Why Conduct an Audit?
Audits should be done for several reasons, including the fact the owner of a property has a multimillion-dollar investment at stake. He is entitled to protect his interests from theft and neglect. In this highly competitive business, the value of a property can be severely affected by managers who are dishonest or fail to properly maintain a facility. Audits are done as a matter of course in every industry, whether it is manufacturing, retail or entertainment. Self-storage should be no different. Regular operational auditing is an inexpensive way to give ownership assurance that everything at the site is being done by the book. Most self-storage managers are honest, and the backbone of our great industry; but there are always exceptions. Auditing performs the function of keeping an honest man honest. If managers know they are subject to random operations and paperwork inspections, they are more apt to remain trustworthy and reliable. Some owners are reluctant to have their facilities a
