Plain-language fundamentals of the self storage business for new investors, owners and industry newcomers in Canada.
The tenth and final article in the Self Storage Basics series. Zoning and land use, lien rights and the sale of delinquent tenants' goods, tenant insurance licensing, property tax assessment by province, and the role of...
The ninth article in the Self Storage Basics series. How Canadian lenders size a storage loan on LTV and DSCR, the terms to expect, why CMHC does not apply, construction and lease-up financing, bank vs. credit...
The eighth article in the Self Storage Basics series. The three operating models used in Canada, what third-party management offers, the systems every facility runs on, what an owner actually does week to week, and the...
The seventh article in the Self Storage Basics series. How long a new Canadian facility takes to fill, the four parts of lease-up cost, how to calculate break-even occupancy, and why filling fast at low rates...
The sixth article in the Self Storage Basics series. The three ways into the sector, with the cost, timeline and risk of each, a side-by-side comparison for a 50,000 square foot facility, and why most first-time...
The fifth article in the Self Storage Basics series. What a rent roll contains, the six things to check first, how to read a unit mix, and how to tie the rent roll to the bank...
The fourth article in the Self Storage Basics series. The three numbers a facility is valued on, why price per unit is never used, the expense adjustments buyers make to a seller's NOI, and a worked...
The third article in the Self Storage Basics series. How much storage Canada has, how it compares with the US, who owns the facilities, where institutional capital is going, what it has done to pricing, and...
The second article in the Self Storage Basics series. Net rentable square feet, physical vs. economic occupancy, street rate vs. in-place rate, lease-up, stabilized, NOI, cap rate and the other terms a new Canadian investor will...
The first article in the Self Storage Basics series. How a self storage facility earns revenue, what it costs to run, who rents, why tenants stay, and why the sector holds up through cycles, written for...