The self storage industry has continued to evolve over the years, but it seems as though that evolution has sped up drastically in the last 5-7 years as technology plays an ever increasing role. There is a push to minimize the human element in storage as much as possible. However, there are still many advantages to having an on-site...
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Owning a self storage property can have a lot of perks and provide great income. Sometimes however, it's easy to get caught up in the status quo and leave things on autopilot. If you're considering selling your self storage property, you may be interested in learning how you can increase the value prior to selling? Below we'll talk through a...
It's safe to say none of us have ever seen anything like the Covid-19 epidemic of 2020. It's also likely safe to say that no one (or VERY few) in the Self Storage industry had any contingency plan or operating procedure in place for a situation like this. That said, it's important for all self storage owners to...
It's safe to say, more and more business is driven online everyday. Everyone (including our customers) has access to the internet in a way that they never have before. In fact, almost everyone in the US carries around a mini computer in their pockets (i.e. smartphones) with 24/7 internet access.
What is Due Diligence in Self Storage
03/19/2020
If you're interested in either buying or selling self storage, one of the crucial parts of the process that needs to be navigated is what's called Due Diligence. In the world of residential real estate, this isn't really a thing (though there are often physical inspections). In the commercial real estate world, due diligence encompasses the...
It's safe to say, more and more business is driven online everyday. Everyone (including our customers) has access to the internet in a way that they never have before. In fact, almost everyone in the US carries around a mini computer in their pockets (i.e. smartphones) with 24/7 internet access.
Self storage can be a fantastic business and many owners stay in the industry for years. However, there comes a time when owners will want to sell self storage businesses and it's important to plan appropriately for such an event.
Advantages of Selling a Mini Storage Direct
03/04/2020
If you're at a point in your life or career that you're considering selling your self storage or mini storage facility, it's important to weigh your options. This is a huge financial decision and not one that should be taken lightly when being evaluated. When selling your mini storage you'll have two main options to pursue.
