/7/18 – Eric Capitanich has been sentenced to three years of probation for being an accessory after the fact in his mother's suicide last year at Peabody Self Storage. He also received credit for time served during the prosecution of...

The Positive Impact of Consumer Credit Screening and Reporting in the Self-Storage Industry

Jun 06, 2018

Credit screening and reporting can help self-storage operators weed out customers with a history of delinquency or default as well as motivate tenants to be timely in their payments. Read more about the benefits of making a credit check a...

Minnesota Governor Signs Bill Authorizing Online Auctions for Self-Storage Liens

Jun 04, 2018

Minnesota Gov. Mark Dayton signed an update to the state’s self-storage lien law on May 29 that grants facility operators the right to hold their lien-sale auctions online. Though the previous wording indicated “online sales are...

10 Crime-Prevention Strategies for Self-Storage Operators

Jun 04, 2018

A self-storage facility should be designed to offer superior protection for tenants’ stored items. Here are 10 steps to work toward a crime-free environment.

Self-Storage Talk Featured Thread: Tenants Bidding on Their Own Lien Sale

Jun 01, 2018

When a self-storage tenant falls behind on rent, getting him caught up can be challenging. While some customers are able to...

Man Shot Dead at CubeSmart Self-Storage Facility in Algiers, LA

May 30, 2018

Update 5/30/18 – Collins was booked into the Orleans Justice Center on May 24 on a second-degree murder charge in...

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