Outline of Fees
Complete Asset Management
Includes the full scope of services outlined in the management contract including complete direction of personnel, marketing, management and administration.
- Base Management Fee: 6% of Gross Monthly Revenues (subject to a monthly minimum), plus
- Site visits @ $150.00 per day plus expenses
Management Start-Up Costs
Whether opening up a brand new store or assuming management for an existing property, our company makes a significant initial investment of time and expertise to ensure your success. We offer all the necessary components to secure a good beginning for a self-storage start up. Our plans cover the initial hiring and training of managers and include critical Policies and Procedures for operations. We help with initial decisions such as the purchase of forms and necessary office equipment. We provide data setup and initial training on software programs. Serving as dealers for a variety of self-storage management software programs, side/vertical lift gates and video security products, we can provide preferred pricing on products to clients. We also offer yellow page / internet ad consulting and “grand opening” marketing plans.
*(Multi-site simultaneous start-ups & existing property assumptions may be less)
Self-storage Consulting
We offer expertise on a wide variety of self-storage issues to qualified clients. Services include employee training, software consulting, auditing, management, marketing and store operation review. Consulting rates apply for telephone consultations as well as office visits.
Additional Services Offered
Other services not generally included in the management agreement may be contracted per hour or by separate agreement, such as:
- Preparation of quarterly tax reports such as Forms 941 and 940, W-2’s and other payroll related reporting.
- Interaction with property tax authorities and/or assessment service providers.
- Initial set up and administration of any employee retirement programs.
- Consultation with CPA’s for the preparation of Franchise Tax Returns and Partnership (or ownership entity) Tax Returns
- Consultation with legal counsel
- Cost Segregation Studies
Sample Reports Reviewed Daily
Our company recognizes the importance of daily monitoring store activity and the overall performance at each of the self storage sites it manages. This requirement creates an off-site backup of records for the owner.
- Site Summaries: Daily, Weekly, Monthly, Quarterly and Annually
- Daily Validated Bank Deposit Reports and Credit Card Batch Summaries
- Trial Balance: Daily, Weekly, Monthly, Quarterly and Annually
- Daily Transaction Logs
- Daily Rental Activity
- Daily Square Footage Rental Analysis
- Daily Vacancy Statistics
- Daily Copies of Leases
- Daily Gate Activity Report
- Daily Email Report