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 […]
Prepare rental listings that attract quality tenants, to increase occupancy of your property. It’s not as tough to succeed in formulating such rental listings as it may seem. However, do more than simply cover the obvious basics, such as number of bathrooms and bedrooms. You can capture the attention of the best tenants more successfully than the competition does by implementing the following helpful tips. 1-Photos Galore Renters go online […]
A self-storage facility with full occupancy may seem like the perfect situation, but it’s no time to become complacent. There are ways to make even more of the situation. It’s a smart business move to continue being proactive when there are no vacancies. Bottom line is that turning away customers who may be desperate for storage space is not a good thing. Price Hike The principle of supply and demand […]
Property management is the kind of job that often demands the help of a realty company that offers property management services. Without the experience, knowledge, and staffing of a reliable property management service, it’s easy to make costly mistakes. In fact, there are many common mistakes made by do-it-yourself owners and inexperienced property managers. The following are examples of common mistakes experienced property managers typically steer clear of. Handling Repairs […]
There’s no need to worry about a stampede of departing tenants when you raise rates on storage prices. It costs renters, on average, about $150 to rent a truck and move their belongings. A price hike would have to be a full 20% above current going rates for a switch to another facility to make good economic sense. It’s smart to avoid the stress of dealing with a throng of […]
Property management encompasses a range of demanding responsibilities. It can be stressful handling those duties plus dealing with tenants, maintenance technicians, and a plethora of vendors. The job of property management has the potential to be highly rewarding, but it’s essential to minimize stress as much as possible. Maintaining certain work habits creates confidence that all duties are under control and there’s no need to feel anxious. The following are […]
Winter weather can suddenly get nasty at a self-storage facility, no matter where you live. Self-storage operators and managers can save money, avoid hassles, and protect the facility’s reputation by preparing before the season arrives. Customers expect to have access to their storage units, whether or not there have been icy or snowy conditions. It can be very bad for business if tenants can’t access the premises or open frozen-shut […]
The relationship between tenants and landlords can be affected by many disputes. An excellent strategy that protects the interests of both parties and can help to reduce possible tensions is requiring tenants to carry renters insurance. Reputable property management companies have experience preparing leases that require tenants to provide proof of renters’ insurance coverage and to maintain coverage throughout the lease agreement. The protection provides numerous benefits, some of which […]
Self-storage properties can be excellent investments. If you purchase an underperforming self-storage property, the initial cost is less expensive than if you buy one that is thriving financially. The secret to turning things around and having assurance of making a hefty profit is do the right kind of homework in advance. Certain conditions that exist at an underperforming self-storage property are signals that it is an excellent investment. Additional […]
