The Number One Rule For Running A Self Storage Facility - 241

The 5 KPIs eBook: https://creatingwealththroughselfstorage.lpages.co/top-5-kpi-ebook/ It seems like there have been a lot of self storage facilities lately I have looked at with large amounts of non-paying tenants, and/or tenants paying an extremely low rent compared to street rate. Have you seen this lately? People I am working with ask why? Well, mostly, it is because they are violating the NUMBER ONE RULE FOR RUNNING A SELF STORAGE BUSINESS! Watch this to see that rule. 00:00 Intro 00:30 Receivables and unpaid rent 01:30 The only valid reasons one should be in a unit and not paying 02:00 What's more commonly seen with unpaid rent 02:20 Payment plans 03:40 What I'm seeing in other facilities regarding receivables 05:00 Impacts on gross potential income 07:30 Economic occupany vs physical occupancy 08:18 The "receivables" KPI 09:00 Today's world of online auctions 11:15 Cash flow improvement by managing receivables better 11:55 Conclusion -5 KPIs we measure and how we do it: https://creatingwealththroughselfstorage.lpages.co/top-5-kpi-ebook/ -This blog post: http://creatingwealththroughselfstorage.com/the-number-one-rule-for-running-a-self-storage-facility/ -Facebook: https://www.facebook.com/markhelmselfstorage/ -Twitter: https://twitter.com/MarkHelmSelfst -The Storage World Analyzer: http://storageworldanalyzer.com/ -The QuickStart Academy: http://quickstartacademy.creatingwealththroughselfstorage.com/ -The QuickStart Academy Store: https://quick-start-academy.myshopify.com