Industry News

Have you ever heard that there is safety in numbers? Typically when folks use the phrase, they are talking about passing through bad neighborhoods at night, but it applies just as much to going into business in the self storage industry. Not that the self storage industry is dangerous, but going into business by oneself can be scary. Having others to help with the decision-making can take a lot of the pressure off. For example, when Jon Miller, Rob Margheim, and Dustin Ertelt decided to partner up and enter the self storage industry in...

Businesses experience many milestones over the years — the first customer, first dollar made, the first 10 years in business. Extra Space Storage (EXR) has recently reached one of these significant new milestones. Trade-Ideas LLC identified Extra Space Storage as a new lifetime high candidate in the stock market. They gave this designation based on the following factors: •    EXR has an average dollar-volume (calculated by share price multiplied by average daily share volume) of $45.6 million •    EXR has a high of trading...

Location is one of the biggest buzz words in the self storage industry. Choose the right one and the chance of success is high for a facility. Choose the wrong one and failure is all but guaranteed. So when Southern Self Storage was thinking of opening a new facility it made sure it picked the right location. It decided to bank on the fastest growing metro area in the country, a community near Oxford, Florida, called The Villages. “When the opportunity presented itself to purchase in a community that’s growing as rapidly as The Villages...

Access Self Storage in the UK is supporting the Children’s Adventure Farms Trust’s (CAFT) upcoming Christmas parties. Access Self Storage wants people to donate new or gently used Christmas decorations such as trees, tree ornaments, lights, bells, and stockings. Donations can be dropped off at special drop-off points at any of their 53 stores. The decorations will be donated to CAFT, which offers farmyard outings, holidays, and Christmas parties for terminally ill, disabled, or disadvantaged children. Organized in 1985, the Children’s...

Before Sam Rosen founded MakeSpace, he had a bad experience trying to find something that he had recently put in a self storage unit. That frustration got him thinking. A person could look online in Dropbox to find a photo or a file or look online through Spotify to find a song or album. He wondered why people couldn’t do the same thing with the items stored in a storage unit instead of having to spend a Saturday going to a facility. His frustration led him to found MakeSpace. Customers pack their items in a durable plastic bin from...

Many self storage companies do their best to be a one-stop shop for their customers’ storage needs. Most self storage facilities will offer a selection of complimentary products for sale that will make the process of moving in to a facility easier. Some will even offer the use of moving equipment and even a van or truck. Attempting to be a one-stop shop is not uncommon for businesses. In fact one Minneapolis moving company is hoping to be just that for its customers thanks to a recent acquisition. The Beltmann relocation Group has purchased...

For some the lack of funds has been the only thing in the way of pursuing a dream, but thanks to crowd-funding sites like Kickstarter.com it is possible to raise that money now. The concept has been pretty successful too with all sorts of things getting funded. So how about acquiring a self storage facility via crowdfunding? That is exactly what Realty Mogul aims to do and recently did when it helped Store Smart Self-Storage acquire a facility in Melbourne, Florida. A group of investors through Realty Mogul combined to provide more than...

Storrage, a self storage company in Seattle, is “marrying” the self storage industry with technology — particularly mobile platforms. Many of their current and prospective customers use mobile technology daily. Take Monica, for instance. Monica holds up her smart phone. “This is my ‘laptop.’ I take it everywhere I go and use it for everything — phone calls, surfing the web, buying things, texting, checking social media. It’s my lifeline to the world.” With this in mind, Storrage recently launched their Daylight...

As kids we are often told to shoot for the stars. The idea is to teach us not to be afraid to try something. You never know how good you can be till you try after all. A self storage company in the United Kingdom appears to be using the same kind of philosophy. Store First is a relatively new player in the UK self storage market having begun operations this year. According to their projections they plan on becoming a major player in the industry within the next few years. The company recently opened its 11th and 12th facilities and has...

October has been designated Wine Month in many states across the country. In Texas, residents have celebrated this occasion for 15 years. Proguard Self Storage, located in Houston’s Museum District, will celebrate by offering customers three months of free wine storage when they pre-pay for three months. This special runs through the end of the October. Many people do not realize that Texas has a booming wine industry. In fact, the Lone Star State was home to the first vineyard in North America. A Franciscan priest brought grapevine...