Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

60
Posts
18
Votes
Christopher Brown
  • Investor
  • Winston Salem, NC
18
Votes |
60
Posts

Experience with National Third Party Managers for Self Storage?

Christopher Brown
  • Investor
  • Winston Salem, NC
Posted

I'm vetting third party management companies for my self-storage acquisition.  The property has been doing business as a mom & pop independent for the last ten years.  I will be an absentee owner.  I've talked with the three big national 3d party managers (Extra Space, CubeSmart, LifeStorage) and the two big southeast regional players (Universal and Absolute).  Anyone have any experience with any of these guys?  Any views on national v. regional managers?  Ballpark expense projections are pretty much a wash for all five - pretty consistent across the board.  The national companies have upfront costs associated with rebranding the signage and office; some of them pick up some of those costs, and I think I can probably negotiate with the ones who haven't offered yet.  Everything I've read suggests that the technology infrastructure associated with the big guys is the best way to maximize pushing rents and occupancy: dynamic pricing, web penetration, etc.  I hope to hold this property and cash flow, but I'm also wondering about exit strategy as an independent v. national brand...

Loading replies...