Contributing Editors

Self Storage Could Lose Some Business From Military If More Personnel Opt to Buy Homes

by John Stevens June 1, 2011 12:10 PM
When military personnel are deployed for six months or longer, what happens to all of the possessions left behind? Members of the military are big users of self storage because they either stay in government quarters or rent an apartment for a short period of time and usually do not own a home. Because they are constantly on the move, renting a storage unit often makes more financial sense than maintaining a residence to house possessions. But more military members are taking notice of the Basic Allowance for Housing (BAH) available to qualified service members, and turning an interested eye towards home ownership. This could have an impact on self storage companies that cater to the military. [More]
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