I am a complete newbie to real estate and I'm looking to make a switch in my life and taking part in an industry that can set me up financially for the future and forward. 

It is highly advised to keep learning continuously as the real estate industry is constantly evolving, and staying updated is crucial.

Spend on marketing : highway billboard(units are only 0.1 miles from the major highway), lake billboard(units are 1 mile of the lake), Facebook ads.. total budget 20k.I have owned single family/multi fmly rentals before and this is my first big investment into storage units,  please help me out industry veterans and let me know what else can I do to get to profitabilty soon.

I have been in the Property Management industry for about 11 years.

(Currently at industry.)Thank you beforehand.

They undergo regular training and stay updated with industry trends, laws, and best practices, ensuring high-quality service.Access to ResourcesNARPM provides its members with educational programs, legal updates, and networking opportunities, enabling property managers to handle any situation effectively and offer informed advice.Efficient Tenant ManagementNARPM property managers excel in tenant relations, from screening and lease agreements to conflict resolution and evictions, ensuring stable rental income and minimized vacancies.Legal ComplianceNARPM property managers are knowledgeable about landlord-tenant laws and regulations, ensuring compliance and protecting you from legal issues.Maintenance and RepairsNARPM managers have reliable contractor relationships, ensuring timely and cost-effective maintenance and repairs, along with regular property inspections.Time and Stress ManagementBy hiring a NARPM member, you delegate daily management tasks to a professional, saving time and reducing stress.Financial ManagementNARPM property managers handle rent collection, accounting, and financial reporting, providing detailed and accurate financial statements for informed decision-making.Marketing and Leasing ExpertiseNARPM managers use proven marketing techniques and platforms to attract and retain tenants, ensuring quick rentals at optimal rates.ConclusionChoosing a property manager is crucial for any landlord.

- Expertise & Track Record: experienced team with a proven history of success- Market Knowledge & Network: local market expertise and strong industry connections- Financial Strength & Flexibility: access to capital and flexible investment structures- Operational Efficiency: effective asset management and cost control through vertically integrated property management and leveraging economies of scale- Innovative Strategies: value-add projects, portfolio diversification, distressed funds, niche markets, etc.- Technology: use of data analytics that can lead to more informed investment decisions, and integrating innovative technologies to improve operational efficiencies as well as improving tenant & investor experience- Strong Investor Relations: consistent, ongoing and transparent communication and educational opportunities for investors, including a peek behind the curtains inviting them to the office for events and internal investment committee meetings- Customer-Centric Services: customized solutions to meet specific needs and interests of various investors and full-service offerings from brokerage, property management, leasing, to funds/syndication opportunitiesWhat else did I miss?

Some of the software require a minimum of 200 doors, etc.I work with a lot of people in the property management industry, especially startups, and the best advice I can offer is to go try the software that offer free trials. 

Ideally they would be near the new developments in town and growing industries.

@Wesley BryantI’ll be a contrarian here…Based on 46 years in the industry…Any proforma or projection of returns are by definition based on a whole slew of assumptions the investor has little or no control over.