The most obvious way to increase revenue as a commercial property owner is to maintain a high occupancy rate. The value of your multifamily property can also be increased if you add additional streams of income. When the income streams are in-demand features, the two strategies work together to increase Net Operating Income (NOI). The following are some ideas for adding value to your apartment property with new money-making ventures. […]
Does your self-storage facility offer the top security features self-storage renters have on their checklists? If so, you increase the chances of meeting and possibly exceeding your goals for monthly income. When tenants see that a facility provides what is most important to them, you can also expect to reap the long-term financial rewards of tenant loyalty. There are many features you could add to your property, to instill customer […]
There are two basic categories to give attention to if you want to ensure a high level of occupancy at your commercial rental property and they are: Online and Onsite. Draw quality renters in by making the most of available technologies to create dazzling displays and provide effortless online interaction, real-time information, rich website content, and more. When potential new renters arrive at your property, continue to make an outstanding […]
To increase your self-storage occupancy rate, widening your target audience to include businesses may help. Many industries use business storage these days, to help with management of their space. The following are some of the ways businesses are benefiting from self-storage, and you could target marketing dollars toward sharing this information with local proprietors. Seasonal and Promotional Items Maintaining inventory in an organized manner helps to cut waste. Businesses with […]
“Online reputation” is a modern-day phenomenon that commercial property owners and property managers can’t afford to ignore. Studies show that consumers put a lot of stock in reviews posted on the Internet. The most desirable renters often choose their new home based in large part on what others have to say about the property on social media. Residents and others who air out their grievances on high-traffic sites frequently affect […]
Self-storage is helpful for many reasons, besides the usual tucking away of excess belongings during a move. Why not put advertising dollars toward informing residents of ideas for storage that they may have never thought of? It’s springtime and the perfect opportunity to point out that spring cleaning can be better than ever by renting a self-storage unit to store winter clothes and other things needed during the past season. […]
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 […]
