October 30, 2012 7:02 PM
Collecting overdue rent is about as fun as having bamboo shoots shoved under your fingernails. Both managers of self storage facilities and the tenants in arrears usually dread it.
We will soon be entering the holiday season – when money is tight and tenants might have a hard time coming up with money to pay for their rental unit. What can you do as manager of a storage business to encourage tenants to pay on time? [More]
December 9, 2010 12:02 PM
In this fast-paced, tech-savvy world, speed and convenience of transaction have a lot to do with whether a customer chooses to rent out a unit. Many storage businesses use the INSOMNIAC Self Storage Network (ISSN) which allows customers to book reservations for rentals online. UPick Storage LLC, a provider of an online facility-comparison shopping tool for self storage customers, just this week joined OpenTech Alliance Inc.’s ISSN. [More]
December 6, 2010 8:02 AM
Of up most concern to both storage facility owners and customers is the care of the items placed into storage. For instance, if a customer requested a climate-controlled unit for a collection of instruments and paintings, they expect to get what they paid for so that their items are not damaged. Sometimes, however, the unthinkable happens and fires break out or thefts occur. That is where insurance comes in and it is one of the most important considerations when running a storage business. [More]
November 5, 2010 11:24 AM
The U.S. Small Business Administration (SBA) has finally opened its arms to the self storage industry, changing its loan guidelines and now making such businesses eligible to apply for loans that were never open to them before. [More]
April 28, 2010 12:58 PM
The Lock Up, a nationwide self storage company based in Chicago, announced Sunday that it will offer its new and existing tenants the chance to win up to $1000 in free rent for a self storage unit. The raffle is a new marketing technique that The Lock Up hopes will draw in more tenants and show appreciation to tenants who currently rent units from the business. [More]
December 23, 2009 7:34 AM
The Claremont Museum of Art, in Claremont, CA, announced yesterday that it is putting its entire, permanent collection into storage. The museum could not afford to pay its rent. In fact, it still owes three months of back rent (amounting to $15,000) to its landlord, Jerry Tessier. "It is such a grave disappointment," said former Mayor Ellen Taylor, who was on the museum's fundraising committee.
The Museum will go virtual, exhibiting its collection online at its website. It will become a "museum without walls," said founding president Marguerite McIntosh. She estimated that within five years, when the country starts to come out of its recession, the museum might be able to reopen. [More]