On-Site vs Off-Site Storage Strategy

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Robert.A.Jr.
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Re: On-Site vs Off-Site Storage Strategy

#51 Post by Robert.A.Jr. » September 2nd, 2019, 11:29 am

This monster hurricane looming over my shoulder down here in Florida is precisely why 95% of my stuff is in protected, off-site storage. I will lose power the minutes winds crest 75 mph. We lost power for 9-10 days due to Hurricane Charlie. And boy would I love to have a walk-in at my house. I even have the perfect spaces for it. Oh well.....
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Re: On-Site vs Off-Site Storage Strategy

#52 Post by Carlton McCrindle » September 2nd, 2019, 11:51 am

Robert.A.Jr. wrote:
September 2nd, 2019, 11:29 am
This monster hurricane looming over my shoulder down here in Florida is precisely why 95% of my stuff is in protected, off-site storage. I will lose power the minutes winds crest 75 mph. We lost power for 9-10 days due to Hurricane Charlie. And boy would I love to have a walk-in at my house. I even have the perfect spaces for it. Oh well.....
Best wishes for safety, Robert. We will be thinking of you and yours.

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John Morris
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Re: On-Site vs Off-Site Storage Strategy

#53 Post by John Morris » September 2nd, 2019, 12:06 pm

Paul McCourt wrote:
April 8th, 2019, 6:04 am
Also, with offsite you can't stand there admiring your collection . . . .
No small factor for some of us.
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Re: On-Site vs Off-Site Storage Strategy

#54 Post by Mich@el Ch@ng » September 2nd, 2019, 12:12 pm

Robert.A.Jr. wrote:
September 2nd, 2019, 11:29 am
This monster hurricane looming over my shoulder down here in Florida is precisely why 95% of my stuff is in protected, off-site storage. I will lose power the minutes winds crest 75 mph. We lost power for 9-10 days due to Hurricane Charlie. And boy would I love to have a walk-in at my house. I even have the perfect spaces for it. Oh well.....
Generator seems like it would be necessary for bigger cellars. Mine has a gas one which runs off our gas line for pretty seamless uninterrupted power but the space is also ~62F in summer anyways so even if power was somehow lost it Wouldn’t be the end of the world.

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Re: On-Site vs Off-Site Storage Strategy

#55 Post by Carlton McCrindle » September 2nd, 2019, 12:17 pm

Are there any Berserkers that are in the off-site storage business?

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alan weinberg
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Re: On-Site vs Off-Site Storage Strategy

#56 Post by alan weinberg » September 2nd, 2019, 12:42 pm

I do both—long term off site and a home walk in cellar. I have deliveries only to my office as there are too many stories of managers of off-site facilities helping themselves to client wines. Mine does not accept deliveries.

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Re: On-Site vs Off-Site Storage Strategy

#57 Post by Jason T » September 2nd, 2019, 3:59 pm

Carlton McCrindle wrote:
September 2nd, 2019, 12:17 pm
Are there any Berserkers that are in the off-site storage business?
Chuck Miller, I believe.
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Chuck Miller
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Re: On-Site vs Off-Site Storage Strategy

#58 Post by Chuck Miller » September 2nd, 2019, 8:04 pm

Jason T wrote:
September 2nd, 2019, 3:59 pm
Carlton McCrindle wrote:
September 2nd, 2019, 12:17 pm
Are there any Berserkers that are in the off-site storage business?
Chuck Miller, I believe.
Yes, for 25 years.
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Re: On-Site vs Off-Site Storage Strategy

#59 Post by Lee Short » September 2nd, 2019, 9:22 pm

When I lived in Seattle, I did both onsite and offsite. My offsite was with Seattle Wine Storage, Chuck's place, and I used the very cost effective pallet storage option for wines that I didn't need to access for several years.

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Re: On-Site vs Off-Site Storage Strategy

#60 Post by Brian G r a f s t r o m » September 2nd, 2019, 11:25 pm

Carlton McCrindle wrote:
September 2nd, 2019, 12:17 pm
Are there any Berserkers that are in the off-site storage business?
I've looked into it (servicing the Los Angeles South Bay area, and I now understand why the area is under-served).
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Re: On-Site vs Off-Site Storage Strategy

#61 Post by Barry L i p t o n » September 3rd, 2019, 3:37 am

I have both.

A big thing in SoCal is how long would things stay cool in case of power outage. My offsite is like an old fashioned ice house, and with all the cold mass in the well insulated room, I’d bet it would be ok for a week if no one goes in or out. At home, maybe a day.

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Re: On-Site vs Off-Site Storage Strategy

#62 Post by Victor Hong » September 3rd, 2019, 3:53 am

With a sufficiently large storm in a low-lying area, even off-site facilities are at casualty and associated financial risks. The key is a special insurance rider to cover regardless of location.

Remember WineCare LLC and Hurricane Sandy.
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Re: On-Site vs Off-Site Storage Strategy

#63 Post by Jeff_M. » September 3rd, 2019, 6:41 am

Also have both. I filled up my on site cellar in about 3 years. My off site is also getting filled faster as I find I am less selective when I have open space to fill.
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Re: On-Site vs Off-Site Storage Strategy

#64 Post by josh bryer » September 4th, 2019, 3:40 pm

Brian G r a f s t r o m wrote:
September 2nd, 2019, 11:25 pm
Carlton McCrindle wrote:
September 2nd, 2019, 12:17 pm
Are there any Berserkers that are in the off-site storage business?
I've looked into it (servicing the Los Angeles South Bay area, and I now understand why the area is under-served).
As a south bay resident, I definitely feel this and I'm also curious about why, though I definitely have an idea and it's something along the lines of.... Rombauer swilling and cases of the latest blown out napa cabs kept under the bar at home and drunk in relatively short order. Not exactly a bastion of nerdy and/or AFWE folks around from what I can tell.

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Re: On-Site vs Off-Site Storage Strategy

#65 Post by c fu » September 4th, 2019, 3:50 pm

josh bryer wrote:
September 4th, 2019, 3:40 pm
Brian G r a f s t r o m wrote:
September 2nd, 2019, 11:25 pm
Carlton McCrindle wrote:
September 2nd, 2019, 12:17 pm
Are there any Berserkers that are in the off-site storage business?
I've looked into it (servicing the Los Angeles South Bay area, and I now understand why the area is under-served).
As a south bay resident, I definitely feel this and I'm also curious about why, though I definitely have an idea and it's something along the lines of.... Rombauer swilling and cases of the latest blown out napa cabs kept under the bar at home and drunk in relatively short order. Not exactly a bastion of nerdy and/or AFWE folks around from what I can tell.
There's a guy witha walk in at my storage facility in Pasadena that's just filled with Steakhouse Napa Cabs
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Re: On-Site vs Off-Site Storage Strategy

#66 Post by josh bryer » September 4th, 2019, 4:00 pm

c fu wrote:
September 4th, 2019, 3:50 pm
There's a guy witha walk in at my storage facility in Pasadena that's just filled with Steakhouse Napa Cabs
I currently have wine at two facilities and have definitely been shocked at seeing what people pay to keep in there...

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Re: On-Site vs Off-Site Storage Strategy

#67 Post by J. Rock » September 4th, 2019, 4:10 pm

To answer my slightly younger self (and for anyone else who is looking for input):

I'm happy keeping bottles that I'll open within a year at home in my wine fridge and bottles that I want to lay down for 1 or more years offsite. My offsite doesn't accept shipments, but I ship my wine to my office.

Also, my storage facility is cheap enough that I wouldn't feel bad storing anything I like in there, even if it's just steakhouse Napa cabs :) (even though that's not what's really currently in there).
J o r d a n

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Re: On-Site vs Off-Site Storage Strategy

#68 Post by Patrick Duffy » September 4th, 2019, 5:03 pm

josh bryer wrote:
September 4th, 2019, 4:00 pm
c fu wrote:
September 4th, 2019, 3:50 pm
There's a guy witha walk in at my storage facility in Pasadena that's just filled with Steakhouse Napa Cabs
I currently have wine at two facilities and have definitely been shocked at seeing what people pay to keep in there...
I own a non-wine self storage business that has some parking for RV's, trailers, etc. One of our tenants is paying middle double digits every month for a Ford Grenada with two flat tires and plates that expired two years ago. Kaching! Then there's the wooden boat with missing planks on the sides of the hull and a 'for sale' sign. It's been there for over two years.

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Re: On-Site vs Off-Site Storage Strategy

#69 Post by JDavisRoby » September 4th, 2019, 5:05 pm

Patrick Duffy wrote:
September 4th, 2019, 5:03 pm
josh bryer wrote:
September 4th, 2019, 4:00 pm
c fu wrote:
September 4th, 2019, 3:50 pm
There's a guy witha walk in at my storage facility in Pasadena that's just filled with Steakhouse Napa Cabs
I currently have wine at two facilities and have definitely been shocked at seeing what people pay to keep in there...
I own a non-wine self storage business that has some parking for RV's, trailers, etc. One of our tenants is paying middle double digits every month for a Ford Grenada with two flat tires and plates that expired two years ago. Kaching! Then there's the wooden boat with missing planks on the sides of the hull and a 'for sale' sign. It's been there for over two years.
And, that’s why self storage cap rates stay strong. America has a lot of crap and needs somewhere to put it!
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Re: On-Site vs Off-Site Storage Strategy

#70 Post by Jason T » September 5th, 2019, 9:14 am

JDavisRoby wrote:
September 4th, 2019, 5:05 pm

And, that’s why self storage cap rates stay strong. America has a lot of crap and needs somewhere to put it!
I'll be curious how much longer this is true. The amount of institutional money pouring into storage, and the number of very sophisticated investment managers channeling that money, is truly staggering (well, staggering to those who think of 'real estate' as an office, a mall/strip center, or a warehouse). You use the term 'cap rate' so it's probably not a surprise to you...
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Re: On-Site vs Off-Site Storage Strategy

#71 Post by Arv R » September 7th, 2019, 10:15 am

One observation to OP - make sure you like the taste of your collectible categories after they have some bottle age. When I was much younger I laid down some vintage bubbly. Over the years I felt like I always preferred it before it developed the aged nutty flavors. So now I keep limited amounts around and just buy & drink it as needed.

Also consider what should get cellar slots if your storage is limited. Some types of wine are pretty easy to find years later, others are not. I'd suggest saving your own storage spots for the ones that would be much harder to find in the open market later on.

Enjoy the journey!
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Re: On-Site vs Off-Site Storage Strategy

#72 Post by J Cangiano » November 21st, 2020, 7:31 pm

Can anyone recommend off site in the south Florida area?
J e s s e

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Re: On-Site vs Off-Site Storage Strategy

#73 Post by Alex Valdes » November 22nd, 2020, 5:17 am

J Cangiano wrote:
November 21st, 2020, 7:31 pm
Can anyone recommend off site in the south Florida area?
Domaine is opening a facility in 2021.

https://domainestorage.com/domaine-florida-2/

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