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Saturday, October 31, 2020
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 UPDATED: October 29, 2020 at 2:00 p.m. (ET)  Preventative Measures That Self Storage Operators Must Follow As the country begins to reopen, you have likely seen that state and local governments have imposed restrictions on business operations, such as requiring face coverings and limiting the number of patrons at the site, in an effort to combat the further spread of coronavirus (COVID-19). Below is a list of most of the Executive Orders from Governors, as well as some local dire...
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 Price Restrictions Remain Despite Lifting of Stay-at-Home Orders   As many states’ stay-at-home orders are lifted and states are “reopened,” many storage operators ask whether it is permissible to return to business as usual as it relates to normal rent increases for both current and prospective tenants. The answer to that question is: it depends. The first inquiry is whether your state has a price gouging restriction in effect. Most states do. Althoug...
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 State and Local Restrictions on Lien Sales When the coronavirus began to spread throughout the United States, several states and localities enacted restrictions on foreclosures and evictions. Although most covered residential foreclosures and evictions that are not applicable to self storage, some states expanded those restrictions to cover commercial or non-residential evictions and foreclosures as well. Self storage lien sales are not evictions in the usual sense of that word; howev...
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22

SSA Responds to West Coast Wildfires

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SSA Responds to West Coast Wildfires
The unprecedented West Coast wildfires have burned a heartfelt question into the minds of SSA’s staff and leadership: “How can we help?”
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| Categories: | Tags: fire, operations, wildfires, insurance, emergency, planning | View Count: (63)
21

REIT Performance Update

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 Self Storage REITs Weather Difficult Quarter, See Quick Rebound By Laura Williams-Tracy, SSA Magazine It was a quarter fraught with uncertainty, new cleaning and rental protocols, and far fewer new faces at the customer service counter. In all, self storage appears to have weathered Q2 of 2020 with few battle wounds. Those smarting from a steep drop in rentals or delinquent payments in the spring may already be feeling a rebound. Based on analyst calls with the largest publi...
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| Categories: | Tags: Q2, Performance, Public Storage, Extra Space, CubeSmart, Life Storage, National Storage Affiliates, REITs, Public Companies | View Count: (381)
What SSA Has Done for You Lately: A Mid-Year Legal & Legislative Report
During this year of turmoil, the SSA has been busy advocating for, protecting, and educating owners and operators.
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| Categories: | Tags: Legislative update, Pandemic update, Legal, State updates, Local updates, Covid | View Count: (236)
01

SSA Fall Conference Announcement

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Leading Self Storage Executives, Navy SEAL and Astronaut Among Those Helping SSA Celebrate 45 YearsOnline Fall Conference Set for September 8-11The Self Storage Association announced today that it will celebrate its 45th Anniversary this year virtually, with an incomparable lineup of industry expertise, executive participation and compelling talent.Due to the continued uncertainty involved in travel and gathering, the SSA Board of Directors has decided that the event will not take place in Las V...
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 How Storage is Weathering the Pandemic and Recession Self storage proved itself to be recession-proof during the financial crisis of 2008. Now the question is whether it can fare equally well during a pandemic.May would have typically been the middle of prime leasing season as families tackle spring cleaning, purchase and store recreational equipment for the summer, and college students stash refrigerators and furniture until next semester.This year is quite different for the industry...
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  Coronavirus & Price Restrictions  Once a state of emergency is declared, many states have price restrictions, commonly referred to as price gouging laws, that take effect. Although these laws differ, they generally put a cap on raising prices for certain goods and services above a certain percentage from the amount charged immediately preceding the declaration, subject to certain narrow exceptions. Some of these laws are clearly applicable to self storage, some clearly ...
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| Categories: | Tags: rents, coronavirus, price restrictions, legal | View Count: (888)
 Another round of funding offers hope for struggling self storage owners By Laura Williams-Tracy, SSA Magazine Self storage operators who missed out on the first round of funding intended to help small business survive the COVID-19 pandemic have another shot – but it will go fast. Today, President Trump signed into law another $484 billion relief bill. This second round of funding includes $370 billion for low interest and forgivable loans through the wildly popular but...
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| Categories: | Tags: small business loans, CARES Act, Loans, Funding | View Count: (628)
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