Operational Audits

The Partners at Self Storage 101 specialize in conducting Operational Audits for self-storage Owner/Operators. These audits are designed to give the owner/operator the information they need to more effectively manage their self storage assets for increasing income, profits, value and operational efficiencies.

Our methodologies and tools are designed to optimize industry-standard operational policies and procedures to improve the processes of an existing self-storage facility or portfolio or to provide guidance for an under-performing asset.
CLICK HERE to request more information about either of our Operational Audit services.

ON-SITE Audits: Our ONSITE comprehensive review conducted by one of our professional auditors is a hands-on audit and delivered document that reviews the following store elements:

Balance the cash drawer and review petty cash receipts

Perform a complete unit inventory/walk-thru and reconcile descrepencies

Review bank deposits and credit card batches

Review discounts and fee waives

Review alterations logs/reversed transactions

Review rate exceptions report

Review tenant files

Review vacate files

Review all units not in the rentable unit mix

Facility inspection

Theft Issues: The sad truth is there are times when you know your revenue against projections are not adding up. By using specifically designed techniques, our theft analysis team will compare your projections against historical transactions and provide you with a comprehensive report of if and where theft has occurred.

Off-Site Audits: The professional auditors at Self Storage 101 also have the ability to perform Off-Site audits, depending on site-specific management software and technological parameters. These audits are intended to review specific management items as determined by the in-place software and are customized per client requests.