Written by Liz Ernst for Marcus & Millichamp

SELF-STORAGE_HURRICANE_IMPACT

The impact of natural and man-made disasters isn't new to the self-storage industry. Through fires, earthquakes, tornadoes, hurricanes and other catastrophic events, storage facilities are often inflicted with damage to property including units harboring tenant belongings. Facility managers must mobilize quickly on insurance procedures for business losses, communicate clearly with customers on the status of their property as well as operational issues, and skillfully handle messaging with the media.
Written by Liz Ernst for Marcus & Millichamp

House Bill 357 Update to Florida's Self-Storage Lien Law Passed

House Bill 357 (HB 357), an update to the state's self-storage lien law, was signed into law by Florida Gov. Rick Scott on June 9, 2017, enabling storage facility operators to issue late fees, conduct lien auctions online, place value limits on stored items, and have motor vehicles towed. HB 357 passed through the house and senate unanimously and went into effect on July 1.
Written by Liz Ernst for Marcus & Millichamp

Self-Storage Development in the Wake of the 2016 Boom Bubble Burst

From 1994 to 2014, self-storage REITs (real estate investment trusts) delivered 18 percent annualized returns with lower volatility than their REIT counterparts. For more than a decade, new self-storage facility development nationwide was abundant, and there seemed to be no end in sight. In 2015, self-storage construction spending rose by 73.3 percent across the U.S. surpassing the billion-dollar mark for the first time since 2008.
Written by Liz Ernst for Gentry Real Estate Group

Arizona retirement: 9 reasons to consider the financial, health, and lifestyle benefits of spending your golden years in the Sunset State

Arizona has been a popular retirement destination for decades. Sun City, near Phoenix, was developed more than 50 years ago and marketed as the very first active adult community in the U.S. In addition to its mild winter climate that varies across various altitudes, world-class golf courses, and the Grand Canyon right at your back door, Arizona offers plenty of financial and health advantages that make sense for the baby boomer generation of golden-agers who’ve worked 30-45 years to relax and enjoy their place in the sun.
Written by Liz Ernst for Gentry Real Estate Group

Real estate investing: Real Estate Investing for novices: How to get started in residential real estate investing

Not everyone dreams of being a landlord, but investing in residential real estate can be a lucrative addition to an investment portfolio, and a great income stream generator in retirement. With an abundance of opportunities to enlist a competent property management team to deal with the day-to-day responsibilities of maintaining rental properties, real estate has become a particularly alluring option for investors.