Extra Space Storage is the leading third-party self storage management provider in the United States, with over 800 managed properties. We’ve been in business for over 40 years and have managed properties of all types and sizes. This experience allows us to provide expert guidance and support to property owners, ensuring their facilities are operated to their maximum potential.
Through our industry-leading ManagementPlus platform, we provide a management solution for storage operators that gives owners access to the same resources that make Extra Space properties so successful. Our platform provides property management services and alignment of interests between owners and Extra Space.
“A key benefit of the Extra Space Storage management platform is every store is run as if we own it,” said Eric Bishop-Berry, Vice President of Third-Party Management. “Our best-in-class technology, customized marketing, and scalable services benefit all properties regardless of whether they’re owned, managed, or joint ventures.”
Our technology and experience working with partners allow us to establish mutually beneficial relationships that drive outstanding property-level performance. With our size and scale, we are able to gather extensive data, enabling us to make informed decisions and implement cost-efficient structures that benefit our partners. Our team is dedicated to providing solutions that meet the unique needs of our partners and committed to delivering results that maximize returns on investment.
“Extra Space was built on partnerships—it’s in our DNA,” continued Bishop-Berry. “ManagementPlus was rolled out over ten years ago, offering the industry a superior management solution. We continue to be partner-centric and recognize the value and insight of our partners.”
Frequently Asked Questions About Partnering with Extra Space Storage
What should owners look for in a third-party management company?
When searching for a third-party manager, owners should consider various factors such as financial performance, experience, technology, operational expertise, brand reputation, and more. Prioritizing these factors depends on the owner’s objectives. In addition, it’s important to take a holistic approach by finding a management company whose mission and values align with the owner’s goals. The ultimate goal should be to establish a positive, long-lasting relationship with a management company.
At what point should owners consider hiring a third-party management company?
We work with owners at a variety of different property life cycle stages. Whether you are new to the industry, want to expand, or simply scaling back and looking for someone to take care of your property—we work closely with the owner to discuss all options to find the best outcome and maximize profits.
How long does it take to transition my facility to be managed by Extra Space Storage?
The typical transition takes between 30-60 days, and it is usually best to make the transition at the beginning of the month. Our transition team works closely with the owner to integrate smoothly.