Many self-storage facilities offer air-conditioned or heated indoor units. Throughout the country, these are called “air-conditioned”. It is a dangerous term. This implies that you, the plant operator, will “control” the climate. If you have this sorcerer-like power, you can never allow the air to become too cold or too hot, or the humidity to become too high. Your real estate is in good hands with the experienced employees and systems of Life Storage Solutions. We use proprietary accounting and financial control systems that centralize data and enable real-time updates for services such as online payments and online bookings. The accounting team is made up of more than 30 professionals led by three CPAs who together have over 30 years of experience in the field of self-storage. The reason for this is that the effort of managing a storage facility does not decrease significantly if it is a small facility with a small source of income. In most cases, there are always the same staff who need to be recruited, trained and managed. There are still contractors who take care of the door, walkways, pest control, landscaping, rolling doors, HVAC, roof and building. There are still computers and printers that stop working.
There are still annual financial statements to be prepared and monthly reports to be prepared and submitted to the owner. For this ever-growing group of customers who prefer to click rather than call, you can rest assured that they lifestorage.com easy to navigate and ready to take over their storage rental. Backed by an aggressive marketing budget and digital strategy, your property will gain excellent visibility in search and leverage our ability to target clients who demonstrate a potential need for our services. So, if your storage has a gross monthly income of less than $50,000 on average, you may need to consider including other performance-based compensation in your management contract so that if the management company is performing well, it will have the opportunity to be adequately compensated. The next and most obvious need is the actual terms of the agreement. Of course, the monthly rental amount, payment due date, and late fees that could be assessed are important, but there are many other things to consider: the problems homeowners face when deciding to manage their investments themselves can be both large and expensive. Check out this informative white paper that outlines the potential pitfalls of managing your own property in this competitive era of branded storage. Whether you`re considering purchasing a storage facility or currently own one, this enriching read will provide a solid solution to an emerging problem. It`s important.
Tenants who are robbed may choose to sue the landlord. In many states, landlords are not liable for the criminal acts of third parties until they have agreed to provide security in their lease or otherwise. Burglaries will occur. Make sure your lease makes it clear that tenants should have insurance, as they are solely responsible for storing the contents of their device. Whenever the phone rings, your potential customers are served by our highly trained call center representatives. With over 50,000 calls a month, seven days a week, 24 hours a day, you won`t find a team better prepared to convert requests into customers. With the latest training techniques for selling storage, as well as the availability and price of storage space, the Life Storage call center is ready to deliver the rents your stores may be missing. The reverse is also true. The more revenue the facility generates, the more most management companies will be open to handle less than the industry standard fee of 6% of gross revenue and a share of tenants` insurance. Aside from an increased customer service burden, the cost and effort of managing a large, modern facility is not much higher than the cost of managing a medium-sized facility.
Since cost and effort typically don`t increase in line with the revenue growth of a large facility, there might be room for you to negotiate a standard fee reduction. Our size, customer base and 30 years of experience in the self-storage industry provide you with a solid foundation on which to build your future and increase the value of your investment. Crescendo Self Storage Management`s pricing is the same as other professional management platforms. Here you can see the many services typically included in our standard management relationships with third-party providers. If you`d like to give us a try, take a look at the different consulting services we can provide. All-inclusive third-party management for storage facilities. Life Storage Solutions offers you a full menu of comprehensive HR services provided by experts who not only understand the details of HR, but also know the specifics of working in the self-storage industry. Focus on what`s important to you and hire Life Storage to focus on payroll, health insurance, tax reporting, human resources, recruitment, and retirement planning. Life Storage Solutions recognizes the importance of people to the success of your business.
We pride ourselves on providing our employees with the most comprehensive and robust training in the self-storage industry. With specialized online training, performance reviews, peer-to-peer networking, and excellent training for new employees, Life Storage will equip your facilities with a team focused on success. The complexity of your operations and the extent of your needs also affect management costs. For example, if your facility generates $60,000 in car rental revenue, management companies know from experience that the type of operation requires more staff and increases complexity, and that would be something we would consider when making a proposal. .