self-storage financial »

Looking at the pros and cons of CMBS loans

Looking at the pros and cons of CMBS loans

Beth Mattson-Teig June 23, 2015 0

Self-storage operators looking to finance or refinance properties are weighing the pros and cons of CMBS loans. “Self-storage is an asset class that is easily financed by CMBS,” said Robert Russell, head of CMBS

Read More »
4 tips for reading the competitive landscape when buying, building or expanding

4 tips for reading the competitive landscape when buying, building or expanding

John Egan March 2, 2015 0

The New England Patriots didn’t win this year’s Super Bowl without thoroughly assessing their rival, the Seattle Seahawks. Well before kickoff, Patriots head coach Bill Belichick, quarterback Tom Brady and other members of the

Read More »
Your 4-point financial checklist for buying, building or expanding in self-storage

Your 4-point financial checklist for buying, building or expanding in self-storage

John Egan February 23, 2015 0

Of course, you know about the principle of supply and demand. Well, it’s very much in play right now in the self-storage industry. After several years of rapid growth and little new supply, many

Read More »
Year-end tax tips for self-storage operators

Year-end tax tips for self-storage operators

Glenda Vosburgh December 18, 2014 0

You’ve barely shouted “Happy New Year” and made your New Year’s resolutions when it arrives—Tax Day, April 15. Experts warn that the 2015 tax season could be a challenging one, thanks to pending congressional

Read More »
To understand the value of a self-storage facility, you’ve got to know NOI

To understand the value of a self-storage facility, you’ve got to know NOI

Emmet Pierce July 21, 2014 0

If you’re looking into buying, selling or refinancing a self-storage facility, one of the most important things you need to do know is the business’ net operating income (NOI). Without an accurate NOI, you

Read More »
14 tips for maximizing revenue during busy season

14 tips for maximizing revenue during busy season

John Egan June 17, 2014 0

As you’re fully aware, busy season in the self-storage industry is in full swing. Now, you can fret all you want about the extra traffic coming in the door, but that won’t do any

Read More »
5 ways for your storage facility to save money

5 ways for your storage facility to save money

Emmet Pierce June 4, 2014 0

If you’re not keeping close track of your self-storage facility’s finances, you may be wasting thousands of dollars a year. Unnecessary spending can siphon away your profit. “The biggest bang for your buck is

Read More »
Is it time to refinance your self-storage property?

Is it time to refinance your self-storage property?

Liz Wolf June 2, 2014 0

For self-storage owners looking to refinance—either because a loan is maturing or they want to take advantage of historically low interest rates—experts say it’s a good time to lock in an attractive long-term fixed rate. Many

Read More »
7 tips for borrowing money from family and friends

7 tips for borrowing money from family and friends

Deb Hipp May 7, 2014 1

Thinking about asking Grandma for a loan to expand your storage facility? If you are, you wouldn’t be the first entrepreneur to reach out to a relative for money. Seventeen percent of small business

Read More »
5 signs that your facility’s rental rates are too low

5 signs that your facility’s rental rates are too low

Deb Hipp May 6, 2014 0

Are you afraid your facility will see a mass exodus of tenants if you raise your rental rates? If so, you’re not alone. Most self-storage businesses take a “fear-based approach” when it comes to

Read More »