On-site storage solutions are a great way to add value and security to any rental property. They offer a way for the tenants to store their extra belongings in safety and not have to worry about people stealing them. Secure storage units make the whole property look better and safer. Having an on-site storage solution in place can also save money and add an extra stream of revenue. There are many reasons why on-site storage bins are a fantastic solution, but here are some of the main points.
Table of Contents
They Use Space That is Already There
Storage solutions such as over-the-hood storage boxes can bring a tremendous amount of value to an apartment complex. They take up virtually no space and they turn empty air into a storage area. Vehicles park under the storage box, so the air above the car that would otherwise just be there, hanging out, turns into an 80 cubic foot storage area that is big enough to store a lot of stuff, including a bicycle. Full height or stacked locker-style storage bins, on the other hand, can be set up in an apartment complex garage area side by side and use space that the property owner strategically reveals after doing a walk-through of the site and discovering extra space that did not look available in the first place. For example, areas behind support structures, in “dead” corners, or between columns that are too small to be a parking space. Many landlords over the years have been surprised to find that they always had more than enough room to install storage units; they just didn’t know how to use it to their own advantage.
They Offer Convenience for Tenants
Tenants that have extra stuff that they would like to store away until it is time to use it will most certainly prefer to store it in the apartment complex that they live in. It is not only costly to rent storage places at an off-site storage yard, but it is a bit of a pain and a safety risk to get access to. A person would have to drive to the storage place within the hours of operation and go through whatever channels necessary in order to gain access to their own stuff. When they have a place to store their things in the apartments that they live in, it makes life easier. More than likely, the tenants who prefer to have on-site storage instead of storing their stuff across town would be willing to pay a little more each month to have a storage space near them. This is a huge plus for both the tenant and the property owner.
They Generate Extra Money
Another reason why on-site storage is great is that it provides an opportunity for the landlord to earn ancillary income. An apartment complex that offers safe, secure storage bins for its tenants automatically becomes more valuable. When people are looking for a place to live, many of them want to be sure that there is adequate storage available. Adding value to property means that there is a legitimate reason to charge a little extra every month to fund the storage. Whatever way that the landlord desires to charge for extra storage is completely up to them, but many tenants would be more than willing to pay a little extra to have a safe place to store their belongings.
They Solve So Many Problems!
Having a storage solution in place in an apartment building can solve many problems. Sometimes tenants will store extra things in places that cause hazards or eyesores. When there are unsecured belongings in plain sight, it can cause thieves to target the area. Just by simply providing a secure storage area for the tenants, a landlord can make money and provide solutions.
