13 Best Self-Storage Management Companies for 2023
Self-storage is one of the fastest-growing industries and is projected to continue growing in the years to come. As more and more people opt for smaller living spaces, they are in need of a place to store their excess belongings.
For this reason, self-storage management companies and self-storage asset management companies are in high demand.
If you are a self-storage investor or someone who is looking to invest in multi-story self-storage or single-story self-storage, then you must know the best self-storage management brands that are likely to generate a high ROI.
Self-storage asset management companies offer a wide range of benefits, especially if you are developing a large self-storage facility.
The largest self-storage companies employ storage asset management companies because they are able to optimize their facilities, build profitable self-storage businesses, and leverage their brand to attract customers.
In this post, we will discuss the top 13 self-storage management companies to consider for 2023.
What does a self-storage management company do
A self-storage management company is an organization that specializes in providing services related to the operation, maintenance, and management of a self-storage facility.
These companies provide a wide range of services such as marketing, rental pricing strategy formulation, tenant relations, financial planning and reporting, facility maintenance, compliance with regulations, security systems installation and monitoring, and more.
They also act as a point of contact between owners, tenants, and other stakeholders like lenders, insurance companies, and local authorities.
By partnering with a self-storage management company, investors can get comprehensive services to ensure the success of their storage facility.
Why you should consider a self-storage management company
1. Reduced overhead costs: A professional self-storage management company can help you reduce the overhead costs associated with managing your facility.
2. Increased revenues: With the right strategies in place, a self-storage management company can help increase your revenues from rentals and other services offered at your facility.
3. Professional marketing: A good self-storage management company can help you market your facility more effectively and attract new tenants.
4. Increased security: Self-storage management companies have the expertise to ensure that the storage facility is safe and secure for all tenants.
5. Saves time: Managing a storage facility can take up a lot of your time. A self-storage management company can help free up your time so you can focus on other important aspects of the business.
Now that we know why a self-storage management company is beneficial, let's look at the most important factors to consider when choosing your self-storage management company.
Things to consider when picking a self-storage management company
1. Reputation: Before signing a contract with any self-storage management company, make sure to research their reputation in the industry. Read customer reviews and check online ratings if available.
2. Experience: It is important to pick a self-storage management company with lots of experience in the field. The more experienced they are, the better they will be able to manage and maintain your storage facility.
3. Quality of Service: The quality of service provided by a self-storage management company should be one of your top priorities when making a decision. Ask them about their customer service policy and make sure that it meets your needs.
4. Management Fees: Self-storage management companies charge different prices for their services. Make sure to compare the prices between different companies before making a decision.
5. Technology: A good self-storage management company should have access to the latest technology and tools which can help you manage your storage facility more efficiently.
Now that we know what factors to consider when picking a self-storage management company, let us look at the top 13 brands you should consider for 2023.
When should you start looking at self-storage management companies in the development process
It is important to start looking at self-storage management companies before you begin the development process.
Once you have identified a site for your facility, it is wise to consult with a reputable self-storage management company and discuss their services and pricing.
This can help you make an informed decision about the best course of action for developing and managing your storage facility.
Additionally, they can help you set up a comprehensive management plan to ensure that your property is well-maintained and profitable.
13 Best Self-Storage Management Companies for 2023
Extra Space Storage
Founded in 1977, Extra Space Storage has grown to be one of the largest self-storage companies in the world. It operates over 1,800 self-storage facilities across 40 states in the US, as well as in Puerto Rico and Washington DC. With its vast experience in the industry, Extra Space Storage offers a high level of customer service and top-notch management services.
Public Storage
Public Storage is one of the oldest and largest self-storage companies in the world. It operates over 2,500 self-storage facilities in 38 states in the US, as well as in Europe. Public Storage is known for its state-of-the-art facilities and excellent customer service.
CubeSmart
CubeSmart is a relatively new player in the self-storage industry, but it has quickly made a name for itself as one of the top self-storage management brands. It operates over 1,200 self-storage facilities across 36 states in the US. CubeSmart is known for its personalized storage solutions and its use of technology to provide a seamless customer experience.
Life Storage
Founded in 1985, Life Storage has grown to be one of the largest self-storage companies in the US. It operates over 900 self-storage facilities across 30 states in the US. Life Storage is known for its high-quality facilities and excellent customer service.
U-Haul
U-Haul is a well-known brand in the self-storage industry. It operates over 1,700 self-storage facilities across the US and Canada. U-Haul is known for its moving services, but it also offers self-storage management services.
Simply Self Storage
Simply Self Storage operates over 250 self-storage facilities across 23 states in the US. It is known for its state-of-the-art facilities and excellent customer service.
StorageMart
StorageMart is a privately-owned self-storage company that operates over 230 self-storage facilities in the US and Canada. It is known for its high-quality facilities and excellent customer service.
Compass Self Storage
Compass Self Storage operates over 90 self-storage facilities across the US. It is known for its personalized storage solutions and excellent customer service.
SmartStop Self Storage
SmartStop Self Storage operates over 130 self-storage facilities across the US and Canada. It is known for its high-quality facilities and excellent customer service.
SpareFoot Storage Finder Inc.
SpareFoot Storage Finder is an online marketplace for self-storage. It offers a wide range of services, such as helping customers find the best storage facility for their needs and managing bookings and payments. SpareFoot also provides self-storage management services to its partner facilities.
iStorage
iStorage is a privately-owned self-storage company that operates over 100 self-storage facilities across the US. It is known for its excellent customer service and high-quality facilities.
A1 Self Storage
A1 Self Storage operates over 70 self-storage facilities across the US. It offers a range of services, including storage solutions, truck rental, and self-storage management.
Store Space Self Storage
Store Space Self Storage operates over 20 self-storage facilities across the US and Canada. It is known for its personalized storage solutions and excellent customer service.
Conclusion
As an investor, it is important to choose the right self-storage management company to ensure a high ROI.
The above-mentioned self-storage management brands are some of the best in the industry, and they are likely to continue to be successful in 2023.
Before investing, it is important to conduct thorough research and choose a brand that aligns with your investment goals and strategy.
How Storage Building Company can help you
Our team can help you make the right decisions no matter where you are in the process of your self-storage development.
Have identified your storage asset management company and need a contractor that has experience building to the brand specifications
We have built for nearly all of these self-storage management companies and many others.
Our designers, engineers, and constructors can ensure a seamless construction process that will comply with the construction guidelines.
Started the development process but have not selected a self-storage management company
We will consult with you to review your site plans and make recommendations for storage asset management companies based on the scope of your project.
We also offer a complimentary review of your site plans and contractor bids to ensure that there are not any scope gaps. If we identify any scope gaps, we will review those with you and provide an estimate.
We guarantee our pricing and provide a 100% no scope gap guarantee
You will only pay the pricing presented and there will not be any gaps that can slow down your development and end up costing you more money.
You can get started today by contacting our team or submitting a quote request directly through our website.
With experience building over 13 million square feet of self-storage units across 24 states, we can help ensure your project stays on budget and meets your desired timeline.