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.

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Live Self-Storage Auctions: Creating a Better Experience and Increasing Your Revenue Stream

Apr 04, 2019

There are things self-storage operators can do to provide a better experience for their live auction bidders and keep them coming back for more. Learn how to create a pleasant, productive lien sale that benefits everyone.

Affiliating With Local Law-Enforcement Agencies in Self-Storage

Apr 02, 2019

Partnering with local law-enforcement agencies yields many benefits for self-storage operators. A facility owner shares advice for establishing a collaboration based on his own experience.

Mississippi, Montana, Virginia Governors Sign New Self-Storage Regulations Into Law

Mar 28, 2019

The governors of Mississippi, Montana and Virginia have signed updates to their state self-storage regulations, allowing facility operators to sell tenant insurance, send lien notices via verified mail or e-mail, and conduct auctions online...

Surviving the Woolsey Fire: A Self-Storage Professional Shares Her Story and Disaster Advice

Mar 23, 2019

A self-storage professional who lives in California shares the story of being evacuated during last year’s Woolsey Fire as well as advice for others in the industry who might one day find themselves facing natural disaster.

MiniCo Insurance Agency Offers Upgraded Business Owner Policy for Self-Storage

Mar 22, 2019

MiniCo Insurance Agency LLC, a provider of insurance products for the self-storage industry, will begin offering an upgraded business owner policy (BOP) as part of its self-storage insurance program on April 1. The product will provide enhanced...

New Self-Storage Owner Runs for Verona, NJ, Town Council

Mar 22, 2019

A new self-storage owner is running for a seat on the Verona, N.J., Town Council. On the May 14 ballot, John Fio Rito will face deputy mayor Michael Nochimson, whose term expires on June 30, according to the source...

Self-Storage Talk Featured Thread: Death of a Tenant

Mar 19, 2019

It can be confusing and upsetting when you discover one of your self-storage tenants has died. Often, friends or family members will attempt to access the deceased’s unit, even if they don’t have authorization. Or perhaps no one will contact you...

Irving, TX, Self-Storage Owner Discovers Medical Waste in Units

Mar 12, 2019

A self-storage owner is furious after discovering he’ll have to foot the bill to remove medical waste from five defaulted units at his two facilities in Irving, Texas. Ron Hines, owner of Dependable Mini-Storage and Sixth Street Mini-Storage, cut...

Worker Dies in Elevator Accident During Milwaukee Self-Storage Conversion

Mar 07, 2019

A forklift operator plunged 80 feet down an elevator shaft to his death on Monday while working on the conversion of a historic Milwaukee warehouse to self-storage. Anthony D. Azarian, 32, had extended the forklift bucket to knock away bricks when...

Moratorium on Self-Storage Development Imposed in Coon Rapids, MN

Mar 06, 2019

Update 3/6/19 – The Coon Rapids City Council unanimously approved a six-month moratorium on self-storage development. The ban also applies to the expansion of existing facilities. It’ll run until Sept. 9 unless the council opts to lift or extend...

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