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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.
Whatever your feelings about the self-storage business you own, you can’t run it forever. If you don’t intend to sell, you need a solid succession and estate plan. Learn why this planning is important, what poor planning could cost, and how to...
Once the pandemic subsides, how will our lives and workplaces be permanently affected? Here’s betting that sanitization, health and safety become integral parts of self-storage business operation and the customer experience.
A former tenant was arrested on Tuesday after he allegedly set fire to the manager’s office at a self-storage facility in Waterbury, Conn. Jacen Heslop, 32, was charged with arson and several other crimes related to damage he’s accused of causing...
The recent ISS Virtual Event drew hundreds of industry professionals into its exhibit hall, networking lounge and education theater. If you missed the online conference and tradeshow, or want to revisit the seminars you attended, you’re in luck...
Self-storage operators everywhere are adapting to the new reality of business in a time of coronavirus, embracing new operational tools and strategies. Store Space, which owns or manages more than 30 facilities in 15 states, shares its three-point...
Nearly a year after city officials in Nampa, Idaho, ended a moratorium on new self-storage, they’re again considering how to handle this development type. The Nampa Planning and Zoning Department (NPZD) is deliberating a zoning amendment that...
Any self-storage facility can present safety hazards for tenants, staff and guests. To minimize risk at your property, be proactive through these simple steps.
The owner of a Red Bud, Ill., self-storage facility lost his life on Saturday when he crashed a helicopter into his facility at 1290 W. Market St. Welda W. DeRousse Jr., 74, was the only person on board, according to sources. The incident took...
There are many important insurance coverages a self-storage owner should have in his policy, but one that’s often overlooked is workers’ compensation. Learn why this coverage should be a priority as well as its benefits, requirements, premiums and...
The wildfires raging along the West Coast have consumed 4.6 million acres and claimed at least 36 lives. They’ve also greatly affected the air quality for millions of people in California, Oregon and Washington. Keeping a self-storage business...