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Categories --> Articles --> November 2009

Page 1 of 1

November 2009
Mini Storage Messenger

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Looking to better days, our cover story in this edition of the Mini-Storage Messenger gleans some advice from industry veterans on how to weather the storm and boost the bottom line. In our first feature, we explore the Real Estate Investment Trusts, their operating results, and what smaller operators can learn from them. Rounding out this month’s features is a follow-up report on the state of self-storage foreclosures and some thoughts about what lies ahead.
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By: The Editors of Mini Storage Messenger
Category: Complete Issue
Issue: November 2009
Shifting Into High Gear
Revving Up Revenues To Drive Profits

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Despite the recession and its negative effects on the industry, many self-storage operations are managing to increase profits. Some operators are relying on low-cost marketing, while others are employing tried-and-true business tactics. Find out how you can rev up revenues at your facility.
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By: David Lucas
Category: Operations
Issue: November 2009
Learning From The National Companies
Second Quarter 2009 Self-Storage REIT Performance

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Reliable and accurate data about the self-storage industry can be hard to come by at times. Fortunately, the operating results for the four publicly traded Real Estate Investment Trusts that are reported every quarter can be a useful source of information. Learn about the future plans, insights, and business strategies of the largest companies within the industry.
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By: Jeffrey Supnick
Category: Industry
Issue: November 2009
Distressed Deals, Part II
The Current Self-Storage Sales Market

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While there are many complex factors affecting the industry, self-storage properties have continued to perform better than most other types of real estate during this economic downturn. In this article, read about the current market conditions for self-storage sales and what kind of deals may be available in the future.
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By: Dean Keller
Category: Industry
Issue: November 2009
Lawai Cannery Self-Storage
Kauai, Hawaii

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Once a pineapple cannery, converting this century-old building into a self-storage facility was a major undertaking. Besides the initial challenge of demolishing the building and removing the hazards, the crew also dealt with environmental contamination and problems receiving materials from the mainland. Read about how the crew handled these difficulties and turned the project into a winning facility.
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By: Kerri Fivecoat-Campbell
Category: Development Details
Issue: November 2009
Address Change Via The Web

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A facility manager asks our legal expert, Jeffrey Greenberger, what constitutes a legal change of address and whether or not an address change can be submitted through a companies Web site. Find out what he suggests for company’s that want to allow tenants the ability to submit a change of address online.
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By: Jeffrey Greenberger
Category: Legal Q&A
Issue: November 2009
New Mexico
Self-Storage In The Land Of Enchantment

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Although the state of New Mexico only has one CBSA in the top 100 in the United States, the state has a supply well above the national average. Read about self-storage construction and market trends within the state, as well as the investor outlook for New Mexico.
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By: David R. Laney
Category: Market Watch
Issue: November 2009
Auction Challenges
The Legal Pitfalls For Managers

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Does your self-storage facility have good auction procedures in place? To avoid a lawsuit resulting from a lien sale, make sure to dot every “i” and cross every “t” before holding an auction.
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By: David Lucas
Category: Manager’s Notebook
Issue: November 2009
Making Every Call Count
New Call Center Strategy Boosts Occupancy

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Do you need an effective call center option for your self-storage facilities? For multi-facility operators, an on-demand call center option could provide your self-storage facilities with the competitive edge needed to close more calls.
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By: Durinda Biesman
Category: Technology Tools
Issue: November 2009
Improving Curb Appeal
Creative And Cost-Effective Landscape Plans

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What does your landscape say about your facility? Because your landscape is one of the first elements of your self-storage facility that customers notice, it is important to make a good first impression by keeping it in excellent condition.
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By: Pam Bader
Category: Operations
Issue: November 2009
Help Wanted!
Finding Positive Attitudes

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In today’s market, there are many positive and qualified individuals seeking employment. To avoid being replaced, show your employer that you are a dependable, responsible, and resourceful employee. In this article, find out how to become an indispensable part of the team.
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By: Linnea Appleby
Category: Personnel
Issue: November 2009
From A Legal Point Of View …
It’s Time For A Clean Up

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When was the last time you updated your self-storage facility’s rental agreement? Making some adjustments to your current rental agreement could provide your facility with the benefit of additional legal protection.
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By: Kenneth M. Piken
Category: Legal Issues
Issue: November 2009
Blacktop Basics
Best Practices For Your Pavement

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Is your facility’s asphalt cracked and littered with potholes? Regular maintenance of your self-storage facility’s asphalt is necessary in order to prevent costly repairs and maintain your site’s curb appeal. Find out how you can keep your blacktop in tip-top shape.
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By: Erica Shatzer
Category: Maintenance Matters
Issue: November 2009
Effective Marketing
Targeting Your Local Customers

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What category of self-storage facility expenses may be one of the first to see cuts when business is slow? For many sites it might be marketing, yet at no time are advertising dollars more valuable to spend than when business is down. In this article, read about marketing outlets than can enable you to effectively reach consumers within your local market.
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By: Erin Henley
Category: Self-Storage Trends
Issue: October 2009
A Sign Of The Times
Boosting The Bottom Line

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In this edition of The Last Word, Brenda Scarborough discusses the two ways a self-storage facility can boost its bottom line. Read her suggestions on how to survive in a turbulent economy by cutting expenses and increasing income.
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By: Brenda Scarborough
Category: The Last Word
Issue: October 2009

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