Four Easy, Free Ways to Market Your Self-Storage and Why It’s Needed

Whether you’re an owner/operator or a savvy, self-storage manager, keeping your property fully-leased is the goal. Even though most American self-storage businesses stay close to 90% full, it is important to leverage free marketing to keep it that way. Let’s take a look at four easy and free ways to market your business. You can incorporate one or all of them into your marketing strategy today. Facebook business profile Instagram […]

Retaining commercial tenants in challenging times

As a property owner or manager, you have a lot of tasks. One of the most important tasks is keeping tenants happy for retention. It’s often much easier to retain great tenants than to work at finding new ones. The past year has presented many challenges to small businesses. As a result, tenant turnover may be an issue you face now or in the near future. Let’s cover 5 ways […]

Preparing to Sell Your Self-Storage Business

The sale of your self-storage business requires the same thoughtful attention to detail as when you acquired it. Originally, you considered the physical assets, number of units, amenities, and income potential. These items are still important to consider; however, determining the property’s value is where this process begins. Property Value Start your sale process by determining your net operating income. Your net operating income will determine the value of your […]

Mistakes a Property Manager Avoids

Whether you are new to property ownership or a seasoned professional, there is generally one goal. That goal is to generate income on the property. In order to do that, the place to start is with an experienced property manager. A property manager can make or break your financial situation in very little time if they are making mistakes. Let’s look at 6 simple mistakes to avoid. Property Management Agreement […]

Start the Year With a Preventive Maintenance Calendar

As a property owner, you pay close attention to your income and assets. An annual preventive maintenance schedule helps you protect both. Any time of year is a good time to start if you don’t already have a schedule set. Since it is a new year now, we will discuss setting it up on a calendar-year basis. Starting in December, take some time to list out all maintenance needs and […]

Why You Should Consider Facilities Maintenance Software

A property portfolio can be simple or complex. Every property is unique. As a result, each property will have maintenance needs and features to consider on a regular basis. If you own multiple properties, this can quickly become a bigger task to manage than anticipated. Facilities maintenance software is a great tool to have. How do you find the best one? How do you find one that meets your specific […]

The Highs and Lows of Property Management

As with any business, there are highs and lows to consider. If you are new to this field, there are common mistakes to be aware of before you get your business into trouble. Even seasoned property managers can get behind on things that must be done if they have too much on their plate. Let’s look at 5 areas to help your business run smoothly, efficiently and effectively. These things […]

Selling Your Self-Storage Business – Why a Broker Matters

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, […]

Necessary Security Features for Self-Storage

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 […]

Facilities Maintenance & Disaster Preparation

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 […]