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Navigating Rate Changes
Hi Self-Storage Pros! Let's talk about revenue optimization and rent increases! It can be a bit nerve-wracking to tackle these topics, but this forum is all about helping you keep your businesses thriving. How do you approach rent increases at your facility? Any creative strategies or communication techniques that have…
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Moveouts after rent increase
Is there any way to track moveouts that occur within a certain period of time after a rent increase letter is sent?
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Rate Optimizations
If your state does not have any restrictions currently due to covid are you still processing Rate Optimizations? If so do you use a dollar or a % amount? It's been a long while (several years) since any past tenants have had a rate increase. Was going to do this right before Covid hit but held off. Just wondering if it's…
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How Do You Handle......
How do you all handle situations with tenants having higher rates when the current street rate is lower. Example, John Doe is paying $150 for a 10x10 but it is currently going for $115.00 I have dealt with this a couple of times but when I do, man, do those conversations get headed. They ALWAYS come at me hot heated and…
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APRIL 2018 POLL: How often do you review/raise your tenant rates?
How often do you review/raise your tenant rates?