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Four Self-Storage Niches Customers are Seeking

Amidst competitors, self-storage owners have many options for increasing revenue and achieving greater success through lower vacancy rates. Some types of niche storage spaces could help set your facility apart from all the others in your area. Ultimately, by catering to the needs of certain types of customers, you could completely corner a self-storage market and grow your business. Demographic research of the area where your self-storage facility is located […]

Pitfalls to Avoid by Hiring a Professional Project Manager

Commercial improvement projects can provide a range of benefits unless things don’t go according to plan. It’s not uncommon, for example, to pursue a tenant improvement project and have a regrettable experience due to failures in the area of project management. Below, learn some of the pitfalls you can avoid and other benefits of hiring a professional project manager (PM). Improvement Projects Gone Wrong When a project is mishandled, problems […]

6 Ways to Give your Self-Storage Property Modern Appeal

Confidence in the economy is high and so is the demand for self-storage space. Self-storage property owners don’t automatically have a low vacancy rate, however, because it’s a competitive industry. Maximizing self-storage income practically demands that the expectations of modern customers are satisfied. Check out the following tips to ensure modern appeal at your self-storage facility. 1-24/7 Accessibility People work various shifts and many have special circumstances. It can be […]

7 Reasons to Hire a Project Management Firm

Hiring a project management firm for commercial capital improvements and tenant improvement projects has numerous benefits. The experience brought to the table will lower your costs, reduce your risk, and keep your project on schedule as much as possible. Major commercial projects should only be tackled by professionals, not by business owners who have no experience in project management, per se. Project managers (PMs) are in great demand everywhere because […]

3 Pro Tips for Self-Storage Owners

The self-storage industry continues to be strong, but that doesn’t mean your best move is to simply hang onto your property as is or sell for a profit. If your self-storage property is rundown, for instance, an upgrade will put you in good position to charge higher rental rates. Below, learn more about benefits of renovation plus two more self-storage tips from the pros. 1-Renovate It’s a natural human tendency […]

How a Project Manager Improves Business

Project management is in demand in a wide range of industries, and the core benefits typically remain the same. With an experienced project manager in charge, the objectives of the venture can be met, productivity and morale can improve, and profitability can grow. The success of a project is squarely in the hands of the project manager and depends on the manager’s level of competency. Businesses can take the guesswork […]

Seniors Expand Self-Storage Demand in Florida

Florida is famously popular among seniors in retirement, and the needs of retirees strengthen the self-storage industry throughout the state. Some of the most common trending threads across the senior population point to a need for self-storage facilities. In addition to climate-controlled units, it’s helpful to seniors for a self-storage property to include space for boats and RVs. Learn more about these trends below. Downsized Seniors on a fixed income […]

Tenant Improvement Projects

The purpose of a tenant improvement (TI) project is to provide a custom interior finish that meets a specific commercial tenant’s needs. A building owner usually starts out with space for lease in shell condition, meaning the space hasn’t been built out before. This is best because initial improvements can be made according to the needs of the first tenant who has contracted out the space. Once that tenant moves […]

Downsizing: Another Boost to Demand for Self-Storage

Demand and supply are among the gauges that determine how sound an investment in a self-storage facility might be. Not much reason to be concerned, however. The self-storage industry has been steadily growing strong for decades. Since 2012, self-storage has seen an annual growth of 7.7 percent. Many things are driving demand and among them is a downsizing trend. The following is information about benefits of downsizing—advantages which lead multiple […]

5 Ways Property Management Companies Protect Your Investment

Possessing the means to buy investment property doesn’t always indicate that you have the time, experience, or training to perform the essential services of a property management company. Managing residential or commercial investment property adeptly practically demands multi-faceted experience and training. Learn five ways a property management company protects your investment property, as follows. What is Property Management? Property management is a third party maintaining the overall operations of a […]