New York Based Developer, Blumenfeld, Expands Their Portfolio with Two Self-Storage Facilities in Flushing and Woodside

The recent purchase of two self-storage facilities in Flushing and Woodside, Queens, by the prominent Long Island-based Blumenfeld Development Group emphasizes the utility of self-storage and the potential profits in this real estate sector. According to the records, Blumenfeld purchased these properties for a staggering sum of $122 million. The facilities are at 34-09 College…

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Facilitating Successful Self-Storage Investments with The Storage World Analyzer

Investing in self-storage projects, whether an acquisition, new construction, conversion, or expansion, is a significant decision that requires careful analysis. One of the vital steps in this decision-making journey is determining if the venture is financially feasible. With the many variables that need to be satisfied, this process can be overwhelming. An innovative solution to…

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Thinking of Investing in Self-Storage in 2024? Here’s a 101 Guide to Master the Art of Deal Evaluation

In a comprehensive Twitter thread, @AjOsborne1, a seasoned expert in the self-storage industry, shared invaluable advice for prospective investors planning to buy self-storage deals in 2024. This guide is a must-read for anyone navigating the complexities of self-storage investments. 1. Location, Location, Location: The cardinal rule in real estate applies here too. A prime location…

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The Customer is King: Why Customer Service is the New Differentiator in Self-Storage

The self-storage industry is experiencing a period of significant transformation. With rising competition and evolving customer expectations, self-storage facilities increasingly seek ways to differentiate themselves from the pack. One key area where facilities can excel is customer service. In today’s world, exceptional customer service is no longer a luxury; it’s a necessity. Customers have more…

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Demystifying Self-Storage Customer Acquisition Cost: A Guide for Operators

Understanding Your Self-Storage Customer Acquisition Cost Maximizing profitability in the competitive self-storage landscape hinges on efficient marketing and sales strategies. A key metric that helps gauge this effectiveness is Customer Acquisition Cost (CAC). Understanding CAC and how to calculate it empowers self-storage operators to optimize their marketing spend, attract customers strategically, and, ultimately, drive sustainable…

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Self-Storage Superpowers: Unleash Your Facility’s Potential with a Management Company

Running a self-storage facility can be a rewarding experience, but let’s face it, it’s not always sunshine and rainbows. Between juggling marketing, accounting, tenant relations, security, and ever-changing regulations, it can feel like you’re wearing a dozen hats at once. That’s where self-storage management companies swoop in, like real-life superheroes for your facility. Forget the…

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Canadian Self-Storage giant Vaultra, Teams Up with Habitat for Humanity in Unique Holiday Giving Campaign

On December 15, Canadian self-storage conglomerate Vaultra Storage will commence its charitable “Sleigh the Clutter” campaign in Hamilton, Ontario. This initiative invites community members to donate household essentials and furniture that will be collected and made available at their Sherman Ave. location. In a remarkable collaboration, the donated items from the campaign will support Habitat…

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The Impact and Implications of California’s AB 542 Law on Self-storage Advertising

California Governor Gavin Newsom has officially signed Assembly Bill 542 (AB 542) into effect, transforming the advertising landscape for self-storage operators within the state and authored by Assembly Member Juan Carrillo and his team, in collaboration with Naomi Padron, a legislative advocated partner for MKP Government Relations and the Self Storage Association’s Sacramento-based lobbyist, the…

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