Contributing Editors



Economic Outlook Improves for Small Business Owners According to Survey

by John Stevens June 23, 2011 7:12 AM
Although the recession still lingers, the economy is starting to improve, according to nearly 3,000 small business owners nationwide who were featured in the 2011 U.S. Bank Small Business Annual Survey. [More]

Opening and Expanding Self Storage - A Good Business Decision

by John Stevens May 24, 2011 6:42 AM
The self storage industry is a $22 billion dollar business that is thriving in the United States, enjoying economic growth as the country faces an economic recession. Currently, low variable rates and limited day-to-day obligations make self storage a less demanding industry to break into than apartment rentals or running a laundromat. New businesses are opening every day and this industry that is 90 percent owned by entrepreneurs was named one of the best industries for starting a business in 2010 by Inc. magazine. [More]

As More People Rent Than Buy, Apartment and Self Storage REITs Enjoy Market Strength

by John Stevens April 28, 2011 6:25 AM
The stellar growth of both apartment and self storage real estate investment trusts (REITs) translates into a sure sign that the U.S. housing market is still in a slump. Analysts are noting a strong historical correlation between revenue growth with storage REITs like Public Storage and revenue growth with the apartment REITs. [More]

Self Storage Hangs Tough Through Recession, With Industry REITS Surpassing General REIT Sector

by John Stevens April 14, 2011 12:57 PM
As many industries have been battling to survive through the recession, self storage has made impressive, steady gains that investors are getting excited about. Once mostly fueled by lifestyle changes such as divorce, death or moving, self storage is being used by a much broader range of people and for a wider range of circumstances. As a result, the four publicly traded self storage REITs generated total returns of about 30 percent last year, with the first quarter of 2011 exhibiting similar strength at about 10 percent. [More]

Self Storage Operators Finding it Hard to Collect in Recession Hit Areas

by Tony Gonzalez January 6, 2011 10:38 AM
As we all have realized, the recent recession has left much of the country financially crippled. And with that, the rate of foreclosures has risen, especially in Florida and Michigan. Florida self storage companies are now feeling the force of foreclosures as people are downsizing and needing storage space. But the good is sometimes followed by the bad. People, specifically in hard-hit southwest Florida, are finding it hard to pay the bills for their self storage units. [More]

Real Estate Firm Makes Big Self Storage Acquisition Demonstrating Strength of Market

by John Stevens December 30, 2010 8:36 AM
Overall, during the past few years the self storage market has proven to be recession-resilient and this has led to many acquisitions for investment. There is a bubble of safety around the storage business because of a constant growing demand. Just this week in a major purchase, Virtus, an Austin, Texas, based real estate private equity firm has purchased 20 self storage facilities throughout the southeastern U.S., totaling 1,000,000 sq. ft. of space at a cost of $50 million. [More]

Inexperienced Gamblers Arrive on Storage Bidding Scene, Some Just for the Thrill of It

by John Stevens December 27, 2010 10:09 AM
The immense popularity of two new reality shows on the auctioning of storage units has brought droves of “newbies” to the bidding scene. It’s the thrill of the hunt, some say, that attracts new bidders more than the prospect of making money. But for the serious and experienced bidders, Ebay or Craigslist are the places they take their wares and hope to earn a pretty penny. [More]

Period Clothing Comes Out of Storage Straight Back into Style

by Winnie Hsiu October 19, 2010 3:18 PM
Fashion trends, as the saying goes, are cyclical -- more so in hard times, during recession economies, than at other times. Families are raiding their storage units and the backs of their closets to find timeless clothing that once seemed dated, but now has become trendy. Particularly trendy this season are military styles: bomber jackets, trench coats, cargo pants, and camouflage. [More]

Self Storage Considered a Good Investment in Europe

by John Stevens October 6, 2010 10:27 AM
In Europe as in the United States, real estate analysts are recommending self storage as an investment worth considering, compared to other areas of the real estate market (such as residential and retail properties), which are foundering. [More]

Are Foreclosures Fair? “Robo-Signers” Confess Amid Mortgage Company Investigations and Fraud, Forgery Allegations

by Holly Robinson September 23, 2010 11:51 PM
There are many reasons, happy and sad, to become a self storage tenant, but one of the saddest must be to have to put belongings in self storage because your home has been foreclosed on. But in a recession economy, foreclosures seem to have become the new American experience, with millions of Americans from all walks of life losing their homes. Self storage companies have stepped up to the plate, offering storage to families who are going through a transition from one home to another, providing the first month or two of storage at a discount while families struggle to get back on their feet, and providing discounts to families with special circumstances, such as military families. Families who use self storage typically do so temporarily, while they are in transition, with the average self storage tenancy for an individual or family lasting about 11 months, according to industry statistics published last May in NuWire Investor.

Now it is becoming clear that one subset of self storage customers -- families who have lost their homes to foreclosure -- may have been improperly evicted from their homes in a deeply flawed foreclosure process that does not allow for careful and thorough review of mortgage documents and records to occur before the eviction process begins. Some bank employees are signing off on foreclosure documents without first going through the documents to make sure that the foreclosure is truly justified. Some of the foreclosures that have been processed over the last few years not only were processed far too quickly and sloppily, but are not even legal, because some files contained documents that were forged, signatures that were forged, names of made-up companies and employees from those companies, and affidavits that were signed without the presence of a notary (or that were signed by a notary several days after the initial signature that the notary was supposed to have witnessed). [More]
 1 2 3