Contributing Editors

Specialization Can Help Your Self Storage Facility Stand Out

by Holly Robinson October 19, 2011 5:37 PM
The purpose behind the self storage industry is pretty clear. It is intended to provide people with a place to store whatever they need after their home or office has run out of room. As the business has evolved through the years, just providing people with a basic storage room is not enough to be a successful business. [More]

Chicago Self Storage Company Now Offers Records Storage and Management Services

by John Stevens August 3, 2011 11:25 AM
Records-storage management services are now being offered by LifeStorage Centers, LLC, including HIPPA compliant “vault” storage rooms, document & data destruction, barcode tracking for boxes & files, rush pick-up/delivery services, file indexing services and an advanced web search tool for accessing stored files. [More]

Detailed Due Diligence Records Can Help Ease a Sale

by John Stevens December 3, 2010 11:10 AM
Storage facility owners looking to sell their business should know that nowadays what can make or break a deal are well-maintained due diligence records that are thorough and organized. In today’s market, lenders are running a sharp eye through documentation and heavily assessing the financial well being of a business. [More]

Maine's Legislature Closer to Passing Self Storage Records Law

by John Stevens February 3, 2010 11:51 AM
Maine's legislature is one step closer this week to passing the state's new law protecting personal financial records that are abandoned in self-storage units. The bill, LD 1499, is under final review by the Business Research Economic Development Committee. It was drafted by the Maine Self Storage Association together with the Bureau of Consumer Credit Protection, and is expected to pass in both Maine's House and Senate this spring. The bill was sponsored by Maine State Senator Peter Bowman.

Under Maine's current law, items in self-storage units may be sold if rent for the unit is 45 days or more past due. The self-storage operator is not required to inventory the unit for personal records, or to notify any regulators if personal records are found or believed to be present, as often happens when mortgage companies that keep their records in self-storage go out of business. [More]