Category: Sponsored

By now, we’ve all heard a great deal about everything “smart.” Smart technology, smart buildings, smart solutions, and so on. But do we really understand what “smart” truly entails? In the world of self-storage, some of the first things that come to mind are features such as smart locks, remote gate access, and even remote climate control. Those are absolutely correct and are all important features in an increasingly smart world. But building smart is so much more. It combines infrastructure strategy with the newest technological innovations to create a…

Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, is introducing two new roll-up door solutions (the “NS Series”) engineered to provide a heightened level of safety and security for self-storage facilities. The NS Series incorporates an enhanced design that includes anchored guides on the floor, ensuring stability and durability. A robust lower bar, equipped with secure clips that smoothly glide within the guides, combines with firmly anchored…

As any industry matures it is natural to see consolidation. Whether it’s the early days of the auto industry, steel, oil, banking, you name it, and maturing industries go through a process of consolidating. So, where is the self-storage industry? Although personal storage as an industry was purportedly started in the US by Bekins (Bekins Van & Storage Co.) in the 1850s, the advent of “individual storage units” started around 1964 in Texas. Public Storage was started in 1972 and an industry was born. Today there are somewhere between 52,000…

Absolute Storage Management (Absolute) is honored to announce its third recognition as “Best of Business” by Inside Self Storage, being named the 2024 Best of Business for Operational Consulting. This prestigious accolade highlights Absolute’s dedication to excellence and expertise in the self-storage industry, solidifying its position as a leader in providing exceptional management services. “This recognition by Inside Self Storage is a reflection of our team’s hard work and our clients’ trust in our expertise,” said Scott Beatty, CEO and one of the founders of Absolute. “We are thrilled to…

At one time, remotely managed facilities were the future of the self-storage industry. But not anymore. That’s right, the future is now for remote management. This model helps maximize both profits and time, keeping you several steps ahead of the competition in the race for customers. And when it comes to races like that, a quote from Will Ferrell’s iconic character from the film Talladega Nights comes to mind: “If you ain’t first, you’re last.” In case you’re unfamiliar with the concept of remote management, it refers to cutting-edge technology…

Storage Authority provides you with detailed information and guidance to both understand and implement these tips to find superior properties faster. As you look for land it is critical to understand the land mines so you can avoid them. Here are 10 traps: https://www.storageauthorityfranchise.com/post/10-real-estate-traps-for-self-storage-developers 1.Start looking for land today! Don’t wait until you are a land expert. This day may never come. 2 hours a day = 14 hours a week = 728 hours a year. This is the number one key to finding land. Storage Authority Franchise owners have…

With the Small Business Administration (SBA) 504 loan program, the property only needs to appraise at 90% of the total costs. This buffer can overcome regulatory loan-to-value restrictions for your financial institution. Consider this case study: A prospect wants to buy a $1,000,000 building. You propose lending 80%, or $800,000. However, the appraisal comes back at $900,000. Using the 80% LTV limit, your loan would be restricted to $720,000, requiring the prospect to bring an additional $80,000 in cash, potentially killing the deal. The SBA 504 program allows for a…