Self Storage- Just Built. Sell or Not?
Friday, April 01
This is not your situation, but just to walk through the different thought processes in Holding/Selling that a friend of mine is going through. Helped my friend get into the Self Storage business and walked him through the whole process from evaluating the market, selecting a site, developing the...
Self storage- Auction Day
Saturday, March 26
Had an auction today. Two units, one at each of two of our locations. We have 8 locations and 1,200 units. Only these two units auctioned in the last 2 months due to our autopay requirements and fast lockout procedures. Auction- follow state laws for your state. Auction Rules- a. Open door, b. Do...
Self Storage- Sparefoot
Tuesday, March 15
Spring is in the air. For you northern climate storage locations, you should be working to get your Sparefoot Rankings to the top now, prior to the April/May busy season. For example google sparefoot. Do a search by zip code or town. Type in either zip code 51501 or 51503; or Omaha as an exam...
Self Storage- Appraisal Review
Sunday, February 27
In the process of filing for an SBA loan through our local bank. We have been using a Construction Loan with Interest only payment during the construction and as we have started the rent up phase. As part of the loan process we had an appraisal done on the project, as we move to permanent financi...
Self Storage- How far will a Bullet travel in Self Storage????
Thursday, February 10
Went on vacation for a week. Came back to one of our newest locations which is only about 2/5's full, part of the story. Driving through I noticed a hole in one of the Doors. Got onthe camera history to see who backed into it. But no one did. There was a solid door, then a hole appeared from thin...
Self Storage- Caught You!!!
Tuesday, January 25
Security system update 01/2022: Had some break ins 3 weeks in a row about 2 months ago. Was once trying to get into storage units and twice going thru our RV and vehicle parking. I actually dislike RV and vehicle parking because they are so easy to break into, hard to see they are broken into ver...