Cyber Security Measures You Need to Implement Now

By Shane Carlson, Technology Manager When was the last time you evaluated your cyber security measures?  Cyber security entails so much more than just having anti-virus software on your computer – it requires knowledge and attentiveness. The tools are important and you need reputable and reliable cybersecurity programs and software, but it is just as important to educate yourself and your team on what you should and should not do.  Cyber Security Practices To Implement Encrypt your emails. Are we sending sensitive information such as bank information through emails?  If…

Why User Engagement Is the New Key to Your Website’s Success

Do you know how many people come to your website every day? Or how many go on to make a reservation or become a lead? If you have set up Google Analytics on your website, you may already have these answers and you can also see how well your website is performing over time. However, Google is retiring their existing version of Google Analytics, in favor of Google Analytics 4 (GA4), on July 1, 2023. This change will have little to no impact on how your customers interact with your…

How Cloud Computing Differs from On-Premise Technology

Historically, on-premise technology — software installed on servers owned by the company and located behind the company’s firewall — was the only way to access advanced programs and systems. The organization purchased a license or copy of the software and then manually updated the software when the provider released new versions. Another option for hosting critical programs involves using cloud computing technology. Cloud technology allows companies to host programs offsite through a third-party application. Although this difference may seem insignificant, utilizing a cloud-based solution has advantages over its on-premise counterpart.…

Tips for Boosting Self Storage Tenant Insurance Enrollment

Striving to make sure each and every one of your tenants is covered by a tenant insurance policy not only protects your customers’ best interests, but also your own. Many customers storing items outside their home may assume their goods are covered by their existing homeowners or renters policy. But that isn’t always the case and when it is, the coverage isn’t always sufficient. When tenants who have suffered a loss realize they lack coverage, they often turn to the facility operator to place blame. Although self storage operators are…

Reeling in Recruits

Demand for workers has been a prevalent topic across the nation in recent months. We have seen more and more opportunities become available to job seekers, meaning more options for employment and a greater need to convince applicants that your company is the place to be. With that being said, how can the recruiting process be adjusted to show greater success? Try Texting Consider communicating with candidates primarily through text. Let’s face it, the spam folder located in everyone’s email inbox is filled to the brim with messages that are…

Bonus Depreciation Benefits Are Being Reduced: What Does This Mean for Self Storage Owners and How Can You Take Advantage Before It’s Too Late?

Janus International Group, Inc. (NYSE: JBI) (“Janus”), the leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self storage and other commercial and industrial sectors, today announced that bonus depreciation benefits are being reduced, what that means for self storage owners and how they can take advantage of it before it’s too late. While to some in the self storage industry, cost segregation studies may seem like a bourgeoning concept, the truth is, owners have been taking advantage of the significant tax benefits…

Second Quarter (Q2) Results for Absolute Storage Management

Absolute Storage Management (Absolute), a leading third-party management company for self-storage facilities in the United States, announced operating results for the three months ended June 30, 2022. 2022 Highlights for Three Months Ended June 30, 2022: Increased same-store revenue by 17.7% vs. the same period in 2021. Acquired twelve (12) management contracts: nine (9) operating facilities, some from previous REIT management, two (2) facilities at the completion of construction and one (1) property as a result of receivership. 2022 Highlights for Six Months Ended June 30, 2022: Increased same-store revenue…

What Is Cloud Computing and Why Does It Matter for Self Storage?

Researchers predict the global cloud computing market size will be worth more than $1,630 billion by 2030. As of 2019, approximately 94% of companies used cloud computing within its operations. This estimate includes usage among small and medium-sized businesses. There are cloud computing services available for businesses of any size. What Is Cloud Computing? In a nutshell, the term “cloud computing” refers to the process of accessing data or software programs over the internet instead of using a server or computer located on your premises. The cloud enables total access…

Preparing Your Storage Operation for What Comes Next

With yet another summer leasing season underway, the self storage industry is off to a solid start. A recent report from Storable showed that operators started leasing season in May with record high rental rates, with an average monthly unit price of $111.31 per square foot. Rates continued to rise through June reaching $115.88 per month average for all unit types. Operators started the leasing season with record high occupancy as well. The report found a healthy rate of churn through May and June, suggesting that tenant demand is holding…

Cyberattacks Against Self Storage Are on the Rise. Here’s How to Stop Them

Since the pandemic started, self storage operators have been under increased threat from cyberattacks. Storage operators are not alone. All small and medium-sized businesses have endured increased sophistication and frequency of cyberattacks over the last couple years. But as an industry, self storage has been a latecomer to the digital landscape when compared to other sectors like retail. The rush to move to contactless operations and offer online rentals had many storage owners dealing with a level of risk and exposure to cyberthreats that they weren’t quite prepared for. For…