Self-Storage is More Stable than Other Commercial Real Estate
Wednesday, September 28
Why is self-storage more desirable than other types of commercial real estate; there are no toilets. In fact, there is usually no plumbing at all unless you are dealing with fire suppression systems. In addition, it is less expensive to maintain, and easier to manage so it can be more profitabl...
With Interest Rates Climbing, how do You Buy Self-Storage?
Monday, September 26
As the Fed continues to raise interest rates, mortgage rates continue to rise. This means that your potential monthly mortgage payments are going up too. So how do you find a way to make your self-storage property profitable when you’re looking at payments that are substantially higher than wha...
What do Self-Storage and Football Have in Common?
Friday, September 23
For a football team to be successful they have to plan for every team that they play. They have to put together a strategy to beat that team and then finally they have to practice. When a team does this successfully over and over again, they win. If they don’t have good players on their team, t...
How Can You Make Sure You Have A Good Manager?
Wednesday, September 21
There are so many potentially great managers available to hire that you have a lot of opportunities to find someone amazing. You want to make sure that you find someone that you are compatible with. You don’t want to hire someone that doesn’t fit your company culture. You don’t want someone wh...
Don’t Get Stagnant With Your Self-Storage!
Monday, September 19
You don’t want to get comfortable with your self-storage property. This could end up costing you money. When you have a property that is performing well and others that are not, you may find that your attention is naturally focused on the problem properties. However, you don’t want to let your...
Why should you do automatic payments in self-storage instead of cash
Friday, September 16
There are several reasons why you want to set your clients up on automatic payments. Most people are inherently complacent. Once their stuff is out of site, it is out of mind. They like having it tucked away nicely where they don’t have to deal with it. If you force them to think about it eac...