Due
Diligence
is King
Oftentimes newcomers to the self storage industry have heard that there is a great return on investment to be made in storage but are not sure where to begin. While the answer to this question depends on many project-specific variables, there is a short and sweet answer. Do your due diligence. The importance of this can not be overstated.
Barriers to Entry
for New Self
Storage Development
The word is out, there’s money to be made in self storage. Some even consider it to be recession-proof, driven by life-changes including downsizing, divorce, death, and more. What are some of the challenges developers of new storage facilities face today?
Maximize Efficiency
and Minimize
Costly Mistakes
Times are good for the self-storage industry. While new storage construction is still going strong, expansions to existing facilities and conversions often offer storage owners an opportunity to break even on their investment in what is often far less time than new construction. Here are a few things to consider when planning an expansion or conversion project that will help the process go smoothly.
