General Articles

How to Operate a Self Storage Business and Make a Profit

How to Operate a Self Storage Business and Make a Profit

The question that haunts most, if not all, of the self storage business owners, both past and present, is the one about profiteering. The self storage industry requires intelligence, patience, personality, mathematical ability, and above all, a good sense of salesmanship or sales womanship. See, that example right there is what it is all about, equality and equitable sales acumen. The answer to how to make a profit in the self-storage business is not so complex that it cannot be either learned or expanded upon. There is always room for improvement, always.

Basics are Important

In order to make a profit and a very sizable one at that, one needs to be able to understand the basics of what makes a great business. The foundation that has sent sole proprietorships into franchise heaven is the same across the board in the self-storage business atmosphere. Good business plan, sound financials, great customer service, fantastic sales figures, and a winning attitude are all points of light for the business that makes a big splash. The amount of effort that is placed into an efficient self storage business is immense and never ending. The big boys in the industry, such as U-Store It and Bob’s self-storage both have that winning edge and retain the market share by never letting up. There is no time or reason for that as this race is run in an oval track and the laps are as numerous as the amount of competitors pitching for a piece of that market share. Never-ending.

The Operation of the Self Storage Business

The self-storage unit business is an efficiently operated well-oiled machine that can virtually run itself. This is the feeling that should radiate throughout both the office and the storage unit area. The feeling should be all about winning and all about retaining and accumulating new and existing customers, perpetually. The office environment should be clean and professional at all times with no signs of neglect or mismanagement. These signs are easily picked up by the foot traffic and the existing customer base as they come into this area to pay the rental, update customer information, or refer a friend or family member. Recall that every instance when a customer or a person inquiring about a unit, comes into the office, this is the moment that must be treasured. It is the most important part of office-operational standards, the sale is the boss, and everything else follows its lead. This can be argued by those that will say that customer service should be first, and the answer to that is without sales, the need for customer anything, is a moot point.

Outside the Office

The office area is an important facet of any self-storage establishment yet there is another region that shares in the load and that is the outside area. This involves everything that is not inside the confines of the nice and clean and pleasant self-storage office. …

Analyzing Your Personal Finance

Analyzing Your Personal Finance

As you are reading this article, you may already know the majority of people who overspend. The best way to prevent this bad habit (overspending) is to analyze what you spend. It is as simple as that.

The first step you need to do is see where you spend. Even if you are a high-income earner, your big salary will still get flushed down the toilet quickly if you do not track your finance. Know where your cash is flowing.

Should you keep notes of your spending? If you the following is true for you, then you have to.

– You know you are not saving much money to achieve monetary goals (if you have any)

– You have the intuition that your bad habit of spending is spiraling out of order. Suddenly all your income seems to disappear to unknown locations.

– A major event in life is about to happen. This major event can be marriage, quitting your day job to start your own business, having an offspring and retirement.

You may not need a spending analysis if you are a thrifty person. You already have the good habit of saving at the first place. No analysis is necessary at this point.

However, bear in mind that you do not need to keep track of everything till documenting takes up much of your time. In this case, tracking becomes meticulous. Instead, do the spending analysis in a way it reminds you of where your money goes to. This is a smarter and better way to analyze your finance.…

How to Keep Your Self Storage Units Rented

How to Keep Your Self Storage Units Rented

There are many ways to keep your self storage units rented. The most obvious one is making the pricing attractive to the potential renters. With this said, while we want to make sure that the renter is happy with the price, we also need to be happy with the income from the units. Do some market research in your area and see what the competition is charging.

Attractive pricing comes in many different ways. One way to make the self storage units financially attractive to potential renters is have lower rents that beat the competition in your geographic area. Better pricing from a renter’s perspective also can come from various concessions. Whether it’s a half month free rent, one month free rent or more, these are the types of discounts that can also attract renters. By advertising this boldly on banners outside of your facility will attract renters. Also, consider offering a concession yearly, if needed, to keep the existing tenants. Many owners neglect to consider this. Getting the renter in is one thing, keeping them is another.

Having a safe and clean facility is also important to renters. How many times have you driven past units that just didn’t look clean or safe and thought that there is no way that you would store anything there? Common sense tells us to keep a clean and safe appearance and you will not discourage individuals from renting, especially if the competition is not taking care of their property.

Depending on the geographic area where you are located, climate-controlled self storage units may also be important. While some things that are stored are not affected by the weather, others are directly affected by the hot and the cold temperatures. Being able to offer both types of units will help both increase and maintain occupancy.…

Features Of Car Storage Facility

Features Of Car Storage Facility

Car storage facility has many attractive features. It is one of the best alternatives to parking lots. In fact, there is a growing demand now for vehicle storage due to the rising prices of parking facilities. Besides, the biggest problem that people are facing today is the lack of parking facilities. There is congestion not only on the roads, but also for parking your vehicle. Storage facilities offer a respite from this problem. Besides, your vehicle in kept the best condition and protected from outside damage. Extreme weather conditions can have devastating effects on your vehicle. However, self storage can come to your rescue.

Features And Benefits Of Car Storage

Here are some of the features and benefits of car storage.

Prevents Weather Damage: Weather damage is a common complaint. It can affect the functioning and appearance of your car. Extreme weather conditions like humidity, moisture or dryness can cause damage to your vehicle. For instance, your vehicle will be prone to rusting due to dampness. Warping and formation of mold and mildew is another problem that affects the vehicle. Weather damage is not only exterior in nature; it affects the interiors too. Your vehicle may smell of mold and mildew due to high moisture content in the air. Car storage can eliminate this problem. It has de-humidifiers that keep moisture at bay. There is no scope of weather damage to your vehicle.

Climate Controlled Facility: This type of storage units maintains optimal level of temperature inside the unit. This means that your vehicle will be safe and secured in the enclosed climate controlled facility. Moreover, this type of unit has dust filters and active airflow systems. There is no question of weather damage or any other type of damage to your vehicle. In fact, you can also store your SUV or RV at RV storage with similar facilities.

No Maintenance Cost: Car storage reduces your maintenance and servicing cost because the vehicle is stored in the best condition. It will be ready to use at all times. When the vehicle is stored in good condition it doesn’t require repairing or servicing and thus reduces your maintenance cost. Moreover, you won’t even require a car wash before taking the vehicle out of the garage storage. The vehicle will be clean and free of dust.

You can be rest assured that these features will be of great help to you while storing a vehicle. If that is not enough; there is another exceptional feature of car storage. There are special units designed for classic cars. There are premium solutions of storage that use regulated airflow bubble. The storage facility is battery operated and is in the shape of a capsule. It is long enough to accommodate different types of classic car models. Usually, it is around 21 feet long and comes with dust filers and airflow system.

Storing a car in a warehouse or garage is very different from storing it in car storage. A good …

All You Wanted To Know About Storage Spaces

All You Wanted To Know About Storage Spaces

The economy is in quite bad shape and this has affected all of us. Corporate houses are downsizing their employee base while consumers are downsizing their monthly budget. Also, to save heavy mortgage or rentals on property, many residents and businesses are now downsizing their homes and offices. The small homes or offices would not be able accommodate all the goods without giving a cluttered look. For solving such problems, storage space is the ultimate solution.

Why Use Storage Units

Mostly, people use storehouse units when

* There is the need for extra space for storing personal belongings or office goods

* People move from one place to another

* Remodeling or renovation of home or office

* People want to store all their valuables, including antique furniture, heirloom artifacts, jewelry etc. in a secured place. A self storage facility, equipped with state of the art security features can safe keep these goods from any mishaps

* Businesses need a storage space for keeping their stocks

* People want storage for their seasonal goods and hobby equipment such as boats, skiing set and summer lawn

Advantages Of Using Self Storage Units

The storage facilities have gained tremendous popularity as they provide the customers with many advantages. Here is a list of some important advantages,

* The storehouse facility offers storing solutions of many kinds, including dedicated storehouse units for car storage, RV storage, boat storage, furniture storage and garage storage.

* The storage units offer a very cost effective method of storing your extra belongings as you would be paying only for the space that you need.

* The most important advantage that storehouse facility offers is state of the art security. There are several security measures at the storehouse facilities such as 24X7 security guards, CCTV surveillance, access card mechanism and bio metric entry.

* Most of these warehouse facilities offer climate controlled features so that users can keep their perishable and delicate belongings intact for a longer period of time. You can also store your antique items and expensive art work in them as these units are completely weather proof.

* There may be several items in your house that occupy a lot of space. You do not want to sell them as you are emotionally attached to them. You can use storage facility to safe keep such goods and remove the clutter from the house.

Before hiring a storing unit for yourself, it is very important to assess your exact space requirements. This way you would not be paying extra on rentals for hiring a larger unit. Depending upon the goods that are to be stored inside the units you can decide upon the storehouse facility. Do not hire an expensive unit with high end security and climate controlled features if you are just going to use it as a garage space. Similarly, if you want to store some of your most valuable stuff inside the unit then do …

Self Storage Auctions List – Your Guide to Finding the Next Auction

Self Storage Auctions List – Your Guide to Finding the Next Auction

In the United States, storage facilities are legally bound to put out a self storage auctions list from time to time to vacate storage units whose renters have not been able to pay their rental fees for a period stipulated in the state jurisprudence covering storage facilities. Self storage facilities are popular in the country for the additional storage space it provides for people who have too much stuff to fit into their homes but are unwilling to let go of their personal items. Businesses have also been known to take advantage of these self storage facilities for their excess inventories, office equipment and supplies, and archived records. When these units are put on the self storage auctions list, the renters often do not have any other choice but to let go of whatever is in their unit. Although, the lien law provides that renters have until the starting time of the auction to negotiate with the owners of the storage facility and pay their overdue bill to take their units off from the listing.

Your local newspaper would be a good source of information on where the next auction is. The self storage and auctions section of your local newspaper’s classifieds pages would normally have a self storage auctions list – look for public notices for lien sales. Another good place to search for a self storage auctions list in your area would be the internet where you can find websites that specialize in publishing lists of self unit auctions in different areas all over the country. Independent auctioneers contracted by storage facility owners to conduct lien sales are also known to publish schedules of auctions in separate storage facilities or in a string of storage facilities known as “roving auctions.”

Majority of the people who are interested in a self storage auctions list in their area are usually doing it for business purposes, intending to make a huge profit by selling whatever they get from the auctions. It is important to remember that while you can make handsome profits from a “loaded” self storage unit, it is also possible for you to lose out by bidding too high on a unit that contains items that are only valuable to its owners such as old photos and memorabilia. By doing your homework and getting a self storage auctions list of lien sales going on in your area, you will be able to scope out your options. You can also plan your strategy beforehand and make the necessary arrangements to ensure that you will be able to bid wisely, take home your winnings in the most convenient manner, and then put up your winnings for sale.…

How to Save Money on Your Own House

How to Save Money on Your Own House

Among many ways to save money, people generally do not know how to save on their house. How is this even possible at the first place? But when you think about the costs that a house require; furniture, electricity, water, appliances, then it will make more sense to you. Some people who realize this are already taking the steps to reduce all of these “unnecessary” costs. A great example of this is living in a RV (recreational vehicle).

If you rent a house, share it with someone

it is a great idea to invite others to rent the house with you. It just does not make sense if you rent the whole house for yourself. A $500 monthly rental can be slashed into half, $250 by just finding another housemate. But of course, a housemate or roommate must be somebody you can live with. Just be selective when it comes to finding the extra tenant.

Opt out of the expensive rental

If your landlord charges you excessively and you think he is taking advantage of you (after analyzing market price), then move out to somewhere cheaper. Even if it is a low-cost flat, does it matter that much? The benefit of saving due to a lower rental outweighs the luxury of staying in a bigger house. Besides, when you are able to save more, this simply means you can have faster financial freedom. You would want to start saving for a house in future. You would not want to rent a house for the rest of your life, would you?

Bargain with your landlord

Study the market price for house rentals. Determine whether the cost of living suits the quality of environment being provided. If you found out your landlord is overcharging you, bring it up immediately. There is no need for fear of confrontation here. It is your finance and only you alone care about it, not others.

If your landlord is smart, and you have been a good tenant (paying rentals on time every month), he or she will listen and consider your plead for a lower rental. That is because a house without a tenant to pay rent is worse, for a landlord. Showing all you can and proving that you are “poor” enough will help. If all else fails, then ask for an upgrade in the house.

Aim to buy your own house

In the long run, it is more beneficial to you. If you do the math, owning a house is much cheaper than to rent and makes much more sense. This is especially true when prices of houses fall during certain periods, coupled with low interest rates that bank provide.…

Self Storage – A Place For Storing Anything

Self Storage – A Place For Storing Anything

Self storage is a business that can prove to be of great help as it leases out storage spaces to customers, where the customers are free to store any item of their choice. The storage units come in different sizes and the rent is charged in the basis of size of the unit and the period for which the lease is taken. The items may be stored for durations ranging from one month to twelve months.

The Advantages Of Self Storage

People might wonder why to go for self storage units when there is warehouse storage available and even their homes might have plenty of garage storage space. Well, the difference between any ordinary storage space and self storage is, first and foremost, the climate controlled environment. The self storage facilities are usually climate controlled. Climate control mainly refers to using heating, ventilation and air-conditioning to control the internal environment of the storage unit. Climate controlled units ensure that the items stored in them do not get damaged by excessive heat or cold. They are ideal for furniture storage, car storage and storage of other expensive equipment that may get spoiled if stored for long periods in normal conditions. Another advantage is the large choice available as regards the size of the units. The sizes vary from mini, small, medium, big, large, extra large and even loft areas. Many of these storage places even provide spaces big enough to store RVs and boats.

RV storage and boat storage are difficult to find on a person’s property and hence the availability of self storage is a blessing for owners of these items. Another advantage is that these places are usually equipped with full time surveillance and alarm systems to prevent burglary. This ensures the customers of the safety of their goods stored away. Yet another advantage is that these places are usually located in easily accessible areas.

The fees charged for the units are very nominal and there is the additional advantage of being able to store goods for periods as long as a year. The extent of the lease period to a year is very advantageous to people who may have been transferred out of state for a few months and need a place to store their items safely till they return.

The Disadvantages Of Self Storage

Even with its many advantages, self storage is not without its flip side. One of the main disadvantages is that the real liability of loss of goods stored away remains with the customer. The possession of the goods never leaves the customer and hence the store owner never has any genuine responsibility for the goods. If the goods are damaged due to any reason, there is no accountability as such on the owner of the self storage place.

When a comparison is made of the ups and downs of self storage, it is evident that the ups outweigh the downs. This is probably the reason …

6 Close Guarded Secrets of Spending Less

6 Close Guarded Secrets of Spending Less

There are known ways to control your spending effectively. But first of all, why is spending so important? Rather, why is the habit of spending being discussed time and time again? In simple terms, if you spend more than you earn, you are looking for trouble.

Only spend within your earning capability

Anyone, whether rich of poor who spend too much has a problem. But this could be an inaccurate statement at the first place. To better illustrate, take the example of 2 individuals who are rich and poor respectively. The rich person spends $20,000 a year when he has an annual income of $100,000. He spends 20% of what he earns. Meanwhile, the poor or poorer person spends the same $20,000 amount in a year. But he or she earns less income, which is $50,000 (half of the rich person). This means the poorer person is spending an excessive 40% of his or her salary! It is only accurate to think in terms of percentage.

Other people might give you bad influence

Even your best of buddies or colleagues can do this to you. How is this so? Well, how do you usually react when your friend (who is wealthier than you, but not understanding) asks you out for an expensive dinner at 8? Peer pressure does exist not only in teenagers, but adults, too. Value your own opinion first.

Monitor yourself

The obvious one is t track what you spend. That is because the responsibility that you take dictates your financial future. Whether you make or break, it depends on your money habits. Achieving financial goals can be hard to do, but not impossible.

If you have someone to pay first, that is you

Have you ever heard of paying yourself first? This would mean devoting to a specific amount of savings each month. For example, paying yourself means funneling your income every month to your own bank account savings.

Avoid being a criminal

These products are often associated with crime. You would probably know what they are by now. If you are a smoker, then stop it. If you are a heavy drinker, then drink less and eventually stop it altogether. These 2 habits, if stopped effectively, could save you hundreds of dollars a month easily.

Be a second-hand buyer

Start buying used things. This might sound like a cheap option, but it easily shaves half the actual cost of buying a similar item that is new. The only condition is, you have to check for its quality. If the quality does not differ that much than the new one, then why not?…

5 Benefits For Your Business When You Use Self Storage Units

5 Benefits For Your Business When You Use Self Storage Units

Self storage units are a great way to store your important business documents in an environment that is low-cost and secure. The most common reason that businesses use self storage units is to store archived documents and records instead of using up valuable commercial space.

There’s no getting away from the fact that when you’re in business you have a legal requirement to store documents for several years. The majority of those documents are not needed on a daily, weekly or monthly basis and most will never be accessed again – they just need to be kept safe and sound. So it makes good common sense and business sense to store them away from your normal working day premises. Here are 5 benefits for your business of using self storage units to store your important documents:

1. State of the art security – Self storage units offer the highest level of security for your archived records and documents. You might not need the documents now, but you would be devastated if they were stolen or destroyed. Making use of a self storage unit means your records are in a secure locked unit which is monitored and not able to be accessed by anyone without your permission. You can store your documents and basically forget about them, because you know that the self storage unit is perfectly secure.

2. Clean and climate controlled – It’s not easy keeping paper documents in a good condition when you store them in a roof cavity or a back cupboard. You never know what could be happening to them, from rodent attack to damp or heat damage. Self storage units are well-maintained, clean and have just the right climate controls for archived documents. There’s no chance your precious records will get wet or hot, so when you need them, they’ll be in just the same condition as the day you left them there.

3. Convenience and service – You never know when you will need one of your important documents. You might think they’ll never be needed, but then along comes a day when you’re asked for something in particular. Storing your business documents in a self storage unit with purpose-built racks and filing systems means they’re available when you need them at a site that is convenient. You can access your property whenever you need to and find the right document easily.

4. Value for money – It makes good business sense to use your office space well. Storing documents is not a good use of office space, so keeping archived records in a self storage unit makes financial sense. Self storage units are great value for money. You can rent exactly the size you need and you’ll be surprised at how inexpensive it is.

5. Welcoming friendly staff – Keeping your important documents in a separate location is a big decision, so you need to know that the staff who monitor the …