KPIs to Measure the Performance of Property Management Services

When you want to determine how a property management company is handling your commercial or residential properties, you can use key performance indicators (KPIs) to make an assessment. Property owners are known to monitor performance to determine how well property managers are handling and protecting their investment. Unless they are already operating as consummate professionals, it may provide motivation for property managers to put forth their best efforts if you […]

Self-Storage Litigation Facility Owners Should Know About

Although the self-storage industry continues to have steady 7.7% annual growth since 2012, self-storage litigation is a potential drawback. A variety of legal issues can often catch self-storage owners unawares, which can be costly. With the right knowledge and follow-through to avoid liability, there’s every reason to cruise into the self-storage investment industry with confidence. Security The lease agreement presented for tenants to sign should be clear on the level […]

7 Ways Project Managers Mitigate Risk

Anything with the potential to disrupt the timeline for completion of your project is a risk, and professional project managers are experts at eliminating such disruptions as much as possible. It requires experience to identify potentialities and plan ahead in order to minimize cost. In essence, project managers proactively identify, categorize, prioritize, and plan for potential risks rather than taking the significantly more expensive approach of simply reacting to various […]

5 Tips for Marketing Your Self-Storage Facility

The self-storage industry continues to thrive, though owners may find themselves in need of more effective marketing strategies to rise above the competition. Improving your profit margin could be accomplished with a fresh marketing campaign, especially if you have recent facility upgrades to publicize. Should your flow of ideas run dry, the following tips for marketing your self-storage facility may help. 1-Analyze Existing Data Any industry owner truly serious about […]

5 Best Property Management Practices

A property management firm can make your life as an investment owner easier or more stressful. When you hire a proven, experienced company to handle management of your property, your increased profit margin will typically cover the management costs and more. The following are some of the best property management practices that help to run a property smoothly. 1-Screen Tenants Carefully & Without Discrimination Choosing the best tenants for a […]

Why Provide Climate-Controlled and Temperature-Controlled Self-Storage

The success of your self-storage facility largely depends on how well you meet the needs of clients in your area. There are many specific demands that you could focus on to gain long-term tenant loyalty, including climate-controlled and temperature-controlled units. The better you understand the difference between these two types of self-storage, the better equipped you are to decide whether one or both types is best for your service area. […]

Indoor and Outdoor Facilities Maintenance Prep for Fall

In addition to daily upkeep, preparations for fall and winter are important steps in facilities maintenance. Seasonal tasks address operational objectives, help to lower repair costs, and ensure a healthy and productive work environment. Another vital consideration is maintaining a business property in a manner that provides existing and prospective clients with a positive impression. The following are some exterior and interior facilities maintenance tips to prepare for fall and […]

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 […]