Converting Existing Retail Space into Self-Storage in Phases!
Wednesday, November 09
The great thing about converting a property is that you don’t have to do it all in one phase. This can be cost prohibitive and can keep you from opening as quickly as possible. By opening in phases, you are able to start generating income faster and you can keep your initial costs down. Dependi...
Converting another property is a great way to create Self-Storage
Monday, November 07
With the market being the way that it is, there can be a lot of competition for existing self-storage properties. When this happens, instead of giving up, get creative. There are a lot of other types of properties out there that are in the same type of zoning as self-storage that can be converte...
Have you done a S.W.O.T. Analysis on yourself yet? Part 2
Friday, November 04
Now that you know where your strengths and weaknesses are, you need to look at the opportunities and threats around you. There are so many opportunities in the self-storage market for you to find. You just need to start looking. There are also the possibilities of being out located or having s...
Have you done a S.W.O.T. Analysis on yourself yet?
Wednesday, November 02
Every business has its strengths and weaknesses. You are your business, what are your strengths and weaknesses? This is something that you need to do as uncomfortable as it might seem. This is meant to be a growing experience not a negative experience. If there are areas that you are weak in,...
Creating Your Business Plan –The importance of setting up an SOP!
Monday, October 31
Every time that you do anything in your business that you are going to do more than once, you should have a standard operating procedure. If you don’t, how will someone be able to come in and take over for you? Each time that you do something, write it down. This is a great way to make sure tha...
Creating Your Business Plan - What is your Investment Strategy?
Friday, October 28
Now that you know how you are going to advertise your business, you need to decide how you are going to operate your self-storage business. Now that you are finding properties you need to decide what you are going to do with them. Are you going to find partners? Are you going to keep them and f...