Author: Shinil Krishnan

Self Storage Opens with Professional Management in Graniteville, SC

Local owners of Boxville Storage proudly announce the opening of the self-storage facility at 7060 Midnight Pass Graniteville, SC 29829. This facility, being managed by Absolute Storage Management (Absolute) features 718 units totaling 75,440 rentable square feet. It offers safe and secure non-climate unit options to the local communities of Warrenville, Midland Valley and Graniteville. BVS Graniteville SC, LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services, and the facility is officially under Absolute’s management as of October 21, 2024. Residents and businesses in the…

Featured Vendor: Storage Authority Franchise

With more than 20 years of experience in real estate and self-storage management, Garrett is driven by his belief that nothing is impossible. His style is to break complex challenges into manageable tasks, then to handle the tasks carefully and completely one at a time. This solution-oriented approach enabled Garrett to repeatedly score significant gains in occupancy, revenue, and profits at self-storage properties he managed. For example, before joining to Storage Authority, while guiding a firm with 14 storage facilities, he grew occupancy at one underperforming location from 63% to…

Self-Storage Facility Gets Green Light in Levittown, PA

Bristol Township Council has given the green light to final land development plans for a self-storage facility in the Levittown section. Council approved Bristol Realty Group’s plan to build a self-storage facility on a portion of a 2.28-acre property at 1502 to 1510 Haines Road. The property located at 1502 to 1510 Haines Road in Levittown has a history of automotive use and has served as a storage site for old cars. Bristol Realty Group’s plan for the site includes the construction of 113-unit self-storage units, which will be placed…

Combating Crime: 5 Tools To Protect Your Property And People

Ask anyone in the self-storage industry what their biggest concern is today, and most of us will list break-ins at or near the top of the list after seeing a rise in criminal activity at facilities over the last 5 years. In fact, according to a recent survey by Janus International, 85% of self-storage owner-operators say that theft and break-ins are top of mind, and 57% report that they’re dealing with repeated break-ins. But it doesn’t have to be this way. With cutting-edge technologies and services, you can address vulnerabilities…

SBA 504 Refinance Rule Changes

The SBA’s rule changes, effective November 15, 2024, will help loan clients in a number of ways, including making it easier to refinance debt. Also, the new rule change broadens the way businesses can use funds through refinancing, especially when they’re looking to expand. 1) For Stand-Alone Debt Refinance (Without Expansion): The loan-to-value limit is now up to 90% in all cases including requests for ‘cash out’ for other business expenses and special use properties. In addition, the 20% LTV cap on cash out for other business expenses is GONE!…

Storelocal Storage of McClellan Park, CA, Migrates its Operations to the Tenant, Inc., Self Storage Technology Platform

Storelocal Storage McClellan Park is a state-of-the-art storage facility that serves the North Highlands, Arden-Arcade, Rio Linda, Antelope, and Citrus Heights areas. To provide the best user experience to their tenants, and to streamline operational efficiencies, they have migrated their facility to Tenant, Inc.’s complete technology platform offering, including the Hummingbird Property Management Software platform. Tenant, Inc.’s suite of technology products is purpose-built specifically for the self-storage industry, allowing storage owners to provide a significantly improved user rental experience, advanced website security, and convenient, secure payment processing. “Storelocal in McClellan…

Self Storage Opens With Professional Management in Niceville, FL

Local owners of The Storage Place proudly announce the acquisition of the self-storage facility at 800 White Point Road Niceville, FL 32578. This facility, being managed by Absolute Storage Management (Absolute), features 493 units totaling 65,414 rentable square feet. It offers safe and secure climate-controlled and non-climate unit options to the local communities of Valparaiso, Destin and Niceville. NFO Group, LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services, and the facility is officially under Absolute’s management as of August 9, 2024. Residents and businesses…

Self Storage Opens With Professional Management in Douglasville, GA

Local owners of Silo Self Storage proudly announce the opening of the self-storage facility at 9081 Georgia 5 Douglasville, GA 30134. This facility, being managed by Absolute Storage Management (Absolute), features 451 units totaling 63,525 rentable square feet. It offers safe and secure climate-controlled unit options to the local communities of Marietta, Town Center and Douglasville. Douglasville Self Storage LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services, and the facility is officially under Absolute’s management as of October 7, 2024. Residents and businesses in…

Recent Transactions: 10.15.2024 – 10.21.2024

The self-storage transactions from October 15-21 highlight diverse market dynamics, with buyers targeting regions offering unique advantages. The deals in Glenmont and Corning, New York reflect demand in smaller, less saturated Northeast markets where stable local needs make properties appealing. In Dallas, Texas, the acquisition of Absolute Self Storage, underscores the city’s growth, driven by a strong economy and expanding population. Meanwhile, the sale of a five-property portfolio in Michigan and Wisconsin totaling 73,358 square feet at $3.9 million highlights the attractiveness of the Midwest, where lower acquisition costs and…

Declined?…

‘DECLINED’…few words in the English language create anxiety more than that one. It can be a college entrance application, a new car loan or a mortgage, it’s simply not fun to hear that word. It brings up all sorts of questions, ‘…was it my late library book in 2019, that new computer purchase at the big box store when I got behind in the payments years ago or the recent late on the department store credit card when my dog ate the statement?’ When it comes to mortgage loans, credit…