BETCO Opens New Multi-Story Self Storage Design Center

CHARLOTTE, NC – Higher land costs, limited land availability and space for land configuration in urban areas have led to an increase in the demand for multi-story self storage construction. BETCO, Inc., a single-source self storage building manufacturer based in Statesville, NC, recently opened a design office in Charlotte, NC, in order to meet the growing demand for multi-story self storage construction throughout the country.

Chris Gilbert, Vice-President of Engineering, BETCO, Inc., leads the design team in the satellite office specializing in developing plans for multi-story self storage buildings. Gilbert explained that as the cost of land increases, it becomes more difficult for self storage business owners to spread out with single level construction. Going vertical with multi-story construction not only allows for more rentable square footage, but also creates greater possibilities for aesthetic details.

“In general, multi-stories are more aesthetically pleasing than standard, single-story buildings, because they allow us to incorporate more design elements, like brick, stucco and storefront glass,” Gilbert said. “Plus, we have an in-house design team, which allows us to give more individualized attention to the project and the details.”

In addition to being more efficient uses of land, multi-story self storage buildings are climate controlled and include large, spacious freight elevators. As with BETCO’s single-story self storage buildings, there are a number of color options for doors and trim.

BETCO, Inc. has constructed more than 60 million square feet of storage buildings since its founding in 1984. BETCO has grown to become the premier single-source self storage building manufacturer.

Contact BETCO and get started with your multi-story self storage construction project today by calling 1-800-654-7813 or visiting www.betcoinc.com.


Free Self Storage Knowledge Available at BETCO’s FREE One-Day Seminar March 10, 2016

 

STATESVILLE, NC — BETCO, Inc., a single source self storage building manufacturer based in Statesville, NC, has announced that it will host a one-day, free seminar on March 10, 2016 entitled “Developing a Successful Self Storage Business.” The seminar will be held from 8:30 a.m. to 2:30 p.m. at the Double Tree by Hilton Hotel Raleigh-Durham Airport at Research Triangle Park.
“Attendees can get the right start in the self storage business by connecting with the industry’s premier self storage vendors,” explained John Barnard, BETCO’s Inside Sales Manager. “For our March 10 seminar, we have teamed up with other industry experts who will provide valuable guidance for established self storage owners as well as those interested in getting started in the business.”

 

Topics covered include:

  • Financing options
  • Site selection
  • Project feasibility
  • Self storage building types
  • Construction tips and codes
  • Advantages and potential pitfalls of operating a self storage business

 

Seminar sign-in will take place at the Double Tree by Hilton Hotel Raleigh-Durham Airport at Research Triangle Park, in Raleigh, NC, from 8:30 to 9 a.m. The free BETCO seminar will be held from 9 a.m. to 12 p.m., followed by a free lunch from 12 to 1 p.m. After lunch, experts from security firms, general contractors, feasibility experts, financial institutions and BETCO will hold roundtable discussions from 1:00 to 2:30 p.m. to help attendees get the answers they need to start or expand a self storage business.

 

Those interested in attending can pre-register online at betcoinc.com/seminar-info/. Contact the Double Tree by Hilton Hotel Raleigh-Durham Airport at Research Triangle Park at (919) 941-6000 for room reservations.

 

BETCO, Inc. has constructed more than 60 million square feet of storage buildings since its founding in 1984. BETCO is the premier single-source self storage building and door manufacturer, providing products and services that include building design, engineering, shipping and installation.

BETCO has a network of experienced, professional sales reps throughout the United States. Call 1-800-654-7813 or visit www.betcoinc.com to find a BETCO sales representative near you.

 


Climate Control: It’s Not the Heat, It’s the Humidity

Have you ever put a newspaper by a window and left it there for a few months? When you finally remembered it was there did you notice how faded and bent it had become? Storing items such as clothing and paper in traditional self storage units that are exposed to hot and cold weather is becoming less and less the norm in the industry. These days, people want to protect their valuables. After all, finding great-grandmother’s wedding dress falling apart is not what any self storage customer wants to experience.

Enter climate-controlled self storage buildings, which kicked into a higher gear in self storage 10 years ago and have been gaining momentum ever since. Self storage facilities charge customers extra money to rent climate-controlled units and normally find a waiting line of customers who want to use them. Some facilities even have climate control to keep bottles of wine at the perfect temperature.

Climate control is certainly worth the time and effort, but lately, studies have indicated that it is less and less about keeping a constant temperature and more about controlling the humidity. In fact, the use of air conditioning or heat only has, in recent years, earned the moniker “temperature control” because it does not address humidity at all.

Any humidity reading above 60 percent allows rust, mites, mold, paper rot, wood degradation and mildew to evolve. In the past (and the early days of self storage) facilities relied on air-conditioning systems to dry the air. As it turns out, high temperatures don’t always coincide with high humidity. High humidity is actually more likely to occur at night, while high temperatures obviously occur more in the daytime, especially the afternoon.1.

According to Tim Dietz, president and CEO of the Self Storage Association, the optimum relative humidity for a self storage unit is around 55 percent.2. Having a relative humidity of 50 percent or slightly lower on a full-time basis will work just fine. Combine that with cooler temperatures in the summer months and some heat in the winter months and you essentially have true “climate control.”

If you are interested in having a true climate-control system, you will have to find heating and air conditioning companies that are knowledgeable about humidity and can provide humidifiers that work effectively in your entire climate-controlled area.

The cost of renting self-storage with climate control varies widely—anywhere from 20 percent to 50 percent higher than traditional storage, according to Tom Maxfield, national operations director at Move It Storage Management in Dallas.3.. Maxfield also says that the extra cost of climate control—often referred to as the “climate control premium”—typically adds from 35 percent to 50 percent. A basic 10×10 storage unit with climate control might cost $140 a month to rent while a unit without climate control could cost $90. These are generalizations and individual self storage facilities’ prices vary according to the owner’s determinations.

Self storage climate control is in high demand, which explains the ability to charge extra for it. But make sure you are offering true climate control and not temperature control. If a client’s great-grandmother’s wedding dress is breaking down in a unit purported to be “climate-controlled,” you will have trouble on your hands for false advertising.

Sources:

1. Inside Self-Storage (Dry-Air Storage: Managing Humidity in Self-Storage Facilities — August 28, 2009)

2. “Do You Need Climate Control in Your Storage Unit?” – Sparefoot.com.

3. “Do You Need Climate Control in Your Storage Unit?” – Sparefoot.com.


Why Location Is Critical for Self Storage Facilities

The first three words uttered by any self storage professional thinking of building a new facility are basically the mantra of the industry – location, location, location. Determining the right location for a self storage facility is akin to being a gold prospector and finding the perfect creek. Basically, it is the difference between money in the bank or finding another line of work.

There are a number of questions that one must ask in determining the location of a new self storage facility. How easily it is seen from a road or highway? Also, how many residents are located within a five to ten-mile radius? Is there a smooth ingress and egress for customers? How much competition will you have? Is there sufficient land available for a new facility? What are the local traffic patterns? Is the right zoning in place?

The Self Storage Association (SSA) points out that any area that sports constant growth will produce much faster rent possibilities, while high ratios of multi-family residences will create a demand for smaller units, and smaller units generally pay a higher return on the dollar invested.1 The ideal location is one near the center of a dense urban area, preferably on a major road.

So where do you begin when coming up with a plan to find the right self storage location?

You want to be educated well ahead of time regarding your potential customers. A demographic study that uses census material for a five-mile radius surrounding the proposed site is a good way to start. It is generally accepted in self storage that a facility will rarely get very much business from outside a five-mile radius.

The SSA suggests that the information you will want to gather should include current population figures. Also look for projected population growth, the population mix and average income. Several industry vendors provide these types of demographic packages, otherwise known as feasibility studies.

It is always important to remember that a high percentage of your business will come from drive-by traffic (although the influence of websites and cellphones in decision-making is growing more and more every year). A solid traffic flow and good visibility are musts. Our urban and suburban populations are spending more time on the road. So drivers will always be looking for self storage facilities that are easy to access and located in popular parts of town, preferably near places they use, such as restaurants, grocery stores, drug stores, etc. Convenience is a key to success.

To be effective, a self storage facility typically requires anywhere from 1½ to 5 acres of property. Of course, if plenty of land is available, a potential self storage owner can not only keep the facility at one level, expanding as needed, but also can consider boat and RV storage possibilities. If space is tight, a self storage owner always can build up with a multi-level structure.

Finally, there is the matter of zoning. The best locations in the world won’t matter if the land is not zoned for your business. So, it is advisable to visit the local jurisdiction’s zoning department to find all the zoning designations and restrictions for self storage. And while you are at it, check to see if any other self storage companies are in the process of building a new facility in your area of interest. Make sure that you are not too close to a competitor, whose success could work against you.

In short, do your homework and find a location that will be seen, is easy to access and has solid demographics for potential customers.

Sources

1. SSA Self Storage Association http://www.selfstorage.org/ssa/AM/downloads/09_Abt_IntrotoSS.pdf


BETCO Inc. Launches New Steel Roll Up Doors Website

STATESVILLE, NC — BETCO, Inc., a single-source self-storage building manufacturer based in Statesville, NC, has announced that it has launched a new website, steelrollupdoors.com. The site is designed to make it easy for self-storage manufacturers, businesses and homeowners to purchase steel roll up doors and components online from BETCO at factory-direct prices.

The site features a selector tool to help choose door, trim and building colors, a list of frequently asked questions, a glossary of terms used to describe steel rollup doors and their components, details about BETCO’s shipping and return policies, and helpful resources including downloadable installation guides and BETCO product brochures.

BETCO manufactures its own premium quality, steel roll up self storage doors for industrial or self storage unit use. All BETCO doors are built to last from roll-formed galvanized steel to provide high wind-strength resistance and minimum flex. Each door is designed, manufactured and calibrated in the US to operate without adjustment, with a maximized cycle life and is protected by a 10-year warranty on door springs. They are available in a variety of high-durability paint colors, with a 40-year film integrity warranty and a 30-year warranty against chalking and fading.

BETCO, Inc. has constructed more than 60 million square feet of storage buildings since its founding in 1984. BETCO has grown to become the premier single-source self storage building manufacturer.

To order BETCO’s commercial roll up doors and components, call 1-800-654-7813 or visit www.steelrollupdoors.com.

betco-steel-roll-up-doors-logo

 

 

 

FOR MORE DETAILS, CONTACT:
Chasity Turner, Component Sales Representative, BETCO, Inc.
228 Commerce Road, Statesville, NC 28625
1-800-654-7813 ext. 2090, cturner@betcoinc.com

 


Self Storage Building Manufacturer BETCO, Inc. Launches New Website

STATESVILLE, NC — BETCO, Inc., a single source self storage building manufacturer based in Statesville, NC, has announced that it recently went live with a newly redesigned, mobile responsive website located at betcoinc.com.


“BETCO’s new website is designed to educate those interested in starting or expanding a successful self storage business, and features detailed information about our products and services” John Barnard, Inside Sales Manager, BETCO, Inc., explained. “As a single-source self storage building manufacturer, BETCO offers the experience and a diversity of building styles to fit any need.”

The site provides detailed information, benefits and photos of each of BETCO’s self storage building series, product lines, system and building structural components, and the warranties that protect them. Through the site, BETCO also provides valuable tips and helpful information about how to succeed in the self storage business, covering everything from investing and financing to refurbishing and expanding existing facilities. Those interested in the self storage business can also contact BETCO for more information, request a quote, and order valuable resources including free product catalogs, DVDs, a business starter kit and a competition evaluation form to help them get started in the self storage business. On-site features including a blog, upcoming BETCO seminars and a recent news archive to help keep visitors connected to the latest news, events and helpful information about BETCO, it’s expert staff and the self storage industry.

BETCO, Inc., has constructed more than 60 million square feet of storage buildings since it’s founding in 1984. BETCO has grown to become a premier single-source self storage building manufacturer, providing everything a self storage facility owner needs, including a full array of self storage products and services, engineering, building design, construction crews, and shipping.

Call 1-800-654-7813 or visit the new, mobile-friendly website at www.betcoinc.com to find a BETCO sales representative near you.


FOR MORE DETAILS, CONTACT:

John Barnard, Inside Sales Manager, BETCO, Inc.

228 Commerce Road, Statesville, NC 28625

1-800-654-7813 x 2520, johnb@betcoinc.com


If You Have the Room, Add Boat and RV Storage

It is a tribute to self storage that it has come such a long way in a relatively short period of time. Original self storage facilities in the 1970s were in warehouses on the edge of town. Now they are everywhere, modern and appealing. But if you are a self storage owner/operator or manager, you should seriously consider adding another form of storage that is growing rapidly every year, and that is boat and RV storage.

The key, of course, is having enough space to add boat and RV storage and making sure your ingress and egress will allow those customers towing boats and driving RVs plenty of room to maneuver. But once you have it in place, boat and RV storage will bring in an appreciable amount of extra money. A look at various self storage businesses offering boat and RV storage indicates that the average rental rate can run between $100 and $150 a month, depending on the size and quality of the storage space, and as high as $200 to $300 for upper-end offerings.

And there’s the rub. If all you want to do is have an outdoor space in which people can park their RVs and boats with no covering of any sort and no bells and whistles, it is easy enough to set in motion, but your rental rate likely will have to be well under $100 a month. If you decide to provide a three-sided garage that customers can back their boats and RVs into, the price normally goes up to the $100 to $125 range. And to have a totally enclosed garage puts you in the $125 to $150 area (or higher).

All these prices depend on the size of the space you are offering, with smaller spaces obviously costing less. But, from a marketing standpoint, the benefits of offering covered and/or enclosed boat and RV storage are numerous. Covered parking storage helps block UV rays to keep a vehicle’s body from fading and cracking. The covering reflects infrared rays to keep temperatures in RVs lower, reducing the premature cracking of tires, especially in the sidewall. Also, the covering protects vehicles’ paint jobs and exteriors.

You can also charge more to provide electrical outlets for RVs, normally around $20 per month.

What is involved in building boat and RV storage? The simplest of the covered offerings is a canopy style with roof only. The manger style has a roof, is enclosed on three sides, and can include individual partitions. The third is a completely enclosed individual unit. All three styles require deeper footings and additional structural strength to accommodate greater heights and widths and to provide wind resistance.

As one might expect, boat and RV storage units vary quite a bit in height, width and depth. In the case of having such storage on your property, the options also will vary according to the amount of land space you have available. Besides the space for the boat or RV itself, you will need to accommodate add-on fixtures such as ski racks, jet skis, motorcycle racks, trailers and air conditioning units, among other items. It is not unusual for boat and RV owners to rent separate units for these kind of items, but many may want everything in their one boat or RV space.1.

So what sizes should you consider for each kind of boat and RV space? The smallest space you will likely need to consider will be one that is 12 feet in width with a maximum depth of 45-50 feet. That said, the most common unit size is 14 feet wide with mixed depths up to 40 feet and an eave height of about 16 feet.2.

How do you determine what is the best size for your boat and RV spaces? Consider the cost to build versus potential income on a per-square-foot basis. For example, a 14-by-40 unit takes up 560 square feet of land. How does this measure up to having established indoor self storage units and the payback per square foot that you get on those versus what you will get for boat or RV spaces? If you feel there is enough need in your community to have boat and RV storage, then the payback per square foot is likely worth the effort. But having empty boat and RV storage space versus filled indoor units may be enough to make you want to stay away.

Many communities have restrictions in place for parking RVs and boats on the road or in driveways, so offering boat and RV storage is a good alternative and can prove to be a solid money-maker. So size up your available space, see if your community has a need for boat and RV storage and swing into action!

Sources:

1. Inside Self Storage website (www.insideselfstorage.com/articles/2013/09/considerations-and-costs-for-adding-boat-rv-storage-to-a-selfstorage-property.aspx)

2. Inside Self Storage website (www.insideselfstorage.com/articles/2013/09/considerations-and-costs-for-adding-boat-rv-storage-to-a-selfstorage-property.aspx)


Is Investing in Self Storage a Good Idea? You Bet!

OK, here’s a pop quiz for you. Imagine a business with little overhead, little interaction with customers after they sign on and one that has continued to grow impressively in recent years, even when times have been tough. If you guessed self storage, you would be right (and those of you who said funeral homes are excused).

Is self storage an industry worth investing in? You better believe it!

Once a self storage facility is built, the only major concerns are maintaining the property so it is clean and appealing, assisting customers, and accounting for monthly payments from customers. Once goods are stored, there is a very strong likelihood that you will only see customers on a very infrequent and scattered basis.

In a certain sense, you are a hero to your customers. You talk with them to help them through tough times. Many people in need of self storage are downsizing, going through a divorce, or have just run out of space at home to store the things that matter to them. You are part psychologist, part entrepreneur and almost always a friend.

So you want some facts about the industry itself?

*According to the Self Storage Association, the self storage industry in the United States generated $27.2 Billion in annual U.S. revenues in 2014. Growth potential? Self storage has been the fastest growing segment of the commercial real estate industry over the last 40 years and has been considered by Wall Street analysts to be “recession resistant” based on its performance since the economic recession of September, 2008.

*There are roughly 53,000 self storage facilities in the United States. There are six public corporations operating in the industry (Public Storage, Extra Space Storage, CubeSmart, National Storage Affiliates Trust, Sovran Self Storage (Uncle Bob’s) and U-Haul International). In addition, the industry has some 4,500 large and mid-sized firms that own and operate more than one facility; yet there are still more than 26,000 one facility owner/operators.

What about the stock market? The four major REITs in the self storage industry, Public Storage (NYSE: PSA), CubeSmart (NYSE: CUBE), Sovran Self Storage (NYSE: SSS) and Extra Space Storage (NYSE: EXR) have stocks that yield 3.28%, 2.82%, 3.53% and 3.54% respectively, considerably higher than the S&P 500’s average yield of 1.89%. All four REITs have increased their dividends by double-digits over the past few years.

If it sounds like a success story, it is. Self storage has grown by leaps and bounds since its early days in the 1970’s when it was located in warehouses at the edge of town. It has become a smarter, more savvy industry that has learned how to promote itself and improve its product.

Yes, this is a very good time to invest in self storage…or funeral homes, but the former is a lot more pleasurable than the latter.

*source – 2015 SSA Factsheet

Free Self Storage Knowledge Available at BETCO’s One-Day Seminar

STATESVILLE, NC — BETCO, Inc., a single source self-storage building manufacturer based in Statesville, NC, has announced that it will host a one-day, free seminar on October 8, 2015 entitled “Developing a Successful Self Storage Business”. The seminar will be held from 8:30 a.m. to 2:30 p.m. at the Hilton Garden Inn, located in Mooresville, NC.

“Getting the right start in the self-storage business means connecting with the industry’s premier self-storage vendors,” explained John Barnard, BETCO’s Inside Sales Manager. “For our October 8th seminar, we have teamed up with other industry experts who will provide valuable guidance for established self-storage owners as well as those interested in getting started in the business.”

Topics covered include:

  • Financing options
  • Site selection
  • Project feasibility
  • Self-storage building types
  • Construction tips and codes
  • Advantages and potential pitfalls of operating a self-storage business

Seminar sign-in will take place at the Hilton Garden Inn, located at 159 Gateway Blvd in Mooresville, N.C from 8:30 to 9:00 a.m. The free BETCO seminar will be held from 9:00 a.m. to 12:25 p.m., followed by a free lunch from 12:25 to 1:15 p.m. After lunch, experts from security firms, general contractors, feasibility experts, financial institutions and BETCO will hold roundtable discussions from 1:15 to 2:30 p.m. to help attendees get the answers they need to start or expand a self-storage business. Following the seminar at 3:00 p.m., those attending are invited to visit BETCO’s manufacturing facility located a short drive away at 228 Commerce Road, in Statesville, NC.

Those interested in attending can pre-register online at betcoinc.com/seminar-info/. Contact the Hilton Garden Inn in Mooresville at (704) 663-6468 for room reservations.

BETCO, Inc. has constructed more than 50 million square feet of storage buildings since its founding in 1984. BETCO is the premier single-source self-storage building and door manufacturer, providing products and services that include building design, engineering, shipping and installation.

BETCO has a network of experienced, professional sales reps throughout the United States. Call 1-800-654-7813 or visit www.betcoinc.com to find a BETCO sales representative near you.

# # # #
 FOR MORE DETAILS, CONTACT:
John Barnard, Inside Sales Manager, BETCO, Inc.
228 Commerce Road, Statesville, NC 28625
1-800-654-7813 x 2520, johnb@betcoinc.com

 

 


Give Your Self-Storage Units A Makeover With BETCO Self-Storage Facility Refurbishing

FOR MORE DETAILS, CONTACT:
John Barnard, Inside Sales Manager, BETCO, Inc.
228 Commerce Road, Statesville, NC 28625
1-800-654-7813 x 2520, johnb@betcoinc.com

STATESVILLE, NC — The economic recovery can be a double-edged sword — especially if your self-storage facility fell into disrepair during the economic downturn, or faces competition from a new self-storage facility. Self-storage facility refurbishing with components from BETCO, a single-source self-storage building manufacturer based in Statesville, NC, could be your key to staying competitive in today’s rapidly recovering marketplace.

“In the self-storage industry, image is everything. Owners of older facilities have to step up their game,” explained John Barnard, Inside Sales Manager, BETCO, Inc. “The appearance of your self-storage facility attracts potential customers, gives them confidence that their property will be secure, and gives them an overall impression about the quality of your facility. If your competitor’s buildings look better than yours, it’s time for a makeover. And self-storage refurbishing with BETCO is a smart and affordable way to keep your facility attractive, up-to-date and competitive.”

BETCO manufactures all the components to bring your facility back to its full glory, including roll-up and garage doors, trim options, metal roofing and siding, wall panels, customized metal parts and other components. Self-storage refurbishing not only makes your facility look better; it also may help increase rental rates and occupancies, reduce maintenance, eliminate leaks and could be eligible for a tax write-off.

If you’d like to add on to your facility, BETCO’s on-site engineers would help design a building on your property, build the structures and roll-up doors in their Statesville, NC facility, then erect the building with a BETCO-trained installation team.

To learn more about the BETCO refurbishing program, contact our Component Sales Representative, Chasity Turner, at 1-800-654-7813 ext. 2090.

BETCO, Inc. has constructed more than 50 million square feet of storage buildings since its founding in 1984. BETCO has grown to become the premier single-source self-storage building manufacturer, providing everything a self-storage facility owner needs, including a full array of self-storage products and services, engineering, building design, construction crews, and shipping.

BETCO has a network of experienced, professional sales reps throughout the United States. Call 1-800-654-7813 or visit https://www.betcoinc.comto find a BETCO sales representative near you.