Notice to Landord: Convert your temp space

August 17th, 2009

Does the above sound like a cryptic message?  It might if you’re a landlord and have been looking for signs of recovery in the real estate market.  A recent survey by Rightmove (and reported in this morning’s City AM) suggests that asking prices are still dropping, despite a lack of stock in the market.  It’s estimated that the number of new sellers this year is down 23% on last year – largely because of a lack of mortgage finance preventing new buyers.

Even the quickest scan of today’s CNN Real Estate microsite shows some dismal news in the USA.  The Fed is pushing down mortgage rates to 5.55% (lowest in 30 years); foreclosures continue with no end in sight; emergency lending extended for another year and more…    News reports from Australia’s business press don’t give any sign of hope there either, with announcements of losses of $51 billion (A$) in property values over the last year.

There is some hope for home and commercial property owners alike: create “temp space” – temporary rental space – for those seeking storage solutions.  As home owners move, businesses down-size and students go back to college with non-seasonal equipment, it’s an ideal way to realise some extra revenue.

Student storage and budget storage opportunities abound.  With no economic improvement in sight, more and more people are returning to school and will require corresponding storage space, particularly if they want to take prized possessions with them to an out-of-town site.

Alternatively, those moving to smaller homes will need budget storage – which you can offer – thus solving your revenue requirements and their need for space.  We’re not advocating a permanent change – just temporary to fill the gap between your usual tenants.

If you’ve got a property already available, why not snap a few photos and list it today in www.StorPod.com?

Goldjobs.com: StorPod can solve clients’ space issues

August 4th, 2009

Our most recent partnership is with Goldjobs, a portal for £100,000 and above appointments placed by executive search firms.  “What does recruitment have to do with storage?” we hear you asking.  I’ll turn the question over to Rosalyn Rahme, CEO of Goldjobs, to explain.

Use Goldjobs.com to find £100k + jobs

WORKING with the Goldjobs network is a privilege. Not only do I get to meet some of the brightest and most innovative minds from around the globe but I receive insights into businesses of all shapes and sizes.

Whilst 75% of the Goldjobs clients are large corporate companies, a quarter of our clients are specialist boutique companies. These include Ventures, subsidiaries, start-ups and partnerships. Most of these boutique businesses have the flexibility to act quickly when making business decisions.

Of course, this includes decisions around when they need more or less office or storage space!

Boutique firms don’t have the scale or the administrative infrastructure to hold them back from being creative with the way they employ staff, use office space etc. They are often looking for an alternative to a home office or an office nearby to store their surplus supplies, kit and records.

While there are plenty of routes for finding flexible staff and Associates there has not been a straightforward way to find more space or licence out temporary additional space. With long leases a legacy from the past, boutique firms are often renting or owner managing their own property. Most of them usually need more space or have additional space they don’t use. StorPod looks to address this very gap in the market and we are delighted to be working with them on an alliance.

While we could point to the obvious downsizing of many companies in 2009 it is not on this is not what we focus our attention to, but the flexibility required for 21st century working.

I am sure many members of our network will reap benefits from this new venture.

~ Rosalyn Rahme, CEO Goldjobs”

Self-Storage: Just how green was Tutankhamen?

July 29th, 2009

Boris Johnson, Mayor of London, posted an article on his personal blog this week linking the Pharaohs of ancient Egypt to our modern culture of hoarding and storing excess possessions.

Thanks to the economic prosperity of many countries, citizens collect possessions like never before.  Our “stuff” is sentimental, practical, mandated by law (i.e. archived tax files) and also necessary.

But what do we do with it all?  In older cities like London, we may live in a 200-year old building whose original architect never foresaw sub-dividing it into tiny flats…  or our need to store bulky suitcases to support 21st Century low-cost travel!

Born in the United States over 50 years ago, the self-storage (or “mini-storage”) industry gives us a solution: millions of square feet of secure, well-ventilated, clean, and fit-for-purpose space exist to help keep our extra possessions.

Is it sustainable?

The danger of course, is that as our society becomes wealthier, we put extra pressure on finite space by accumulating more goods.  Self-storage operators will grow to meet demand, but may need to do so further away from dense city centres.

But surely not every square foot in the city is being used?  In fact, Michael Holmes (a major UK TV property expert) recently indicated that collectively British homes could be realising over £38 billion worth of annual income by renting out spare rooms to living tenants.  Additionally there could be attractive tax advantages – and intangibly, a growth in sense of “community” – by doing so as well.

Why not access this cash by renting storage space?  Whether it’s in London, New York, Vancouver, Tokyo, Sydney there is always a spare room, vacant office, corner of an attic or garden shed that can be hired out to store a neighbour’s ski equipment, small business product samples, old photo albums and more.  The advantages are far reaching:

  • helping build a sense of local community
  • taking a “green option” by using existing protected space
  • helping boost cash flow – often just enough that’s needed to keep things going during tough economic times
  • realising taxable benefits for homeowners

Converting Space Made Easy with Lets-Do-DIY.com

Our friends at Lets-Do-DIY.com – who provide free do-it-yourself advice to enhance and improve your living environment – have some good suggestions to help you on your way to providing self-storage.

Thinking about the extra space you might have available to rent out, what needs to be done to make it ready for someone else to move in?  Consider your cheapest options first – if your garden shed is damp, perhaps it’s best suited to store a boat.  If your attic is quite dry, then it’s ideal for photos and non-seasonal clothing.

A spare room might require a simple paint job.  Where do you start first?  Ceiling or doors?  How much paint should you buy?  What other supplies do you need?  Should you paint in a zig-zag or parallel lines?  All of these topics (and more) are covered on the site.

It’s possible you may have a loft or attic that could be suitable space, but there’s a strange breeze through there and occasionally you see some wildlife.  Again, Lets-Do-DIY provides terrific articles and an active forum where you can discuss specific issues like how to remove plasterboard from the ceiling to ready the space for insulation.

No obvious space to use?  Your teenage son has come back home to reclaim his bedroom?  A new employee has just started and needs that back office?  Perhaps you might have a few square feet in a flat area that can be creatively turned into storage anyhow – why not build a new garden shed?

A wide array of other subjects like providing security for your home, discussion of legislation that you need to incorporate into your building plans a thorough review of the best products on the market or simply descriptions of the best tools to use are all included on the site.

Large or small, Lets-do-DIY.com offers some fantastic advice for free about the best way to handle your job.  You may find a new hobby, a shared interest with your spouse or other family member, or simply a way to help increase the enjoyment and value of your home or office.

So, do something green.  Do it for extra cash.  Do it for the space.

And Happy Podding!