If you currently own a self-storage facility and are finding that it is very hard for you to manage these units, now might be the right time to hire someone to help you with this. Some residential property management firms specialize in managing residential properties, but others specialize in other types of properties, such as storage units. Here are three ways this will help you and your storage unit business.
They can make sure they are rented out
One of the main goals a property management firm has when taking on clients is finding ways to keep all the units rented as much as possible. In other words, the firm will try to minimize time periods where units are vacant. This is done as a way of increasing revenues for you, the owner, and it is often done because property management firms will usually earn a percentage of the rent money collected each month. This is their incentive to get the job done.
They will collect rent and provide remedies for past-due renters
Taking care of collecting rent is another important service these firms offer. Imagine if you didn't have to make any phone calls or send any letters to customers who did not pay their rent. If you hire this job out to a property manager, you will no longer have these duties. In addition, the property management firm will take care of locking people out of their units if necessary, and emptying out units if the tenants fail to pay their rent and collect their belongings by a certain date.
They will provide cleaning and maintenance services
The third important duty the company will handle for you is the maintenance and cleaning the units need. This will include making sure the driveways, aisles, hallways, and parking lots are cleaned. It will also include changing light bulbs when necessary and repairing doors that are bent or broken. All the maintenance and repairs your buildings need will be taken care of, leaving you with less to do.
If you had a company handling these three tasks for you, it would free up a lot of your time. In addition, property management companies specialize in taking care of rental properties, and they may be able to keep the units rented more so than you could. This could result in more money in your pocket. To hire a company for this, contact one in your area today.