If you need help managing your storage facility, a team of professionals can provide services to keep everything operating efficiently. You can consult these experts for third-party management services that meet your requirements. Here are some elements of successful self storage property management:
Daily Operations
Reliable self storage property management offers oversight of daily operations and security measures, such as 24/7 video surveillance, to protect whatβs being stored in the facility. They can help mitigate potential risks that arise. To prevent unauthorized visits to the units, some companies use personalized codes and better lighting that improve visibility. Other management professionals screen tenants before they enter the premises so that only the right people access the place. Secure digital access like keypad entry systems protect sensitive belongings like documents, equipment, and inventory. Other locations employ security guards to check the facilities routinely for any safety issues, such as tampering with locks.
Routine Maintenance
Routine maintenance is required for a self-storage unit to operate efficiently, including repairing doors and locks. A team can also inspect security systems like alarms to determine if they’re working or if they need fixing to boost safety. In climate-controlled units, HVAC systems are checked and serviced to continue protecting delicate items like business documents or luxury cars. Before a new tenant rents a storage facility, professionals clean the space to make it look more presentable. To keep the place pest-free, a crew seals cracks and entry points to prevent rodents and insects from entering.
Financial Management
Management teams offer financial assistance by handling invoices and late fees or penalties. They also handle monthly audits of unit inventory. To simplify this process, specialists send alerts to customers so that they can pay on time. These professionals also generate monthly revenue reports, which help track income from rental units. Some companies use software to set the correct prices, depending on the unit size, location, and demand. For expense management, a team can review operational costs, including maintenance, utilities, and marketing costs, to see if a facility is doing well financially. These companies also offer reconciliation services to determine if financial statements are correct or have errors.
Adaptation to Market Trends
Adjusting to market trends is another element of successful storage facility management because it helps understand what features tenants require when renting a unit. By highlighting features like climate-controlled units, 24/7 access, and security, customers can rent storage units. Experienced companies check what competitors are doing and offer ideas to stand out among the competition. To help storage units attract more customers, these experts run targeted marketing campaigns through different social media platforms. Depending on the market dynamics and trends, a team may adjust rental rates so that the unit becomes competitive.
Find Self Storage Property Management Solutions
Storage property management teams handle different tasks such as finances, upkeep, and marketing, among other services. Whether you have one or multiple units that require managing, you can delegate the job to these specialists. To boost your facilityβs success, call a storage property management company today to learn more about its offerings.
