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Self-Storage Industry Articles & Information
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eMail Your Article or Industry Information to
diane@selfstorages.com |
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How To Buy A Self-Storage Facility Properly - NEW
Buying a self-storage facility is a lot harder
than you think – particularly if you want to make money with it. Over the
years, there are some basic traits that separate winning facilities from
losers. And that genetic code is hard to break. Frank Rolfe -
Feb 2010 |
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How To Make Money In The Self-Storage Industry -
NEW
There is a ton of bad information out there on the self-storage or
“mini-storage” industry. Contrary to what you may read, there is virtually
no money in building new facilities or buying them at a 7% cap rate. If you
really want to make money in self-storage, you have to put in significantly
more work, and follow a different game plan entirely. Buying an established
facility with good occupancy at market rents will not lead to great riches –
only endless concern over making the note payment. The way to success is
much more basic. Frank Rolfe - Jan 2010 |
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Why You Can't Manage A Self-Storage Facility From Just A Kiosk
There is urban legend going around, created by some “gurus” trying to sell
their books, that you can manage an entire self-storage facility from a
“kiosk”, basically a walk-up automated teller like an ATM machine. Although
the concept of having a “robot” manage a self-storage facility is attractive
from a cost-savings and low management perspective, it is, unfortunately, a
fantasy with about as much practicality as the photon torpedo out of Star
Trek. The reasons you cannot manage a
self-storage facility from a kiosk are numerous....
Frank Rolfe - Dec 2009 |
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Personal Self Storage Solutions for Home owners and Students
Self storage companies provide storage space to residential and home users
who look for extra storage space to store their belongings. Personal self
storage companies can take care of all your storage needs, whether you want
to store your sporting good, seasonal possessions, valuables, old piece of
furniture or a piano, student storage possessions or belongings and
furniture at home which you need to clear to de-clutter your home for a sale
or for moving to a new house.
Bernard McAvinue [ STORE IT ] Ltd. 11/19/08 |
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Is Self
Storage Beneficial for Businesses and Offices?
Self Storage companies provide
storage space to home users where they can store personal items like
furniture and other belongings to make space at home. Self storage
facilities can also be used for commercial purposes by businesses and
offices to store extra equipment, machinery and furniture lying around the
office. Bernard McAvinue [ STORE IT ] Ltd. 11/17/08 |
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WHY ARE SELF
STORAGE UNITS A GOOD INVESTMENT
Self Shortage Units are attractive to both buyers and
lenders. Operating and maintenance costs are low and the ROI (return on
investment) is comparable or higher than multi-family units and mobile home
parks, which we also finance. The initial investment is 1/4 to 1/3 of other
investments, and ongoing improvements are minimal... Buddy
Dufau Residential and Commercial Mortgage Co 03/06/08 |
Chicago, IL, January 31, 2008 Beacon Realty Capital,
a commercial real estate financial services firm with a specialized
self-storage lending group, announced it closed a record-setting
$166,754,300 in self-storage property transactions in 2007, amidst a
changing and challenging capital market environment...
Kathryn Gremban Beacon Realty Capital, Inc. 12/31/07
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Investing in Self-Storage
Facilities: An Overview
For more than thirty years, an ever growing number of people from different
walks of life have elected to become involved in self-storage investment...
Richard Stephens SelfStorages.com 12/31/07 |
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Self Storage Books and Resources
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Self
Storage Financing Quote
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The self
storage unit in Maynardville, TN sold yesterday.
Thank you so much for your wonderful site. It
works. It really does. We
had a broker in town work for a year to sale it
and not until we listed on this site did we
finally get the result we wanted. Thank you very
much.
The Zeppelin's
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I had my listing for a mini storage on your
website and I was honestly impressed by the
number of calls that I got from qualified buyers
that found my listing on your site. You must be
advertising in the right places. I've since sold
my mini storage listing and I'm currently
working a few of these buyers to help them find
other mini storage facilities for sale. Thanks
for your help.
Richard Rasmussen Designated Broker
Sunbelt Business Advisors, LLC.
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