The number one way to ensure that your rental property provides the best financial return is to avoid vacancies in rental occupancy. A lot of competition is out there, and it usually takes ongoing work to maintain a high occupancy rate. A property management company has all of the tools in place to win this essential battle for tenants. The following are among the top strategies for avoiding rental vacancies. […]
Self-storage facilities can be excellent investment properties, especially if a strong sense of customer loyalty is cultivated. Great customer service and an environment that communicates the value of tenants will do a lot to encourage customers to stay put rather than migrate to another facility that may offer hard-to-resist discounts or other benefits. The following are proven ways to strengthen customer loyalty at a self-storage facility. Create a Welcoming Atmosphere […]
Property management companies can make a commercial property owner’s life easier, and one headache property managers handle is the issue of late rent payments. Good management makes a difference in many ways, and ensuring that rent payments are deposited in a timely way is a major benefit. Collecting on-time rent payments is a common struggle, but dealing with late payments doesn’t have to be an ongoing problem. The following are […]
When you get involved in self-storage as an investment, you enter a very cozy industry, where connections of an experienced self-storage broker truly count. Weaver Realty Group serves the entire Florida peninsula and has the added benefit of being an affiliate with the Argus Self-Storage Network. At Weaver, we have come to specialize in acquiring, selling, and evaluating self-storage properties of every size and type. The following are among the […]
Before setting guidelines for a pet-friendly property, you may struggle with the pros and cons of allowing pets. The potential problems can seem obvious: Property damage, pet odors, liability for animal bites, and disturbances caused by barking. In-depth research ultimately reveals, however, that the benefits of allowing pets on property outweigh the negatives. The pool of prospective tenants is much larger when pets are allowed, since almost half of all […]
Consumer behavior has almost entirely shifted toward use of the Internet in recent years, making a business website essential for any self-storage property. The website address is also known as the URL, which stands for “Universal Resource Locator.” Start with your company’s URL, when evaluating whether your website could do a better job of attracting customers through your online presence. 1-Eliminate the Hyphen A website address is more customer-friendly when […]
Choosing desirable tenants is one of the critical roles of a property manager, and non-discriminatory tenant screening is an essential part of that job. Discrimination lawsuits can be extremely costly and should be carefully avoided. To adhere to rules of fair housing and non-discrimination, the following information should never be included or asked about in the process of screening tenants: Age, family status, race, nationality, religion, and disabilities. The following […]
Maintaining a low vacancy rate at a self-storage facility begins with giving renters what they are looking for. The answer to what tenants want in a storage facility can largely depend on the area where the property is located. Some features are universal and less of a risk for owners aiming to target investment dollars wisely. The following are some insights for ensuring that your self-storage investment property draws customers […]
Vacancies tend to fill up more slowly in winter months, but some property management upgrades could help move things along. There are various “tricks” that can grab the attention of potential tenants more quickly. It’s never a good time to become complacent, in property management. Movers may have trouble drumming up plenty of business, but you don’t have to experience the same down time. The following are some ideas for […]
With the right kind of prep, the sale price of a self-storage facility can potentially increase by six figures. There are several areas you can focus on, to yield good results. Before putting your self-storage facility on the market, boost the curb appeal, enhance revenue, put expense reporting in order, and more. An excellent option is to work with a brokerage service, as well. Improve Curb Appeal Attracting buyers for […]
