Breaking Down The 4 Stages Of Storage Facility Ownership

Storage Nerds

May 23 2023 • 39 mins

In this video, we'll take a closer look at the four stages of owning a storage facility. From the initial planning and pre-development phase, where you'll need to find a suitable location and secure financing, to the final stage of expansion and growth, we'll guide you through the process.

The development and construction stage involves overseeing contractors and ensuring that your facility meets all safety and quality standards. In the operations and management phase, you'll need to hire and train staff, set rental rates and policies, and manage tenant accounts and payments.

Finally, the expansion and growth stage may involve acquiring additional facilities or expanding your existing one. Whether you're just starting out or have been in the business for a while, understanding these four stages is key to making informed decisions and achieving success.

So, if you're thinking about investing in a storage facility, or you're already an owner looking to grow your business, be sure to watch this video to learn more about the stages of owning a storage facility.



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