Self storage is a booming industry. According to recent studies, the self storage market is a 39.5 billion dollar industry.
Not only is self storage a lucrative investment, but it’s also a stable one. The self storage industry is predicted to grow by another 7.5% this year!
If you're thinking of getting into the self storage business, or if you're already a self storage owner, you need to make sure you have the right tools in your arsenal. This can include self storage owners' tools such as self storage management software.
In this blog post, we will discuss the top three tools self storage owners rave about!
Our Top 5 Self Storage Owner Tools
Let's take a look at some of the top self storage owners tools on the market.
1. Self Storage Management Software
One of the most important tools for any self storage owner is self storage management software. This software allows you to manage your facility more efficiently and helps you keep track of your tenants and units.
Self storage software is a great tool to help you manage your facility. With this software, you can manage occupancy rates, collect payments, keep track of units. You can also keep track of who is renting units and when their rental agreement expires. This information can be helpful if you need to contact someone about renewing their rental agreement or if you need to evict a tenant.
The best self storage software will be intuitive, easy to use, and offer low to no monthly licensing fees. Software such as Easy Storage Solutions or Unit Trac are well-known for their power and ease of use.
You should also look for a self storage software partner that offers quick customer service in case any issue ever arises.
2. Self Storage Alarms
If you're running a self storage facility, you know your customers expect their belongings to be safe.
Unfortunately, self storage facilities are often the target of thieves looking for an easy score.
The best way to protect your facility and your customers' belongings is to install a self storage alarm system.
That's why you need a reliable alarm system to protect your facility against theft and vandalism.
A self storage alarm system will:
- Monitor all entry points to your facility
- Have sensors on all doors and windows
- Trigger an alarm when someone breaks in
- Notify the police if there is a break-in
- 24/7 monitoring by a security company
There are a number of different types of self storage alarms, but the most important factor is that the system is reliable and can be monitored 24/7. Here are a few options to consider:
3. Late2Lien
Another important self storage owners tool is Late2Lien.
Late2Lien offers simple automation for your Late through Lien sales process. This means that once a storage unit is late on payments, the process of eventually selling the contents can be completely automated.
This not only saves you time but also ensures that the process is done correctly and in accordance with state law.
The Late2Lien engine is easy to use and provides an all-encompassing, fully-automated system for accurately completing each step along the way.
This software is a valuable tool for self storage owners who want to save time and ensure that their lien sales are done correctly.
4. HowsMyStore
The self storage industry is increasingly competitive and staying ahead of the curve is essential to success.
Water leaks, humidity, mold, and theft are all major problems for self storage facilities, and most rely on local staff to detect issues.
HowsMyStore provides a comprehensive smart technology platform that uses sensors to monitor your facility in real-time, alerting you of any potential problems so that you can take action before damage is done.
This allows you to detect problems early and take action to prevent them from becoming bigger issues.
By using wireless sensors, HowsMyStore can monitor your facility remotely, giving you the peace of mind that comes with knowing your self storage business is always running smoothly.
If you're looking for better self storage owners tools, HowsMyStore is the answer.
5. Self Storage Insurance
When it comes to protecting your business, insurance is essential. Self storage owners need to have property damage insurance as well as liability insurance.
Property damage insurance will protect you in the event of a fire, burglary,
This insurance protects you from a number of risks, including:
- Building Damage
- Tenants' Goods
- Equipment
- Customer Data
- Wrongful Sale Liability
- Loss Of Income
Self storage insurance helps you monitor your entire facility to improve operational efficiencies and reduce insurance claims.
Plus, by offering your tenants protection you can bring peace of mind and encourage them to store their belongings with you.
Self Storage Owner Tools For Savvy Investors
Self storage owners have a number of tools at their disposal to help run their business more smoothly.
In addition to self storage management software, insurance is an important component of running a successful business.
Insurance protects you from a number of risks and can help improve your facility's operations. Not to mention, offering tenant protection against theft, damage, and loss can go a long way in encouraging repeat business.
When it comes to choosing the right self storage owner tools, doing your research is key.
Make sure to partner with a company that has decades of experience in the self storage industry. This will ensure that you get a plan tailored specifically for your needs.
With the right tools, managing a self storage facility can be easy and profitable!
Learn more about World Insurance Self Storage insurance today!