Contributing Editors

Self Storage Company Helps Find Solutions as New Orleans’ Small Businesses Face a Critical Blow

by John Stevens May 31, 2011 10:46 AM
Avondale Self Storage is among the 400 small businesses struggling to find a way to survive as New Orleans’ largest manufacturing employer prepares to close and leave the state with 5,000 jobless, a move that could cripple the city’s economy. [More]

How Will Government Job Cuts Affect Self Storage?

by Tony Gonzalez October 8, 2010 10:08 AM
More unemployment. More foreclosures. More downsizing. More entrepreneurialism. More adults living at home. That’s what economists are predicting in the wake of the loss of a shocking 95,000 jobs in September -- a crash in employment far worse than had been predicted. For the self storage industry, an economic change such as this can be good and bad. All businesses tend to suffer when the economy suffers, but self storage facilities may be asked to step into the breach as families look for places to put some of their belongings as they downsize from a larger home to a smaller, more affordable one, or as they invite family members and friends to move in with them to save money. [More]

Families Turn to Self Storage After Falling Prey to Loan Modification Scams

by Tony Gonzalez July 7, 2010 3:21 PM
The nation is slowly coming out of the recession, and unemployment rates are starting to drop. But many people, even after getting a new job, are struggling to catch up on their debts -- especially back mortgage payments. Bankruptcy rates are slowly rising. All too many families, seeking bankruptcy protection or trying to avoid foreclosures, have fallen prey to financial scams. One common scam occurs when a company takes money from a family, agrees to make arrangements for a mortgage loan modification with the bank or lender, and then does nothing, letting the property go into foreclosure. Ironically, some people have gone into foreclosure or bankruptcy right after becoming employed again. Many such families have turned to self storage facilities at the last minute, storing their possessions while looking for a place to live. [More]