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03/30/2020

KSSOA COVID-19 Response

Letter from the President

With the COVID-19 situation continuing to evolve across our nation and the world, I want share some thoughts and observations with storage owners across Kansas.  Hopefully, we are keeping a positive attitude and looking to come out of this crisis stronger than ever.

As the highest priority is the health and safety of our employees and our customers, storage owners are being extra meticulous in social distancing and the hygiene of our facilities.  Most owners are staying open with either with regular hours or somewhat reduced operations.  It is our understanding that the Department of Homeland Security has deemed self-storage as an essential service and is not mandated to close as part of the Shelter in Place orders.  How individual owners handle their own particular situation in regard to late fees, lien sales, hours of operation, etc. is up to them, and we hope that owners and tenants work together to get through this difficult situation.

What we have seen in the market, so far, is:

Operations:

Financial Environment:

I am confident that when we get on the other side of these crises, we will benefit from efficiencies and best practices that we now being driven to implement.    

Stay safe, everyone.

Larry Goldman, CCIM
President, Kansas Self Storage Owners Association 

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