Articles
Learn the ins and outs of self storage investing…
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 you ever thought to take a step back, though, and make a plan on what to do if you find yourself and your facility in …
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 radius you are analyzing. However we all know each market is very different. In analyzing small towns in more rural areas what number do people suggest …
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 management is no longer an option! If you want to survive the boom in the industry, you are going to have to dig your heels …
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 bit more granular on specific steps one should take in order to: explore the market (resources for this – where to look, etc.) find prospective …
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 post where someone is about to make a major mistake because of their laziness or outright ignorance (and I say that with peace and love), …
Where To Find Self Storage Facilities For Sale
Okay, so you’re convinced that you want to look at buying an existing self-storage facility, but how do you go about finding suitable business opportunities? Well as we’ve already discussed, with all of the advantages that self-storage facilities offer, this makes it difficult to find a number of facilities for sale compared to other property …
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? What are the chances that this is not a dead-end industry? What are the business’ limitations? Obviously, a first-timer has their own jitters as they …
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 it. The self-storage business manager is the person who runs and operates a self-storage business facility. On-site self-storage business managers (living within the facility) and …
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 have to be progressive as you think. You don’t have to have a production company or a $1,000 camera. In fact, it’s pretty incredible what …