A self storage property management company can free you from administrative tasks and daily operations associated with operating the facility. The company helps with aspects like accounting and auditing, employee recruitment and training, and expense management. Here are some FAQs about storage unit management companies:
What Is a Storage Unit Management Company?
Storage unit management companies are third-party firms that oversee the operations of a self storage facility. You can hire a self storage property management company to oversee day-to-day operations, such as cleaning, rent and fee collection, customer communications, and unit auctions. These companies may also manage property maintenance, business marketing, financial services, and customer service to keep your facility running efficiently.
Other services include security verifications and hands-on management required to provide a secure and accessible environment for tenants. The companies have skilled professionals who know what’s required to manage self storage facilities, schedule staff training and duties, and resolve customer disputes. Storage unit management companies also organize lease agreements and assess rental rates.
What Benefits Do Management Companies Offer?
Storage unit management companies reduce your responsibilities, making them more manageable. Your role is to determine if the company performs to your expectations and agreement. The company can help you increase operational efficiency through optimized processes, resource allocation, and seamless coordination.
Property management companies also improve customer service and satisfaction and use enhanced marketing strategies to attract more business. The companies can help you mitigate business risks and expand revenue by exploring untapped revenue streams. Leading storage unit management firms use technology and software to leverage data-driven insights and analytical tools, informing decision-making. They also adapt to market changes and trends to keep your facility profitable and attractive to customers.
How Can Property Management Increase My Revenue?
Storage unit property managers are trained to spot new revenue opportunities within existing frameworks. If you only provide self storage units for clothes and household items, the management team will explore other options, such as vehicle storage. Property management companies can explore recreational vehicle self storage, boat storage, and climate-controlled units. Management companies may also plan and manage facility expansions.
Do Property Management Companies Retain My Team?
Property management companies have teams of skilled and trained managers and assistants. They also handle employee services like manager recruitment and staff training. If you already have a reliable team, the property management company can create a plan to accommodate them in various roles. The company may also retain your cleaners, security personnel, or assistants based on your recommendations.
If you want a complete staff overhaul, the property management company can schedule recruitment meetings, interviews, and training for different roles. Complete overhauls may be accomplished in phases to promote a smooth transition. The management company can also retain core personnel while adding other skilled members to boost productivity.
Find a Self Storage Property Management Company
You can hire a property management company to oversee all aspects of managing the facility while you remain the owner. These professionals will manage your accounts payable, make sure staffing needs are met, and provide monthly progress reports. Contact a storage facility management company today to learn more about their tailored solutions.
