Michael Baillargeon

Oct 26, 2024 | insideselfstorage.com | Michael Baillargeon

A self-storage tenant is considered delinquent when they fail to pay their rent by the due date specified in their rental agreement. Once they miss a payment, a series of actions are triggered, including late fees and lockouts. Eventually there may be a lien sale to remove the customer from the space and recover lost revenue. Uncollected rent isn’t just an operational issue, it impacts the economic health of your self-storage business.

Aug 24, 2024 | insideselfstorage.com | Michael Baillargeon

Though self-storage facilities offer a haven for people’s belongings, they aren’t immune to crises. When the walls come crashing down—literally or figuratively—due to a natural disaster, car crash, security breach or some other catastrophe, it’s important that you’re able to protect your employees, tenants, property and business reputation. A lot of this boils down to effective communication.

Sep 28, 2023 | insideselfstorage.com | Michael Baillargeon

An operating budget is a financial plan that outlines the expected revenue and expenses for a self-storage business over a specific period of time, typically one year. One that is well-crafted can help you track performance and make informed decisions about the future of the operation. By comparing your actual numbers to your budgeted amounts, you can identify where revenue is falling short and costs can be reduced.

Sep 15, 2023 | insideselfstorage.com | Michael Baillargeon |Melissa Anderson |Scott Jolly |Mark E. Helm

Update 9/15/23 – The Squab team consisting of Carter, Kay and Sharp completed their 27-mile walk in support of Maggie’s on Aug. 13. They raised £2,666, just shy of their £3,000 goal. The charity supports individuals and families fighting cancer and is close to the hearts of the Squab senior management team, according to a new source.

Sep 9, 2023 | insideselfstorage.com | Michael Baillargeon |Melissa Anderson |Scott Jolly |Mark E. Helm

Go Store It (GSI) Self Storage, an investment sponsor that focuses on self-storage properties, has hired Beau Agnello as chief operating officer. With more than a decade of industry experience, he’ll bring key initiatives to support the next phase of the company’s growth, according to a press release. Most recently, Agnello served as head of operations and senior vice president for nearly two years at National Storage, a privately held Midwest company.