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Self Storage Articles
Welcome self storage facility owners. Argus Real Estate, the leader in Self Storage purchases and sales, is pleased to present articles on self storage ownership, self storage sales, valuation of your self storage facility and other useful tips for self storage owners and prospected self storage owners.
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Market Monitor Articles
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Watching Your Pennies Will Make You Dollars July 2007
Benjamin Franklin once said that “a penny saved is a penny earned.” The same holds true in the real estate business, except that we can expect an even greater return when we make an effort to save on operating expenses. At one time or another, we have all looked at our to-do list and thought “I can do that next month.” Reviewing your operating expenses, however, is not one of those things you can afford to put off until next month. Operating expenses need to be reviewed regularly to ensure that the value of your property and its cash flow are not being undermined by subtle, yet devastating, increases in operating expenses. We have all received service contracts with a notice of an annual increase, it is time to take that seriously and understand the true effect of the rise in operating expense on the value of your facility. Read Full Article
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Using Multiple Channels to Maximize Web Exposure May 2007
In today’s competitive business environment, maximizing your advertising and marketing budget is an absolute necessity. With Internet penetration at 70% and climbing, the Web is increasingly becoming the advertising vehicle of choice for savvy marketers. This shows in online advertising spending which has doubled from $6 Billion in 2003 to over $13 Billion in 2006. But, the Web is diffused medium, and experienced marketers are finding that a website alone does not help build your business or fill your facility. The key to successful marketing on the Internet is to first have your message available to many Internet users, and second, to give them multiple opportunities to convert and become a customer. Read Full Article
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Technology and Your Facility's Value Inside Self Storage, May 2006
After over 30 years in the real estate business, I am continually surprised at the advancements in technology that help us do business, and the Internet is no exception. We all know about the importance of having a presence on the Internet for our businesses, but there is one principle concern that is always foremost in my mind – what is a property worth and why? Read Full Article
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Broker Roundtable: The Southeast States Insude Self Storage, April 2006
Our Roundtable of experts gathered this month to discuss the Southeastern United States. Let’s hear what our local experts have to say about their respective cities and regions. Our Southeast Brokers: C. William Barnhill, CCIM and Stuart LaGroue (Omega Properties, Inc.) in Mobile, AL – representing the Florida Panhandle; Dale C. Eisenman, CCIM (Midcoast Properties, Inc.) in Hilton Head Island, SC – representing North Carolina, South Carolina and Georgia; Malcolm MacLeod (The Huntington Group, Inc.) in Palm Beach, FL - representing South Florida; and W. Frost Weaver (Weaver Realty Group) in Jacksonville, FL – representing North and Central Florida join us in this survey. These are unique economic times, so we wanted to ask our local brokers some pertinent questions that every owner and potential buyer will find helpful. Read Full Article
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Colorado: Self Storage in the Centennial State Mini-Storage Messenger, April 2006
Today, the real estate market overall is
booming in Colorado. For the first time,
investors paid more than $3 billion for office
buildings, retail, and industrial properties in
the Denver area in 2005. And the $3.1 billion
in sales topped 2004’s $2 billion tally by
55 percent. Read Full Article
This article is provided courtesy of the Argus Self Storage Sales Network with the permission of Mini-Storage Messenger magazine. © MiniCo, Inc. All Rights Reserved. It is not intended for further reproduction/distribution without the exclusive permission of MiniCo, Inc. For reprints of this article and others, visit www.minico.com.
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