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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126 Self Storage Campaign-Finance Lawsuit Could Be Heard by US Supreme Court

Dec 13, 2018

Update 12/13/18 – As expected, the Goldwater Institute has petitioned the U.S. Supreme Court to hear the political-contribution case involving 126 Self Storage and 1A Auto. In its filing, the institute characterizes the restriction against...

Asset or Liability? Standards, Safety and Your Self-Storage Automatic Gate

Dec 07, 2018

While an automatic gate can be a great asset for your self-storage facility, it can also be a liability. Learn about standards with which your system should comply to ensure tenant and employee safety.

Elkton, MD, Self-Storage Owner Accused of Maintaining a 'Disorderly House'

Dec 06, 2018

A self-storage owner accused of allowing people to live in units at his Elkton, Md., facility is facing charges after police visited the property more than two dozen times in a six-week period. Wilbur James Whalen Jr., 66, was arrested last week...

Fairfield, NJ, Self-Storage Facility Intercepts Package of Marijuana Intended for Tenant

Dec 05, 2018

A manager at an Extra Space Storage facility in Fairfield, N.J., last week stumbled upon two pounds of marijuana after mistakenly opening a package addressed to one of the company’s tenants. The manager notified authorities after realizing the...

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

Dec 04, 2018

Update 12/3/18 – Collins was indicted on Nov. 29 on second-degree murder and obstruction of justice in connection with Dunkley’s death. His bond was also increased to $400,000 by ad hoc criminal district judge Dennis Waldron after the indictment...

California Property-Tax Measure Could Burden Owners of Self-Storage, Other Commercial Real Estate

Nov 21, 2018

Owners of self-storage and other commercial real estate in California could face significantly higher property taxes in years ahead due to a proposed change to Proposition 13, which will appear on the November 2020 election ballot. Under Prop. 13...

Self-Storage Tenant Insurance and Protection Plans: Helping Customers Protect Their Goods

Nov 15, 2018

If you’re ready to offer your self-storage renters coverage for their stored possessions, you must understand how tenant insurance and tenant-protection plans work and your options for offering a program. Here’s advice on choosing a provider and...

From Chaos to Control: Why Self-Storage Operators Should Switch to Online Auctions

Nov 10, 2018

There are many benefits to online self-storage auctions, not only the business but for bidders and buyers. Find out why many facility operators are making the switch.

How to Keep Tenant Death, Divorce and Disappearance From Turning Into a Self-Storage Soap Opera

Nov 07, 2018

The three customer-related plot twists a self-storage manager most often has to deal with are tenant death, divorce and disappearance. Learn how to handle these scenarios properly to avoid them turning into a legal soap opera.

Woman Locks 14-Year-Old Son in Roseville, MN, Self-Storage Unit

Nov 06, 2018

A woman has been charged with child neglect and false imprisonment after allegedly locking her 14-year-old son inside a self-storage unit in Roseville, Minn., for several hours last month. An employee of Acorn Mini Storage at 2480 Cleveland Ave. N...

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