Third Party Management
Learn More About What We Can Do For You
We don’t own, we manage self-storage. We are committed to YOUR STORAGE SUCCESS.
Many self-storage operators say they cannot afford third party management, they do not see the value, or do not want to lose control of every aspect of their operation. Donald Jones Consulting & Service will provide the opportunity to increase the owner’s property knowledge and work with you in operations. If your desire is to not worry about those day to day operations, our objective is to help show the value of our services and earn your trust.
Donald Jones Consulting just took over management of a North Texas Self Storage location which was 100% occupied. Together with the owner, we made adjustments in management that reduced occupancy but increased income beyond our new management fees. Each property must be assessed independently and then use the Income Statement to measure success.
We can provide counsel for any property owner who is seeking to improve or change. Our motto for this year is “Old Ways Won’t Open New Doors.” Together we can create a plan to manage the Self-Storage Property more efficiently. We can create change through Manager Training, Operating Rules Evaluation, Software Enhancements, Property Improvement, and Marketing Modifications.
Donald Jones Consulting is not a typical management company. Below we will illustrate the difference:
Working Together
We will consult, teach, and manage the property with, or for the owners, according to his or her choosing. Unlike Donald Jones Consulting, typical management companies will take 100% "ownership" of the property and the real owner will have little authority. We want to be a relationship basis company. Our history has all been referral based.
No Long Term Contracts
We will manage on a month to month basis. We have seen the frustration from owners who want to part with their management company and must wait for a contract to expire. This makes it easier for either you or us to part ways if we do not perform as promised or see eye to eye on management styles.
Fees
We charge a Flat Fee that is discussed and agreed to in advance. No more percent of income that gets out of control and reduces your profits.
Employees
The employees are the properties. They will be attached to the proprietor's Federal Employee Identification Number. We will not take them, move them, transfer them, etc. They will be tied to a package that works within the property budget. Benefits, Bonuses, and Workers Comp. are all items that are considered on a property by property basis, not based on a management operating style. This will ensure if our contract is terminated, your property will continue to run in a smooth transition.
Marketing
Marketing expenses will be determined by NEED rather than convenience. We will only spend marketing dollars as part of a budget predetermined by ownership and management.
Rebranding
We will not force rebranding. Eventually we will discuss branding if that is a part of the overall objective and written plan of action we create together. For example, especially in acquisitions, depending on how the facility has been managed, you might want a rebrand to freshen up the community and tenant’s perspective.
Bookkeeping
If asked to do so, we can perform the bookkeeping and pay the bills at no extra charge or the owner can retain this function. Our employees are extremely efficient at getting you a timely report each month.
We do offer retainer services for those who do not want full time 3rd party management, but want to call with questions, help with lien sales, collection calls, or manager training.
Overall, property management is a function of doing what is best for the property in a way that is best for the owner with our assistance. Contact us today to discuss more about our consulting and operating style.
