Storage Seeker, an online self-storage directory and price aggregator, has launched a monthly Self Storage Rent Index, which tracks average price fluctuations from same-store units in more than 3,000 U.S. cities. In November, the national index...
Of all the tasks a self-storage manager must perform, raising rates is often the most stressful. Here are strategies for determining rates for new and existing tenants as well as insight to when, how often and how much to raise them.
The variables that affect self-storage operation can make facility ownership challenging. The key to peak performance is the successful implementation of strategic systems that optimize marketing, sales and maintenance efforts.
To truly run a self-storage business well, you need to understand the different types of occupancy rates as well as the data you can access through your management software. Here are some important metrics and reports to consider.
Stortrack, a division of 365 Media Inc. that offers competitor-pricing data, market-analysis tools and first-stage due diligence to the self-storage industry, has added two new features to its online service: market inventory and alerts.
Debt collection is one area in which there’s always room for improvement in the self-storage business. Learn how to train and empower facility managers for more successful debt recovery.
Self-storage operators who establish a proper pricing strategy will reap the rewards. Follow this guide to establish fair rental rates for new and existing customers.