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6 Ways for Self-Storage Managers to Be More Productive on the Job

Article-6 Ways for Self-Storage Managers to Be More Productive on the Job

We all have those days when time flies, and others when time appears to stand still. Given these diametrically opposed situations, being more productive on the job can sometimes be a challenge for self-storage managers. Here are some helpful hints for productivity, regardless of the perceived speed of the clock.

1. Delegate. On those days when it seems there just aren’t enough hours (most any day really), learn to delegate. There are many tasks you might accomplish more quickly than a co-worker or employee; but if you make the time to teach him, he can be of more assistance by taking a duty from your plate. At the same time, you’re giving him a sense of participation and team belonging that makes your business run smoother.

2. Prioritize. Time is running out for the day, but you still have a stack of items to process on your desk, and you’re feeling overwhelmed. It’s time to prioritize!

What tasks simply must be completed? For you, it may be posting payments and closing the office. For another manager, it may be dealing with time-critical bids from vendors.

Organize everything into a few stacks instead of leaving all that work as one large mess. One pile should be for time-sensitive items, while the others are for items that can wait until the morning when you’re fresh, items that could wait for a later day, or items you could delegate.

3. Manage your time. Social media and customer interaction can be big time-wasters. We need to train ourselves to manage both. With social media, choose a limit for how long you’ll spend online and set a timer. It’s amazing how fast an hour can fly if you’re not cognizant. For e-mails, create form responses you can copy and paste to make customer interactions quicker and more succinct. You can always add a sentence or two to personalize it.

4. Take breaks. Sure, this may sound counterproductive, but it isn’t. Just stepping outside for a breath of air, doing some stretches and getting the blood flowing every hour to 90 minutes is good for productivity. It gives your mind a moment to refocus and a break from the doldrums or stress.

5. Skip the meeting syndrome. Whenever possible, say “no” to a meeting. If a meeting must occur, make sure participants are standing. That’s right—steer clear of the conference room! Nothing is as big a time-waster as meetings. Keep them short and to the point; and don’t let people get cozy and comfortable, or your gatherings will run longer than necessary. Deliver the message, and let people get back to the job at hand.

6. Give up multi-tasking. The human brain can’t handle two high-functioning items at once, no matter how adept you think you are at multi-tasking. Sure, you can hum a tune while wiping down a counter, but don’t expect to simultaneously respond to an e-mail and give your full attention to the customer standing in front of you or calling on the phone. Our brains do a lot of switching to accomplish two concurrent tasks, and then each item takes longer than if you simply focused fully on one then moved on to the other.

Do you have more productivity tips and tricks? If so, please post them below using the “Comments” link.

Gina Six Kudo is a storage-business consultant in San Jose, Calif. She has more than two decades of self-storage experience as well as a strong customer-service, sales and operations background. She's also a moderator on Self-Storage Talk, the industry's largest online community. To reach her, e-mail [email protected]

Amsdell Cos./Compass Self Storage Buys 3-Property Self-Storage Portfolio in Montgomery, AL

Article-Amsdell Cos./Compass Self Storage Buys 3-Property Self-Storage Portfolio in Montgomery, AL

Compass Self Storage, a member of the Amsdell family of companies, has acquired a three-property A Mini Flex Storage portfolio from Isaacson Family Enterprises LLC in Montgomery, Ala. Together, the properties comprise 166,509 rentable square feet in 1,298 units and 76 vehicle-parking spaces. The Montgomery market is new for Compass, according to company officials.

The facilities are at 200 S. Arrowhead Drive, 4220 Troy Highway and 4365 Virginia Loop Road. They were built between 1980 and 2016 on a total of 12 acres, according to SkyView Advisors, the real estate firm that represented the seller.

“We are proud to expand our Compass Self Storage footprint into the Montgomery market with the acquisition of these three self-storage centers,” said Todd Amsdell, president of Amsdell Cos. “We are committing to several physical improvements at the properties to ensure that we deliver top-notch service and value to our customers.”

Improvements include office renovation, the addition of digital access control and upgraded security. The Arrowhead property will undergo a “major expansion,” according to a Compass press release. Each of the facilities offers climate control, drive-up units, truck rentals, and moving and packing supplies.

The acquisition brings the Compass self-storage portfolio to 76 locations nationwide. The company has been actively pursuing purchases this year and previously indicated it will continue to look for acquisitions and development in select markets.

SkyView Advisors is a commercial real estate firm specializing in self-storage acquisition, development, facility expansion and renovation, refinancing, and sales. Ryan Clark, senior vice president, represented Isaacson Family Enterprises in the transaction.

Headquartered in Cleveland, the Amsdell Cos. draws its roots from the family-owned construction company founded in 1928. Since its inception, the company has been active in several billions of dollars of real estate ventures, with a primary focus on self-storage. It has owned and operated more than 500 storage centers under various trade names in more than 27 states. It currently owns and operates properties in 15 states.

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Self-Storage Firm Investment Real Estate LLC Names New District Manager

Article-Self-Storage Firm Investment Real Estate LLC Names New District Manager

Dana-Sinsheimer-Investment-Real-Estate-self-storage***Investment Real Estate LLC (IRE), a property-management and consulting firm serving the self-storage industry, has promoted Dana Sinsheimer from assistant district manager to district manager. In this role, she’ll lead a team of property managers for the company’s property-management division, Investment Real Estate Management LLC.

Sinsheimer will work directly with Jason Carl, director of operations for IRE. Her responsibilities will include facility operation, the development and implementation of operational plans, the identification and celebration of operational successes, and the setting and driving of strategic portfolio performance goals. She’ll also manage payroll, maintenance and expense budgets for the properties in her care.

Sinsheimer, who has five years of storage-industry experience, joined IRE as a property manager. She’s a member of the Self Storage Association and its Young Leaders Group.

“Dana has truly risen to the top. She works hard and won’t quit until the job is done, and done right! Dana would be a great addition to any team. We are just lucky it’s our team,” Carl said.

Since its inception in 1998, IRE has provided brokerage, construction, development and management services to self-storage owners and investors.

Tenant Catches Thief in Action at Cordele, GA, Self-Storage Facility

Article-Tenant Catches Thief in Action at Cordele, GA, Self-Storage Facility

A self-storage tenant caught a thief on Sunday stealing items from the tenant’s unit at Cordele Mini Storage in Cordele, Ga. When the victim arrived at the property at 215 7th St., he discovered the lock was missing from his unit door. After purchasing a new one from a nearby store, he returned to find an unknown man exiting the space. He also saw several of his own belongings in the back of the man’s pickup truck, according to Cordele Police Lieutenant Carrie Lull.

Investigators quickly identified the alleged burglar after he fled the scene based on the victim’s description. "He was able to tell us it was a white male, that he had brown hair, that he had brown beard, [and the] make and model to include tag number of vehicle," Lull said.

Police arrested Scott Sprague, who passed the storage facility every day on his way to and from work, the source reported. A search warrant of his home turned up more than $7,000 worth of stolen property, all believed to be taken from Cordele Mini Storage. Marijuana, MDMA (known on the market as Ecstasy or Molly) and prescription drugs were also discovered. Sprague has been charged with two counts of burglary and several counts of possession of drugs with intent to distribute.

Although police have identified and returned $2,000 worth of stolen property, they’re encouraging tenants of the self-storage facility to check their units and follow up with police if anything is missing, the source reported.

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SurePoint Self Storage to Build New Facility in Pearland, TX

Article-SurePoint Self Storage to Build New Facility in Pearland, TX

Texas-based SurePoint Self Storage expects to break ground this month on a development in Pearland, Texas. The facility at 3200 Kirby Drive, west of Highway 288, will comprise 91,950 square feet in 726 traditional and climate-controlled units. The company targeted the Houston suburb, which nearly doubled in population between 2000 and 2015, because of a lack of climate-controlled storage in the area, according to the source.

To build the property, SurePoint secured a five-year, floating-rate construction loan from a regional bank. It was represented in the financial deal by JLL Capital Markets, a commercial real estate and finance firm. “The merits of this project are supported by the sponsor’s experience [in] identifying sites in undersupplied markets, leading to stabilization in short periods of time,” said Griffin Guthneck, senior vice president at JLL, in a released statement. “The quality of the sponsor, along with the strong demand in the market for self-storage, made this a prime lending opportunity.”

JLL is a full-service global provider of capital solutions for real estate investors and occupiers. Last year, the firm completed $136 billion in finance transactions and sales acquisitions around the world. The firm’s Capital Markets team comprises more than 2,000 specialists globally.

SurePoint is owned by developers Jeff Bailey, Brian Cisarik and Robert Loeb. Cisarik and Loeb have been active in the San Antonio self-storage market since 2001. The developers operate seven facilities in Texas. The company purchased a development property outside of Texas for the first time last year in Kansas City, Mo.

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Australia-Based Peer-to-Peer Self-Storage Operator Spacer Buys Out Roost

Article-Australia-Based Peer-to-Peer Self-Storage Operator Spacer Buys Out Roost

Spacer.com.au Pty. Ltd., an Australia-based peer-to-peer self-storage marketplace, has acquired U.S.-based Roost Shared Storage Inc. and will rebrand the business as Spacer.com. The deal includes Roost’s customers, database and technology platform, according to the source. The move enables Spacer to replicate its services in the United States.

“We’ve always had global aspirations, and we’re ready to move into the world’s largest self-storage market,” Spacer CEO Mike Rosenbaum told the source. “The other exciting part of the deal is Roost has built up fantastic partnerships in the U.S. including Zip Car and Maven Drive, which is owned by General Motors, to provide peer-to-peer car spaces for them. We’re growing 30 percent month on month, and our investors couldn’t be happier.”

Roost launched its peer-to-peer service in San Francisco in 2014. It received $1.2 million in funding at a $6 million valuation last year. It’s staff of 10 will be retained by Spacer, which effectively will double its number of employees, according to the source.

Last April, Spacer partnered with Paris-based peer-to-peer storage business Costockage to jointly expand service to Asia.

When Spacer moves into a new market, it’s goal is to grab up to 10 percent of the local self-storage market, Rosenbaum told the source.

Spacer enables people in need of storage to find available space in their local area from businesses and homeowners. All rental payments are made through Spacer, which collects a 15 percent commission. The company raised $1.2 million from angel and private investors in October 2015.

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Inventor Stashes Creative Contraptions in Extra Space Self-Storage Unit

Video-Inventor Stashes Creative Contraptions in Extra Space Self-Storage Unit

After moving back home with Mom and Dad, where should an inventor keep his prized creations? Self-storage, of course. In this short commercial from real estate investment trust Extra Space Storage, the comical entrepreneur enthusiastically demonstrates a few of his many inventions.

Live Oak Bank Launches Express-Loan Product for Self-Storage

Article-Live Oak Bank Launches Express-Loan Product for Self-Storage

Wilmington, N.C.-based Live Oak Bank has launched an express-loan product designed for self-storage developers as well as industry owners who wish to upgrade their facilities. Loans from $75,000 to $350,000 are available for working capital, facility enhancements and smaller renovations, according to a company press release. In addition to conventional renovations, which may include door or roof replacement, funds can be used to hire staff, market services and upgrade technology, company officials said.

“Live Oak's express-loan product benefits self-storage owners and operators looking to reinvest, refresh and restore their facilities,” said Jason Lumpkin, the company’s e-lending general manager. “Borrowers can access up to $350,000 and expect funding in as few as 10 days. There are no prepayment penalties, financial covenants or restrictions; and most importantly, we do not place a lien against your property.”

The express loans are available on terms of up to 15 years and offer flexible down-payment options, the release stated.

“At Live Oak, we understand the self-storage industry. We aim to get owners and operators the capital they need by offering small-business lending solutions that allow them to thrive,” Lumpkin said.

The express-loan product is different than the bank’s standard business loans, which range from $350,000 to $7.5 million. Standard loans are available for acquisitions, conversions, ground-up construction, renovations and more.

Founded in 2008, Live Oak originally focused on lending to veterinarians before expanding to other healthcare-related industries and specialty areas such as self-storage. The bank provides small-business loans for acquisitions, new construction, refinancing and other real estate loans.

Self-Storage Directory Find Local Storage Hires New Executive Director

Article-Self-Storage Directory Find Local Storage Hires New Executive Director

Find Local Storage (FLS), a consortium of self-storage owners who operate an online facility directory, has hired Michelle Jordan as executive director. She’ll be responsible for driving business expansion and new-product development, as well as helping the company continue to identify and connect with partners to increase revenue and profit for its members.

“Michelle brings over 25 years of experience in management, finance and marketing, making her a tremendous asset to Find Local Storage,” said Ian Burnstein, co-founder and president of the Storage Business Owners Association LLC and an FLS managing partner. “As we continue to focus on providing quality leads and rentals to our growing member base, it was imperative to add the executive director position. Michelle will bring energy and vision to Find Local Storage.”

A graduate of St. Edwards University, Jordan has served as CEO of the Texas Emergency Services Retirement System, controller for marketing firm Go Local Interactive, and chief financial officer for the Texas Department of Agriculture. As a business owner, she has provided website-development, bookkeeping and recruiting services, and assisted with the administration duties for a family-owned storage company.

“Find Local Storage has a strong reputation as a company that empowers self-storage owners,” Jordan said. “I am honored to be a part of the company and believe my unique background will help [FLS] expand its opportunities in the market. I look forward to playing a role in its continued growth.”

Launched in 2013, FLS offers a lead-generation platform that generated more than 40,000 calls for its member facilities last year, according to a press release.

 

Public Storage Acquires A2Z Self Storage in Orchard Park, NY

Article-Public Storage Acquires A2Z Self Storage in Orchard Park, NY

Public Storage Inc., a self-storage real estate investment trust (REIT), has purchased A2Z Self Storage in Orchard Park, N.Y., for $4 million. The REIT now has eight storage sites in the region.

The property at 1160 Southwestern Blvd. was developed in 2005 by a local partnership, then later expanded, according to the source. It comprises 40,542 net rentable square feet of storage space in 370 units as well as 30 outside vehicle-parking spaces.

The seller was represented in the transaction by Nick Malagisi, national director of self-storage for SVN Commercial Real Estate Advisors. He was assisted by Howard Kravetz, a broker with Re/Max in Rochester, N.Y.

Based in Glendale, Calif., Public Storage has interests in 2,319 self-storage facilities in 38 states, with approximately 152 million net rentable square feet. Operating under the Shurgard brand name, the company also has 218 facilities in seven European countries, with approximately 12 million net rentable square feet.

SVN has broker representation in more than 100 markets across the United States. Its team specializes in the marketing, sale and disposition of self-storage properties nationwide.

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