Self Storage Investing Blogs

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The “Dime”- How Can Military Families Best Utilize Self Storage?

For many families, moving is not something that happens often. It isn’t uncommon for a family be in the same place while raising the children and for their first move …

Ask Scott: Getting Started in Self Storage

“Hey Scott! I’m looking for some ideas on how to get started. I listened to a few BP podcasts yesterday on self-storage, launromats, RV parks, etc. but was hoping to get a …

How to Analyze a Self-Storage Facility

Whether you’re an experienced self-storage investor or exploring the opportunities that exist in this industry, a baseline understanding of the steps to consider when acquiring a facility will aid in …

Call Centers- The Pros and Cos – Part 1

“Hello, please hold.” “Yes, let me transfer your call” “Your call is very important to us. Please stay on the like and your call will be ordered in the order …

Ask Scott: Equilibrium Sq Ft per Person in Rural Areas

“I have read that for determining equilibrium a good rule of thumb is to use an avg of somewhere between 7-8 sq ft of self storage per person within the …

Manage You Self Storage Investment with Care

If you are the owner of a self storage facility, you are one of the many who helped to break some industry records! With so much competition popping up, passive …

What Does A Self-Storage Business Manager Really Do?

Self-storage is a business where a tenant rents out a unit or space from a storage facility for personal or professional use. He can access it anytime while he’s renting …

Self-Storage – Attractive –Without The Frills – Penny #3

It is no secret that most self-storage facilities are all-metal constructions. Can you think of any other type of real-estate investment that shares that quality? I sure can’t! (Unless you …

3 Tips for Self Storage Newbies

I’m a member of a few real estate forums out here on the interwebs, and I get notified when the topic of self storage becomes active. So, when I spy a …

4 Final Easy Ways to Improve Your Storage Facility’s Impact on the Environment

We have previously discussed 7 important was to make your self storage facility more environmentally friendly. If you haven’t seen those previous articles, be sure to go check them out! …

Call Centers – The Pros and Cons – Part 2

In our previous article, we covered the pros of call centers in a self storage facility business. But as we said, there are always two sides of the coin. Let’s …

Ask Scott: “On Demand Storage”

“Curious if you have researched this new business model of “On Demand Storage”?  I noticed UHaul appears to be going “all in” on the U-Box.  In Texas we have seen …

Things To Know When Starting Your Own Self Storage Business!

It’s a start! A first-time self-entrepreneur in the industry of self-storage business has understandably a lot of questions in mind. Is there a guarantee that I will profit from this? …

Strength in All Metal Construction

One of the most unique attributes of a self storage facility is that a large majority of them are all-metal constructions. Think about it, are there any other real estate …

Building a Self Storage Business

All Across the United States, entrepreneurs are talking about the self storage business. The word is out that investing in the mini storage business can be very profitable. And it’s …

Ask Scott: Interested in a MHP or Self Storage

“My business partner and I have been purchasing residential rental properties in Topeka, KS for the last 13 years.  We are very interested in purchasing a smaller MHP +/- 30 …

The “Dime”​ – 10 Traits of a Well Rounded Self Storage Manager

Today’s storage facility manager is not someone who simply stands behind a counter and mindlessly takes payments and answers phones. These managers need to be able to handle a wide …

Self Storage Is A “Dime” Of An Investment – Recap

We have taken the past 10 blogs to discuss various reasons why investing in self storage is a “dime”, or in other words, a great investment sector. Let’s take this …

4 More Easy Ways to Improve Your Storage Facility’s Impact on the Environment

In a previous article we talked about how going paperless, working with a LEER-contractor, and adding landscaping can go a long way in making your facility more eco-friendly, which in …

Do You Need Residents to Make Money in Real Estate?

Barbara Streisand once said “people who need people, are the luckiest people in the world.” Do you agree that this is necessarily the case? Or do you think that in …

Save Money By Being Proactive

We live in a world that could be described as “sue happy”. People are ALWAYS looking for a reason to enter into a lawsuit.  Coffee being too hot. Careless Falls. …

Self Storage Franchises Explained

We’ve had a lot of visitors to our website seeking information on Self Storage Franchises. I posted a video on our YouTube channel where you can learn everything you need …

The “Dime”- How to Get Involved in Your Community

This may sound like a silly, extra time consuming things to do, but it is truly a great way to boost your business! Community involvement is one of the easiest …

The “Dime”- Maintenance Factors that Cannot be Overlooked

The duties of a self storage manager are many! With all that they have on their plates, let’s have a list of 10 maintenance reminders of things that cannot be …

Self Storage Business Expansions Prove Market is Stable

With the current strain that the economy has caused many businesses, it’s not hard to see why many have began to broaden their horizons.  In uncertain times, small business owners …

How to Start a Self Storage Business

You’ve probably read from Inc. Magazine or Wall Street Journal or Entrepreneur Magazine why self storage is the fastest growing sector of real estate and small business in the U.S. over the …

What are Your Customers Looking For?

Wouldn’t it help to know what your customers were thinking? If you could know what they were thinking, then you would know what they wanted and you could be at …

Self Storage Employment Law Explained

I realize that running a self storage business is not easy when you’re mostly trying to rent units, but self storage facility owners need to also avoid legal pitfalls to make sure …

Color Theory and the Self Storage Facility Owner

Have you ever tried to envision what life would be like if it was in black and white? Watching tv with my grandparents always got me thinking about what that …

Boosting Revenue with Moving Truck Rentals – Part 3

So we have coved the things that should be considered in deciding whether you want to be a dealer or an owner and what things you need to get into …

Can “Tidying Up with Marie Kondo” boosting your storage unit rental occupancy?

By now most people are familiar with Marie Kondo and her fantastic home organization skills. This mini series on Netflix has changed the way people are cleaning, organizing, and decluttering …

Self Storage Facilities are Easy to Manage- Penny #9

Just joking! The word easy and manage are two words that don’t really coincide well together. If it were easy, everyone would be doing it, right? With that being said, …

Boosting Revenue with Moving Truck Rentals – Part 1

Are you considering adding truck rentals to your business? If done correctly, this addition can be an excellent way to increase the profits of your facility while making your facility …

The “Dime”​- 10 Times Self Storage mad it onto the Big Screen

It is no surprise that self storage facilities make their way onto our tv screens relatively frequently. They are in the backgrounds of tv shows and movies. Most commonly, though, …

Insurance Programs for Self-Storage Tenants

People store their belongings to self storage facilities for various reasons. However, some people who rent the units assume that the self storage owner will automatically provide insurance for every …

Self Storage Aggregators Explained

Most of the folks in the self storage industry have seen or heard a number of articles – whether located in blogs, chat rooms, etc. – about the war on …

Self Storage – As Reliable as the Sun – Penny #10

Real estate investing is not something earth shatteringly new, right? It is something that has been done in one form or another since the beginning of humankind. In our final …

The Art of Negotiation

Buy real estate without entering into one form of negotiation or another is virtually unheard of. Sellers want more and the buyers want to pay less. Check out the top …

Don’t try to reinvent the wheel

When something works, why change it? In the world of self storage facilities, there is an obvious formula that works. Consider these reasons as to why you should avoid trying …

Seasonal Upkeep of a Self-Storage Facility – Penny #7

Hello, hello! Welcome to penny #7 of why self-storage investing is a “dime”. Today I wanted to talk about the seasonal upkeep of storage facilities. It doesn’t matter if you …

Smart Ways to Increase the Value of Your Facility

When you are a self storage facility owner, you quickly learn that the key to making money is to push the facility to be worth more than what you paid …

Defining Self Storage

In 2012, the self storage business reached $2.1 billion in sales. This number, along with the business’ minimal planning for tenants to rent space, has attracted investors who are looking a …

The “Dime”- Why Self Storage Will Continue to be Needed

Welcome to our next article series. There are so many different things to cover when talking about self storage. For this series, we want to go behind the scenes of …

Marketing Your Self-Storage Business

“Hey, have you heard of *business name*?” “Who what now?” Novice business owners might think that it’s a waste of time, but marketing plays a huge part in any form …

Pave the Way

Since roadways became a “thing”, multitudes of materials have been used to create them. Sometimes they were just beaten down paths, other times granite paving stones were used. Some materials …

Ask Scott: Estimated Expenses

“Hey Scott! When elevating Storage Units what rule of thumb do we use for estimated expenses?  50% rule?  60% rule because it is commercial?  When calculating vacancy and bad debt, …

Tips for Video Marketing

If you’ve ever wondered about video marketing, in this video I provide a quick glimpse on how to market your facility online, primarily through social media. A few tools of the trade don’t …

Are you building a legacy?

Grandma’s china. Grandpa’s gun collection. Uncle Gary’s collection of rusty nails in coffee tins. Every American wants to have something to pass down to future generations. Will what they are …

Introducing The Self-Storage “Terminator”- Penny #2

In addition to having to not deal with the “repair” of a residential rental, self-storage ownership has another great bonus! The ease of eviction. There are moments in the self-storage …

Ask Scott: Shipping Container Facility

“Does anyone have any experience with shipping container storage facilities? I’m looking for container suppliers.  Planning to start with a few 10 x 20 containers and see how it goes.  …

Endless Growth- From Household Storage to Boats and Rvs – Penny #4

Welcome to the fourth “penny” of why self-storage investing is a “dime”. You want to make sure that you are prepared in knowing what kind of storage you want to …

Watch out for the writing on the wall – Part 1

When you have finally made a self storage facility purchase, it is without a doubt an exciting time! How can you ensure though, that when you look in retrospect, that …

Walk the Halls – Inside Access Self-Storage Facilities – Penny #6

In last weeks article we talked about drive up self-storage facilities and what kind of storage they are good for. This week, I want to chat for a bit about …

Ask Scott: What to do with $1Million?

“What would you do in this market with $1 ml cash? We are at the top of the cycle and every asset seems a bubble close to bust? Sit tight …

“No Trash, No Toilets” – Penny #1

Welcome to our first article addressing why self-storage investing is a “dime”! To start out, I cannot even begin to tell you how life changing it is to not have …

The Weekly “Dime”- How Can You Add Value to Your Self Storage Facility?

As a business owner, there is just something about increasing the value of your business that bring a special kind of joy. Maybe you are trying to increase business, or …

Opportunity Zones: A New Self-Storage Investment Option With Great Tax Benefits – Part 2

Understanding the Benefits There are several benefits to investing in an OZ. The first is tax deferment. Investors can defer the tax on any prior gains invested in a QOF …

Opportunity Zones: A New Self-Storage Investment Option With Great Tax Benefits – Part 1

By now, most active investors in real estate have at least heard the term “opportunity zone” (OZ) even if they aren’t completely clear on what it is or the advantages …

Looking Back at the Self Storage Industry

In the last decade, the most profitable and sure-fire real estate investment was not grand office buildings or trendy restaurants or luxury resorts – it was simply just self storage. …

Lock It Up – 4 Lock Tips

When you think about the operations of a self storage facility, what are some of the first things that pop into your head? The all metal construction? Moving trucks? What …

Where To Find Self Storage Facilities For Sale

Okay, so you’re convinced you want to look at buying an existing self storage facility, but how do you go about finding suitable opportunities?   Well as we’ve already discussed, with …

Ask Scott: 42-Unit Storage Facility

“Hey Scott- Here is the skinny on what we have in front of us. There is a 42-unit self storage facility listed on MLS with average rent of $65/unit; Built …

Filling a Self Storage Unit: Think Vertical!

By using a storage unit, you can achieve maximum efficiency by reducing the amount of clutter in the home and in the office. Make the best of your off-site storage …

Use Social Media to your Advantage

Did you know that 69% of American adults use at least one form of social media regularly? As the internet continues to dominate, it is important for you, as a …

The “Dime”- How Can You Bring More Tech into Your Facility?

Technology is something that we are all having to learn and adapt to here in 2019. It seems like as soon as we conquer one new kind, it is either …

Ask Scott: Negotiating Zoning Problems

“We just got shut done on a Self Storage Project in a rural community.  The land use plan basically talks about exclusively agriculture only and no commercial use.  How does …

Self Storage and the College Student – Penny #8

Welcome to penny #8 in why self storage investing is a “dime”. Today we are going to talk about self storage and the college student. College students are one of …

When the Worst Case Scenario Happens

There are horror stories about self storage facilities all over. You read them in the paper, see them portrayed on tv shows, and maybe have even experienced some yourself. Have …

How to Finance Your Self Storage Business

Financing a self-storage acquisition has never been simple, though it can be time-consuming. Knowing about the loan products available to buyers and understanding the process will help. The first step …

Watch out for the writing on the wall – Part 2

In part 1 of this blog, we talked about some “writing on the wall” that you should be looking for before entering into business at a new facility. There were …

Who is the Quarterback on Your Team?

Just like in football, there is one member of your team that is going to carry the game. Do you know who this is? Your manager! They are absolutely vital …

Tips for Combining Households

There is no refuting that combining two households is an exciting time and step in life. This time, though, can also bring its fair share of stress. Don’t let disagreements …

3 Easy Ways to Improve Your Storage Facility’s Impact on the Environment

Marketing a self storage facility today can be a bit of a challenge! How can you make this easier on yourself and ultimately make your business more successful? By making …

How to Raise Private Funds to Buy Self Storage Facilities

In this week’s video, I share a few tips on how to find private investors to fund your self storage acquisitions. The biggest question of all is usually “Where do we …

Vinyl is Alive! – How to Help Your Customer Store it Properly

I was walking down the aisle in Walmart the other day when a display caught my eye. It was an entire shelf FULL of vinyl albums! I haven’t seen those …

Boosting Revenue with Moving Truck Rentals – Part 2

In our previous article, we touched on the benefits of having moving truck rentals available at your facility. Let’s continue the discussion and cover a few more points that should …

Drive-Ups – Not Just For The Movies! – Penny #5

Welcome back to our next article about why self-storage investing is a “dime”. With there being varying types of facilities to purchase or buy, it is important to consider each …

Commercial Real Estate Investing’s Biggest Secret

Has the ongoing recession and lack of development capital left you wondering how to get into Commercial Real Estate? Well one strategy that some investors are beginning to consider is …

Why Self Storage is a “Dime”​

Picture this. You are walking down the street and you see a dirty penny on the ground. Trampled on by hundreds of other pedestrians. Is it going to stop you …

Ask Scott: Enough Land?

I currently own about 2 acres of property in upstate NY. I am trying to sell my restaurant that sits on that property. Since I am having difficulty selling it, …