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Self-storage is a viable alternative for housing goods, vehicles, business materials or other items when you have run out of space or need a place to store your overflow. Used by homeowners, renters, students, military personnel and business facilities, the options are endless.
Most self-storage facilities offer 24-hour security surveillance with additional protocols in place to ensure your items are under consistent protection. The current self-storage industry is continuously growing with about 2.3 billion square feet being used in the United States. The trend has shifted to an online marketplace, where consumers can find the facility, unit, size and amenities they need with the click of a button.
If the area of the country you are storing reaches temperatures of 90 degrees and above, facilities may use air conditioning units to keep your belongings from rotting or molding and in areas that fall below freezing temperatures (32 degrees) facilities may use heating units to prevent your belongings from cracking or warping. Musical instruments, important documents, oil paintings, fine furniture, electronic and computer equipment, fine linens and clothing, perishable items are just some of the examples that will benefit from climate controlled storage.
Outdoor storage units, in most cases, will only provide the basic moisture protection offered by a roof and concrete or gravel floor plus protection against some elements like wind and rain. Indoor self storage units are typically located inside large building with sometimes several floors.
Newer and more advanced facilities, offer indirect heating and cooling to your unit by maintaining the entire building within a temperature range, this in addition offers some humidity control.
The extra expense to rent a climate controlled storage unit may outweigh the cost of having damaged goods to sort through when you need them.
While most wine is consumed within 24 hours of purchase, fine wines are often set aside for long-term storage. The popularity of consuming and collecting wines has created a new niche in the self storage industry. Mostly used by students this small units can hold up to 150 square feet or more of their possessions.
A drive up storage unit, although convenient, may not offer the amenities an inside unit offers.
Depending on the size, these outside units can also accommodate your vehicle, boat or motorcycle. Document storage will keep your documents safer and in most cases will deliver them where you want them and when you need them. If you are a small enterprise and want to store your paper records yourself in a storage facility, make sure you choose a climate controlled unit, preferable an inside unit and use crates on the floor to prevent damage from moisture and the occasional flooding.
Media storage will ensure that the critical data your business will need to continue to operate successfully will be available if a disaster should occur. You have convenient access to your unit and personal property at any time – day or night. Climate-controlled heated and cooled units are available for your specific item storage needs. With your needs in mind, we have parking and storage for your automobiles, recreational vehicles, and boat storage. 24-hour monitoring, computerized and secure gate access, and units equipped with alarm systems, gives your property unequaled protection. We are your one-stop storage solution center, providing everything you’ll need for the secure storage of your possessions.
More convenience – you choose and supply your own style and quality lock and key, allowing greater flexibility and control over who has access. Video surveillance technology plays a large part in our security system and policy, allowing us the ability to constantly monitor the premises.
In this article I want to walk you through the process of creating financial projections for a startup self storage facility. Out of your potential market, only a certain percentage would even consider using self storage. Your marketing efforts should lead to a successful conversion of some of your target market into customers. This is not part of your revenue projections, but it is really important to know the cost to acquire 1 customer.
One of the most important pieces to your revenue projection puzzle is how long does a customer stay a paying customer?
Then add your recurring customers to your new customers and you will get your total current customers. Finally, estimate how much space each customer will rent on average and the rate they will pay per square foot to come up with the average rent per month per customer. You will likely have to pay 1 full time person to manage the facility, sign up new customers, collect payments, etc. Unless you can pay cash for the facility, you are likely going to have a mortgage on the property.
You will also need a good insurance policy to cover your facility and your tenants valuables. You will want to have good lighting at the facility at night which will probably be your primary utility cost.
Now that you have your revenue and expenses projected, you can estimate what occupancy rate you must have in order to breakeven.
When managed well, industry experts estimate that you should be able to generate a 30% Return on Investment when you have a 90% occupancy rate at your storage facility. Now that you have done all of the leg work, if you need to complete a 3 year financial projection for a potential investor or lender, you can use our ProjectionHub web app to complete a 3 year Income Statement, Cash Flow Statement, and Balance Sheet projection.
Connected Home Blog - AllconnectSave on home utilities and learn more about moving, smart homes and green energy. After you’ve decided what to store, first consider whether you need climate-controlled storage.
Many climate-controlled facilities are indoors, which reduces the likelihood of infestation by bugs and rodents.
First Choice Mini Storage in Lakeland, FL provides a range of clean and secure self storage and RV storage options to residential and business customers throughout the Orange and Polk county areas, including Polk City. Available in a variety of sizes and styles to fit your needs, a self-storage unit can be considered a great solution for providing extra space that is accessible when you need it. Most self-storage facilities offer a variety of offerings, including climate-controlled, drive-up, business storage, document storage and a host of other selections.
Open 7 days a week, these units are available before and after standard business operating hours for increased flexibility. There are currently five publicly traded real estate investment trusts (REITs) which control about 12 percent of the market. Online searches have become more relevant, being able to provide unique searches based on client preference. Because of this, climate controlled self storage units may have an added cost, depending on how much value you place to your items, this added cost may be well worth it. High humidity can create mold and mildew, these mixed with high temperature could damage almost anything. Check with the manager of the facility to see if their drive-up, garage style self storage units will offer some sort of climate control, some do and some don’t.
While this enclosed units may have some type of heat and air circulation throughout the building, with temperatures slightly more comfortable that the outside temperature, it might only be enough to protect against dust and damage. Some facilities also offer units with climate control features that will maintain the unit between a range of temperatures approved by the tenant ahead of time.
Always remember to ask the storage facility manager the temperature they keep the building it might just save your belongings from mother nature.
To protect them from dust, scratches and germs, place a tarp or plastic film on the floor, a cardboard will work better and if you use wood it would be best. Wine is one of the few commodities that can improve with age but it can also rapidly deteriorate if kept in inadequate conditions. Whether you are an avid wine collector who is running out of room in your own wine cellar or just getting started, we know that quality storage for wine is very important. Facilities that offer wine storage have specialized packages and they depend on your collection size and the length of time you will be storing.
These units are typically located outside the main building of a storage facility and are a garage like unit with roll up doors and concrete walls.
Document storage can provide your business with quick access to critical information and at the same time free-up office storage space. These facilities are normally in fire lock data security vaults that protect any type of digital media from fire and more. It offers the peace of mind that important documents and data will be safeguarded and available when they are needed in the future. Our 24-hour security monitors and protects every unit, including the use of a reliable security alarm system. Indoor facilities may also provide better security since they are locked and alarms set when there is no manager on duty. Standard unit sizes ranges from 5 feet wide and 5 feet deep (5 x 5) to 10 feet wide and 30 feet deep (10 x 30). Facilities also offer storage and moving supplies, push carts, dollies and online access to provide an enhanced customer experience. Originally conceived during the post-World War II era, self-storage has now become one of the most thriving industries on the planet.
A popular remedy for extra space, one out of ten households in the United States has a self-storage unit, even with a garage at their disposal.
As the industry continues to grow, online marketing in the self-storage industry has evolved to include comparison shopping, account management, online rental and content that caters to specific target audiences. Certain items may need a better level of climate controlled storage to keep them protected. Use some moisture absorbing tools to keep humidity levels low and the use of deodorizers in your unit (even old fashioned baking soda) will keep the unit fresh. The three factors that have the most direct impact on a wine’s condition are light, humidity and temperature.
Things like temperature and wine storage humidity control are very important things to consider when looking for a wine storage unit. Facilities specializing in wine storage have built custom wine cellars and wine storage cabinets to meet the needs of their unique clientele. With one of this small self storage lockers, you have complete control on what you can store it and who has access to it.
Document storage companies are state of the art facilities and most will bar code your boxes for easy retrieval and for secure offsite document storage. Back up tapes, streaming cartridge tapes, optical discs and irreplaceable media such as vhs videos, audio masters tape, micro cassette tape, laser and video disc, voice and surveillance tapes, DVD and CDs are just some of the type of media storage that need special handling and care.
Make sure you find out the expected temperature ranges for your storage unit. There can be a great degree of variation in the industry. We have storage units in a wide range of sizes, with both indoor, climate-controlled storage units, as well as convenient drive-up units.
Self-storage units are usually rented on a month-to-month basis but vary based on customer needs. It has grown faster than any other real-estate related industry and is dominated by self-owned facilities, also known as “mom and pop” locations. Approximately 65% of homeowners who have a storage unit have garages, 47% have attics and 33% have basements. The experience of renting a self-storage unit has now become easier than ever and will continue to evolve for the future. This barcode technology will ensure complete accuracy in all areas of storage: archiving, retrieval and destruction. Even though displaying your wines in your kitchen sounds like a good idea, the contrary is true, wine should be stored in specialized storage unit that offer climate control features. Some of those conditions are: Adequate temperature and humidity control in their wine storage units, adequate security and protection for your wine investment, insurance for the wine you store in their units. If you have any specialized storage needs (like records or inventory storage), please let us know and we will do everything we can to accommodate your needs.
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Published at: Cheap Sheds