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 […]
(a 3 minute read) Self-storage continues to be a steady investment for entrepreneurs across the country despite the current economic rollercoaster the country is facing. Knowledgeable self-storage owners can confidently make calculated and strategic additions to their properties. New investors can make wise decisions with the help of trusted advisors as well. Let’s look at several two development sites and two properties currently available in Florida now. Lady Lake, […]
Security is one of the most important factors in owning and managing a self-storage property. The most secure self-storage properties are attractive to potential customers because they know their property will be safe. When building a new property, it is easy to factor in the most important security features for self-storage. When acquiring an existing property, it’s important to assess security first and make necessary changes. What self-storage security features […]
In the commercial property industry, the key to success is tenant retention. Good tenants are not always difficult to find. Good tenants are often cultivated through a mutually beneficial and respectful relationship. Tenants provide property owners with steady rental income. Commercial property owners provide tenants with space to conduct their business. The relationship benefits both parties. There’s not a commercial property owner anywhere who wants to own a vacant building. […]
The self-storage industry continues to be a consistent, sound investment. At two years post-pandemic, recent market data reflects that self-storage is worth consideration to expand current investments for entrepreneurs. According to the December 2022 Storage Café report, investors can continue to feel confident in self-storage. Extensive figures can be found at https://www.storagecafe.com/self-storage-industry-statistics/ Across the United States, self-storage boasts 2 billion square feet of available self-storage space according to the Self-Storage […]
As an entrepreneur and commercial property owner, it’s important to consider the maintenance required to keep your property in good working order and looking good. Think quickly of a time you drove past a property in disrepair and noticed the work it would take to bring it back to its original state. How did the property even get to its current state? Reliable, detailed property maintenance makes the difference in […]
Self-storage continues to be a consistent industry to attract investors. As of this post, the average occupancy rate in the state of Florida still holds close to 93%, according to the Commercial Observer. Self-storage continues to prove to hold strong despite the current tumultuous economic situation. Even in a state like Florida with high tourism, the need for storage continues to be strong with RVs, boats and other larger […]
As we dive headfirst into 2023, let’s look at commercial property management and if a property manager is a smart move for your situation. Property management companies can handle many types of property including single-family homes, vacation rentals, multi-family homes, office or retail space. Whatever your investment portfolio looks like, a great property management team can take care of it. What is a property management company? A property management company […]
