Savvy storage developers and investors are always exploring alternative business models to stay competitive and pocket the highest profits. Class A RV & boat storage remains a top contender, but what about commercial parking, industrial outdoor storage and flex space? Watch this installment of TSN Conversations Unplugged to assess what’s right for your business.
Questions addressed:
- How would you describe today’s self-storage market, and where do you see it heading in the next five years?
- What’s your advice for self-storage owners/operators/investors to stay competitive in the current market, especially regarding access control, software, marketing, site upgrades, etc.?
- How about other niches, such as RV & Boat Storage, Flex Space, Commercial Parking, Industrial Outdoor Storage, and others?
- Do you perceive Class A RV & Boat Storage as similar to self-storage or as its own business model? How are they similar and different?
- Are self-storage owners/investors/developers hesitating to enter the RV & boat storage market because the land buy, business model, etc., are different?
- Do you have any thoughts on the growth/maturation in RV & boat storage over the next five years, based on your years of experience in self-storage?
- What is the typical demographic of those getting into RV & boat storage?
- Do you see it as a good opportunity for RV & boat storage projects to follow more of a hybrid model by including self-storage? Is it being utilized by the RV & Boat Storage customers, or is it bringing in a new mixture of clients?
- Are you seeing interest in Flex Space? If so, why do you think it is happening now?
- What about Commercial Parking?
Participants:
Ramey Jackson | CEO
Janus International Group
Rameyj@janusintl.com
Mike Burnam | President & CIO
StorageMart
Mike.Burnam@storage-mart.com
Brad Relford | President & CEO
Trachte Building Systems
brelford@trachte.com
Check out our other podcasts in the Toy Storage Nation Conversations Unplugged series.
