From The MSM Archive: The Double-Edge Sword Of Third-Party Management By Noah Springer

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    This year’s Self Storage Almanac talks about the growing percentage of self-storage owners who are deciding to use a third-party management company rather than manage their sites themselves. As owners decide to use third-party management companies, there are pros and cons to consider before handing over your valuable investment to a management company.

    Because there are so many third-party management companies available—all of which vary in size and services offered—one must fully understand who the management company is, what services they will be receiving, and how much they will be paying. It is very important to do your homework, compare multiple management companies, and talk to current and past owners of the company.

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