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  1. #1
    jcarlisle's Avatar
    jcarlisle is offline CM Emeritus, Reg. Member
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    Lightbulb Third-Party Management Companies

    For owners, what do you look for in third-party management companies? Is it worth the investment to work with them?

    Matthew Van Horn shares this advice on what to look for when researching and interviewing management companies.
    John Carlisle
    Community Manager Emeritus
    Still a Big Fan of Self-Storage!
    www.chicagoprowriter.com

  2. #2
    hs4430 is offline Junior Member
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    Default Re: Third-Party Management Companies

    Hi John! I am curious to know if you heard from anyone. It is my understanding that if I were to finance a future facility that most lenders require you to work with a Third Party Management Firm for the first few years.

    I was reading the book How To Invest In Self Storage and it said to think of Third Part Management as an investment rather than just another operating expense. The listed questions to use when interviewing a management firm as well as talked about pros/cons.

    I most likely would try to retain my current job to pay the bills and then focus paying off my business from the profits. So, the idea of a management firm assisting me, I believe, is a fine idea.

    Does anyone mind sharing with me/us who you recommend? Specifically in my case being in the Dallas, TX area. I'd love to sit down with someone and learn more about what services are offered.

    Heather Stalling
    Email: Heather.Stalling@hotmail.com
    Last edited by hs4430; 11th January 2011 at 09:04 AM.

  3. #3
    jcarlisle's Avatar
    jcarlisle is offline CM Emeritus, Reg. Member
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    Default Re: Third-Party Management Companies

    Haven't heard from anyone on this topic outside of the forum, but hopefully our recent comments will bring the thread back to live and we'll get some people to chime in.
    John Carlisle
    Community Manager Emeritus
    Still a Big Fan of Self-Storage!
    www.chicagoprowriter.com

  4. #4
    Mel Holsinger is offline Moderator
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    Default Re: Third-Party Management Companies

    Quote Originally Posted by hs4430 View Post
    Hi John! I am curious to know if you heard from anyone. It is my understanding that if I were to finance a future facility that most lenders require you to work with a Third Party Management Firm for the first few years.

    I was reading the book How To Invest In Self Storage and it said to think of Third Part Management as an investment rather than just another operating expense. The listed questions to use when interviewing a management firm as well as talked about pros/cons.

    I most likely would try to retain my current job to pay the bills and then focus paying off my business from the profits. So, the idea of a management firm assisting me, I believe, is a fine idea.

    Does anyone mind sharing with me/us who you recommend? Specifically in my case being in the Dallas, TX area. I'd love to sit down with someone and learn more about what services are offered.

    Heather Stalling
    Email: Heather.Stalling@hotmail.com
    Please feel free to contact me at your convenience.
    Mel Holsinger, President
    Professional Self Storage Management, LLC
    3434 E. Kleindale Ste. E
    Tucson, AZ 85716
    O: 520.320.9135
    F: 520.320.9435
    www.proselfstorage.com

 

 

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