While we know that for many self-storage operators, property taxes in their markets continue to create challenges, many others are also experiencing the strain of inflation and other increased operational costs. But at Janus International, we’re seeing some solid strategies that are working for our customers.
Read on for tools and ideas that can help offset increasing costs within the self-storage industry.
- Payroll: When was the last time you “audited” your site for the most frequented times of the day? What did you find? Are you making your technology work for you? The Nokē Smart Entry smart lock solution includes data and dashboards that can help you staff your site according to your foot traffic and determine how you set your “office” hours. By using data to help staff during your busiest times, you’ll have the ability to switch to automated or remote-style management during the slower times – all while keeping the open sign lit.
- Online Rentals: Speaking of staying open, are prospective tenants able to truly rent a unit at your facility entirely online? Don’t miss opportunities to sell to people who shop almost exclusively online by staying stagnant in how you onboard new renters. Integrations between your property management software, website and access control providers make capturing the necessary tenant information not only possible but delivered in seconds – saving time and money for both operators and tenants alike.
- Maintenance and Repairs: Industry experts from groups such as Janus International provide maintenance and repair checklists that operators throughout the country are using to mitigate expansive repairs and protect their investments. These free checklists can be shared with individual facilities to provide a guide that addresses everything from when you should have your gutters cleaned to how often you should be scheduling a roof inspection or servicing your ventilator. Request this free checklist from our Facilitate division.
- Cost Segregation and Facility Improvements: Another successful way to offset rising operational costs is through strategic tax benefits like cost segregation, which accelerates depreciation on your property and can help you pay for your next renovation project. For instance, if we’re working with you to replace 20 to 30-year-old doors, we’ll help you find tax advantages through partners like CSSI, so you’re adding value to your facility at a much lower cost.
Learn more about the wide array of solutions and services from Janus that can help you offset your operational costs at https://hubs.la/Q032t90H0.
