Contributing Editors

SpareFoot Creates Storage Industry Disaster Relief Fund

by Winnie Hsiu April 30, 2014 8:47 PM
Sunday, a rash of tornadoes hit the Midwest and the South. Monday, a fresh flurry of deadly twisters raged though the same region. The extreme weather system also brought severe thunderstorms, hail, and flash floods.

Homes were ripped from their foundations. Vehicles were tossed about like toy Matchbook cars. Residents of Little Rock re-lived a nearly identical experience from the twister in April of 2011 that took almost the exact same route. [More]

Overseas Expansion Might Be Where It’s At In The Self Storage Industry

by John Stevens January 15, 2014 11:28 PM
Everyone wants to come up with the next big product. If they do they can practically guarantee themselves a financial windfall as the world buys only their product while others figure out how to copy it. The problem is that in this day and age it is becoming harder and harder to come up with the next big thing. So what’s an investor to do? [More]

Self Storage Industry Catching on in Singapore

by Tony Gonzalez September 26, 2011 2:48 PM
The trouble that many industries have in the U.S. is that it is only a matter of time—and usually not that much—before any successful enterprise gets copied. Before you know it, the market is saturated and the task of making a profit gets a whole lot tougher. The self storage industry has found that when the going gets tough, they can just head to another country. [More]

UK Self Storage Industry Primed for Expansion

by Tony Gonzalez August 26, 2011 6:09 PM
Often times the United States ends up being the unofficial testing ground for the future trends the world falls in love with. In the 1960s it was the first to give self storage facilities a try. Fast forward to the present day and self storage has become a $20 billion a year industry. [More]

Self Storage Business Booming for Extra Space Storage in Singapore

by John Stevens June 8, 2011 7:59 AM
Since Singapore’s Extra Space Storage opened in 2007, it has reflected a phenomenal leap in business of almost 13 times from its $4.8 million value when it first opened self storage facilities on the island nation. In the fiscal year 2010, total company assets were worth $62 million. Extra Space keeps an edge over its competitors because it puts an emphasis on service, offering customers highly personalized treatment. [More]

Self Storage Could Lose Some Business From Military If More Personnel Opt to Buy Homes

by John Stevens June 1, 2011 12:10 PM
When military personnel are deployed for six months or longer, what happens to all of the possessions left behind? Members of the military are big users of self storage because they either stay in government quarters or rent an apartment for a short period of time and usually do not own a home. Because they are constantly on the move, renting a storage unit often makes more financial sense than maintaining a residence to house possessions. But more military members are taking notice of the Basic Allowance for Housing (BAH) available to qualified service members, and turning an interested eye towards home ownership. This could have an impact on self storage companies that cater to the military. [More]

Who Let the Dogs Out at the Self Storage Facility?

by John Stevens December 16, 2010 7:48 AM
Storage facilities across the United States probably haven’t imagined a bunch of dogs traipsing through their buildings as having any benefit at all. [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]

Will the Small Business Jobs Act Help Self Storage Businesses?

by Tony Gonzalez September 17, 2010 4:53 PM
The U.S. Senate passed legislation yesterday designed to make it easier for small businesses to create new jobs. The bill is called the Small Business Jobs Act. It was passed in the Senate by a vote of 61 to 38 and is expected to be passed by the House of Representatives, and signed by President Obama, next week as well.

According to the national Self Storage Association, about 90 percent of self storage companies are owned by individual entrepreneurs who each operate just one self storage facility. In the United States today, there are around 27,650 self storage owner/operators who own and operate one facility each. Will the Small Business Jobs Act help these self storage business owners? [More]

Asian Wine Collectors Anticipate Fall Auctions in Hong Kong

by Winnie Hsiu September 16, 2010 3:49 PM
In a personal finance article at the end of August, U.S. News & World Report senior editor Kimberly Palmer argued that collecting expensive bottles of wine is a waste of money. She points to a study done by Stanford Graduate School of Business and California Institute of Technology researchers, in which people offered a taste of the same wine in two different glasses insisted that the one labeled with the more expensive price tasted better. Serious wine collectors, though, would disagree. This fall’s wine auctions at Christie’s and Sotheby’s in Hong Kong will cater to the most serious wine collectors in the world -- most of whom will not actually taste the wines they buy at auction, but will instead store them as an investment, in climate-controlled storage units that have their temperature and humidity recorded every few seconds. [More]
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