Self Storage Millionaire » revenue

We are Adding U-Haul

SelfStorage Millionaire — Sat, 27 Sep 2008 11:30:20 +0000

Well, we have decided to bring UHaul into one of our facilities.

One facility has no full time manager onsite. We use the insomniac kiosk – and have a part time manager that goes out to the business when duty calls. The other facility, does however have an employee on site. This employee doubles as our personal assistant, but we figure – since she is there, we might as well make the additional revenue that UHaul could bring us.

Here are the benefits of adding UHaul to our facility:

Commission on Truck Rentals
Retail sales of boxes, tape, etc.
Commission on dolly, blanket and other non-truck rentals
Extra exposure to our self storage units. We may increase the rate of our lease up phase move-ins. We will be listed in the UHaul network of storage facilities. Some people that are moving to the area may decide to store their possessions with us, since they have to have the truck there anyway!
They pay the yellowpages ad!

We signed the contract today, and the area rep will be back in one week to get us trained up. I’m looking forward to doing something “new.”

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Car Share as Additional Revenue

SelfStorage Millionaire — Thu, 25 Sep 2008 00:37:16 +0000

With rising fuel costs, an growing concern about the health of the environment, and tighter family budgets, more people are eliminating a car, and turning to a car share service instead.

More and more companies, such as ZipCar are popping up to fill a need in this growing trend. When you start a self storage business, it is tempting, of course, to look for additional sources of revenue. Why not look for a Car Share Program?

You have space
Uh…. You would need the staff. More on that here.

Why not?

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Additional Sources of Revenue

SelfStorage Millionaire — Mon, 08 Sep 2008 14:46:45 +0000

When you own a self storage business, there are opportunities for additional sources of revenue. Here are a few ideas to get you going:

Retail Sales: You can sell locks, boxes, other packing supplies.
Billboards: If you have highway frontage, you can always add a billboard or two.
Moving Trucks: If you will have a regular employee on site, you can also choose to set up shop with u-haul or budget truck rentals. You get paid a commission for every truck you rent, plus they offer products for retail sales.
Records Storage: Again, if you have a full time employee, you may want to get into records storage. Many professionals have a legal requirement to keep archived records, but they don’t have the space and don’t want to pay for an additional staff member to deal with archives. You have the space, and you have the staff!
Offer outdoor rentals. If you have more land for development in the future, you can offer outdoor storage in the mean time.

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