LandPark Advisors, LLC expands its Houston office with a new hire, Will Parisi, to focus on self storage acquisitions and the expansion of LandPark’s self storage management division, Right Move Storage.  President of LandPark Advisors, LLC, Bill McGrath said “LandPark and Right Move have been moving aggressively to expand its acquisition and management platform by seeking out top-tier talent to deepen its ranks of commercial real estate professionals. Will is an outstanding addition to the team and will bring a wealth of knowledge and experience that owners will find very…

Imagine a pile of bills lying on a kitchen table. Buried somewhere below the mortgage bill, car note and utilities lies the storage invoice. It is not necessarily the highest on the list of priority bills, especially in a time like this where funds are tight and bills are stacking up. How can you move your invoice to the top of that list? Are there sure-fire steps to make sure your invoices are at the top of the pile? Although there is no magic formula, the following outlines best practices…

In a year filled with challenges, uncertainty and rapid change, gratitude has never been more important to keep in focus. I apologize in advance to sound cliché, but it is impossible to be grateful and unhappy at the same time. Therefore, I kindly urge everyone reading this to be extremely thankful being in the self storage sector. Amazingly, right now seems to be some of the best timing for both buyers and sellers. I believe I have seen more win/win transactions in 2020 than I have in my last eight…

It is nearly 2021 and most people are likely eager to watch the clock tick away the final moments of what has been a year of unprecedented challenges. When the global COVID-19 pandemic officially reared its head on American soil in early March, fear and uncertainty ensued.  To remain operational, we at StorQuest quickly altered their business procedures to adhere to the new guidelines.  Existing technologies such as call centers, kiosks and online tools for contactless rentals and payments proved advantageous to combat the stay at home orders. Swiftly reacting…

Ready for some good news? Never have prices been higher for self storage properties, either in absolute dollars, per square foot or in relation to the income they produce. For the last several months we have been talking about how the self storage sector will perform through the pandemic and resulting recession. With all of the hype surrounding the self storage sector today and a record amount of capital seeking safety and consistent yields, self storage is once again proving to be a CORE asset due to its long-term performance…

The self storage industry has displayed tremendous resiliency amid the COVID-19 pandemic. The third quarter was very positive considering the current state of the market and what results we saw in the second quarter. Rental rates in the market were trending upwards as demand for the product was increasing. Move-in rates were starting to turn positive year-over-year (YoY) and occupancies were at an all-time high across all the REITs with move-outs at a low point.  Operating fundamentals in Q3 turned around from Q2. Rental income and net operating income (NOI)’s…

Absolute Storage Management (ASM), a leading third-party management company for self storage facilities in the United States, announced operating results for the three months ended September 30, 2020. 2020 Highlights for Three Months Ended September 30, 2020:  Increased same-store revenue by 1.2% and net operating income (NOI) of 1.4% in the same period in 2019.  Acquired eight (8) management contracts: three (3) operating facility and five (5) facilities at the completion of construction.  2020 Highlights for Nine Months Ended September 30, 2020:  Increased same-store revenue by 1.1% vs. the same…

Growing your Facebook presence can seem like an overwhelming task, but it does not have to be. Follow these simple tips and watch your Facebook likes flood in!  Have a Complete and Engaging Page: Make sure your page is professional, up-to-date and representative of your brand’s personality. Ensure business hours, contact avenues, location and other pertinent information is accurate and use a fun, brand-centered profile picture and cover image to add to the page cohesion. Interact With Your Audience: Social media users love when their favorite brands are accessible and…