The Game-Changing Benefits of Third-Party Remote Management
Investing in self-storage facilities can be a lucrative venture. However, it is also important to pay attention to the challenges and costs that come with managing staff, customer service, bookkeeping, and marketing. The good news is there is another option: remote self-storage management.
Remote management is revolutionizing the self-storage industry, offering a hassle-free solution that is both time and cost-effective. Let’s explore the game-changing benefits of remote self-storage management and why it’s an attractive option for those looking to increase the return on their investment and save time.
Dedicated Remote Management Team
Comprehensive Customer Service
Streamlined Bookkeeping And Financial Management
Strategic Marketing Support
Advanced Technology Integration
Other Ways To Maximize Efficiency
Maximize Returns And Simplify Operations
Lower Expenses
There was a storage facility recently purchased in Tennessee for $1.375 million. Copper Storage Management was their remote management team, and the investment was appraised for $4.2 million in less than 18 months after Copper Storage Management implemented changes. Copper Storage Management was able to achieve this substantial value add by cutting payroll costs, raising rates, and cutting collections.
In Holt, Mich., a 31,200-square-foot property was built for $1.8 million. After just 11 months, the property was at 74 percent occupancy, with $21,000 expected in monthly income. The current asset is valued at $2.8 million, but we expect the value to continue to grow to $3.8 million once the property is 90 percent occupied. Copper Storage Management was able to facilitate a quick lease-up by providing a fast and easy rental process for customers. Tenants can rent 24/7 on their own via the website or rent with a person 12 hours a day, 7 days a week, via their phone.
Investing in a self-storage facility does require thoughtfulness, intentionality, and preparation. However, the long-term investment can outweigh the upfront time and energy if you invest wisely. Using a self-storage management company like Copper Storage Management will provide peace of mind while simultaneously saving you money.
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