Revenue Management for Storage Facilities & Mobile Home Communities: Turning Hidden Leaks into Measurable Savings

At Osprey Management, we believe that every operational challenge is an opportunity to climb higher and create value. Our provocative, boots-on-the-ground approach to revenue management for storage facilities and mobile home communities helped us transform unexpected issues into meaningful savings and financial gains for two Connecticut properties.

Water Bill Woes*

When our team noticed an abnormal increase in the water bill across two communities in our Connecticut portfolio, rising by $1,000-$2,000 each month, we treated it as more than just a maintenance issue. It was a chance to strengthen our bottom line through effective expense control, a key component of smart revenue management. In revenue management, every controlled expense directly supports stronger net operating income, meaning that preventing waste is just as powerful as increasing revenue.

Both our in-house crew and a national leak detection service searched for the cause but came up empty. With costs continuing to climb and service providers booked out for over a month, we knew waiting wasn't an option.

Our on-site team quickly took action by digging test holes, tracing water lines manually, and later renting utility locators and advanced equipment to navigate property lines. By escalating our strategy we were able to track down the issue ourselves. While other property management companies might choose to wait for help, the Osprey Management team mobilized.

After months of persistent investigation, we uncovered the source: a hidden water line break beneath a 10-foot retaining wall. Once the repair was complete, the community's water bill dropped from an average of $3,600 to $1,500 per month, generating $25,200 in annual savings.

This success story embodies our hands-on philosophy of revenue management for storage facilities and mobile home communities. By combining data, technology, and proactive fieldwork we were able to find and fix the hidden leaks, both literal and financial, that would otherwise erode profitability. To remain at the forefront of industry excellence, we consistently evaluate emerging best practices to enhance our property management performance.

Revenue Management for Storage Facilities with Osprey Management

At Osprey Management, we don't wait for problems to escalate. We act quickly, think strategically, and empower our teams to protect every property's financial health and mitigate risk. Because in our view, true revenue management means uncovering opportunities where other see obstacles, and turning those insights into measurable results.

The figures and outcomes shared in this blog post are based on internal performance data and specific to the properties managed by Osprey Management at the time of publication. While the results highlighted reflect real success within our portfolio, they are not guaranteed outcomes for all properties or situations. Performance may vary based on property condition, market factors, and operational decisions. This case study is intended for informational purposes only and should not be construed as a promise or assurance of future results.