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…
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Absolute Storage Management’s Best of Business Recognition and 22 Year of Excellence
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…
Remotely Managed Facilities – The Future Is Right Now
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…
StorQuest Partners with Nonprofit Allies SeaTrees, Sustainable Surf and StorQuest Ambassador Abe Kislevitz for International Surfing Day EcoBoard Giveaway
StorQuest Self Storage has embarked on a significant creative partnership with environmental nonprofits and sustainability-minded surfers. This collaboration, designed to celebrate International Surfing Day, was marked by an Eco Surfboard Giveaway. The aim was to ignite conversations about sustainability within the surfing world and beyond. StorQuest brought together a team that included the nonprofit SeaTrees, a leading organization in marine ecosystem restoration, Sustainable Surf, a pioneer in sustainable surfing practices, and renowned action sports influencer Abe Kislevitz and surfboard shaper Ryan Harris. The fortunate winner of the giveaway contest, Ryan…
20 Finding Land Hacks I wish I had known Sooner – By Marc Goodin, Founder of Storage Authority
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…
JLL Capital Markets Arranges Financing for Dallas-Area Self-Storage Facility
Anna Self Storage is an 840-unit property located in Anna, Texas We’re always looking to bolster our portfolio with strategically-located assets in our backyard. We remain especially bullish on the long-term prospects for the DFW metroplex. The Anna acquisition adds to our existing portfolio in the area, and further represents the opportunity to own the premier storage facility along the I-75 corridor.” – Jonathan Vollinger, Director of Acquisitions at HPI JLL Capital Markets announced today that it has arranged financing for Anna Self Storage, an 840-unit self-storage facility in Anna,…
Argus Self Storage Advisors Welcomes New Broker Affiliate for The State Of Michigan
Argus Self Storage Advisors is pleased to welcome Kevin Friedman as its Broker Affiliate representative for the state of Michigan. Kevin is the owner and principal broker of Hayes Ventures LLC in Bloomfield Hills, MI and has been transacting in the self-storage sector exclusively for over a decade. He specializes in the acquisition, disposition, and valuation of self-storage properties of all types and sizes. Kevin is dedicated to delivering exceptional value and service to his clients while collaborating with them to achieve their sales and acquisition goals. Before forming Hayes…
Reduce Down Payments and Overcome Appraisal Shortfalls with SBA 504
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…
Pogoda Awarded Two New Management Contracts in Detroit, MI and Dayton, OH
Michigan-based Pogoda Companies, a leading provider of self-storage management services, is pleased to announce two new management contracts in Detroit, Michigan and Dayton, Ohio. National Storage Detroit – New Center, Detroit, Michigan National Storage-New Center has 19,200 square feet of climate-controlled space in 189 units with room to expand. This Detroit location is nestled within the bottom two floors of the historic Albert Kahn building and was the former home of Saks Fifth Avenue. National Storage Dayton – Woodman Drive, Dayton, Ohio National Storage-Woodman in Dayton, Ohio has 68,200…
Storage Authority Welcomes Kevin Harless to the Team as the Director of Development
To meet Storage Authority’s rapid expansion demands, we continue to employ the industry’s most talented experts from the self-storage trenches. Join us in welcoming Kevin Harless to the Storage Authority team as the Director of Development. “Kevin’s over 15 years of experience at U-Haul and self-storage consulting brings incredible value to our franchisees.” Marc Goodin Kevin’s extensive experience in self-storage development, knocking on doors, technology, and property acquisitions will bring the Storage Authority development platform to new heights. Storage Authority is the only self-storage franchise in the US. They have…