Why Should You Consistently Raise Rates on Your Self-Storage Facility?
Monday, June 06
When you are looking into a self-storage facility you need to consider the fact that you are going to be raising your rents on a regular basis. You may be building or buying in an area where the current owners haven’t raised their rates in 15-20 years. They have completely paid off their propert...
How to Determine if There is Demand for Self-Storage in your Location!
Friday, June 03
Anytime you are thinking of building a new self-storage facility or converting a building into self-storage you need to make sure that the market will support another facility. You don’t want to build in a market that is already completely saturated or even oversaturated because you will have a ...
How to Turn Your Self-Storage Dream Into a Reality!
Wednesday, June 01
You found a great piece of land and the seller has accepted your offer, there is just one last obstacle to overcome, you need to get a zoning variance. Hopefully you have given yourself a long due-diligence period because you are going to need time to find out if you can get all the approvals th...
Determining the Potential Value of a Vacant Site for Self-Storage
Monday, May 30
When you are sitting in front of a vacant lot trying to decide how much to offer the seller, you need to know what your potential net operating income is going to be. If you don’t know how much income that land can potentially generate, then you can’t make an offer on the property. You need to be...
How Many Units of Self-Storage Can I Put on an Acre of Land?
Friday, May 27
When you are looking at a piece of property trying to determine if it is a good investment for your self-storage project, you need to be able to roughly estimate how many units you can put on that piece of land. The first step is to estimate the amount of square footage that you can build for a ...
How Much Self-Storage Can I Build on an Acre of Land?
Wednesday, May 25
When you are looking at a piece of land, there are so many things that you have to take into consideration to know whether or not it will work for your self-storage project. You need to know if it is zoned correctly or if you can get a zoning change that will allow you to build there; and you ne...