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.

Tips to Increase Fire Prevention and Safety at Your Self-Storage Facility

Sep 01, 2020

A fire can be devastating to a self-storage business. Read about property issues that can increase fire risk and preventive tips to increase site safety.

2 Workers Injured in Self-Storage Construction Accident in Sudbury, MA

Sep 01, 2020

Two men were injured last week when they fell 30 feet from a scaffold while building a new self-storage facility in Sudbury, Mass. The Aug. 27 accident at 554 Boston Post Road happened shortly before noon, according to fire officials...

Thinking on Our Feet: A Self-Storage Operator Responds to and Learns From COVID-19

Aug 28, 2020

The coronavirus has sparked a new age, and self-storage businesses have had to adjust. One operator shares what happened at his facilities in the early days of the pandemic, how he and his team have adapted, and lessons he’s learned along the way.

Police Make Arrest in Oakville, Ontario, Self-Storage Break-Ins

Aug 28, 2020

Police have made one arrest and are seeking two other suspects in connection with several break-ins this week at Apple Self Storage in Oakville, Ontario, Canada. A man and woman entered the property at 700 Third Line at about 4 a.m. on Aug. 23...

Belleville, IL, Considers Sales Tax on Self-Storage Rentals

Aug 26, 2020

Officials in Belleville, Ill., are considering a 5 percent sales tax to be collected on self-storage rent. Suggested by alderman Phil Elmore, the tax is one of several moves being considered by the city to help cover the costs of municipal...

2 Arrested for Burglary of Mason City, IA, Self-Storage Facility

Aug 25, 2020

Two people were arrested last week in connection with a burglary at A-1 Security Self Storage in Mason City, Iowa. Officers responded to 4067 S. Federal Ave. just after midnight on Aug. 21 to investigate intruders caught on the facility’s video...

Woodland, WA, Council Votes to Prohibit New Self-Storage Facilities

Aug 20, 2020

The Woodland, Wash., City Council voted unanimously this week to prohibit new self-storage development within city limits. As its reasons, the board pointed to a surplus of storage facilities in the area and a desire to attract businesses that...

Self-Storage Talk Featured Thread: Picking Up the Pieces After a Natural Disaster

Aug 18, 2020

A deadly storm that swept through Iowa last week destroyed homes, businesses, churches and farms, and left thousands without power. The Aug. 10 disaster is called a derecho, a severe windstorm that can cause hurricane-force winds up to 100 miles...

Now’s a Great Time to Update Your Self-Storage Rental Agreement … Here’s Why and What to Include

Aug 15, 2020

If you find yourself with a lot downtime on your hands these days, it’s a good opportunity to review your self-storage operation’s rental agreement. Learn why your lease may need an update and get tips on clauses to include.

Team Down! What It’s Like When COVID-19 Strikes at Your Self-Storage Operation

Aug 14, 2020

Self-storage businesses have continued to to serve the public during the coronavirus pandemic, but some staff have succumbed to the illness. Read one operator’s experience with infection at the sites she oversees and her advice on moving forward.

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