Minimizing Risk in Self-Storage: Employment Practice Liability Insurance
What the risk-management process lacks in excitement it more than makes up for in importance. Since the absence of an effective risk-management plan can undermine even the most successful business,...
View ArticleControlling Slip-and-Fall Liability: Tips for Self-Storage Facility Operators
Self-storage operators are not immune to slip-and-fall liability. While the volume of foot traffic at a self-storage facility may not reach that of other types of businesses, customers must still enter...
View ArticleSBA Loans: Are They A Revolution In Self-Storage Financing?
As of the release of the Standard Operating Procedures (SOP) 50 10 (5) (C), effective October 01, 2010, if an entity is “primarily engaged” in the provision of mini warehouse / storage services, not...
View ArticleSelf-Storage Practice Pointer: Waivers Under the Servicemembers Civil Relief Act
When it comes to enforcing a storage lien against a delinquent servicemember-tenant, owners and operators of self-storage facilities must make sure they proceed in accordance with the Servicemembers...
View ArticleUsing Rental Agreements to Limit Liability Exposures Facing Self-Storage...
As with any business, self-storage facilities must take affirmative steps to protect the bottom line. Unfortunately, too many self-storage facilities overlook perhaps the most important and effective...
View ArticleMoving Up: Raising Self-Storage Rents
By Elizabeth FerrinSome self-storage managers have adopted a strategy of using sophisticated algorithms and demand analyses designed to maximize revenue when calculating their rents. This means that...
View ArticleFlorida’s New-Look Self-Storage Facility Act: Are You Ready?
On April 27, 2012, a bill amending Florida’s Self-Storage Facility Act (Act) was signed into law by Governor Rick Scott. The bill primarily implements changes to the notice requirements related to...
View ArticleInsurance Designed for Self Storage Facilities
When considering insurance, owners and operators of self storage facilities often focus on traditional coverages despite facing risks that are unique to the self storage industry. As a result, some of...
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Protecting Valuable Business Papers and Records
Businesses often prepare an inventory of valuable property to simplify the process of filing an insurance claim in the event of a loss. For some reason, papers and records rarely make the list, even...
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Self Storage Facilities: Protecting the Bottom Line
Most businesses rely on their facilities to manufacture products or provide services. In the self storage industry, the facilities typically are the product. If property loss or damage is not fixed...
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Vehicle Sales Can Be Risky Business for Self Storage Facilities
Dealing with delinquent tenants is an unavoidable part of operating a self storage facility. Strict legal requirements make enforcing storage liens and selling tenants’ property a risky proposition....
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Is a Resident Manager Ideal for Your Self Storage Facility?
Resident managers are not as common as they used to be in the self storage industry. For some self storage facilities, however, a manager living on the premises may be the key to running a successful...
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Is Your Self Storage Facility Prepared for the Next Disaster?
Preparation is the key to surviving a natural or human-caused disaster. Nevertheless, a survey by the Ad Council found that 62% of respondents did not have an emergency plan in place for their...
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Is Your Self Storage Facility a Hazardous Workplace?
The fact that self storage facilities aren't typically considered dangerous workplaces doesn't mean operators can be casual about workplace safety. According to the most recent statistics from the...
View ArticleUsing Rental Agreements to Limit Liability Exposures Facing Self-Storage...
As with any business, self-storage facilities must take affirmative steps to protect the bottom line. Unfortunately, too many self-storage facilities overlook perhaps the most important and effective...
View ArticleMoving Up: Raising Self-Storage Rents
By Elizabeth FerrinSome self-storage managers have adopted a strategy of using sophisticated algorithms and demand analyses designed to maximize revenue when calculating their rents. This means that...
View ArticleFlorida's New-Look Self-Storage Facility Act: Are You Ready?
On April 27, 2012, a bill amending Florida’s Self-Storage Facility Act (Act) was signed into law by Governor Rick Scott. The bill primarily implements changes to the notice requirements related to...
View ArticleInsurance Designed for Self Storage Facilities
When considering insurance, owners and operators of self storage facilities often focus on traditional coverages despite facing risks that are unique to the self storage industry. As a result, some of...
View ArticleClik here to view.
Protecting Valuable Business Papers and Records
Businesses often prepare an inventory of valuable property to simplify the process of filing an insurance claim in the event of a loss. For some reason, papers and records rarely make the list, even...
View ArticleClik here to view.
Self Storage Facilities: Protecting the Bottom Line
Most businesses rely on their facilities to manufacture products or provide services. In the self storage industry, the facilities typically are the product. If property loss or damage is not fixed...
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