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2024 Legistlative Changes
FEATURED ARTICLE
The role of the self-storage facility manager is critical.
This is why training is so crucial. Without proper instruction, even the most dedicated self-storage manager can struggle to meet the demands of this multi-faceted role.
FEATURED ARTICLE
Seasonal delinquency trends can be seen by owners as they enter the 4th quarter.
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Tracking these late payments and knowing how to adjust appropriately is essential for storage owners.
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FEATURE ARTICLE
Achieving Total Property Performance follows the basic principles of any successful business:
Find ways to boost revenue and limit costs. The situations that can inhibit sales and drain profits are much less so.
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BREAKING IT DOWN
The start of a new year signifies a time of reflection and an opportunity to plan for the future.
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It is an ideal time to assess what went well and determine how to achieve business goals in the new year.
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FEATURE ARTICLE
Hiring a third-party management company to oversee your self-storage facility can bring a wealth of benefits, but it’s a critical partnership.
Learn about the advantages as well as services to expect and associated costs. ​
BREAKING IT DOWN
Occupancy is defined as the number of units that are occupied over a period of time. This number is then converted to a percentage. To understand occupancy, we need to define vacancy and explore both physical and economic.
FEATURE ARTICLE
Where we once saw markets pushing rents to unprecedented heights, we’re now seeing rates soften and stabilize. There are several factors contributing to this trend including inflation, increased competition, and the outflow of population from metropolitan areas.
BREAKING IT DOWN
Summer is approaching, so it’s time to ask yourself if your self-storage facility is prepared for an influx of rentals.
During Q2 and Q3 most self-storage facilities experience an uptick in rentals.
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BREAKING IT DOWN
As the days become longer and the cold winter weather is replaced with warmer temperatures, it is an ideal time for self-storage owners to prepare their facility to be rental season-ready.
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BREAKING IT DOWN
Owners prepare by reviewing their budgets and noting expenses that could be reduced or removed.
Operators review monthly charges to assess cost, and determine which charges are necessary to run their business.
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FEATURE ARTICLE
Unflattering news reports have surfaced regarding "exorbitant" rent-rate management practices.
The common themes: large operators not being transparent about rental rates and failure to acknowledge and escalate customer concerns to upper management. ​
BREAKING IT DOWN
Sounds easy, right?
The concept couldn’t be simpler; it’s the application that is so daunting. But if it’s so simple, why is it so hard?
Human nature.
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PUBLISHED ARTICLES:
Publication: SSA Magazine; June 2023
Author: Mark Wright
Publication: ISS; December 2022
Author: Christina Rita, StoragePRO Management, Inc.
Publication: Self-Storage NOW! Q1 2023
Author: Erica Shatzer, SSN
Publication: SpareFoot Storage Beat; July 2022
Author: Alexander Harris, SpareFoot Storage Beat
Publication: Mini Storage Messenger; November 2022
Author: Erica Shatzer, MSM
Publication: ISS; October 2022
Author: Christina Rita, StoragePRO Management, Inc.
Publication: SSA Magazine; June 2022
Featuring: Christina Rita, StoragePRO Management
PODCASTS
Featuring: Steve Mirabito, Founder and President, StoragePRO Management, Inc.
Available on: Apple Podcasts