Kate Scheib’s Posts

Kate Scheib’s Posts

Understanding DSCR in Self-Storage

Virtually every self-storage investor purchases their property using debt. Investors use leverage to limit their upfront expenses and finance the remaining costs with a loan. When you apply for a loan, the lender will evaluate your debt service coverage ratio (DSCR) to determine the potential risk of working with you. What Is Debt Service Coverage […] Read More
Institutional vs. Private Self Storage Investors

Institutional vs. Private Self Storage Investors

Self storage facilities are a top competitor in the current commercial real estate market. Storage properties proved their stability as they showed consistent occupancy and revenue during the 2020 lockdown. Now, as new units are being built, the question is how the investment opportunities of these facilities may change.  Institutional and private self storage investors […] Read More
How to Expand Your Self-Storage Portfolio

How to Expand Your Self-Storage Portfolio

Investing in real estate has the potential to bring investors growth and excellent return on investment (ROI). There are many different real estate investment sectors, and the self-storage sector has gained attention over the years. Self-storage is in high demand even during times of financial hardship, making self-storage a relatively recession-proof investment. Self-storage investment opportunities […] Read More
What Is Mini Storage?

What Is Mini Storage?

If you browse our current storage facility listings, you may notice both self storage and mini storage properties. Though the names slightly differ, mini storage and self storage are essentially interchangeable terms. Mini storage is the same as self storage by nature, with a few minor differences depending on the location. Learning more about the […] Read More
Real Estate Investments: Self Storage vs. Rental Property

Real Estate Investments: Self Storage vs. Rental Property

To be successful in real estate, you must choose an investment with a high potential for return. It can feel like a leap of faith to invest in the commercial market rather than residential, but self-storage facilities are a strong competitor. When you compare self-storage versus rental property investments, you’ll see how these facilities are […] Read More

Self-Storage Credit Reporting

Many industries report customers’ and borrowers’ payment history to the federal credit bureau. In the self-storage industry, credit reporting can help motivate tenants to pay their rent on time. Facility owners can also use credit score information to determine the potential financial risk of renting to a person. What Is Self-Storage Credit Reporting? Self-storage facilities […] Read More

Developing RV and Boat Storage

Offering recreational vehicle (RV) and boat storage can be a great way for self-storage owners to expand their business and increase their revenue. To successfully build these units, you must know the specific requirements for RV and boat storage development. How to Build RV and Boat Storage Facilities There are three types of units you […] Read More

Signs Someone Is Living in a Storage Unit (and How to Prevent It)

Many storage facilities deal with people living in their units. With rising housing costs and homelessness, some people in desperate situations turn to self-storage units as a place to live.  However, self-storage units aren’t safe for human habitation. The lack of running water creates an unsanitary environment, and there’s also the risk of getting trapped […] Read More

Best Customer Relationship Management (CRM) Platforms for Self-Storage Owners (and Customers)

Managing customer relations is a vital part of operating any self-storage facility. From facility news to rent reminders to holiday messages, regular communication helps you build rapport with your customers. But with so many operational responsibilities already on your plate, it can be challenging to maintain consistent communication. CRM platforms can help you automate tedious […] Read More
Certifications and Career Tips for Self-Storage Managers

Certifications and Career Tips for Self-Storage Managers

Education and training are essential to being a successful self-storage property manager. While knowing general property management principles can be helpful, self-storage property management requires industry-specific knowledge and practices. One of the best ways to develop and expand your facility management knowledge is to take certification programs through reputable trade organizations. Some of the best […] Read More