Self Storage Resources from Our Experienced Team

Conditional Use vs. Permitted Use Zoning for Self Storage Facilities

08/08/2022 |

Zoning laws are land-use designations determining which areas landowners can use for housing, commercial use, industry and other needs. Usually, there are limits and zoning requirements for self storage facilities, too, which vary by city. If you want to invest in self storage property or build a facility, you need to understand local zoning laws […] Read More

How to Rezone Property for Self Storage

08/08/2022 |

Kate Scheib

For Buyers

Zoning laws protect spaces in communities and reduce conflict between different property owners. Zoning ensures properties like industrial facilities and schools aren’t near one another and maintains enough residential space for homes. Over time, however, zoning needs can change. For example, you may see an opportunity to add a self storage property to an area […] Read More

Physical vs. Economic Vacancy in Self-Storage

08/01/2022 |

Kate Scheib

Investing

Self-storage owners and managers often rely on physical occupancy rates to gauge their facility’s performance. However, physical occupancy is just one factor that contributes to a property’s health. Ultimately, the goal of your self-storage business is to maximize your profits. If your facility has good physical occupancy rates but isn’t reaching its full earning potential, […] Read More

How to Choose Land for Self-Storage Development

07/25/2022 |

Kate Scheib

Self Storage Events

When considering a piece of land or property for a self-storage development, multiple factors come into play. Some land is more suitable for self-storage development than others, meaning you need to understand what’s involved in making the right choice for your new business. You’ll mainly need to consider the data and insights you collect about […] Read More

Most Important Factors for Self-Storage Feasibility Studies

07/18/2022 |

Kate Scheib

Feasibility Studies

If you’re planning to build a self-storage facility, you want to ensure it’ll be a success. Performing a feasibility study will help lenders determine whether your self-storage project is worth pursuing. What’s more, some lenders require a feasibility study before they’ll extend a loan. A feasibility study evaluates whether your self-storage project will generate enough […] Read More

What Type of Zoning Is Needed for Self-Storage Units?

07/18/2022 |

Kate Scheib

Self Storage Events

Zoning laws are essential for self-storage units, as they regulate what the land is being used for. These laws are defined by government bodies and establish how the land can or can’t be used in a given area, setting rules for development. These laws split the land into different categories, including residential, commercial, agricultural, industrial […] Read More

Tips for Performing Self-Storage Market Research

07/11/2022 |

Kate Scheib

Business

Investing in a self-storage facility is a big decision, requiring significant amounts of time and money. Before you make that investment, you want to be sure there’s room in the market for your facility. Performing self-storage market research will help you determine whether your self-storage property will be successful. How Do You Do a Self-Storage […] Read More

Self-Storage Property Underwriting Process

07/04/2022 |

Kate Scheib

Investing

The underwriting process is a vital part of a self-storage facility sale, determining the property’s potential profitability and value. With numerous steps and players involved in underwriting, there’s a lot to wrap your head around. Read on for a comprehensive explanation of how to underwrite self-storage properties. What Is Self-Storage Underwriting? Underwriting involves assessing the […] Read More

Understanding DSCR in Self-Storage

06/27/2022 |

Kate Scheib

For Owners

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

06/13/2022 |

Kate Scheib

Self Storage Events

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