Inside Self-Storage (ISS) and Extra Space Storage Inc., a self-storage real estate investment trust that also provides third-party management services for the storage industry, have released a new whitepaper, “Why Self-Storage Management Matters: A Closer Look.” The free publication includes a case study of a 20-property portfolio in four states and shares important factors to consider when choosing a property-management company, such as company experience, revenue-management tools, staff training and marketing power. It also includes performance data on occupancy, rent per square foot, net rental income, street rates and discounts, property revenue, Internet rentals, and website performance.
The nine-page PDF can be downloaded from the ISS Resource Center at www.insideselfstorage.com/whitepapers. Other whitepapers may be downloaded through the same page.
Headquartered in Salt Lake City, Extra Space owns or operates 1,052 self-storage properties in 35 states; Washington, D.C.; and Puerto Rico. The company’s properties comprise approximately 700,000 units and 78 million square feet of rentable space.
For nearly 25 years, ISS has provided informational resources to self-storage owners, managers, developers and investors. Its educational offerings include a monthly magazine, annual conferences and tradeshows, an extensive website, an online store, and Self-Storage Talk, the industry’s largest online community.