When you partner with a third-party property management company, you retain ownership of your business but let someone else handle the day-to-day operations. This means more profits and fewer headaches!
There are several reasons why it pays to partner with a third-party management company. When you work with an experienced self-storage management company like Public Storage, you get:
Public Storage is as large as the next two biggest competitors combined, which allows you to leverage our size and scale for lower costs. Plus, Public Storage third-party management fees are the lowest in the industry!
The cost of third-party property management varies widely. One of the biggest benefits of third-party self-storage management is reduced cost of marketing, repair, and maintenance through economics of scale. When you work with a property management partner, you benefit from pooled resources and mass buying power on everything from elevator repair contracts to snow removal and landscaping.
Public Storage is the largest and most recognized brand in the industry, owning and managing more than 2,700 locations in 39 states. In addition to a nationwide network of self-storage facilities and 50 years of experience, you get the support of a world-class Operations team that starts working for you immediately during the transition.
As a Public Storage Advantage® partner, you get access to the very best Facilities Management, Human Resources, Marketing, Pricing and Financial Reporting teams. So you can focus on your role as a property owner and trust the rest to a trained and expert team.
This is one of the many ways Public Storage Advantage® has an edge over other third-party management companies. We provide generous compensation from insurance — based on occupancy, not premiums collected. That means more profit in your pocket!
While the transition process for each property is different, it generally takes about two months to completely integrate an existing location into the Public Storage revenue management system.
In addition to receiving financials on a monthly basis, you will have access to your own dashboard that shows your property's daily performance.
Our sophisticated pricing model is refined with real-time data based on demand. It’s designed to capture your property’s full potential, generating more revenue per square foot than other third-party management companies.
There’s no bigger asset than brand recognition. Public Storage is the most well-known and frequently-searched name in the business. So when someone’s looking for a storage facility they can trust with their belongings, Public Storage tops the list!
Marketing costs add up for self-storage property owners. With Public Storage Advantage®, you benefit from significant cost savings and volume pricing. You also get the same level of support from our marketing and advertising as every other one of our properties.
Once you become a Public Storage Advantage® partner, your team members will be allowed to apply for a position at Public Storage. However, we cannot guarantee they retain their positions at the same property.
As part of our world-class property management program, we typically place an experienced manager at your property to ensure a smooth transition and set you up for growth. And when your property has openings, we hire and train your staff in our system for sustained success.