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Shares for Sovran Self Storage Gain Momentum

Article-Shares for Sovran Self Storage Gain Momentum

Shares for Sovran Self Storage gained 0.33 percent earlier this week, trading from $38.88 to $39.23. The shares are currently trading above their 50-day moving average (MA) of $38.04 and above their 200-day MA of $36.15.

SmarTrend has the shares in an Uptrend and expects the share price to pull back to the $39.07 support level, then upward with its peers designated in the SmarTrend real estate investment trust-industrial industry.

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Self-Storage Auctions on the Rise in Maine

Article-Self-Storage Auctions on the Rise in Maine

Self-storage operators in Portland, Maine, are experiencing an increase in auctions, as homeowners and businesses continue to struggle to make ends meet in todays tumultuous economy.

Uncle Bob's Self Storage, Portland Self Storage and Morrills Corner Self Storage all held auctions recently in attempt to recoup money lost to non-paying tenants.

Justin Manning, owner of Yarmouth, Mass.-based Storage Auctions USA, which conducts self-storage auctions, told The Portland Press Herald business has increased dramatically. Some operators are holding twice as many auctions as they did before the recession.

In Maine, self-storage operators have the right to sell the contents of a unit once the tenant is in default for more than 45 days. Tenants must be notified of the sale and operators must also post public notices.

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A&E to Film Auction at Southern California Self-Storage Facility

Article-A&E to Film Auction at Southern California Self-Storage Facility

A member of Self-Storage Talk, the industry's largest online forum, announced via this thread that the Arts and Entertainment network (A&E) will be filming an auction at her facility in the near future, probably some time later this month.

AirportSuperStorage, a member of the forum since 2009 and a manager at an Inland Empire facility, has expressed her excitement of having a major cable network filming on her property. Aside from being excellent for name recognition and marketing, shes excited about the prospects of her staff and herself appearing on television. She is aware, though, that her auction must be run perfectly, or the world will see the snags. She doesn't know which program they're filming for, but she does know the producing team is the same one for shows such as "Deadliest Catch" and "Ice Road Truckers." She also promises to keep the forum updated when she knows more.

The facility owners and network have recently agreed to terms, the specifics of which are not known. AirportSuperStorage has asked the community if anyone has had film crews on their property. Is there anything she should be particularly cautious about? Are there drawbacks to being featured on television? Log on to Self-Storage Talk to answer her questions or read more about what's going on. You must be a registered member to post, but registration is free and takes only a few minutes.

Live and continually growing since 2008, Self-Storage Talk is the official online forum of Inside Self-Storage. The forum now boasts more than 3,600 members, 3,500 discussion threads, and nearly 30,000 total posts.

Colorado Police Discover Stolen Property in Self-Storage Units

Article-Colorado Police Discover Stolen Property in Self-Storage Units

A tip led to the discovery of thousands of dollars of stolen property in two self-storage units in Aurora, Colo., and the arrest of one man.

The East Metro Auto Theft Team (EMATT), a partnership of several area law enforcement agencies, received a tip in mid-October about possible stolen property hidden in a storage unit at an Uncle Bob's Self Storage. EMATT began surveillance at the site then executed a search warrant Oct. 16.

Police found two units filled with stolen goods. They also discovered a man, Ali Samei, living inside a unit, and allegedly trading methamphetamine for the stolen property. Samei was taken into police custody and is facing drug charges. The investigation is ongoing.

Police believe the items were taken from homes and cars in Ft. Collins, Boulder, Denver and Douglas County. With the help of the local media, police are attempting to track down the owners of the property, which includes home and car stereos, tools, handbags, comic books, cell phones, a baseball-card collection and other items.

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N.Y. Police Find $100K in Counterfeit Handbags at Self-Storage Facility

Article-N.Y. Police Find $100K in Counterfeit Handbags at Self-Storage Facility

Two men from Queens, N.Y., have been charged with counterfeiting after police discovered a self-storage unit filled with fake Coach and Louis Vuitton handbags.

Officers arrived at Tell Avenue Mini Storage in Deer Park, N.Y., about 7:30 p.m. Saturday. There they found more than 200 boxes of counterfeit handbags in a unit and in a rental truck. The street value of handbags is more than $100,000. He Bao, 32, and Jie Dai, 26, were arrested and charged with trademark counterfeiting.

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ISS Blog

Managers Talk Maintenance on Self-Storage Talk

Article-Managers Talk Maintenance on Self-Storage Talk

Self-storage managers are asked to be jacks or jills of all trades. They must be salespeople, marketing gurus, leasing agents, collections agents, office managers, security officers and, last but not least, maintenance directors. Whether or not the manager is the person out scrubbing doors and sweeping units (though many times, that's the case), he or she is responsible for making the facility appear in tip-top shape. The locks must work, the doors and gates must open and shut, and the grounds must be clean.

Most managers, meticulous by nature, take pride in keeping their facilities clean, and they're constantly looking for better ways to do it. Self-Storage Talk, the official online forum of Inside Self-Storage, is a perfect outlet for managers to ask for help with those pesky maintenance issues and share ideas. It's evident by the response to this recent thread, the latest in a string of maintenance topics. The thread-starter is looking for an alternative to power-washing her roll-up doors, which are extremely dirty (beyond the "just wipe them off" stage), but will be damaged by power-washing. Other managers were quick to offer suggestions.

One suggests a two-phases process: sweeping the dirt and dust and then using a scrub brush. Another reminds her that she can adjust the pressure on her power-washer so that it hopefully won't dent the doors. This poster, Autodoc, also shared that she can use trisodium phosphate to remove rust. Other members, who just happened to be reading the thread, thanked Autodoc for this tip, which is apparently working for them as well.

Another member added that the manager should get some cleaner designed for aluminum siding and rig together a broom-brush hybrid, with a handle long enough  for the contraption to reach the tops of the doors. Others suggests ways they can rig their facility golf carts or gators to hold tanks of cleaner fluid while they drive around and spray the doors. What cleaning creativity! The original poster thanked everyone for their ideas, and she's going to use a little bit of all of them to tackle the 445 doors she has to clean this week. (Sadly, reading the forum won't actually clean the facility for you.)

Turning to the forum helped put together a plan for how this manager could accomplish the task at hand. Does SST sound like a benefit to you or your managers? If so, feel free to jump in to the discussions. You must be a registered member to post, but registration is free and takes only a few minutes.

Hampshire Self Storage Supports Toys For Tots

Article-Hampshire Self Storage Supports Toys For Tots

In an effort to help those in need this holiday season, Hampshire Self Storage, an operator of 11 self-storage facilities in New Jersey and New York, is acting as a donation station for Marines Toys For Tots Foundation.

Hampshire Self Storage will accept toy donations at 10 of its facilities through Dec. 12, then the toys will be gathered by Toys For Tots and distributed to those in need. The facility will also give the charitable organization complimentary storage for the donations.

Zippy Shell USA Mobile Self-Storage Opens in Central Florida

Article-Zippy Shell USA Mobile Self-Storage Opens in Central Florida

Zippy Shell USA, which offers door-to-door mobile self-storage, recently opened in central Florida. The company is owned by Bob Scheid and Josh Scheid, area residents and owners of Storage Strategies LLC. The two have entered into a franchise agreement with Zippy Shell USA LLC.

Zippy Shell mobile-storage containers can be parked as a registered vehicle in and around cities, and is equipped with an alarm and GPS system.

"We're thrilled to join the Zippy Shell family. Central Florida is home to us and our business, and we understand the various moving and storage needs of our customer base. The Orlando metro and surrounding area has had a need for a service like Zippy Shell provides that would give customers a unique and affordable door-to-door self storage option, and we're happy to fulfill that," said Scheid, CEO, Storage Strategies LLC.

Training Self-Storage Managers: Creating a Manual, What to Teach, Choosing a Trainer and More

Article-Training Self-Storage Managers: Creating a Manual, What to Teach, Choosing a Trainer and More

By Carol Krendl

Whats the most important sales feature at your facility? If you didnt answer the manager, think again. In the past, self-storage operators would worry about competitors building facilities within 5 miles of their own. Today theyre lucky if there isnt another complex right down the street.

To remain competitive, operators must have highly trained and motivated staff. The days of the retired mom and pop resident managers are over. Training is no longer a luxury reserved for larger companies; its a necessity. To assess your personnel needs, ask yourself:

  • Are my managers maximizing profit?
  • Are they building value into my stores through their sales techniques?
  • Do they know my company policies and goals?
  • Are they customer-service-oriented?

If you answered no to any of the above, your organization needs a manager-training program.

The First Giant Step

In assembling a training program, you must first decide what information all managers should be required to have. This calls for an operations manual, which will enable your company to standardize its community. It will also provide your trainer with a text from which to instruct new personnel. An operations manual should cover the following topics:

  • Company policies
  • Job overview
  • Marketing
  • Inspections
  • Renting space
  • Computer/bookkeeping system
  • Deposits
  • Vacating units
  • Reports
  • Collections
  • Maintenance/supplies
  • Emergencies

The manual should be written at a seventh- or eight-grade reading level so it is readily comprehensible by all employees. Keep the writing as simple as possible and avoid being nitpicky. The manual should translate into an improved and streamlined business operation.

Discourage unnecessary tasks and paperwork wherever possible, and keep instructions clear and concise.

Choosing a Trainer

The majority of self-storage operators cannot justify the expense of employing a full-time trainer, so they often choose one from existing personnel. When considering candidates, look for people who will be positive role models for staff. Your trainer will present all the goals and objectives of the company to new employees. He should be patient, understanding and socially adept.

Keep in mind that not all people learn by the same teaching methods, so its important that your trainer can present information in various ways and keep students engaged. Both the teacher and the student should take responsibility for whats learned. In an adult learning situation, the employee:

  • Is an active participant in the learning process.
  • Has experience in the subject and brings that experience into the classroom.
  • Has unique needs that must be addressed.
  • Evaluates himself.
  • Immediately applies new concepts.

Group discussion and experimentation are common teaching methods. The more an employee participates in the training process, the more effective the training will be, and the longer the employee will be retained.

If you decide to hire a third-party trainer, be sure to ask the following questions:

  • Have you ever trained self-storage managers?
  • How long is your training process?
  • What type of follow-up training do you provide?
  • Who (or what system) is going to maintain this training?
  • Has your training program been professionally evaluated? What were the results?
  • How much does the training cost?
  • Is the training conducted on or off site?
  • What materials will the training include?
  • Who is the trainer?
  • What experience has the trainer had?
  • Can you provide training references?

A reputable training company will be prepared to answer any of the above questions. Before you commit to a program, investigate your options.

Three Stages of Training

1. Job introduction. All new employees should be introduced to the job before theyre required to fill the last managers shoes. The new hire should visit several competitors in the area. This will give him an idea of whats expected in the job, while familiarizing him with the industry.

The trainer should demonstrate computer or bookkeeping systems, sales techniques, and reporting systems while introducing the employee to the companys product. At this point, its important to familiarize, not instruct, the new employee. Once he becomes accustomed to the community, he should be allowed to thoroughly read the operations manual.

2. On-the-job training. If at all possible, the training should be conducted off site. This will ensure the new employee has individualized training before being confronted with a customer. If off-site training is not practical for your company, the trainer should begin the onsite training by using a checklist.

This list should cover every aspect of what the manager should know to complete the job. Be sure to include even small tasks and items, for example, the golf cart, elevator, supplies, keys, re-locks, etc. The trainer should have specific goals and objectives for each day of training. This will ensure he stays on track and provides the best instruction possible.

3. Behavior maintenance. Once the basic job information has been passed on to the new employee, you need to maintain the trained behavior. Maintenance of behavior is a training term that means whatever skills are taught must be reinforced with follow-up sessions or by supervisors who confirm the desired protocol is being followed. Think of it this way: A new car will last longer and run better if the owner makes a habit of checking the oil and tires and has the car tuned up regularly.

Much like a car, employees who are not maintained will eventually experience greater, more expensive problems than those who are. Once a manager has completed the training process, the trainer should review the employees written reports and visit with him regularly for at least a 90-day probationary period. This will allow the manager to demonstrate his improving skills.

Communicating Goals and Objectives

Effective training begins with an introduction to the companys goals and objectives. This sets the tone for the employees job experience. He should understand where the company places importance and how he should act within the manager position.

Obviously, profitability should be one of the companys objectives, and it should be stressed during the training process. Employees should be instructed in the economics of the self-storage industry. Managers will often discount prices, even during periods of high occupancy, assuming the goal of the owner/owner is to be 100 percent occupied. Teaching managers about the finances of the business will increase their understanding of why dollars deposited are more important than unit occupancy.

Managers should also be taught the importance of rent increases. A $1 increase in monthly revenue equates to a $10 increase in facility value. If employees understand this, they are better able to make decisions about discounting and its impact on cash flow.

A successful training process can allow your organization to be more efficient. Employees will be more effective as a result of knowing whats expected by their employer. Whether you use in in-house or third-party trainer, be sure to provide a clearly understandable operations manual, and adhere to the three training stages. Youll create stronger, more knowledgeable employees and a more profitable business.

Carol Krendl is president of SkilCheck Services, a management training and mystery-shopping company based in Lodi, Calif. In her many years in the training business, Krendl has trained more than 200 management couples. For information, visit www.skilcheck.com .