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Scott Meyers
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Why is Self Storage Suddenly So Hot!
Investors in self-storage stocks finally have some gains to stow away. The four real estate investment trusts that together own and operate about 12 percent of the facilities nationwide – most of the other properties are mom-and-pop operations – has soared about 31 percent, on average, this year through Thursday, after finishing 2007 with a …
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The Self-Storage Investor’s Dilemma – To Buy or to Build?
This is one of the most common questions I receive when I begin working with my clients. Mostly because the common path presented in the industry is to build. And although it’s profitable, it isn’t the only way to get into the business, and as I’ve outlined below, it is feasible to do both. But …
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The Future of Self Storage
As we look to the future of self storage, it’s very clear that the future looks bright. There are a few trends afoot backed by solid industry data that justify my positive outlook on this high growth industry. These trends are as follows: Increasing Demand The U.S. Population is predicted to reach 400 million by …
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Tenant Insurance Win-Win in Self-Storage Facilities
Most homeowners or apartment renters insure the possessions in their dwelling from theft or damage – but many don’t think that far when it comes to self-storage space. As a self-storage facility owner, you have a responsibility – and an opportunity – when it comes to making sure your customer’s possessions are protected. There are …
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Seven Tenets Of A Great Self Storage Workplace
I often consider the concept of a workplace and what in particular defines it. What makes it remarkable? What makes it distinguished? Particularly, what prevailing elements do workplaces in general share that might be deemed outstanding or unrivaled? Putting aside preconceived notions of larger versus smaller companies or of viability in any particular industry, I …
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Self-Directed IRA’s For The Self-Storage Industry
Did you know there are several different ways to raise the cash for the down payment on your self storage facility? One of which I will caution: I DO NOT recommend or approve of 100% financing or the “No Money Down” deals that you have seen on TV or heard of by other authors and …
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Self Storage Business Step 1: Securing A Loan
From the outside looking in, the self storage business can often look intimidating. Especially in an economy where it’s difficult for anyone to get a loan, particularly first time property owners. However, there are steps that you can take to make getting into the self storage business easier and less stressful. First of all, it’s …
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Self Storage – Investors Should You Hire A Manager?
Self Storage is a business where a tenant rents out a unit or space from a storage facility for personal or professional use. He can access it anytime while he’s renting it. Here in the self storage investing business there are many important aspects to keeping your business in line. However, perhaps none are more …
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Self Serve Kiosks
To compete in today’s economic environment, many self-storage operators are turning to technology to lure customers to their facilities and provide superior service once they sign on the dotted line. Industry studies show the increasing usage of technology in facilities of all ages. Self-storage operators are employing the Internet for marketing, rental payments and online …
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Reduce Your Self Storage Customer Acquisition Costs
What could be better than gaining a new customer? A new customer that pays a monthly rental fee, purchases supplies, and tells everyone they know about your company. You would think, “not much more”! But actually there is more you could ask for. Think about the cost of acquiring this customer. What if it could …
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