Do You Have Cyber Insurance on Your Self-Storage Facility?
Friday, December 15
Cyber attacks are rising every day. Ransomware attacks are growing at an alarming rate and are very difficult to recover from. You have to pay the thieves who stole your online information to get the information back in the hopes that the key they give you will work. Even if you do get the key ...
The Size of Your Market Matters!!!
Wednesday, December 13
When you are evaluating the size of your market for your self-storage facility, you are typically looking at a 5 mile radius. We are not painting broad strokes on an entire city. We are looking at micro markets. You only have to dominate 5 square miles for your facility to be successful. You n...
How Do I Squeeze Everything Into My Tiny schedule?
Monday, December 11
Whether you are just getting started in self-storage or you are branching out or trying to grow, there is always one thing that is going to get in your way, time. We all have a limited amount of time; it is critical that you make every second count. The wonderful thing about self-storage is tha...
How to Improve Your Current Facility
Friday, December 08
Self-storage is different from other types of commercial real estate. This is a great thing. There is less plumbing to deal with and less tenant problems, usually. However, there are different problems and issues that you need to be aware of. You can stagnate and let your property go into coas...
Creating Your Business Model
Wednesday, December 06
When you are looking at properties, you need to know what you want. If you don’t know what you are looking for, how will you know when you have found it? The first thing that you want to do as a self-storage investor is determine what size self-storage facility you want to buy. Are you looking...
Getting Started in Self-Storage
Monday, December 04
Self-Storage is not a get rich quick plan. Self-storage is a way to slowly build up your net worth and passive income until you are able to comfortably live on the proceeds. If you are looking for something that will put cash in your pocket in the next 2 weeks, it is possible to do that with se...