How to Maximize Self-Storage Call Conversions The self-storage industry is booming. With market projections skyrocketing from $59.03 billion in 2023 to an anticipated $86.05 billion by 2028, growth is showing no signs of slowing down based on research provided by Asset Growth Agency. Key drivers include increasing urbanization, shrinking living spaces, and lifestyle trends like […]
Smart Market Research: How to Track Competitor Rates in Self-Storage to Stay Ahead The self-storage industry is characterized by both competitiveness and dynamism. To maintain a leading position with competitor rates in self-storage, operators must diligently monitor market trends, adjust pricing strategies, and refine tenant service offerings based on insights derived from competitors. Conducting effective […]
How to Optimize Your Self-Storage Website for Local SEO Being visible online isn’t just a luxury for the self-storage industry; it’s a necessity. Most customers searching for self-storage solutions rely on local search to find nearby facilities. With nearly 46% of all Google searches having local intent, ensuring your website ranks well locally can mean […]
How Independent Operators Compete with REITs in Self-Storage: Relationship-Driven Strategies for Long-Term Success How does one compete with REITs in the self-storage industry? Independent operators often face steep challenges. With large Real Estate Investment Trusts (REITs) offering lower prices and aggressive marketing tactics dominating the market, smaller businesses can feel stuck in a race to […]
How Self-Storage Owners Can Increase Self-Storage Rental Conversions: Identify Your Target Market and Drive Tenant Referrals The self-storage industry is experiencing heightened competition, necessitating that owners implement more strategic and focused marketing approaches to increase self-storage rental conversions. This task can become increasingly challenging amid the daily responsibilities of managing staff and facilities. An essential […]
How to Create a Self-Storage Disaster Prevention Plan with XPS Solutions Disasters rarely give advanced notice, yet their impact can be devastating. Fires, floods, and tornadoes can strike without warning, leaving self-storage facility owners and operators struggling to maintain safety and business continuity. For your tenants, disasters can spark immense anxiety over the safety of […]
Reviewing and Updating Policies: Staying Compliant with State Self-Storage Employer Laws Running a self-storage business involves more than just maximizing unit occupancy or promoting your services; it also requires fostering a workplace that prioritizes compliance, fairness, and employee satisfaction, while navigating self-storage employer laws effectively. One crucial aspect that is often overlooked, yet essential for […]
How Facility Owners Can Reduce Utility Expenses and Maximize Self-Storage Cost Management Operating a self-storage facility comes with a distinct set of challenges, particularly in self-storage cost management. Among the most significant expenses for facility owners are utility costs, encompassing energy consumption and water usage, which can rapidly accumulate and weigh heavily on monthly budgets. […]
Navigating Tenant Delinquent Payments in Self-Storage Dealing with tenant delinquent payments is a universal challenge for self-storage operators. While late payments can offer a silver lining through additional revenue from late fees, they can also bring about regular operational challenges, legal complications, and strained tenant relationships. To effectively navigate the complexities associated with tenant payment […]
