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What's the biggest challenge facing small, independent self-storage owners in 2017-2018?
Increased competition (oversupply)
Lack of available land for expansion
The need for facility upgrades
Securing financing for construction, acquisition or renovation
Hiring quality facility managers
Adequately training facility staff
The effects of industry consolidation
Pricing/marketing pressure created by the REITs
Implementing new technology
Creating an exit strategy
Managing business reputation
Keeping up with industry legislation
Posted 2 weeks.
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