About Extra Place Self Storage
Extra Place Management has 20+ years self-storage experience
What the president of extra place self-storage management brought to the self-storage industry:
- Self-Storage unit rates and pricing adjustments concept
- Procedures and standards for collecting delinquent self-storage accounts
- Setting the stage for lesser acceptable A/R percentage standards for the self-storage industry
- 1972-1998 previous acceptable percentage 10-15% of gross revenue
- 1998-2003 next acceptable percentage 7-9% of gross revenue
- 2003-2008 most recent acceptable percentages 5-9% of gross revenue
- 2008- present newest and most recent acceptable percentage 1-3% of gross revenue
- Trained assistant managers for a top ranked self-storage company (These assistant managers were promoted to property manager to manage poor performing properties for the purpose of increasing revenue and profitability)
- Today, one of the top ranked self-storage companies continue to use the training procedures introduced to the self-storage company by the president of Extra Place
- Established and implemented maintenance procedures which saved substantially on maintenance expenses, continue to be used by most major self-storage companies
The president and Extra Place continues to be proactive and personally hands-on. Active and involved in the self-storage daily duties and responsibilities on all levels, from the storage trenches (assistant management) to executive management.
Extra Place president’s success is based on:
- The successful and profitable operation of self-storage facilities
- Training successful self-storage management professionals
- Being 100% dedicated to all properties he manages
- A consistent philosophy, objective and drive for being #1 in self-storage management
- Continues to keep observant, keen and aware of the ever changing challenges and technology of the self-storage industry
Something to think about when you choose a self-storage management company…
Would you let your competitor manage your property?
Red flags when choosing a self-storage management company:
- Have vested financial self-storage interests
- Own self-storage properties
- Buy self-storage properties
- Are looking to increase their self-storage portfolio
- Have vested financial ownerships or partnerships with property owners or REIT
- Has an acquisition department
- Has an acquisition person
- Has a brokerage or real estate department
- Have a broker or Realtor
Now, would it be wise to let your competitor manage your property?
