Auctions have been a part of the self storage industry probably since the industry originated back in the 1960s; as long as there has been rent to pay there has been someone who has not been able to pay their bill. In recent years as the industry has grown, so has the number of units that have been put up for auction. [More]

This year, Tennessee, Nevada, California, and Illinois passed legislation that impacted storage facility owners. The legislation addresses lien notices, sale of property, guidelines for issues involving late fees, and enforcement procedures.

The new legislation in Tennessee went into effect on July 1, 2011. Dee Sharp, Tennessee Self Storage Association President, said, "The passing of this bill is a significant milestone for our industry because it gives parameters that level the playing field among competitors and protects consumers' interests." [More]

This Monday, Women Investing in Nashville, a Nashville group of women who invest in real estate, will host a speaker focusing on investment opportunities in the self-storage industry. The speaker will be Anne Williams, past president and co-founder of the Tennessee Self-Storage Association. Women Investing in Nashville chose to invite Williams to speak because many of its members are interested in investing in commercial real estate. Williams' topic will be, "Self Storage as an Investment Strategy."

Williams has been working in self-storage for ten years. She began working in the industry as a district manager for Extra Space Storage and currently is a self-storage investment broker for Marcus & Millichap. Williams co-founded the Tennessee Self-Storage Association, served as its vice president in 2008, its president in 2009, and now serves as its treasurer. [More]