Self Storage Business Have You in Chains?
In the process of marketing to find self storage facilities for sale, we found owners not ready to sell. However, they were unhappy with the current operation of their business. The major issue is the bottom line. Is the end of the month net profit worth the amount of time invested into the operations of their business? Some have reached the point of considering retirement to free up their time. Being problem solvers, we may be aware of services and programs which may assist owners achieve greater success with their self-storage business.
READ ON if You are One of these Unhappy Owners
Too Many Hours! Not Enough Money!
“Insanity: doing the same thing over and over again and expecting different results.”
— Albert Einstein quote from BrainyQuote.com
There could be several reasons this is happening. Often when we are caught up in the day-to-day operations of our business, we do not realize the mistakes we may be making and the time that is being wasted. Having a third party business consultant take a look at business systems, day-to-day operations, marketing and expenses can provide a clear, unemotional analysis. When analysis is complete, a plan to make changes can be developed and implemented. Owners that are members of self storage associations can check vendor/supplier lists for a company that performs this kind of business consultation. Owners can also send an email to bizmgr@montefeselfstorage.com for information on ways our team members can provide this service.
To Many Vacancies!
“Things may come to those who wait, but only the things left by those who hustle.”
—Abraham Lincoln quote from BrainyOuote.com
There may be a problem with the way an owner is marketing his business; or possibly the rates should be examined. Perhaps a manager is missing the boat by letting prospective renters catch the next boat up the road. A third party many times has the ability to see the “missing links” or “indirect sabotage” that is causing this dilemma. The bottom line depends upon immediate action to hire an investigator to solve the cause of the problem. Send an email to bizmgr@montefeselfstorage.com to get started on resolving any current issues.
So Tired of the Stories …
“It is discouraging how many people are shocked by honesty and how few by deceit.”
— Noel Coward quote from BrainyQuote.com
Every month, there are delinquencies which require correspondence with the tenants. Promises are made and sometimes even kept; but, overall this affects the rent revenues. Continuing on with the process leads to loss revenues that even auctions do not always re-coop. Ever imagined growing up becoming a debt collector? So maybe if this is a bother, it is time to retire….. Call us! 512.270.0957