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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
