Picture of Maximizing Facility Income: A Revenue-Generation Guide for Self-Storage Operators

Maximizing Facility Income: A Revenue-Generation Guide for Self-Storage Operators


This webinar will teach you how to increase your self-storage facility income, including six specific methods for increasing revenue and four residual benefits of increasing your business earnings.
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$18.95

 
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Instructor: Bob Copper, Owner, Self Storage 101
Duration: 41 minutes

Maximizing Facility Income: A Revenue-Generation Guide for Self-Storage Operators
Self-storage operators who want to increase the value of their business must examine ways to increase net operating income. In today’s valuation market, our instructor says every dollar of additional revenue per month adds approximately $150 to the value of your facility. This presentation will teach you ways to increase your facility income, including six specific methods for increasing revenue and four residual benefits of increasing your business earnings.

You will learn:

  • The importance of increasing facility income
  • Six methods for increasing revenue
    • Rent more space
    • Reduce discounts
    • Increase street rates
    • Increase existing tenant rates
    • Increase ancillary income
    • Improve collections
  • Residual benefits of increased income
    • Sustained discipline
    • Accountability
    • Continued appreciation
    • Market positioning