When the self-storage facilities in your community are all similar—location, pricing, amenities, security, etc.—there’s really just one thing that can sway a potential renter to choose you. It’s your ability to make them feel welcome and wanted.
To truly push your self-storage facility to its peak revenue potential, you need to change your managers’ mentality about rental-rate increases. An operations manager for four Toronto facilities shares his strategies.
The national monthly average for self-storage rental rates increased 4.5 percent last year. Guest blogger Al Harris from SpareFoot breaks down the market numbers.