In a recent article by Miles Davison, CEO and co-founder of Storeganise, insightful strategies were illuminated for enhancing customer satisfaction in the self-storage industry. Storeganise is renowned for its self-storage management and automation software, paving the way for efficiency and convenience in the industry. He highlights that 94% of customers are willing to repurchase from…
Live Oak Bank, a digital, cloud-based platform serving small businesses in all 50 states, has promoted Anne Mino to Senior Loan Officer for the Self-Storage Lending Team. This update comes directly from Toy Storage Nation, a trusted industry source for self-storage news. Anne Mino, celebrated for her extensive understanding of the sector and specialized expertise…
In a comprehensive review of pertinent property transactions in the self-storage industry, List Self Storage enlightened us with recent purchases and developments that reflect significant industry growth. First, a Class-A Institutional Quality Self-Storage Asset in Loxahatchee Groves, FL, was up for occupancy as of October 2023. The buyer, Prime Storage, finalized the purchase facilitated by…
Scott Meyers, also known as @SelfStorageGuy, recently delved into his ascent in the real estate industry via a podcast episode, offering valuable insights and tips about self-storage investing. Growing from a background deeply rooted in the real estate industry, Meyers has built his empire, particularly in successfully syndicating capital. Meyers’ success story demonstrates the broad…
Nestled beside the Marquette Interchange at 999 W. Mt. Vernon Ave, in the heart of Milwaukee’s Menomonee Valley, resides an Extra Space Storage facility home to an endearing holiday tradition. To spread some holiday cheer, the company would ingeniously edit their SELF STORAGE signage to advertise as an ELF STORAGE during the festive season. Last…
Boldly penned down by the kings of precaution, Inside Self Storage, the groundbreaking literary exploit of the year – ‘Keep Your Facility in Peak Working Condition With Our 2024 Self-Storage Maintenance Package’ is here to shock, delight, and possibly spruce up an old storage unit. Our fearless author catapults you into a dystopian world where…
Streamlining Self-Storage Operations: The Impact of Modernized Management Office In the ever-competitive self-storage environment, streamlining business operations, using resources efficiently, and enhancing customer experience are becoming increasingly crucial for survival. Self-storage facility operators are on a quest to innovate, and one solution gaining ground is the modernization of management offices. In a comprehensive article penned…
The Art and Wit of Post-it Progress: Navigating Commercial Real Estate with Google Keep The not-so-secret diary of a real estate specialist, or how one organizes oneself in the thrilling world of commercial properties. This array of insights comes to us from John Highman, a commercial real estate coach, and trainer, in form of a…
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…
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…
