Making money may be the first goal of every entrepreneur. No one starts a business thinking they want to lose money. If that’s the case, the second goal would likely be making sound business decisions. Sometimes, that will lead you to sell your business. Regardless of the reason, selling your self-storage business can be lucrative and smart. It can also be challenging and painful. When the time comes to sell, […]
When customers choose self-storage, they’re looking for a place to store their business tools, business inventory, or other personal treasures. They want a safe and secure place for their items of monetary or personal value. As a business owner, it’s important to have a security plan to offer your customers peace of mind. Your reputation for security can make or break your business. A security plan incorporates three main areas […]
Last week we discussed preparing your self-storage business for natural disasters. By focusing on an emergency response plan and communication with customers, you can relieve a lot of headaches during a natural disaster. Regardless of the type of commercial business or property you have, there are benefits to hiring a facilities maintenance company in planning for natural disaster preparation. There will always be messes to clean up after a hurricane […]
Hurricane season takes up a lot of real estate in the annual calendar. From June 1 through November 30, most individuals along the southern coast of the US are aware of the risks of hurricanes. Local governments are often reminding everyone to be prepared and stay prepared. Your self-storage business requires that same preparation. Hurricane preparedness starts long before hurricane season. If you’re a new or seasoned self-storage owner, preparing […]
Real estate is an excellent investment. Properties hold their value and can greatly appreciate over time. Commercial property is a smart addition to any real estate portfolio. It should be simple enough to purchase the property, lease it out and keep it neat and tidy, right? While some properties are easy to manage, commercial properties present new challenges. Bringing in a property management company is a great idea. Finding the […]
Customers interact with businesses today differently than in the past. Today’s customer will begin their search not on a search engine, but on Facebook or Instagram. Using these social media platforms is not only important, it’s a must in 2020. Communication has changed a lot in the last 20 years, and continues to evolve. Advertising and marketing are now largely influenced by social media. As a business owner, you can […]
This year has basically been one, big, curve ball for businesses across the country. Despite the unforeseen issues the pandemic created for many small businesses, capital improvement projects may be more beneficial than ever. Let’s take a look at three types of capital improvements that make financial sense right now. Environmentally conscious improvements At the top of concerns for many tenants is making changes that are environmentally friendly. Newer construction buildings […]
When considering a self-storage investment property, two choices are available – build new or buy an existing property. Here are three things today’s savvy investor should consider before buying or building a storage property. Building There’s a lot that goes into building a new self-storage facility. Let’s work backward with the most important consideration of all. How well do you know construction or how strong is your construction […]
The disciplines and services needed from facilities management professionals can vary widely, but cost-cutting practices should be a priority. Building maintenance alone is an area in which top-notch facilities management services can prove invaluable. The following are some of the ways the costs of building maintenance can be significantly reduced. LEDs and Lights Out Approximately 35% or a bit over one-third of the total energy costs for buildings is spent […]
While the wearing of masks to prevent the spread of COVID-19 seems uppermost on the minds of most Americans, hackers are a bigger threat to those in the self-storage industry. The resiliency of self-storage has proven to hold out during the pandemic, but cyber threats aren’t cyclical issues or once-in-a-lifetime events. Every business, large and small, is under continuous threat of cybercrime, and great loss can result from a direct […]
