GreenFill Storage Blog


Electric RV's and Their Ascendance into Today's World

Technology


Electric RV's and Their Ascendance into Today's World. Showcasing the Future of Electric RV Technology. Today, electric car road trips still involve a fair amount of adventure (though it's a fun adventure) when finding a way to charge the car without wasting too much time. Many people enjoy taking road trips in RVs, and while this is not a green mode of transportation today, there is one very interesting synergy: almost every RV Park already has tonnes of high-power charging infrastructure that can recharge electric cars overnight. It's already commonplace. The new versus the old Existing RV designs rely on gasoline/diesel to power the vehicle and run its generator for AC, microwave, and battery charging. Off-grid, it relies on propane for heat, hot water, cooking, and running the refrigerator. RVs are typically inefficient, large, and non-aerodynamic. They can afford to be because making a gas vehicle less efficient simply means paying more per mile, using larger gas tanks without sacrificing range. With electric, the situation is quite different: efficiency directly translates to the value range, and compensating with larger batteries adds a significant amount of cost, weight, and recharge time. When you consider electric vehicle RV camping, a slew of new possibilities emerge, both in terms of how you power things in the camper and the types of off-roading that become possible. It should be possible to create electric off-road vehicles that outperform today's gasoline vehicles. These factors, combined with the greener nature of electricity, may soon make electric RV camping a far more viable option. Why are RVs becoming so popular in the first place? As the travel culture develops and adapts, we see many who opt for the peaceful ‘van life’. And for very good reasons too! RV camping is popular for a variety of reasons, including: Tolerable, if small, accommodations without the hassle of booking motels, checking in and out, moving, packing, and unpacking your belongings. Low nightly rate The ability to stop in places other ...


Brennen Durka
September 28th, 2021


Self-Storage: The Development Process

Storage


Learning about Self Storage – The Development Process So, you're thinking about constructing a self-storage facility. To be a financial success for you and your investors, your first self-storage property must be a financial success. A potential developer should be aware of and adhere to a few fundamental principles. You must select the best location, conduct a market feasibility analysis, and decide on the best unit mix and layout for your project. The self-storage industry got its start in the late 1960s when a few foresighted individuals recognized the growing need for residential and commercial storage. Each decade, the industry has more than doubled in size. Returns on investment have been very impressive, frequently exceeding those of other types of real estate investment. Market Analysis Your Market Analysis will determine the self-storage demand for a specific location. In most cases, the time required to complete a project from acquisition to completion ranges from 5 to 24 months, with 18 being the average amount of time required to obtain conditional use permits. This timeframe is extended for projects that require a zone change; depending on the community you are developing in, a zone change can take 9-12 months. As with any real estate-related analytical report, the markets are constantly influenced by demographics, economics, and other factors that may have a material impact on the viability of a project. It is critical to constantly monitor the market for new competitors who may enter the market so that the project can be phased if the market changes. Self-storage, on the other hand, is a sub-sector of the commercial real estate market. This industry's growth is expected to be positive during the forecast period, owing to trends of increased urbanization and improved economic outlook across countries. The performance of self-storage properties is primarily influenced by the rising demand for additional storage space as families accumulate more material possessions. Furthermore, as baby boomers begin to downsize, the demand for ...


Steve Cox
August 16th, 2021


Future Technological Outlook for the Self-Storage Industry

Technology


Future Technological Outlook for the Self-Storage Industry For many years, I advocated self-storage as an excellent way to invest your money. It is, in my opinion, a recession-resistant and frequently overlooked way to invest. Several factors, including growing urbanization, increased downsizing due to the coronavirus, lifestyle changes, and others, are propelling the self-storage industry forward. On the surface, the storage industry does not appear to be technologically adaptable. After all, self-storage and warehousing are fairly straightforward. Isn't it true that all that is required for success is a lot of empty buildings, locks, and electricity? Owners and operators in the storage industry may tell you otherwise. Marketing, management, accounting, maintenance, leasing, and a variety of other tasks are required for a successful self-storage business. More operators are embracing technology to run their businesses more effectively and efficiently, saving time and money. Is there growth potential? Despite today's economic challenges, the self-storage industry is expected to see an increase in demand. It has demonstrated tenacity in the face of a volatile market, and forecasts indicate that it will be worth more than it was last year by 2024. This is a positive sign for many consumers and investors who are looking for such services. Would downsizing fuel demand? Downsizing is the fuel that keeps the self-storage industry moving forward. Downsizing is a lifestyle trend that benefits storage facility rental companies. The appeal of living a minimalist lifestyle is appealing to many homeowners and tenants, which drives the demand for temporary storage space. Downsizing is becoming more popular in the housing market as people prefer compact living spaces such as condos. This prompts homeowners to consider whether they should keep or discard their larger possessions. Houses are also embracing a more contemporary aesthetic, which has the same effect. While downsizing a business is not always an option, it can be beneficial in terms of freeing up financial resources and generating additional income, allowing for greater flexibility. It also has a plethora of ...


Brennen Durka
July 19th, 2021


Rethinking Today's High Housing Costs

Storage


How incorporating self-storage in your housing budget gets you more bang for your buck. In all my time spent studying real estate investments, I have served three formidable mistresses. In my youth, my family was heavily involved in the business of entry level home building. Put plainly, this is the first house you buy when you decide it is time to be a homeowner as opposed to just a renting. My father and uncle had me do everything. My first job occurred over the summers during middle school, shoveling and moving dirt with a wheelbarrow. Progressing to my summer job in high school of swinging a hammer and helping build the houses framework. Then transitioning to working in the sales office, my college and first ‘wear a suit to work’ job. Finally, graduating to project management in my first full time career post college graduation. This was my first mistress: delivering hundreds of homes to new home buyers. Eventually, I developed a severe case of career wonder lust and several years later I left the family business. Eventually I found myself in the arms of my second mistress, multifamily property investments. I started a real estate investment firm of my own in 1991 and by the time I sold it in 2018, with the intention of retiring, it had grown just shy of a billion dollars in assets. This was my second mistress, and I still own many of these property assets today. It took me awhile to realize that I did not know how to retire. Perhaps, I did not want to retire. So, I found my third mistress, self-storage. The funny thing is, self-storage when you think about it, is kind of an extension of my other two mistresses, housing, and multifamily properties. Housing/renting is the necessity of a roof over my head and protection for the stuff in my daily life from the outer elements. Storage is just an extension of the necessity of protecting ...


Michael Anderson
July 19th, 2021


When is a Storage Unit More Than a Storage Unit?

Storage


When is a Storage Unit More Than a Storage Unit? The excerpts below are from an Interview, March 23, 2021 with: Mike Howard, Managing Member, AKA Partners Adam Ibarra, CFO, AKA Partners; also co-owner of Michele Beck Accounting and Rickey Chavez with Gary Greene Better Homes and Gardens Real Estate. How GreenFill Storage Centers Create Value For Customers, Investors, and Communities We Serve In At some point every consumer asks, “What has my storage unit done for me lately outside of storing my stuff?” Mike Howard, the CEO of AKA Partners, the parent company of GreenFill Storage has some insight. Increasing Value to our Customers Mr. Howard: Asking the question “When is a storage unit more than a storage unit” is not a philosophical conundrum to wonder. It’s more of a pragmatic query. A majority of people think of a storage unit as only consisting of four walls, a garage door, a floor and a roof. This logic seems straightforward enough; however, it’s not that simple. Take the roof for example, we see the roof as much more than the covering that protects the important contents from the outside elements. The roof can be much more than this, in fact we see it as one of our greatest assets. Let me explain. When solar panels are added to the top of that roof, the generated power produced from the sunlight is available at a fraction of the cost, as opposed to purchasing it from a local utility company. We pass these savings down to those who store their possessions with us at budget-friendly rates. Our solar panels generate most, if not all, of the electrical needs of our storage facilities. This solar energy can be a tremendous benefit considering the high demand for climatized storage space. We make this temperature-controlled environment affordable, which can be a considerable cost savings when you consider the amount of electricity that type of space consumes on a daily basis. ...


Michael Anderson
July 19th, 2021