Gabfocus Self Storage Podcast Auditing Your Self Storage Facility
37 snips
Sep 22, 2025 Regular audits of self-storage facilities are key to smooth operations and risk management. Discover why treating audits like routine car maintenance can prevent major issues down the line. Learn to recognize red flags that may signal the need for an audit, like spikes in credits or unexplained break-ins. Regularly auditing can save you from theft and legal troubles while ensuring everything runs efficiently. Embrace the idea that an ounce of prevention is worth a pound of cure, as maintaining vigilance is essential for success.
AI Snips
Chapters
Transcript
Episode notes
Treat Audits Like Routine Maintenance
- Do regular facility audits like routine maintenance to catch small issues early.
- Schedule audits even if everything seems fine to prevent bigger problems later.
Minimum Annual Audit, More If Bigger
- Audit at least once a year and increase frequency for larger operations.
- Use quarterly or monthly checks for multi-site or multi-staff properties to maintain accountability.
Reconcile Records With Physical Inventory
- Verify financials and inventory by matching software records to physical units and retail stock.
- Open a sample of supposedly vacant units to confirm they are truly empty and rent-ready.