The site audit and inspection is the best way to ensure the financial health of your facility. This should be done, not in as much as there is suspicion of theft on behalf of your manager, but to uncover opportunities to increase the profitability of the site. These opportunities may uncover some management fraud and embezzlement as well as providing a means to evaluate the sales and marketing skills of the personnel on-site. At a minimum these should be conducted periodically as a means of preventive maintenance at every site.

Why hire a management company? You probably know someone that could work at your site for you right now. The question is, do they know self storage? If you have business partners or a financial lender, they may require that you have a professional management company help get you started for at least the first year of the project.

There are various levels of management that a company could provide, from operations only to full service management. Decide and discuss what your needs are and a management agreement could be customized to each facility owners needs.