Third-Party Self Storage Property Management
Self Storage Property Management Solutions
Our storage unit property management team will assist with a wide array of tasks, including the following:
Employee Services
Staff planning and scheduling
Employee timekeeping
Recruiting and training store managers
Implementing standard operating procedures
Enforcing uniform standards
Daily Operations
Collect rents and fees
Conduct unit auctions
Liase with ownership
Communicate with customers regarding inquiries or issues
Accounting
Record income and expense records through the operating account
Manage accounts payable (AP)
Reconcile reports and deposits daily
Maintenance & Expense Management
Prepare monthly financial statements and compare actuals to the budget
Generate monthly progress reports
Track key leading and lagging performance metrics for future success
Revenue Management Reporting
Manage asking rates based on vacancy and demand
Oversee in-place rates and implement increases
Identify additional sources of revenue
Auditing & Financial Controls
Conduct regular store visits to assess cleanliness, curb appeal, and document maintenance
Perform monthly audits of inventory, cash, and supplies
Prepare annual budgets
Reconcile revenue and process bank deposits
Oversee software restrictions for managers
Proven Expertise: Tap into our deep-rooted knowledge and experience in third-party management across diverse industries.
Tailored Solutions: We understand that each business is unique. Our solutions are tailored to meet your specific needs, facilitating efficient collaboration and achieving shared objectives.
Revenue Expansion: Explore new avenues of profitability through innovative approaches, tapping into previously untapped revenue streams.
Risk Mitigation: Our strategic risk management protocols safeguard your interests, providing a stable foundation for sustained growth.
Operational Excellence: We optimize processes, enhance resource allocation, and provide seamless coordination, enabling you to focus on your core activities.
Data-Driven Insights: Harness the power of data with our analytical tools, enabling equally informed decisions for greater efficiency and success.
Continuous Adaptation: As market dynamics shift, we swiftly adapt your strategies, making sure you’re always aligned with emerging trends and customer demands.
Common Issues We Address With Our Management Services
Running self storage companies involves numerous moving parts. Owners may struggle with high staff turnover, inconsistent operations, and limited visibility into daily performance. Missed rent increases and outdated systems can also cut into profits. Without consistent oversight and a clear strategy, even strong storage facility locations risk losing out on increased revenue opportunities.
A skilled self storage property management team steps in to bring structure and momentum. Through proven procedures, they streamline operations and work with dependable staff who know how to perform their tasks effectively. They use data to guide their decisions and conduct regular audits, adjust pricing in real time, and prevent costly maintenance surprises before they occur. With expert oversight in place, owners can better protect their investment and enjoy lasting growth.
IN THE PRESS
Take a look at what our team is up to and get to know just a few of the experts you could have managing your assets. Check out our VP of Operations in a discussion about the impact that hiring a reputable and experienced third-party management company has on the overall success of your business: