Michael Mele

Marcus and Millichap Real Estate Investment Services
News Articles
Self-Storage Lien-Law Bills Filed in Florida House, Senate

Self-Storage Lien-Law Bills Filed in Florida House, Senate
By: Inside Self Storage

Two bills that will improve the lien law for self-storage operators in the state of Florida have been filed in the House and Senate and will be heard in committee hearings next week. The national Self Storage Association (SSA) and Florida Self Storage Association (FSSA) have been working for three years to improve and modernize the state's self-storage legislation. The current statute was established in 1979. Senate Bill 646 and House Bill 715 are sponsored by Sen. Steve Wise (R-Jacksonville) and Rep. Matt Caldwell (R-Fort Myers).

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FSSA Article - Outgoing President's Perspective 2008

FSSA Article - Outgoing President's Perspective 2008
By: Michael Mele

As I write my last perspective on self storage as president of the Florida Self Storage Association I can't help but to think of the word progress; specifically, the progress made by the FSSA over the last two years. What was once a small group of South Florida self storage operators, is now the organization at the center of the Florida self storage industry nationally known and emulated.

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FSSA Article - President's Perspective October 2007

FSSA Article - President's Perspective October 2007
By: Michael Mele

Self-storage has rapidly evolved from sprawled facilities with orange roll-up doors run by moms and pops to a professional industry that Wall Street is watching.

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Maintenance and Repairs Article - April 2007

Maintenance and Repairs Article - April 2007
By: Michael Mele

Glossing over your self storage facility's maintenance needs will affect daily business, the way others perceive it, and ultimately, your ability to sell the property for a higher price. Whether a problem requires a major repair or a quick fix, it is best to deal with it head on. In doing so, you stay one step ahead of schedule.

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FSSA Article - President's Perspective April 2007

FSSA Article - President's Perspective April 2007
By: Michael Mele

How has your facility been doing over the last 6 months? I have asked this to many owners and operators and many of them have told me the same thing, "not so good" This is in stark contrast to the responses I received in the past.

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Mini Storage Messenger Article - February 2007

Mini Storage Messenger Article - February 2007
By: Michael Mele

New development is on the rise, higher property taxes and insurance costs could lead to stagnant revenues, and vacancies rates are likely to increase as competition stiffens. we are already starting to see signs of the impending pinch, The bottom line: self-storage may not be as lucrative in 2007 as it was in 2005.

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FSSA Article - President's Perspective 2006

FSSA Article - President's Perspective 2006
By: Michael Mele

Insurance, insurance, insurance...is there anything else anyone is talking about? As I write this article we are staring down yet another storm, waiting to see where it will land and how strong it will be when it gets here. This, unfortunately, is a fact of life in Florida. In 2004 we had five storms that totaled 20.9 billion in insurance claims. In 2005 we had five more severe storms that totaled 9.3 billion in insurance claims and is most likely is still climbing. Needless to say this was a tough two years in all the Gulf States. With losses like that it is no wonder insurance companies have left Florida in droves.

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