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 […]
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 belonging that they store. It is true that self-storage facility providers are responsible for ensuring that the clients’ possessions are protected. On the other hand, […]
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 making smart decisions. Check out my video and learn some of the basics, such as:
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 is determining which financing best suits your needs is to define your investment goals. These days, it’s easier to buy an existing facility than to […]
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 find money?” How do we find and prequalify those who may be interested in investing? The answer is easier than you may think; it’s the […]
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 they are complying with all of the laws involved with having employees. This article will discuss a few topics about employment law and the risks […]
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 the aggregators right now, which is being led by one self storage operator in Texas. During this controversy, I’ve been sitting back in the sidelines, talking […]
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 to know. Check it out below!
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 past several years especially during this recession. I was like you several years ago, an almost bankrupt landlord in the tenant-toilet business with over 400 […]
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. Self storage continues to grow year over year mainly because of two things. First, Americans move a lot. There are only a handful of families […]
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 are the first to realize just how much a bum economy can affect their profits. And as property owners, their services may be some of […]