One path to self-storage ownership for new investors is the purchase of an underperforming property that can be turned around to realize great profit. Follow these guidelines to find your “diamond in the rough.”
Breezy Hill Self Storage Opens in Graniteville, SC
Update 11/10/17 – Breezy Hill Self Storage opened its doors on Nov. 1 in Graniteville, S.C. The property at 200 Bettis Academy Road comprises 87,000 square feet of storage space in 550 units, half of which will be climate-controlled. It also cont…
UK Self-Storage Operator Safestore Releases Financial Results for 6-Month Period Ending April 30
U.K. self-storage operator Safestore Holdings PLC has released its financial statement for the first half of its 2017 fiscal year, which ended April 30. The report indicates Safestore experienced growth in revenue, rental rates and occupancy at its sel…
9 Cats Left Abandoned in Palm Springs, CA, Self-Storage Unit
Nine cats were found earlier this month locked inside a unit at a StorAmerica Self Storage facility in Palm Springs, Calif. All of the animals were contained in crates. One of them died before being rescued, while the others were taken to the Palm Spri…
Attic Self Storage of London Launches UK’s First Interactive Street Art Space
Attic Self Storage, an English operator with two facilities in the Greater London Area, is partnering with two local art schools to launch Market Road Gallery, a bookable, outdoor, interactive art space at the storage operator’s King’s Cros…
Man Intentionally Floods Oakland, NJ, Self-Storage Facility
Police have arrested a man who allegedly flooded the interior of an Access Self Storage facility in Oakland, N.J. Security footage shows Matthew Guarriello, 21, turning on the bathroom sink at the property at 21 Raritan Road and rerouting the water ont…
Florida Governor Signs Update to Self-Storage Lien Law
Florida Gov. Rick Scott signed an update to the state’s self-storage lien law on June 9 that enables storage operators to issue late fees, conduct lien auctions online, place value limits on stored items and have motor vehicles towed. House Bill …
Calling for Speakers for the 2018 ISS World Expo!
We’re accepting speaker proposals for the 2018 event, April 3-6, at the Paris Hotel & Resort in Las Vegas. If you’re interested in presenting an education seminar, submit a proposal now! The deadline for submissions is June 30.
Why Pinterest Is Good for Your Self-Storage Business
With 176 million registered users, Pinterest could be the next marketing frontier for self-storage operators. Learn more about how this growing social media platform can be good for your business.
Where to Build? Factors That Make a Desirable Self-Storage Site
When developing a self-storage facility, one of the biggest decisions is where to buy land. Here are some of the characteristics successful developers seek in a parcel.