A breakthrough insight from today's episode: self storage industry is... well, huge.
Major cities across the country have experienced the rise of modernized/ younger skewing delivery-storage companies that will take much of the leg work out of your self storage experience. It makes us think just how many storage solutions there are in today's world.
Jonathan catches up with Joseph Woodbury, CEO of Neighbor.com, to chat a bit about how their online storage model varies from traditional or even valet self storage, and how they perceive their share of market within the industry. Are they stealing customers away from a self storage facility? Well, not exactly.
Much of the success of Neighbor.com, and businesses alike, have been a cause of the increased normalcy of the sharing economy. Lyft, Uber, and Airbnb are just examples of what many say is the future of commerce. Is this new consumer behavior adaptable into the traditional self storage framework?
Cory Sylvester jumps into a market update, to highlight the incredibly unique standing of current self storage occupancy across the nation. We are just beginning to hit typical Spring lease-up... but we are hitting it with already unprecedentedly high occupancy rates. What will this mean for the summer?!## About the Radius+ Studio Show: Dive into the self storage industry with host Jonathan Eakin, as he explores current events, industry updates, platform tricks, facility tours, interviews, coffee brands, and movie quotes. The Radius+ team is constantly growing and we want to bring you on board to our [virtual] office environment. Intensely awaiting new episodes? Or just listening in with 14 other tabs open? Either way, we're happy you're here. Contact Jonathan@radiusplus.com to learn more.
Pros and Cons of Self Storage SBA Loans vs. Traditional Loans
Decide wisely between SBA and traditional loans for your self-storage business. SBA offers lower down payments, but traditional loans provide lender reliability. Make informed investment choices for your storage facility.