It’s no secret that most employers currently face staffing shortages thanks to the varied experiences of 2020. Whether people faced layoffs during the great shutdown or they now wish to pivot their careers and head in a new direction, many employers find themselves working to fill spots with qualified candidates. It can be helpful to understand why people suddenly shifted; however, it’s important to not spend too much time considering […]
Many states already require it, and in the cases where the states do not, most property owners will require it. Today let’s discuss the necessity of renters maintaining a liability insurance policy to demonstrate adequate coverage in the event of an accident. What is commercial general liability insurance? According to The Hartford, “commercial general liability insurance (CGL) helps protect your business from claims that it caused bodily injuries or damage […]
(3 min read) As self-storage continues to be a great business to own and operate, owners often look for ways to add value for customers and increase their visibility within the community. There are lots of different ways to increase profit that we have covered in other blog posts. Today we will look at Amazon Hub Lockers and what’s involved with hosting. Information is readily available on the Amazon Hub […]
(3 min read) In the world of commercial real estate, investors are either looking for the next opportunity or creating one. It’s important to consider ways to set your space apart from competitors while also keeping in mind the need for low-maintenance and environmentally friendly spaces. Commercial properties that are currently in high demand include RV parks, apartment complexes, office buildings, storage facilities, and those with a high number of […]
A self-storage business has consistently been a good investment. Even with the current market, Neighbor.com reports that self-storage businesses across the country continue to run at 92% occupancy. The month in, month out for December 2022, was 0.95, which means that for every 100 people vacating a storage unit, only 95 tenants moved in. (Sparefoot.com) There are ways to turn a self-storage into more than just a storage facility. This […]
(a 3 min read) The single greatest challenge to property owners is attracting quality tenants. The right tenant will remove all the other obstacles a property owner may face like late or missed rent, property damage, high turnover, and legal issues. Let’s look at 5 ways to attract quality tenants with great property listings. Write descriptive listings Use great photos Utilize print marketing Post on social media Utilize the best […]
Since 2020 with the unprecedented response to the Corona virus, individuals and families have been looking for ways to continue to travel and enjoy life safely. The RV sales industry never closed its doors during the pandemic, which meant that people could still purchase RVs to use as needed. Manufacturing did suffer during this time for a 90-day period; however, it has now returned to normal manufacturing and retailers can […]
It’s becoming more common to see pets allowed in various commercial properties. From service animals to personal pets, people want to have their pets with them as often as possible. As an owner of a commercial space, it’s important to be informed of the risks in order to determine if this is something to pursue for a commercial property space. According to the Society for Human Resource Management, “approximately 9% […]
“Competition is always a good thing. It forces us to do our best. A monopoly renders people complacent and satisfied with mediocrity.” – Nancy Pearcy In the business of self-storage, you won’t have to look far to find your business competition. With over 51,000 self-storage facilities in the United States, there are likely several within a quick driving distance (Sparefoot.com). Florida alone has over 2,600 self-storage businesses (selfstorage.com). Competition keeps […]
(a 5.5 read) In the commercial property world, investors and owners have options for running their properties. Initially, many owners prefer to be hands-on in the daily operations of their property until they begin to expand and the tasks become too great to handle on their own. It often becomes necessary to find experienced property or facility managers to keep investments running smoothly and ensure they are well-maintained. What […]
