Storage Maintenance Expenses - What it Really Looks Like & How You Can Manage Them Better
What’s going on everybody, I hope you’re all doing great and you’re out taking care of business in the self storage world. In today’s podcast, we’re talking storage facility maintenance and operations. One of the biggest misconceptions a lot of people have about owning and operating storage, is that there’s very little maintenance. Which is absolutely NOT the case. I can’t tell you how many times I’ve heard it, “there aren’t any toilets!”, as storage is generally being compared to owning multifamily property. People who say this are correct, that there aren’t as many toilets. However, there’s a plethora of other ongoing and as needed maintenance tasks and obligations that have to be addressed. We cover different ideas and strategies on how to limit maintenance related expenses, how to consolidate vendors and contractors, how to streamline projects, and ultimately the massive effect that all of this can have on your bottom line. I’ll leave it at that so you can get to it! Thanks for listening as always. Keep an eye out for our episode coming out next week as we continue to expand on how you can make the most out of owning, operating, and investing in self storage. See you next time, AJ
Be sure to go to Selfstorageincome.com to get your free copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how contact a current owner, and ultimately how to land a storage facility deal.
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