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News Room

April 2020-Storage Authority is Awarding New Franchisee Every Month!



April 2020-Storage Authority is Awarding New Franchisee Every Month!

 

News You Can Use
April 2020

Storage Authority Land O’ Lakes is Under Construction

The office area



Now that is a huge slab!!

Storage Authority is Open for Business!

All our facilities are open during the COVID 19 closures because self-storage is considered an essential business. And we are happy to report they had great rentals in March and looking forward to a great April!

The average self-storage occupancy lost 8 – 10% in the last 2009 recession and that is pretty good – but who wants to be average, certainly not Storage Authority.  I know I was happy to own self-storage in the last recession because my engineering income went down to next to nothing.

Storage Authority Franchising is open and awarding new Franchisee every month!

Now is a great time to get started in the self-storage business!  In fact, it may even be better than in recent past years.  When others decide to site on the sidelines to see what happens with COVID 19, we have the opportunity to take advantage of lower land prices and the slow down in development also helps us negotiate better deals and get better service throughout the development and start-up process.

Just Imagine these fast-food restaurants (along with many other businesses) are closed while we have a huge advantage because we are open!

_____________________________________

As part of our Dynamic Ease Self Storage Development Series, we help our franchisees around the development landmines, including finding land, designing, obtaining approvals, financing, and building a premier self-storage facility.

Learn more at www.StorageAuhorityFranchise.com 
Or email or call Garrett Byrd
Garrett@StorageAuthority.com or Direct 941-928-1354

In case you missed it

It looks like businesses with SBA 7a loans, including self-storage loans will be paid for 6 months by Uncle Sam starting in April.  For some of our franchisees that is $160,000 in free money.  If you have an SBA loan call your bank TODAY!

We said it before and will say it again:
No Contact Rentals & Payments online and on the phone are a must!  

Our website provider G5 Marketing Services makes this easy with their terrific self-storage website platform.  And even better is their SEO and PPC expertise!

No Contact Renting on-site with a Kiosk is a lifesaver in these Covid 19 times!

Our kiosk vendor Open Tech Alliance just made owning a kiosk easy with their zero-interest payment plan. If you do not have one now is the time to order. See 0% interest offer here

Kiosks are everywhere.  This McDonalds only had one person at the counter taking orders and 4 kiosks taking orders!

And forget COVID 19, a kiosk is a lifesaver when your manager is sick last minute or heaven forbid quits with no notice. And of course for after-hour rentals and payments.

       

What’s holding you back?  You can do it!  You deserve it!

____________________________________________________

          ARE YOU READY?

Click Here if you want us to email you information on self storage development basics and the steps to becoming a Storage Authority Franchise.

Why Storage Authority?

We are not like the other guys.  First, we have you on our team and the other guys do not even have a team

We assume you do not want another full-time job but are willing to be a major part of your success team!

If you want to make maximum profits you have to charge premium rates and you can not do that if you are in the real estate business or self-storage business with clerks taking orders.  You must be Awesome – providing the Ritz customer service – not Motel 6 quality and service like most self storages do.  And if the fox is watching the henhouse it is impossible to be a premier facility.

My Motivation

Time to do so many things! I love homemade bread with honey!

The rewards are endless when you have the time and money but the best rewards are the many simple pleasures of life.

 

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Storage Authority
677 N Washington Blvd.

Sarasota FL 34236

www.StorageAuthorityFranchise.com         Garrett@StorageAuthority.com  

1-941-928-1354

Garrett Byrd
Storage Authority
Vice President of Franchise Development

March 2020 -5 Tips for Finding Land Offline

 

Storage Authority® News

We have just 9 Franchises left to be awarded in 2020.  We want to ensure that every new Franchisee gets the help and attention they expect and deserve.  If you are seriously considering making Self Storage part of your future give us a call at 860-830-6764 Marc


Storage Authority Continues to Expand in More States.
We have awarded a new franchise in different states, every month for the last 3 months.  Congrats to Scott R of Utah who just came aboard last week. Presently, we have 18 Franchise owners in 7 states.

Congrats to Storage Authority Monmouth  Rd NJ who just had a fantastic Grand Opening!  Here is a great speech the mayor gave at the opening https://youtu.be/jJammtsTep0

It’s hard to believe we have our first Storage Authority Facility for sale.  Storage Authority Mulberry just opened April 2019 and is already full.  Check it out, but I have to warn you its for sale for a whopping $13,600,000 for a huge multi-million dollar profit.
https://listselfstorage.com/property/FL/Mulberry/6615-N-Church-Ave/Storage-Authority/7957

_____________________________________

As part of our Dynamic Ease Self Storage Development Series, we help our franchisees around the development landmines, including finding land, designing, obtaining approvals, financing and building a premier self-storage facility.

Learn more at www.StorageAuhorityFranchise.com 
Or email or call Garrett Byrd
Garrett@StorageAuthority.com or Direct 941-928-1354

Do you know how to determine how big of a phase 1 you can build with $500K equity and a bank loan for $5 Million?

Do you know how to determine how much profits you would make for the above project?

Should you phase your self-storage?

The answers to these questions will be coming in an article that I just wrote for the Inside Self  Storage, self-storage trade magazine. If you can’t wait give Marc a call at 860-830-6764.  In the meantime, you should check out my article on the importance of having a detailed development checklist published in the ISS magazine.  A subscription to their magazine is a must!

We would be happy to answer them.
For development questions email marc@StorageAuthority.com
For operations and marketing questions email garrett@StorageAuthority.com
5 Tips for Finding Land offline.

With our help, our franchisees find land offline 50% of the time.  This often leads to finding land faster, in a better location and for a better price.
1) Start building your team as soon as you start looking for land.  Your team members often will share offline locations with you to review.  Consider the Town staff as part of your team and meet with them even before you have a property.

2) Drive the major roads looking for land in your area every weekend.  Just because there is a for sale sign does not mean it is an online listing service.  Do not assume it is not for sale just because it does not have a for sale sign

3) Give #2 a boost by using Radius Plus to know areas with the highest need for new self-storage developments are.  (need help on how to do this give me a call.  Marc 860-830-6764)

4) Let all your friends and family know you are looking for 5 acres to build a self-storage facility and ask for them to keep an eye out for you.

5) Help your real estate agent find land offline.

       

What’s holding you back?  You can do it!  You deserve it!

____________________________________________________

          ARE YOU READY?

Click here to Get Pre-Qualified to Begin your Journey to Financial Freedom with Storage Authority Franchising!

Chapter 1

Bottom Line: Are You Ready to Take Control of Your Future?

 Bottom Line

The bottom line is only one in a thousand people who read this book cover to cover will build a self storage. It is just hard enough most people will not own a self storage.  This is good news and why it is so profitable for those of us who will. Only 1% to 3% of the population have the mindset to develop their own business.  And then fewer have the $500,000 +_ cash equity required to start a self storage.  And then even fewer are ready to find land, get the project designed, approved and built- all while working at their fulltime career.  And then wait 12 to 42 months to fill it up before the big profits roll in.

But you can do it.  All you have to do is make a decision today.  Today being the keyword.  When people tell me they have been studying self storage for three years I tell them self storage is clearly not for them.  If you’re a one-percenter today is the day as noted below in this out of focus chart.

The Difference Between the 1 Percent and 99 Percent is Huge.
And so is the lifestyle.

The 99%

  •       Waits for the “right time” to  And then starts a business.  
  •       Tries to find the perfect business.    
     The 1%
  • Declares “now is the time.” works to make it the right time
  • Tries to find a solid business and business. Will work to make it the right                                                                     
           
So, what is the bottom line reason for getting into self-storage?
  • Most businesses fail in 5 years vs. most self-storage owners are millionaires in 5 years after they open!
  • Self storage is the most profitable real estate investment in US.
  • You can keep your career and have a very successful self storage business vs you have to quit your career to start most businesses.
  • A good self storage system is manager driven with very few employees vs many employees and no system.
  • Banks will not lend you money to start most businesses vs self storage which is very loan friendly.
  • I retired 15 years early from my civil engineering career and now travel, go fishing, garden, follow the sun because I love to vs retiring later when I would not have the energy to enjoy.
  • What do you want to do?
My Motivation
I love to surprise my wife GP.
Endless options!
What do you love to do?
Another Motivation for me:
I love to travel with the gang.
Here we are at a “motor coach casino layover”

Storage Authority Articles on LinkedIn You Will Enjoy!

LI – 3 Tips On Financing Your First Self Storage Project

LI – How to Make a Million Dollars a Year in Self Storage

LI – Are You Planting Enough Acorns

LI – Self-storage Franchising Works!

LI – Steps to Owning a Storage Authority Franchise

Recent Storage Authority News Letters

January 2020-Storage Authority Franchise Facility Photos

December 2019-Top Training Tips and New Facility Photos!

October 2019 -The Best Way to Learn About Self Storage!

Click on the coffee cup for books by Storage Authority President Marc Goodin

 

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Storage Authority
677 N Washington Blvd.

Sarasota FL 34236

www.StorageAuthorityFranchise.com         Garrett@StorageAuthority.com  
1-941-928-1354

Garrett Byrd
Storage Authority
Vice President of Franchise Development

January 2020-Storage Authority Franchise Facility Photos

 

Storage Authority® News

A big congratulations and welcome aboard to Jerome & Geraldine from the NJ area and to Doug and Paulette from the NC area!

Exciting times at Storage Authority Franchise as franchise agreements are going out with the commitment and drive from our owners to develop one the best real estate investments out there.  They have the entrepreneurial spirit to run their location like the Ritz Carlton of the self-storage industry, high-touch, high technology with an overwhelming value to our customers and community in our three-mile radius.

Did you read the recent article in Inside Self Storage: The Pros and Cons of Self-Storage Franchising: Is It the Right Path for You?Franchising combines the expertise of a franchisor with the resources and entrepreneurial drive of a business owner to form a mutually beneficial relationship. The model provides an economic opportunity for each party based on talent, initiative, and dedication. Typically, a self-storage franchisee will own 100 percent of his business and run it under a licensing agreement. In this arrangement, you’re in business for yourself, not by yourself.
CLICK HERE TO READ FULL ARTICLE

_____________________________________

As part of our Dynamic Ease Self Storage Development Series, we help our franchisees around the development landmines, including finding land, designing, obtaining approvals, financing and building a premier self-storage facility.

Learn more at www.StorageAuhorityFranchise.com 
Or email or call Garrett Byrd
Garrett@StorageAuthority.com or Direct 941-928-1354

Here are a few updated pictures of our Storage Authority sites in operation.


Storage Authority Mulberry, FL.
Location Website


Storage Authority Millstone, NJ
Location Website 


Storage Authority Houston, Tx
Location Website

Do You Have a Self Storage Question?

We would be happy to answer them.
For development questions email marc@StorageAuthority.com
For operations and marketing questions email garrett@StorageAuthority.com

Storage Authority Vendor Updates

Why Storage Authority partnered with G5?
When it’s time to lease up your new property, they deploy strategic digital advertising and a high-performing, SEO-powered website to make sure your launch is a huge success.

       

What’s holding you back?  You can do it!  You deserve it!

 

____________________________________________________

          ARE YOU READY?

Click here to Get Pre-Qualified to Begin your Journey to Financial Freedom with Storage Authority Franchising!

 

Storage Authority Blogs You Will Enjoy!

Complete Storage Authority News Room
  Press Release: Storage Authority is Growing Again

Recent Storage Authority News Letters
 December 2019-Top Training Tips and New Facility Photos!
October 2019 -The Best Way to Learn About Self Storage!

September 2019 – Should I use an SBA loan for my new Self Storage construction project?

Ready to get ahead with the two best number one Self Storage Development and Marketing books?

Check out www.SelfStorageMarketing101.com

 

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Please share!      We Love Referrals.

Storage Authority
677 N Washington Blvd.

Sarasota FL 34236

www.StorageAuthorityFranchise.com         Garrett@StorageAuthority.com  
1-941-928-1354

Garrett Byrd
Storage Authority
Vice President of Franchise Development

December 2019-Top Training Tips and New Facility Photos!

  News You Can Use
Dec. 2019

Issue # 31

Storage Authority® News

Garrett just finished the first training for the new Storage Authority Monmouth Rd New Jersey facility crew and Marc trained new mangers at our 2 Connecticut locations.  Here are some of the training tips you can use:

Marc’s lessons from recent Training at two facilities in CT

One facility had tons of notes, stickies and various info on the manager’s verticle side of the desk wall to help staff find or remember often used info and the other had none.  The best is somewhere in between.  I suggest 2 front desk lists to make it easy for the new staff members and the weekend staff.  One is simply the company contact info: Address, phone, website, email along with directions.  Plus the company staff including names, emails and phone numbers.  The second one has often used info like: Retrieve phone message codes, Front gate systems codes (in case it gets turned off by accident) followed by the top several vendors.


 Is your candy bowl full?

A second item I noticed is we did not have a complete list of company info, site info, and vendors list.  A good complete list will save you lots of time over a year.  It should be updated regularly.  Don’t forget things like your router name and codes, Your IP address, codes, and info to complete your credit card, merchant services scans and PCI compliance surveys, all your product vendors’ websites and codes like Home Depot, Amazon, Staples.  All your maintenance vendors contact info like electricians, plumbers, IT support, landscape services, snow removal, trash removal, etc.

You should even include a list of vendors you recommend for your renters like movers and truck rentals.  Remember any you recommend must be of the highest quality as their work reflects on you.

Lastly, we spent a lot of time cleaning and reorganizing since we had new managers.  One key in this ongoing process is having complete manuals as without them it would take several months and owners simply do not have the time.

While Sitelink has great training and live support it still takes practice and repetition before you remember new options.  To make it easier we provide a long list of Sitelink quick tips to help the new staff members.  A couple of my favorite quick tips Garrett had to show me were:

1) How to quickly jump out of a rental in progress, take a quick payment and return to the rental in progress.
2) How to make various corrections after I messed up a rental
3)How to make units unavailable and or need service.
4) How to change an existing customer monthly due date and how to take a payment for moving the due date ahead.

Garretts Lessons from recent training for Storage Authority Monmouth Rd.

Training with the team (Jessica & Shane) 

1.) Practice makes perfect, the best thing you can do is work through as many mock move-ins as time will allow before your doors open.
2.) Complete the documents from A-Z just like you would a true rental in the e-sign portal with every mock move-in.
3.) Have your site tour and show units down to the point where you know what features and benefits you are going to mention at certain points of the tour.
4.) Assume every sale, getting back to the office, I just need your driver’s license and debit card to get started.
5.) Automate auto-pay, as you swipe the debit card in on move-in screen so the last four of the card appear on the lease, confirm with customer the card will be processed on X date (Move-in date) of every month.  If there is any push back they are welcome to come in/call in another card or pay cash or check. Let the customer know it is expensive and inconvenient to be late in self-storage don’t forget to point to the late fee schedule and “No Late Fee Guarantee Sign”.

_____________________________________

As part of our Dynamic Ease Self Storage Development Series, we help our franchisees around the development landmines, including finding land, designing, obtaining approvals, financing and building a premier self-storage facility.

Learn more at www.StorageAuhorityFranchise.com 
Or email or call Garrett Byrd
Garrett@StorageAuthority.com or Direct 941-928-1354

Here are a few pictures of the new Storage Authority Monmouth Rd facility

Do You Have a Self Storage Question?

We would be happy to answer them.
For development questions email marc@StorageAuthority.com
For operations and marketing questions email garrett@StorageAuthority.com

Storage Authority Vendor Updates

It may be hard to find the best site in your location to build a self-storage facility.  But it’s not as hard as you think to get the data you need to determine if any given site is worthy of further investigation  Now on line you can quickly get the basics in just minutes.

Radius has just made things easier for you with their Updated Compass Report for the property. The neat thing is you can see an example of one so you know what you are getting for your money. And it’s cheap! Check it out:
https://radius.unionrealtime.com?fp_ref=marc30

Once you have your Radius Compass report in hand we are available to help you understand the report and answer your questions free of charge.

 Things we love to do besides self-storage.
GP loves to cook!  So it was a tragedy when we were on the road training new managers for the month of November and had to eat out almost every night.

The second we got home she jumped right into preparing our favorite food for the holidays!  27 Pate pies, 12 blueberry, and strawberry pies,

We need 3 freezers to ensure we are all set year-round. Imagine 3 freezers of homemade cooking: 12 dozen lobsters, 50 lbs of clams, 50 pies, Shrimp off the boat, local scallops and so much more!

Sushi at home is one of my favorites!

In case you did not figure it out – the beans and raisin bread on the woodstove, at the camp is my idea of cooking.

What would you love to do if you had the time and money?

What would you do with more time & money?

Ghislaine loves to cook!  When she cooks she goes all out!


What’s holding you back?  You can do it!  You deserve it!

____________________________________________________

          ARE YOU READY?

Storage Authority Blogs You Will Enjoy!

Complete Storage Authority News Room
Shark Tank vs Storage AuthorityMore big box retailers closing – Think Self Storage Conversions!
How to Develop Your First Self-Storage With Only $500K Cash Equity and Make an Extra Six-Figure Income.

Recent Storage Authority News Letters

October 2019 -The Best Way to Learn About Self Storage!

September 2019 – Should I use an SBA loan for my new Self Storage construction project?

August 2019 – Self Storage – Where is the best place to build?

Storage Authority Article of the Month 

A recent article from inside self-storage: 

The Pros and Cons of Self-Storage Franchising: Is It the Right Path for You?

Ready to get ahead with the two best number one Self Storage Development and Marketing books?

Check out www.SelfStorageMarketing101.com

Share
Tweet
Forward
Please share!      We Love Referrals.

Storage Authority
677 N Washington Blvd.

Sarasota FL 34236

www.StorageAuthorityFranchise.com         Garrett@StorageAuthority.com  
1-941-928-1354

Garrett Byrd
Storage Authority
Vice President of Franchise Development

October 2019 -The Best Way to Learn About Self Storage!

 News You Can Use
October 2019

Issue # 30 – 30 Links to learn about self-storage 

Storage Authority® News

You won’t want to miss this one.  Free 3-day self-storage summit with over 25 self-storage experts ready to help make your self-storage business a success!  Our own Marc Goodin will be sharing easy to implement marketing and sale ideas that will make you more profits day after day.

Sign up here: https://www.theselfstoragesummit.com/membership-areafb2jf20n?affiliate_id=1970872

Keep your eyes on the lookout for our latest article to be printed by Inside Self Storage: Self Storage Franchising, the Facts, The Pros, and The Cons  by Marc Goodin  In the meantime type Marc Goodin in their search bar and read one of the great articles he has written

Don’t forget Storage Authority will be at The Great American Franchise Expo in Tampa, FL, October 26 & 27.  Come by and say hello at booth 216! 

_____________________________________

As part of our Dynamic Ease Self Storage Development Series, we help our franchisees around the development landmines, including finding land, designing, obtaining approvals, financing and building a premier self-storage facility.

Learn more at www.StorageAuhorityFranchise.com 
Or email or call Garrett Byrd
Garrett@StorageAuthority.com or Direct 941-928-1354

What is the best way to start learning more about Self Storage and Storage Authority?

Do a lot of reading!
Here are the reading links you need! 

Our Website:

       www.StorageAuthorityFranchise.com

Storage Authority FAQ

Storage Authority Development Services

About the Storage Authority Team

Storage Authority Blog

Testimonials

Franchise Application – Apply Now

Sample Articles & Books by Storage Authority CEO Marc Goodin

Inside Self Storage Articles

ISS – Owners Guide to building a Self-storage Project: Your Responsibilities

ISS – A Checklist for Self Storage Development Success.

ISS – Creating a Napkin Sketch Self Storage Layout: Understanding Basic Facility Design

ISS – How to Perform a Mini Demand Study on a Potential Self Storage Site.

ISS – Building It Isn’t Enough! Understanding the Value of a Self Storage Feasibility Study

ISS – 25 Design and Construction Mistakes Self Storage Owners and Developers Should Avoid.

ISS – Self Storage Planning and Zoning: A Facility Owner’s Guide to Getting Project Approval.

ISS – 5 Unforeseen Disasters That Could Affect Your Self Storage Development Project

ISS – Customer-Centric Sales Techniques for Self Storage Managers.

ISS – The “Million Dollar” Self Storage Counter: Tips to Amp Up Service and Generate More Revenue

ISS – Slide Show: Elevating Your Self Storage Service From Average to Astonishing

LinkedIn Articles 

LI – 3 Tips On Financing Your First Self Storage Project

LI – How to Make a Million Dollars a Year in Self Storage

LI – Are You Planting Enough Acorns

LI – Self-storage Franchising Works!

LI – Steps to Owning a Storage Authority Franchise

Storage Authority Blog Articles

SA Newsletter – How to Determine If You’re Ready to Develop Your First Self Storage.

Interview with a Franchise Owner

3 Million in Your Pocket for Being a Self Storage Expert

Sample Self Storage Development budget and Proforma

Chapter 11 Self Storage Construction

Three Big Myths About Rental Rates

Radius Plus Articles

RP – How to Develop Your 60,000 SF Facility with $500K Cash Equity

Self Storage Books by Marc Goodin

Your Self Storage: Planning – Site Selection – Design – Build   by Marc Goodin

CRUSH your COMPETITION 101 Self Storage Marketing Tips For the Fastest Way To Huge Profits
by Marc Goodin

Do You Have a Self Storage Question?
We would be happy to answer them.
For development questions email marc@StorageAuthority.com
For operations and marketing questions email garrett@StorageAuthority.com

Storage Authority Vendor Updates

We are so excited about our new partnership with FranConnect. It is an incredible platform that makes it much easier for us to better communicate with and serve our franchise owners.  It will provide easy access to the multiple Storage Authority manuals, newsletters, videos, online training and much more.  
Things we love to do besides self-storage.

We just finished season two of building our cabin on the river.  It had been hard work for GP but I can say without a doubt it has been it has been an extremely fun adventure and now we have a unique cabin in the woods we will enjoy forever.

When I say we I mean my wife GP and her brother. I got the privilege of doing the patio/fire pit and the landscaping. They worked 3 months last year and just finished up 2 months this year.  A couple of things left for next year but ready to use now! Good things come to those who plan and work hard.

What would you love to do if you had the time and money?

What would you do with more time & money?


What’s holding you back?  You can do it!  You deserve it!

“Whatever the mind of man can conceive and believe, it can achieve.”
Napoleon Hill

____________________________________________________

          ARE YOU READY?

Storage Authority Blogs You Will Enjoy!

Complete Storage Authority News Room

More big box retailers closing – Think Self Storage Conversions!

The Storage Authority Marketing & Sales Advantage for Higher Profits!

Recent Storage Authority News Letters

September 2019 – Should I use an SBA loan for my new Self Storage construction project?

August 2019 – Self Storage – Where is the best place to build?

July 2019-How to get started in Self Storage – The Real Deal!

                             Storage Authority Video of the Month

 Grocery Store to Self Storage Conversion

Ready to get ahead with the two best number one Self Storage Development and Marketing books?

Check out www.SelfStorageMarketing101.com

Share
Tweet
Forward
Please share!      We Love Referrals.

Storage Authority
677 N Washington Blvd.
Sarasota FL 34236

www.StorageAuthorityFranchise.com         Garrett@StorageAuthority.com  
1-941-928-1354

Garrett Byrd
Storage Authority
Vice President of Franchise Development

September 2019 – Should I use an SBA loan for my new Self Storage construction project?

 

 

 News You Can Use
September 2019

Issue #  28

Storage Authority® News

Welcome, and congratulations to Frank and Mercedes, brand new franchise owners from FL.  This is our fourth Florida location.

Mulberry Florida is open STORAGE AUTHORITY MULBERRY FLORIDA

Land O’ Lakes, FL site plans are approved and construction is imminent.

New Franchise owner Betty K of Northport FL just put in her first land offer.

Storage Authority will be at The Great American Franchise Expo in Tampa, FL, October 26 & 27.  Come by and say hello at booth 216!

Here are a couple of photos of our Storage Authority Monmouth Rd, NJ facility slated to open around the end of October.

A nice brick facade and huge office windows are going to provide a wonderful street view to attract tenants!

You could be next!.
We have the road map ready to go for you.

_____________________________________
As part of our Dynamic Ease Self Storage Development Series, we help our franchisees around the development landmines, including finding land, designing, obtaining approvals, financing and building a premier self-storage facility.

Learn more at www.StorageAuhorityFranchise.com 
Or email or call Garrett Byrd
Garrett@StorageAuthority.com or Direct 941-928-1354

Should I use an SBA loan for my new Self Storage construction project?

It depends, but if you do not have the 25 to 35 percent cash equity to go toward the project (down payment) that most traditional lenders require there may be limited other options. SBA lenders typically require 10 – 15% cash equity and can loan up to $5,000,000 for an SBA 7a loan

For a single-story 2 phase project, you can often get your facility built with $500K equity +_. vs over $1.5 MM equity investment required for many traditional lenders

If I have the equity required by a for a typical bank loan should I consider an SBA loan?
You still may want to consider an SBA loan for a couple of reasons as follows:

1) SBA loans allow you to borrow soft costs and carrying costs which many traditional lenders do not.  So even if you have the equity for the loan you will need additional funds for design, soft costs and carrying costs until the facility breaks even if you go with a traditional loan.

2) Most commercial loans are typically for either 5 or 10 years. SBA loans can be up to 25 years allowing you to lock in the current low-interest rates.

3) If you may need your funds for other reasons, the reduced SBA equity requirements will allow you to keep more of your cash equity.

If I get an SBA loan can I use a management company to operate my facility?
Generally, SBA loans are for owner-operated facilities.  To ensure this is the case the SBA has recently made several new requirements for Self Storage SBA loans.  One major one that restricts some management companies (and the value of having a management company) is that owners must be responsible for the facility employees.

Inside Self Storage put out a great article last year highlighting How Recent Changes to SBA Loan Requirements May Affect Self-Storage Borrowers Under the new rules, SBA borrowers must:

  • Approve the annual operating budget
  • Approve any capital expenditures or operating expenses over a significant dollar threshold
  • Have control over the bank accounts
  • Have oversight over the employees operating the business (who must be employees of the applicant business)

The last clause is italicized because it’s the most subtle and important point for self-storage owners using third-party managers. When the SBA says staff must be employees of the applicant business, it’s referring to the borrower. In other words, facility staff cannot be employees of the management company.

Storage Authority Franchise owners do qualify for SBA loans.  Storage Authority is listed on the SBA Registry.

Are all SBA lenders the same?
No!  Just like all lenders are not the same.  SBA  preferred lenders do not have to submit the SBA loan for an SBA review and approval. When a non-preferred lender has to send a loan into the SBA for approval it can take extra time and even lead to changes to the terms of the loan.

While certain items are required for SBA loans every SBA lender does have a lot of terms that they determine and can be flexible on.  That is why it is good to work with a preferred SBA lender that understands self-storage loans and your team.

Do You Have a Self Storage Question?
We would be happy to answer them.
For development questions email marc@StorageAuthority.com
For operations and marketing questions email garrett@StorageAuthority.com

Storage Authority Vendor Updates

We chose Open Tech Alliance for our security and gates systems, call center, online auction partner, kiosks because they integrate with each other and our Sitelink Management software.

But it did not take us long to appreciate how they are regularly improving and adding to their products and services.  Their latest integration with Davnici Locks is going to save our managers a lot of time and headaches with delinquent tenants.   And soon I believe they will make after hour rentals so much easier and much cheaper considering a Davinci Lock is $10 and an individual door lock system is closer to $200 a unit.

See the full press release here: 
OpenTech Adds Overlock Solution to INSOMNIACTMCIA Access Control

          If you are not signed up for the ISS weekly newsletter do it now so you don’t miss out. Sign up  HERE

Things we love to do besides self-storage.
We love a good sunset.  We are very fortunate we get to follow the sun.

Picture 1 – Lido Beach FL – No better place in the wintertime
Picture 2 – Boating sunset on Coventry Lake ( Coventry CT)
Picture 3 – Sunrise on GP’s brothers Lobster boat. Way to early to get up!
Picture 4 – The view from our summer camping in Caraquet, NB, Canada
Picture 5 -We love the beach so much we got married on the beach!

What would you do with more time & money?

       What’s holding you back?  You can do it!  You deserve it!

“Half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.” Steve Jobs

____________________________________________________

          ARE YOU READY?

Storage Authority Blogs You Will Enjoy!

Complete Storage Authority News Room

Booming 2019 Summer for Storage Authority Franchise Owners

Self Storage Franchising Works!!

Recent Storage Authority News Letters
August 2019 – Self Storage – Where is the best place to build?

July 2019-How to get started in Self Storage – The Real Deal!

June 2019-Important things your team/vendors will not always tell you!

Storage Authority Video of the Month

Storage Authority Demonstrates Alexa Gate Control

Ready to get ahead with the two best number one Self Storage Development and Marketing books?

Check out www.SelfStorageMarketing101.com

 

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Storage Authority
677 N Washington Blvd.

Sarasota FL 34236

www.StorageAuthorityFranchise.com         Garrett@StorageAuthority.com  
1-941-928-1354

Garrett Byrd
Storage Authority
Vice President of Franchise Development

 

July 2019-How to get started in Self Storage – The Real Deal!

 

 

July 2019 Newsletter

Storage Authority® News

Congratulations to our newest Storage Authority franchisee owner Betty K of Florida. She just signed on board last week and has already hit the pavement running.   Betty is already doing recon and reviewing land parcels. In the next couple of weeks, she is meeting with Civil Engineers, Contractors, and Architects so her team will be in place when she makes an offer!

Betty K IMG_1332

It all starts with a decision.  The rest is easy.
We have the road map ready to go for you
_____________________________________
As part of our Dynamic Ease Self Storage Development Series, we help our franchisees around the development landmines, including finding land, designing, obtaining approvals, financing and building a premier self-storage facility.
Learn more at www.StorageAuhorityFranchise.com 
Or email or call Garrett Byrd (Garrett@StorageAuthority.comor Direct 941-928-1354)
How to get started in Self Storage – the real deal. 
Many of you are not ready to hear this but I know some are because they are purchasing Storage Authority Franchises.  Getting started it is not about a better understanding of self-storage.  Self-storage is a great opportunity that can provide an incredible lifestyle for you and your family.  It is about is it right for you.
Getting started in self Self-storage is not right for you if:
1) Your life is good and you do not have a reason to do more.
2) You do not have the cash capital ($450,000 min.) to get a bank loan
3) You are not part of the 3% out there ready to own their own business.  Let’s face it the majority of the population is risk-averse, just wants to relax after 5 and are not ready for the responsibilities of owning a business.
You can make a living 9 – 5 but fortunes are made after 5.
If one of the 3 items above have not stopped you it is a simple question.  Is there a big enough reason for you do more?   Have you written your reasons down on paper and put a time frame on it?

If you have written your reasons why there is just one more step:  Jump!  You can do it!

Storage Authority Vendor Updates
At Storage Authority we continue to increase our list of well-qualified self-storage Architects and Contractors.  If you need a reference we would be happy to help out.
We suggest new Franchise owners start by looking for land less than 45 minutes from their own home.  With the addition to the travel time overlay to the RadiusPlus program, we can see both the travel times and existing facility information on one map.  This makes looking for land easier.
With over 1.7 Billion square feet of self-storage, you can not afford to guestimate the feasibility of your site.  Radius should be your first step to check out the numbers.
Things we love to do besides self-storage.
GP and I love to visit with the grandkids!  Our motto is:  “Something to do, Someone to love and Something to look forward to makes for the perfect life.
What would you do with more time & money?


Whats holding you back?  You Can do it!  You deserve it!

____________________________________________________

          ARE YOU READY?

Click here to Get Pre-Qualified to Begin your Journey to Financial Freedom with Storage Authority Franchising!
“Once in a while it really hits people that they don’t have to experience the world in the way they have been told.” — Alan Keightley.
This is the realization that fuels most people to follow their dreams relentlessly. Staying complacent never led anybody to greatness.

Storage Authority Blogs You Will Enjoy!

Complete Storage Authority News Room

Booming 2019 Summer for Storage Authority Franchise Owners

 The Steps to Storage Authority Mulberry FL Grand Opening.

Recent Storage Authority News Letters

June 2019-Important things your team/vendors will not always tell you!

May 2019 –Proven Checklist, Are You Ready To Develop Your First Self-Storage?

April 2019 -$2,500 Storage Authority Referral Fee +10 Opening Tips

Storage Authority Video of the Month

Storage Authority Franchising Development Series

Ready to get ahead with the two best number one Self Storage Development and Marketing books?
Check out www.SelfStorageMarketing101.com

 

Share
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Please share!      We Love Referrals.

Storage Authority
677 N Washington Blvd.
Sarasota FL 34236

www.StorageAuthorityFranchise.com         Garrett@StorageAuthority.com
1-941-928-1354

June 2019-Important things your team/vendors will not always tell you!

 

 

 

June 2019 Newsletter

Storage Authority® News

Franchise owners 4 Paws Development LLC design plans for their facility just outside of Tampa are just about done and will be starting construction this summer.  Above is a sneak preview of the facility.

We have just added a new Photo Gallery to our web site.  Check it out!  Storage Authority Photo Gallery

_____________________________________

As part of our Dynamic Ease Self Storage Development Series, we help our franchisees around the development landmines, including finding land, designing, obtaining approvals, financing and building a premier self-storage facility.

Learn more at www.StorageAuhorityFranchise.com 
Or email or call Garrett Byrd (Garrett@StorageAuthority.comor Direct 941-928-1354)

Nine important things your team/vendors will not always tell you. 

CONTRACTORS: 

An AIA contract should be used as it is the industry standard but it will require a multi-page addendum with a large host of items for clarification and to better protect you from unnecessary cost overruns and other problems.

2  TOWN OFFICIALS/REGULATORY APPROVALS:

Some town employees, elected officials, town planners, and engineers may give your project the nod one way or another before it is in front of the regulatory commissions for approval. Sure, it is best to have the town staff on your side. BUT! Beware: the votes that count are the regulatory commissioners’ votes

3  REAL ESTATE AGENTS

They are not engineers, zoning experts, development experts or self-storage experts. Their statement that the parcel is suitable for self-storage should be considered just the starting point of your due diligence. They will not be held accountable in any way if the property is not suitable for your needs. You, along with your experts, need to do your own due diligence. Also, you do not have to meet any minimum offer price suggested by the agents.

4  EMPLOYEES:

When they tell you they know better than you or the manual, after six months of managing your facility, they are wrong.

Employees will tell you:

  1. They do not need to follow the rental script because they are better if they wing it. Wrong!

  2. It is better not to rent on the phone. Wrong!

  3. Marketing is a waste of time. Wrong!

If they do not follow the standard operating procedures starting day one and every day after, your facility will go downhill until they are replaced.

5  SELF STORAGE BUILDING MANUFACTURERS:

Their conceptual site plans often do not take into consideration all the land features and zoning regulations.  A trustworthy manufacturer will tell you their plans are just a starting point and that you need to get a detailed site plan by a local engineer and Architect that is familiar with the local zoning regulations, building codes and has more details about the land and unit mix requirements.

6  WEBSITE DESIGNERS:

“I have not designed a self-storage website but I designed hundreds of great sites and can make you a great self-storage website.” Wrong!

The use of the internet grows every year.  A vast majority of self-storage business comes from the internet.  Your website has to be functional for the user, including potential clients, existing clients, your manager, Google, 3-mile geo populations, and more.

YOUR JOB:

It is your job to coach, educate and teach your employees.  It is your job to get the phone to ring and get prospects to stop by your self-storage facility. It is your manager’s job to market the facility, keep the facility in tip-top shape, provide over the top service, and rent at premium prices. http://www.storageauthorityfranchise.com/ helps make sure everyone’s job is done better for more profits.

8  SELLING & MARKETING PLATFORMS:

Sales and marketing are going to make your facility stand out and make oversized profitsThrowing money into sales and marketing is not the solution. It needs to be the company mantra and philosophy.  Over the top service, being an expert, overcoming concerns, understanding what today’s internet customers want, guerilla marketing, and providing that just feels right feeling is the future of success.  You are going to need help unless you personally are willing to work 10 – 15 hours a week on sales & marketing.

9  BANKS: 

Some banks require a Debt Service Coverage Ratio (DSCR) of 1.25 or even 1.35 before they convert your construction loan to a permanent loan.  This might be a possible goal for some commercial real estate developments to meet because they have clients signed to rent the majority of the space upon completion of construction. Typically, self-storage will not meet a DSCR of 1.25 until you are over 70% rented.  If you do not meet this ratio in their required time frame, they can and will ask for you to repay the loan immediately or provide significant additional money to reduce the amount borrowed so you meet the required DSCR.

Storage Authority Vendor Updates

Radius Plus continues to update its platform.  Now it even provides banking information, and information in charts and graphs to easily understand trends and other self-storage information.

And now they even provide articles on the latest self-storage important to self-storage owners.  Here is a link to my article on their site on How to develop your first self-storage with only  $500K cash equity

https://www.radiusplus.com/post/how-to-develop-your-first-self-storage-facility-with-only-500k-cash-equity

And while you’re there take a demo of the site. If you are looking for land this is one site you want to use!

Vendors don’t forget we pay you a $2,500 referral fee for each lead you provide that becomes a Franchise.  Call Garrett for detail: 941-928-1354 

Things we love to do besides self-storage.

GP and I love to grow gardens of all kinds. We make them part of our life where ever we go.  At our self storages, at the fishing cottage, at our home.  For me, it is so relaxing and I enjoy watching them bloom day after day!  Clockwise: 1) One of five flower gardens at home.  2) An award-winning garden at GP’s self-storage we planted.  3) GP Sunflower crop from last year. (We Just planted 4 packages of sunflowers last month)  4) My latest hillside garden in progress at our fishing cottage.

What would you do with more time & money?


Whats holding you back?  You Can do it!  You deserve it!

____________________________________________________

          ARE YOU READY?

Click here to Get Pre-Qualified to Begin your Journey to Financial Freedom with Storage Authority Franchising!

Storage Authority Blogs You Will Enjoy!

Complete Storage Authority News Room

How to Develop Your First Self-Storage With Only $500K Cash Equity and Make an Extra Six-Figure Income

.Smart Connected Facilities = High Touch, High Technology

 Recent Storage Authority News Letters

May 2019 –Proven Checklist, Are You Ready To Develop Your First Self-Storage?

April 2019 -$2,500 Storage Authority Referral Fee +10 Opening Tips

March 2019-Houston We Have Lift Off!

Storage Authority Video of the Month

Storage Authority Drone Video

 

Ready to get ahead with the two best number one Self Storage Development and Marketing books?

Check out www.SelfStorageMarketing101.com

 

Share
Tweet
Forward

Please share!      We Love Referrals.

Storage Authority


677 N Washington Blvd.

Sarasota FL 34236

www.StorageAuthorityFranchise.com         Garrett@StorageAuthority.com

1-941-928-1354

May 2019 –Proven Checklist, Are You Ready To Develop Your First Self-Storage?

 

 

 

MAY 2019 Newsletter

Storage Authority® News

Construction has started at Storage Authority Millstone NJ. Phase one consist of 30,000 sf of climate and non-climate control units in 3 buildings. The foundations are complete and the buildings are under construction.

If you did not see the recent article in Inside Self Storage by our President Marc Goodin you need to check it out if you’re considering developing from the ground up.  If you leave the development process to your experts I can guarantee you will be sorry!  Here is the minimum you need to do: https://www.insideselfstorage.com/development/self-storage-owners-guide-building-self-storage-project-your-responsibilities

And the great news is Franchise Owners don’t have to guess or hope they have it right because we are there every step of the way.

The Grand Opening celebration went well at Storage Authority Mulberry.  It was great to see so many town employees show up.

The Grand Opening at Storage Authority Walters Rd was a success with over 90 guests.  The kids loved the fire truck and the adults loved the food and a chanced to win a huge new tv.

_____________________________________

As part of our Dynamic Ease Self Storage Development Series, we help our franchisees around the development landmines, including finding land, designing, obtaining approvals, financing and building a premier self-storage facility.

Learn more at: www.StorageAuhorityFranchise.com 
Or email or call Garrett Byrd (Garrett@StorageAuthority.com or Direct 941-928-1354)

Ten boxes to check to determine you’re ready to develop your first self-storage. 

1) Are you part of the 1- 3 percenter ready to own their own business?  ie Have the confidence and willingness to take a risk on yourself and your future.
2) Are you willing to keep your job for the next 3-6 years until you replace your income with self-storage income?  ie work more hours temporarily so you can work many hours less if you choose to.
3) Are you willing to spend time to find land both on and offline?.
4) Do you have $450K minimum cash equity ready to invest in phase one (SBA loan – $3MM loan) And have you talked to a banker?
5) Is your spouse on board?
6) Do you understand the development time frame?
7) Do you understand the rent up time frame?
8) Do you have a reason ( other than money) why you are going to do this?
9) Are you ready to learn?
10) Have you ordered the Self Storage trade magazine from Inside Self Storage?

It is not easy owning your own business., The alternative was even riskier for me and my family.   If your ready to talk and learn more and see if we are a good fit call me.                 Marc – 860-830-6764.

 

Storage Authority Vendor Updates

We are excited to announce Charity Auctions is our newest vendor.  We met Kerry Henrikson, the Executive Director at the April ISS Self Storage Convention and were very impressed.  It is a win – win – win.

It helps you become more active in the community.  Local people who might otherwise visit your facility see what a great place you have when they drop off items for the charity auction.  It helps local residents recycle their Items and provide money for local and national charities.

What more could you ask for? Check out their website www.Charity Storage.org.  Then send Kerry an email at kerry@charityStorage.org and she will provide you the directions you need to get started.  We just signed up our facilities and hope you will too.

And the great news is they are linked into our online auction  vendor StorageTreasures, www.StorageTreasures.com so everything is a breeze

 

Vendors don’t forget we pay you a $2,500 referral fee for each lead you provide that becomes a Franchise.  Call Garrett for detail: 941-928-1354 

Things we love to do besides self-storage.

I love to have a glass of wine and dinner at outdoor restaurants with my beautiful wife GP.  And now it is even more fun when we don’t read the menu left to right.  There are a few rooftop bars in Sarasota and we are going to check them all out.  Check out the view from the Westin rooftop bar we just went to!  (last photo)  We would love to meet you for dinner this winter in Sarasota!

Whats holding you back?  You Can do it!  You deserve it!

____________________________________________________

          ARE YOU READY?

Click here to Get Pre-Qualified to Begin your Journey to Financial Freedom with Storage Authority Franchising!

-“Great things never come from comfort zones! “

Storage Authority Blogs You Will Enjoy!

Complete Storage Authority News Room

The Steps to Storage Authority Mulberry FL Grand Opening.

Where Else Can You………….No Where

Recent Storage Authority News Letters

 

April 2019 -$2,500 Storage Authority Referral Fee +10 Opening Tips

March 2019-Houston We Have Lift Off!

February 2019 Newsletter- 9 Tips for Self Storage Oversized Profits using Merchandise Sales

 Storage Authority Video of the Month

 

Ready to get ahead with the two best number one Self Storage Development and Marketing books?

Check out www.SelfStorageMarketing101.com

 

Share
Tweet
Forward

 

Please share!      We Love Referrals.

Storage Authority
677 N Washington Blvd.

Sarasota FL 34236

www.StorageAuthorityFranchise.com         Garrett@StorageAuthority.com
1-941-928-1354

 

April 2019 -$2,500 Storage Authority Referral Fee +10 Opening Tips

 

 

 

Storage Authority® News

 We are excited to invite Everyone to the Storage Authority Mulberry Grand Opening celebration on April 25th.  In case you can’t make it here are a couple of photos.


Website Storage Authority Mulberry FL

On May 11 Storage Authority Walters Rd, Houston TX is having its Grand Opening Celebration and you’re invited!  You can even win a 50″ flat screen TV!  Just in case you can’t make it here are a couple of photos.




Website Storage Authority Walters Rd. Houston TX

The Inside Self Storage World Expo earlier this month was a wealth of information.  Here is our President moderating the session on Using Data to make Self Storage Investment Decisions.

Need help with your research for a facility check out Radius!

The Dream team at the ISS expo: Garrett, GP & Marc

_____________________________________

As part of our Dynamic Ease Self Storage Development Series, we help our franchisees around the development landmines, including finding land, designing,obtaining approvals, financing and building a premier self-storage facility.

Learn more at: www.StorageAuhorityFranchise.com 
Or email or call Garrett Byrd (Garrett@StorageAuthority.comor Direct 941-928-1354)

Ten things to make sure your Grand Opening is super successful. 

1) Schedule it out 45 days after you open to get prepared.

2) Have town staff  there for a ribbon cutting

3) Have the local fire dept there with a truck.  Don’t forget to give them a donation

4) Have a person in costume with a sign waving drive-by traffic in.

5) Have lots of great food.

6) Have several giveaways & games for prizes for kids

7) Have a one-day rental special.

8) Have extra staff to give tours, help with parking, food etc.

9) Figure out parking in advance – have signage and a parking person.

10 Invite everyone, send out a newsletter, market your Grand Opening and market some more.  Call and visit the local community and email and hand out Grand Opening flyers.

Storage Authority Vendor Updates

For vendor contacts or recommendations feel free to email marc@storageauthority.com for the best of the best!

G5 continues to update our websites every month! New pictures & Videos and new technology.  Just added Open Tech Storage Genie video to the websites.  What makes your website better every month. Now a social reputation platform tied into your website is a must!

Jenny and the team at signquick have updated our Office & Gate sign manual to make life easy!  I love the magnetic unit size signs for the show units

Our packing & moving supplier Supply Side now provides metal slat walls for product displays – so much better than the wood/particle board that chips and does not have the quality look we demand!  I love the Storage Authority Lock packaging they provide for us!

The new Open Tech Alliance kiosks are just incredible.  And with the new price point, everyone can afford one.  The reality is there is no choice – you need one!

Vendors don’t forget we pay you a $2,500 referral fee for each lead you provide that becomes a Franchise.  Call Garrett for detail: 941-928-1354 

Things we love to do besides self-storage.

Marc our president is more of an engineer than an artist but every once in a while he dabbles in multimedia art.  Here is some of his work.

What would you do with more time & money?

Getting started is the hard part? Or is it? How about just saying yes!

_______________________________________________________________

          ARE YOU READY?

Click here to Get Pre-Qualified to Begin your Journey to Financial Freedom with Storage Authority Franchising!

 

It’s not about money or connections — it’s the willingness to outwork and outlearn everyone… And if it fails, you learn from what happened and do a better job next time.” – Mark Cuban

Storage Authority Blogs You Will Enjoy!

Complete Storage Authority News Room

Alexa how much does my competition charge for a 10 x 10?

Recent Storage Authority News Letters

March 2019-Houston We Have Lift Off!

February 2019 Newsletter- 9 Tips for Self Storage Oversized Profits using Merchandise Sales

January 2019 Goal ~ Build Self Storage Facility ~ Imagine That!

Storage Authority Video of the Month


Storage Authority Gate Entry Hands-Free Access

Ready to get ahead with the two best number one Self Storage Development and Marketing books?

Check out www.SelfStorageMarketing101.com

 

Share
Tweet
Forward

 

Please share!      We Love Referrals.

Storage Authority

677 N Washington Blvd.

Sarasota FL 34236

www.StorageAuthorityFranchise.com         Garrett@StorageAuthority.com

1-941-928-1354