
As we close out the 3rd quarter of 2012, it’s time to start thinking about your self storage facility’s goals and projections for 2013. How close were your projections in 2012? Were you above or below your projections for income, expenses, and NOI? Was your facility’s move ins, move outs, and net units at an acceptable level? Do you believe your facility provides the best customer service and amenities in the area? Are your facility managers fully trained? All of these items can have a dramatic effect on the financial success of your self storage facility. In our never ending quest to increase NOI we must consistently review our facility’s expenses. Here are 6 expense areas you should review on a regular basis:
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