Storage Facilities: What You Need To Know

If you have too much stuff to stash in your home, business or office, storage facilities may be the answer you need. Self storage facilities allow users to store their excess belongings in individual storage units that can be accessed at any time.

Typically, self storage facilities rent or lease space to people who want to store items. Some people may own their own storage facilities. Rent is usually paid on a monthly basis. If a renter falls into arrears for long enough a period of time, the belongings in her storage unit may be sold at auction to cover the cost of overdue rent.

Storage facilities can range widely in size and shape. They include lockers, closets, rooms, garage units, warehouse space and outdoor storage areas. Even a bank safety deposit box is a type of self storage.

How Storage Facilities Work

Users of storage facilities are usually given a lock or allowed to provide their own, either key or combination. They may also be given a key, combination or pass card so they can enter the premises of the storage facilities at any time, day or night. Some facilities may have security personnel or managers on duty, while others are strictly self-serve.

In a typical self storage facility, only a renter has access to his unit. The owner of the facility, the manager and other employees will not enter the unit unless the renter fails to pay his rent.

In that event, the owner will file a lien on the property in the storage facility. The renter will have a short amount of time to pay his bill, after which the contents of the unit will be sold. If the auction nets any money beyond what is needed to cover the past-due rent, that money should go to the renter. This type of storage auction has become the focus of popular reality shows on basic cable.

Most storage facilities rent to residential users and small businesses. Residential users store household goods, vehicles, boats and other items they don’t want to keep at home. Businesses typically store inventory or old records.

Storage Facilities from Old to Modern Times

Storage facilities may seem like a modern invention, a convenience of the 21st century, but in fact they’re very old. The ancient Chinese used publicly available storage sites. Self storage, on the other hand, didn’t appear until the 1960s. Lauderdale Storage of Fort Lauderdale, Florida, may hold the place as the nation’s first self storage facility.

Demand for self storage facilities grew only slowly until the late 1990s, when it boomed. More than 3,000 facilities were built each year between 2000 and 2005. As of 2009, there were more than 58,000 self storage facilities in the United States.

Competition in the self storage market is intense. The leading companies, including U-Haul, control only 9 percent of the business. Ten percent of U.S. households now rent units in storage facilities, with many jostling for the best available land near cities and suburbs.

Carter writes a lot on many different topics.  One of the topics he covers is various self storage Huffman Texas locations.