Self-storage facilities have become a popular way for people across the country to store their possessions and junk without having those items build up in the attic or garage. Self-storage managers often run these facilities, either as an individual or as a couple hired on to run the facility as a team. One of the "dirty little secrets" of the industry, however, as the Inside Self-Storage website notes, is how much these managers actually make.
Determination of Pay
One of the ways in which self-storage managers are often paid is by providing the individual or the team with a base salary and housing. Housing is often offered as an incentive to lure prospective managers to oversee the facility while having someone onsite to maintain it. The "dirty little secret" noted by Inside Self-Storage is that owners of facilities will sometimes try to use this as a means to pay self-storage managers a pittance in terms of actual pay, assuming that providing housing more than compensates for the small amount of take-home pay. However, owners have to be careful that they do not violate any minimum wage laws in doing so. The value of the housing must be factored into the equation and can affect the amount paid to managers.
Although salaries for self-storage managers will vary by location, Inside Self Storage notes that the typical going salary rate for off-site managers is between $30,000 and $40,000 per year, as of 2011. That generally breaks down to an hourly rate between $12 and $15, when based on a 40-hour workweek. These facilities often hire relief managers as well. These serve as fill-ins in the times when the other managers cannot be present at the facility. These mangers typically make somewhere between $7.50 per hour and $11 per hour.
Managers who live onsite will generally make less in terms of take-home pay because the housing is factored into the earnings. Inside Self Storage indicates a typical monthly rate of pay of about $2,300 and $3,500 per month, or about $27,600 to $42,000 per year. However, this is the rate of pay for an onsite team. Couples are often hired so that they can provide round-the-clock management. Off-site managers generally have the housing allowance included as part of their salary.
Self-storage managers do have the opportunity to earn additional pay in some instances. This is usually offered in the form of bonuses, which are paid to managers in various ways but are generally done so on a per-lease basis. This gives managers the incentive to work as marketing and sales managers and not simply as someone who checks in new customers, signing them up for their lease. Couples serving as management teams can work as a two-pronged growth team, with one maintaining the facility and the other focused on increasing facility growth. Some self-storage managers also make retirement pay in the form of a 401(k) retirement savings plan.