Self storage owners—customers will pay higher rates if they believe they’re getting more value.
Most owners hesitate to raise rates because they’re afraid of losing tenants. But here’s the truth:
- People don’t leave over small price increases. They leave when they feel like they’re overpaying for a bad experience.
- Your competitors are already raising rates—and still filling units.
- The key isn’t price—it’s perceived value.
In this episode of 3 Minutes with 3 Mile, I’ll show you how to raise rates the right way—without pushing tenants out.
What You’ll Learn:
- Why tenants accept rent increases when they see value
- The three factors that make people willing to pay more
- A step-by-step strategy to increase rates without losing customers
📩 Want my Self Storage Rate Increase Script?
Email me at jim@3milestorage.com with the subject line “Send Me the Script”, and I’ll send it to you for free.
Need Help Maximizing Revenue?
At 3 Mile Storage Management, we help self storage owners implement smart pricing strategies, increase revenue, and improve tenant retention. Book a free consultation at www.3milestorage.com.
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