Tenant-Protection Plan: A Storage Operator's Secret to Increase Rent Roll, Profit and Portfolio Value
A tenant-protection plan is not the same as tenant insurance. It takes advantage of the lessor/lessee contractual relationship and modifies the "Release of Liability" provisions found in most self-storage rental agreements. The operator, for an additional monthly fee, assumes responsibility for a tenant's property up to a stated amount. The operator insures the additional risk by purchasing insurance for himself. A tenant-protection plan is customer-friendly, provides protection for tenant goods and creates a revenue stream for the operator. If you're interested in offering such a program, this whitepaper will tell you more.
- Protection plan advantages to the self-storage owner/operator, including sample financials
- Insuring protection-plan risk
- Protection-plan implementation strategies and regulatory compliance