Embracing Automation: How Self-Storage Managers Benefit from Technological Advancements

As the wave of automation washes over different sectors, its impact on the self-storage industry becomes increasingly apparent. This was initially viewed with trepidation by many operators fearing job loss. However, despite the shift towards ‘unmanned’ facilities, it’s clear that human staff persists as the driving force in most operations. Today’s fiercely competitive market situation…

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High-Stakes Acquisition: Self-Storage Company Shells Out $500K Per Acre in North Carolina

In a significant development for the self-storage industry, Storage Rentals of America, a leading provider of rental spaces, has reportedly purchased a high-ticket property in North Carolina for $500k per acre, as broken by The Business Journals. The deal has raised eyebrows for its price, underscoring the escalating value of land in storage-industry acquisitions. This…

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Daily Dispatch: Key Moves in Self-Storage and Wine Cellar Innovations

Today’s newsletter highlights significant industry developments, including Corey Rasmussen’s strategic move to Storage Exchange and the innovative wine cellar launch by Compass Self Storage in Florida. These stories underscore the dynamic evolution of the self-storage industry and its expansion into specialized market segments. Corey Rasmussen Steps into a New Venture with Storage ExchangeCorey Rasmussen has…

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Revamping Revenue in Self-Storage: The Case for Online Auctions

Self-storage facilities are always looking for ways to streamline operations and maximize revenue. One potential avenue, detailed by Carlos Kaslow, General Counsel to the Self Storage Association, in a post titled “Should You be Doing Online Auctions?”, is transitioning in-person auctions to an online platform, unlocking flexibility and asset fluidity. Kaslow, a law expert and…

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AI to Self-Storage: Beam Me Up, Scotty

The Magic Wand Revamping Self-Storage Industry Yes, we’re talking about taking your self-storage business on a roller-coaster ride to the future—buckle up. The Bionic Arm of Self-Storage The magical allure encapsulated in Masha Nova’s blog post-Fast-Train to Success: Applying Artificial Intelligence in Self-Storage Operation would make anyone consider jumping on the AI train sooner rather…

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The Intriguing Chronicle of Self-Storage Industry: A Mash-up of Public Storage, Federal Reserve, and Unpredictable Life Events

Quoting Jodi Jacobson from the world of high-brow economics, we will have a little chinwag about a behemoth in the self-storage industry. Please contain your excitement – today, we’re spotlighting Public Storage (NYSE:NYSE: PSA). Jacobson recently penned a riveting epic about the rose-tinted future of this overlooked yet pixie-like industry on Seeking Alpha. Now, let’s…

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