How a property manager can benefit from a storage solution

​There are many reasons why someone would consider hiring a property manager. There are also many reasons why people rent storage. Both of these options come with numerous benefits. However, not many people consider that a property manager can benefit from a storage solution, too. To understand how, we will first go over why people hire property management services and how property owners take advantage of self-storage options.

Why hire property management services?

Owning a rental property comes with many responsibilities. Sometimes, property owners don't have sufficient time to handle them all themselves due to their work and family obligations. Moreover, if they own multiple rental properties, managing them all successfully becomes downright impossible. 
Here are some of the most significant benefits of hiring a property manager:

• Tenant screening. Property managers will ensure you only rent to quality tenants, who will pay the rent on time, stay there for a longer time, cause few problems, and take care of your property. 
• Reduced vacancy rate. Tenant turnover is costly. After every tenant, you have to pay for cleaning services, change the locks, paint the apartment, and take care of necessary repairs. Long-term tenants reduce those expenses drastically. A property manager will know how to market your rental, determine a competitive rent rate, as well as oversee the necessary improvements.
• Liability issues. A property manager is familiar with all the state and federal laws. So, they know all the procedures regarding tenant eviction, lease contracts, inspections, rent collection, security deposits, etc. It will help avoid legal issues with your tenants.
• Handling unpleasant situations. In case of any issues, a property manager will know how to behave and what actions to take. For example, they will have no problem saying no if a tenant wants to get a pet and your apartment is not pet-friendly or let a friend move in. They will also ensure you are not taken advantage of in any way.
• Freedom to do whatever you want. You can live in one place and invest in properties in another. You can have a long holiday without worrying about who will take care of potential issues, or focus on your family and do whatever you want with your free time. 

Why rent a storage unit?

​Renting storage is most often a solution to the lack of space in your home. You can rent a storage unit for various reasons, depending on what is going on in your life. Below are some of the most common reasons why people need storage solutions, be it long-term or short-term:

• Decluttering. Reducing the clutter in your home is one of the principal reasons for renting a storage unit. You can use it for seasonal items or things you are unsure whether you want to keep or it's best to sell or donate them.
• Moving to a new home. If you are downsizing and won't have enough space for all your belongings, self-storage is a good option for items you are not ready to part ways with. Also, your new home may not be ready yet, so a storage unit is a perfect way to keep your items safe until you are ready to move in. 
• Renovating. If you are doing some works around your home, the best way to keep your items safe from dust, dirt, and harm is to put them away. A storage unit will also help you maintain relative normalcy in your home while the works are underway. 
• Starting a hobby. If you can't make space for your new hobby in your home, a storage unit is an excellent solution. 

Whatever you use your storage unit for, make sure to keep it organized and tidy. What's the point in having all that extra space if you can't find your way around it?

A property manager can benefit from a storage solution too

​You may wonder how a property manager can benefit from a storage solution when the property they manage is not theirs. So, if there's anything to be placed in storage, it's upon the owner to do it. Also, if a property manager rents a unit for personal reasons, it's not like they benefit from it as a professional.
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Well, you will be surprised that, indeed, a property manager can take advantage of some extra storage space.

Storing large machinery

​As a property manager, owning some large machinery that has no place in an office may be necessary. It could be a professional vacuum, a lawnmower, or some tools. If such items were in your office, you would seem unprofessional. Moreover, jumping over such equipment can be hazardous. You have an option to rent a bigger office space that has a storage room, but it would be much more affordable to rent a storage unit. 

Many storage units are accessible non-stop

​You never know when a tenant will need your assistance or when a landscaping or cleaning team will need to access the equipment. If you have a viewing scheduled in the morning, your teams can pick up the equipment whenever is convenient and prepare the property before potential tenants arrive. 

Tenants may not need everything in the rental

​If a tenant brings their piece of furniture or wants to remove something from the rental, you have a solution to offer. Also, when tenants move out, they may leave some of their bulkier pieces behind. Your option may be to donate these items, but you can put them in storage for a while as well.

Keeping items safe while maintenance works are underway

​Sometimes, a rental property will have to be repainted, some repairs will have to be done, or even some remodeling. Then, the best option is to keep all the furniture and appliances safe from harm. 

Keeping spare items

​You may want to have spare doorknobs, locks, faucets, or similar items in store if you need to replace them quickly. Buying such items in bulk can be a budget-friendly solution because you will be able to get them at a discounted price. Moreover, you can keep leftover paint and other materials until you need them for the next project.

Conclusion

​A property manager can benefit from a storage solution like any other person. Having extra space at your disposal for unexpected circumstances or storing bulky equipment is always advantageous. Ultimately, it can make property managers seem more professional and allow them to react swiftly in case of any trouble. All this can help property managers establish a great relationship with their clients and ensure long-term cooperation.