Let’s use to use Jan. of 2024 as a back to the basics on how to get in the self-storage business, or grow one in these challenging times, I thought I would talk again about what makes a good site for self-storage.

I have made some real mistakes here in the past.

I think there are four main elements that make a great self-storage site for development.

Let me share them with you.

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As I write this in Jan 2024, I get asked a lot “What and where are the best self-storage opportunities today.”

If you are a small investor or new to the space, let me share with you what and where I am focused on today, given the current realities.

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Creating Wealth Through Self Storage

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Most of us who are in the self-storage business or own our own businesses set yearly goals.

I recently went through the process I use prior to setting my goals with the members of our Inner Circle community, and it seemed to make an impact, so I thought I would share it with you.

Before I create any new goals, I want to make sure nothing that can slow down or interfere my success is being brought forth by me.

**Online Courses at The Quickstart Academy**

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Creating Wealth Through Self Storage

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A quick holiday message for you and wishing you a Happy Holiday season from Mark Helm.

Let’s make 2024 one for the books.

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Creating Wealth Through Self Storage

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This year has been an interesting one for many of us small investors in the self-storage space.

Let me share some of my challenges with you, but more importantly, a way to create the following year for you in the self-storage space.

**Online Courses at The Quickstart Academy**

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** 5 KPIs we measure**

**My blog**

Creating Wealth Through Self Storage

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**The Storage World Analyzer**

**The QuickStart Academy Store**

Four hundred episodes over eight years.

Here is what it looks (or sounds) like.

The numbers change. The people change.

But do the fundamentals remain the same?

Video Link: https://www.youtube.com/watch?v=IseSapYfcJA

How To Create A Successful Self-Storage Business

Many of us get into self-storage because we are looking for freedom. Both financially and with the freedom to manage our time as we see fit.

And yet, we are often even busier than ever before.

But if we are not careful, one day, we wake up and wonder why we are not anxious to get up and “run” our business.

Let me share a couple of things I wish I had learned when I bought my first self storage project.

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Creating Wealth Through Self Storage

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In today’s self-storage industry, one of the biggest challenges we have today as small self-storage entrepreneurs is the rising disconnect between the rates quoted by Real Estate Investment Trusts (REITs) and the actual rental prices in the market, including their own effective rental rates.

Let’s look at how that affects small self-storage investors like us and a few solutions.

**Online Courses at The Quickstart Academy**

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** 5 KPIs we measure**

**My blog**

Creating Wealth Through Self Storage

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**The Storage World Analyzer**

**The QuickStart Academy Store**

Why in the world would someone ever consider a hard-money loan for refinancing a self-storage facility?

Well, for a few it may not be as far-fetched as it sounds.

Let’s look at a few scenarios.

**Online Courses at The Quickstart Academy**

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** 5 KPIs we measure**

**My blog**

Creating Wealth Through Self Storage

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**The Storage World Analyzer**

**The QuickStart Academy Store**

Let’s talk about property insurance.

I don’t think many of us are prepared for the premium increases we are going to see over the next few years.

The days of predictable, marginal increases are behind us; in fact, we’re now entering an era where insurance costs could skyrocket by as much as 10% to 20% annually, if not more.

Let’s discuss how this could impact your underwriting and project performance.

**Online Courses at The Quickstart Academy**

**Listen on Apple Podcasts**

** 5 KPIs we measure**

**My blog**

Creating Wealth Through Self Storage

**Facebook**

**Twitter**

**The Storage World Analyzer**

**The QuickStart Academy Store**