As an apartment landlord your number one priority is the creation of a strong revenue stream from your tenants. The best way to accomplish this is by offering ‘added value’ services to your tenants that make their lives easier and provide a feature that they desire. The self-storage unit provision is a great means to enhance your bottom line and to keep tenants happy and vacancy time low. Here’s how:
Tenants come with lots of ‘stuff.’ Invariably this ends up in the basement, perhaps unsecured or subject to damage. Sometimes it clutters the deck/porch space and provides an unsightly appearance to your building.
These super tidy units provide a sturdy, safe storage option for the tenant for which you can charge an additional rent fee. In the event of default on payment the tamper proof hinges and double hasp locks mean you can take control of the unit at any time. Yes. We’ve thought of everything!
Let’s do the math:
Cost of 12 x 32 4 – Unit Building Costs $7600
Monthly Rent for 8 x 12 Unit $90 x 4 = $360 month
Pay off period for Building is less than 2 yrs and then cash flow that into infinity!
Also financing is available for this building so the payment would be just $155 month.
Additionally as the owner of the property, you may be able to amortize the initial costs of the useful self-storage unit, deduct any interest payments and if you need it placed elsewhere simply move it.
Sidebar benefits are that these units provide your tenant with enough space to store their ‘stuff’, which is often larger objects that won’t easily fit into living space and keeping these items in an independent self-storage unit can minimize damage to common area walls, stairwells and floors in your building
Many tenants turn down an apartment because they have an extra large piece of furniture that won’t fit into the new space. If you provide them with an opportunity to safely store these objects they are much more likely to sign up your lease.
The self-storage unit also allows tenants to place materials that may be flammable outside, such as paint pots or motorized bikes.
This Amish built quality craftsmanship unit also facilitates any needs for storage you might have too. You can store mowers, maintenance equipment or supplies on hand for your staff and keep it safely under lock and key. If your complex offers a swimming pool or other outdoor activities, pool accessories and sports supplies could also be stored out of the elements on site off-season. The possibilities are endless.
Additionally, keeping your property clean and tidy makes it safe, may save you on insurance costs, and makes it more appealing to the prospective tenant.
As you are saving your tenant the need to spend time and gas to drive across town to lease a self-storage unit elsewhere, your tenant will be very likely to take up the self-storage unit rental and those fees go directly into your pocket.
With the different styles and designs offered you are able to choose siding and roofing materials to complement your existing structures, and the right size to fit your particular space.
So store up some profits with our self-storage units, there’s no time like the present to get started.
- Sizes can be adjusted to desired dimensions per custom quote. (see options)
Wood Vinyl Hardi Plank
10 x 20 $4,635 $5,394 $5,992 (3) 6’8″ x 10 units
10 x 24 $5,719 $6,612 $7,302 (4) 6 x 10 units
10 x 30 $6,700 $7,800 $8,351 (3) 10 x 10 units
12 x 12 $3,655 $4,334 $4,851 (2) 6 x 12 units
12 x 16 $4,589 $5,341 $5,939 (3) 5’4″ x 12 units
12 x 20 $5,043 $5,879 $6,535 (3) 6’8″ x 12 units
12 x 24 $6,160 $7,128 $7,887 (4) 6 x 12 units
12 x 30 $7,140 $8,309 $9,217 (4) 7’6″ x 12 units
12 x 32 $7,512 $8,756 $9,733 (4) 8 x 12 units
12 x 40 $9,645 $11,244 $12,486 (5) 8 x 12 units
14 x 20 $6,165 $7,261 $8,112 (3) 14 x 6’8″ units
14 x 24 $7,491 $8,759 $9,748 (4) 6 x 14 units
14 x 32 $9,183 $10,804 $12,069 (4) 8 x 14 units
14 x 40 $11,353 $13,330 $14,859 (5) 8 x 14 units
Partition Walls w/OSB on 1 side and 1 vent………………………………………..$180 each
Additional 6′ double doors w/ 1×4 trim and strap hinges…………………….. $300 each