Property Management for Self-Storage Facility

Self Storage management requires specialized knowledge and experience of the local storage market, a proven operational methodology coupled with a strategic marketing program to transform a poorly performing self-storage facility into a successful one.

As self-storage development has grown, so has the inherent oversupply of self-storage facilities in many metropolitan areas. As a result, the need for highly experienced and effective self-storage management is of paramount importance in these highly competitive markets where there exists a fine line between success and failure.

At Hannay Realty Advisors we possess the in-house expertise and experience to effectively manage self-storage facilities utilizing proven operational and marketing techniques geared towards maximizing occupancy, tenant retention and top fiscal performance. Our value added service includes:

• On site manager training and supervision.
• Full financial budgeting, accounting and reporting.
• Comprehensive marketing programs.
• Income enhancing products and services.
• In-house economical maintenance and repair.

Income Enhancement

Being proactive within the self-storage industry, Hannay Realty Advisors is on the leading edge of self-storage operational techniques, not only maximizing income streams from traditional means, but utilizing ancillary income sources when appropriate for a particular self-storage facility within its market area.

These income sources include:

• Record storage and retrieval.
• Record and document shredding services.
• Truck rental, storage supplies and mail box services.
• Internet reservation and on-line payment services.
• Multi-family project partnerships.
• Corporate relocation and moving alliances.

On-Site Managers

The key ingredient to any successful self-storage facility lies with the on-site managers. These individuals who typically work and live on-site, must be properly trained, motivated and capable in all facets of day-to-day self-storage operation.

Hannay Realty Advisors has a stable of professional self-storage on-site managers with industry experience and expertise reinforced by our proactive training program which insures that the day-to-day operation of your self-storage facility is the best it can be.

Property Valuation

Hannay Realty Advisors collects, analyzes and quantifies data relating to specific self-storage market areas as a function of supply and demand coupled with key demographic factors. From this data, Hannay can provide property valuations, financial feasibility and determine the current economic viability of a self-storage facility and its competitive position within a given market area.

This type of analysis is key in the purchase or liquidation of self-storage facilities in today’s turbulent commercial real estate market.