Self Storage Remains Recession Resistant During the Coronavirus Pandemic

The self-storage industry remains recession-resistant despite the residual effects of coronavirus. Even with the economy in a downturn, the industry is holding its own and operators and investors are projected to benefit in the coming months. According to the U.S. Small Business Administration, during the 2008 – 2010 recession, almost 1.4 million small businesses closed ...
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Is Your Self Storage Facility Capitalizing on Retail Sales?

Self storage is typically thought of as a service industry, providing secure storage units for people to store their residential and business belongings. But it can be more than that. The addition of retail merchandise to your facility provides you with great opportunities to increase your profitability as well as giving tenants and walk-in customers ...
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Questions For First Time Self Storage Investors

If you’re looking for an alternative real estate investment that will provide you with a stable, predictable income stream, minimal maintenance, and low operating costs, investigate self storage. The dollar per square foot that you’re getting on each unit is similar to what is earned on multi-family investments, and you don’t have to know how ...
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The Outlook for Self Storage is Optimistic During the Global Health Crisis

The coronavirus outbreak has mobilized the country into a collective mode of crisis management. Social distancing is the new buzzword. People are on their guard to keep a distance of six feet between themselves and other humans. Grocery stores have taped the floor in six foot increments so that shoppers maintain safe distance while waiting ...
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PINNACLE STORAGE PROPERTIES PROMOTES CASSIE DODGEN TO REGIONAL VICE PRESIDENT OF OPERATIONS

Houston, Texas, March 10, 2020 – Pinnacle Storage Properties, one of the fastest growing storage companies in the USA, is pleased to announce the promotion of Cassie Dodgen to Regional Vice President of Operations. Cassie will be responsible for assessment of data for the optimization of overall performance in all assets, including website performance, revenue ...
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PINNACLE STORAGE PROPERTIES CELEBRATES 4 YEAR ANNIVERSARY

Houston, TX – March 5, 2020 – Pinnacle Storage Properties, based in Katy, Texas, proudly celebrates their four-year anniversary. Since its inception in 2016, Pinnacle Storage Properties has become one of the fastest growing storage companies in the USA. In 3 ½ years, Pinnacle Storage Properties has reached $100M in assets under management, far exceeding ...
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Self-Storage Facility Due Diligence…Do the Due

Most experienced self-storage facility buyers understand that due diligence has to be completed prior to the purchase of a property. But, what exactly is meant by the term “due diligence”? According to Dale Eisenman of Midcoast properties, “due is defined as reasonable, just, regular and sufficient. Diligence is defined as prudence, attentiveness and care. Used ...
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Underwriting Self-Storage Properties

Underwriting is the process used to determine the financial feasibility of an event such as the acquisition, refinance, recapitalization, construction, or expansion of a property. This process is integral to any real estate transaction and the product of the underwriting will be a primary decision making factor for every party involved, from the operator, to ...
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Give Your Rundown Self-Storage Property a Face Lift

During a house hunting quest, did you ever pull up to a property that looked like a scene from Animal House? My guess is that you kept right on driving…to an attractive property with a well-tended look. Think about this in terms of self-storage. Does your facility look like John Belushi’s choice for self storage? ...
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What You Need to Know About Self Storage Revenue Management

In the last five years the self-storage industry has seen significant growth. The market has shown an increase in the number of facilities, along with continuing shifts in conditions. Combined with multiple industry variables, these factors, if not managed properly, can have an adverse effect on profitability. The evolution in market conditions means that revenue ...
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