6 Tips for Avoiding Blowback when Raising Self-Storage Rates

  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 […]

5 Attributes of Stress-Free Property Management

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 […]

Prepare your Self-Storage Facility for Winter

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 […]

Why Renters Insurance is Essential

  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 […]

Finding Potential in Underperforming Self-storage Properties

  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 […]

How to Keep Tenants Happy for Financial Security

One of the most cost-effective strategies for commercial property owners is to retain good tenants for extended periods. The factors involved with keeping property tenants happy are numerous and provide the most convincing evidence that hiring property managers is also a way to increase profits. Financial security is what most property owners have in mind when they make investments in commercial real estate. There are many potential complications with ensuring […]

Self Storage Emergency Preparedness Tips

Residents of the Florida peninsula are no strangers to dealing with the impact of natural disasters. Self-storage facilities in the region are also vulnerable. It’s important to have a strategy of preparedness in place before any type of catastrophe strikes. Natural disasters include tornadoes, hurricanes, hail, flooding, and high winds. Preparation is also needed for potential man-made calamities, including vandalism, burglary, arson, and a pollution type of emergency. By taking […]

The Challenges of Managing your Commercial Property

Commercial property can be an excellent investment, but the responsibilities involved are substantial. An individual would need to have a great deal of time and possess a wide range of multi-faceted skills to handle all aspects of property management in an effective manner that minimizes associated costs. The many difficulties have driven countless commercial property owners to discover the benefits of hiring reliable property management services. The following are just […]

Do You Need a Self Storage Broker when Selling your Property?

If you are selling your self-storage property, the surest way to get the best deal is by enlisting the help of a self-storage broker. Independent sellers and real estate investment trusts (REITs) alike have been turning to brokers more and more to handle all particulars of a deal, getting in on proven benefits. It’s always smart to weigh all options, when there are profits to be made on sale of […]

Why Self Storage is a Good Retirement Plan

Have you considered self-storage as a retirement plan? Housing trends show that in coming years, the U.S. population will need more storage space than ever for their belongings, as Baby Boomers move into smaller homes or apartments. This insight is backed by research, statistics, and a flourishing self-storage industry. There are many dynamics which can affect the success of a commercial investment, and that’s why it helps to have real […]