Why are Self-Storage REITs Losing Heat?

After several years of strong performances, the tiny niche of real-estate investment trusts in the self-storage sector is showing some softness. But no one is quite sure why, the Wall Street Journal reports.
What’s your take? What’s going on here?

Add comment May 23rd, 2007

Death of a Self-Storage Tenant?

According to a Mini-Storage Messenger article called “Death of a Tenant,” Self-storage operators have their hands full with the daily activities of their customers, but when a tenant dies, life becomes much more complicated. Operators can rely on state probate laws to determine the legal parties who can claim goods left behind in a storage unit, however, there can numerous complications. These can include locating next of kin, or worse, a long-lost relative or estranged spouse showing up to claim the items after the tenant’s belongings have been dispersed.

This is a good how-to story on what to do when a self-storage tenant dies. In order to gain access to it, of course, you have to subscribe to the newsletter. You can do that at www.minico.com.

Add comment May 23rd, 2007