If there is a boom industry of the previous two decades, it is the self storage industry. When buying was a way of life ten years ago, people quickly discovered that even our larger homes were not large enough for the abundance of products we were purchasing. Excess products, sporting equipment, recreational vehicles, and outdated technology were crammed into My Storage facilities.

The “Great Recession,” with its large number of foreclosures and downsizing, caused people to move into much smaller living spaces, necessitating further removal of the furniture, electronics, and various paraphernalia that had accumulated, and, once again, a boom for self storage facilities arrived. However, many of the new clients encountered increasingly extreme economic circumstances, and the facility owners were forced to recover unpaid space and confiscate the commodities held there. The mini storage hong kong facility owners are becoming more aggressive in guarding their premises and claiming and reselling stuff held there.It is important that both consumers and facility operators fully understand the stringent restrictions that has passed to safeguard self-storage customers.

Furthermore, many facility owners recognise that current time is exceptional for their sector, with many families downsizing and allowing stored furniture to be taken even when there are assets still in the family coffers. As a result, abandoning property and assuming the “issue” is resolved is not always a wise option. It could be, or it could not be, and thorough cost-benefit analysis is essential to avoid unpleasant shocks down the road.

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