Why Parking Space Storage is so Popular

There are a few facts of life. You need air to breathe, things cost money, the sky is blue, and the list goes on. Another of these facts is that people have things. Stuff, objects, items, you know what we’re talking about. Odds are… you even have some things.

It doesn’t matter if you live in an apartment, a house, a tent, or a mansion. There’s a good chance that you have things, and those things have to go somewhere or other. Sometimes people even have more stuff than they know what to do with.

Well, many apartment complexes all over the country and other multi-family properties have started turning to parking space storage solutions. If you own or manage a multi-family property, there’s a good chance that you’ve heard about this kind of storage from someone else in your industry or maybe even a tenant.

You might have even heard a lot about this kind of storage solution from a lot of different sources. If you have, you might be wondering why they’re so popular among so many property managers. If you’re reading this article, there’s a pretty good chance that you’ve had this exact question.

Fortunately, today’s article is about just that topic. We’re going to be exploring exactly what makes this kind of storage so popular so you can know once and for all how helpful they can be not only for you but for the tenants for your profits as well.

Make Your Tenants Happy

As we mentioned, having a place to store things is pretty important. You don’t want your home to be overrun with stuff. This issue is only amplified when you live in an apartment or condo. That’s where parking lot storage comes into the picture and really makes your tenants happy. 

Parking lots are often underutilized. If you’re not using them for anything else, why not turn them into storage space? It’s the perfect solution for tenants who don’t have enough room to store their belongings in their unit. 

A lot of apartments and condos have outdoor storage areas. These are usually just a few lockers or a shed that people can use to keep their things safe and dry. If your complex doesn’t already have an outdoor storage area, consider adding one. 

Your tenants really enjoy having a place to put their things so that their apartments don’t get cluttered. Not only that, but it will make your complex look nicer overall. Having an outdoor storage area is a great way to show your tenants that you care about their needs and that you’re willing to go the extra mile to make them happy.

Tenants have all sorts of things that they might want to store, for example: 

• Holiday decorations
• A child’s bike
• A beloved pet’s food/water bowl
• Winter clothing
• Guest bedding

Tenants might want to store items in the basement or some other place on your property. They could also use an off-site storage space that they pay for themselves, but providing on-site storage allows them a high level of convenience. 

There have been many surveys conducted on this subject and many people consider parking lot storage at an apartment complex to be a really good thing. In fact, nearly 80% of people interviewed said that they would prefer to live on a property that provides on-site storage over properties that do not have storage available (or that have very little storage). 

Some property managers and owners think that the cost of offering on-site storage options to tenants is too much money. However, if you take a closer look, you will find that it’s not as expensive as you might think. 

Depending on how big the parking lot is at your apartment complex and how many tenants are living there, adding parking lot storage to your property may not be as expensive or difficult as you might imagine. 

You could simply add small shed units to your property and then lease them out to tenants for a small monthly fee. In addition, some companies now offer all-inclusive packages for parking lot storage that can be easily installed and maintained on your property.

Storage Solutions Help Your Bottom Line

On-site storage can be extremely profitable for landlords and property management companies. By renting out storage units to tenants, you can generate additional income without having to raise rents. 

Moreover, on-site storage can also help to attract and retain tenants. Many people are looking for apartments with on-site storage, as it provides a convenient place to store their belongings. If your complex does not have on-site storage, you may be losing out on potential tenants.

 In addition, those who do have on-site storage may be more likely to renew their lease if they are happy with the service. There are a few things to keep in mind when offering on-site storage. 

First, you will need to ensure that the units are secure and well-maintained. Secondly, you will need to set competitive prices in order to maximize profits. Finally, you will need to market the units effectively in order to attract tenants. 

By offering on-site storage, you can make your apartment complex more attractive to potential tenants and generate additional income. With a little planning and effort, you can make your on-site storage units a profitable part of your business. 

A lot of landlords and property managers might feel like this would be something that would be incredibly hard to market and get people to use. This couldn’t be further from the truth in our opinion. 

There are thousands of people out there looking for apartments with on-site storage and if you’re one of the only ones with it, you could potentially be sitting on a gold mine. The best way to market this would be to put up some flyers around your complex and maybe even put an ad in the local paper. You could even go as far as setting up a website specifically for your on-site storage units. 

Whatever route you decide to take, make sure that you’re getting the word out there about your new service. In most cases, you might even expect tenants and non-tenants alike to approach you looking for on-site storage. 

This is a great opportunity to increase your income without having to increase rent. If you have on-site storage, make sure that you’re making the most of it. By following the tips above, you can attract new tenants and generate additional income.

A Fantastic Return on Investment

Many people think that getting on-site storage units for their apartment complex would be expensive, but that is not necessarily true. It all depends on the company you choose to work with. 

There are affordable companies all over the country that can provide you with storage units for your apartment complex. In fact, this could be a great way to increase the value of your property, because it would be one less thing that tenants have to worry about. 

When you are thinking about getting on-site storage units for your apartment complex, there are a few things you should keep in mind. First, you need to make sure that the company you choose has experience working with apartment complexes. 

They should also be able to provide you with a quote before they begin work so that you will know how much it will cost ahead of time. Next, make sure that they offer different sizes of storage units so that they can accommodate any type of tenant needs. 

You also want to make sure that they can give you a quote based on how many units you need and how much space each one will take up. If they need special accommodations for any of your tenants, such as an elevator or someone who is handicapped, make sure these options are available for them as well. 

Lastly, ask about their guarantee or warranty before signing on the dotted line so that if anything goes wrong with their lockers you can be sure that you’ll be able to get them replaced.

The best storage lockers available on the market aren’t always the most expensive ones, and the most expensive storage lockers aren’t always the best. Make sure you do research both on the company that you’re working with and the product that they’re selling so you can be sure that you always get the most for your money.

Making Your Property as Great as You Can

Everyone that has anything to do with property management, whether they’re landlords or someone that works with a property management company, wants to make sure that their properties are able to make as much money as possible.

Sometimes that means making choices that only the landlord or property manager is happy with, but in this specific instance, that means doing something that can make both you and your tenants happy. These kinds of win-wins are few and far between and it’s definitely nice when you can find something that makes everyone involved happy.