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Effective Expense Management: Minimizing Costs and Maximizing Facility Revenue


Get insight to your self-storage expenses, strategize your budget and minimize costs. This session will teach you best practices for spending as well as industry averages and money-saving ideas.
$19.00

 
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Speaker: Collin Duncan, Senior Director of Operations Support, Extra Space Storage Inc.
Duration: 45 minutes

Effective Expense Management: Minimizing Costs and Maximizing Facility Revenue
There are certain fixed expenses a self-storage operation cannot avoid, but there are also many areas where it can be more efficient and minimize costs. Taking a closer look at your expenses and strategizing your budget can help you realize impactful benefits to your bottom line. Our speaker will discuss the most common high-ticket items, industry averages, and where your facility fits in. You'll get real numbers from an industry real estate investment trust and see how your facility compares. From payroll to marketing and everything between, you'll learn best practices to ensure you're spending the right amounts in the right places at the right times.

You will learn:

  • Average payroll costs and how to minimize them
  • The benefits of using solar panels and third-party energy-consumption monitoring
  • Using time-motion studies to determine how employees spend the most time
  • Using paperless initiatives to save money and create efficiency
  • How to take advantage of economies-of-scale benefits

This product is also in DVD format, or as part of one of the following discount DVD packages: