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Insight on how i should word my rental increase notice
Hello, I am looking for some advice on how to word my rental increase notice. Do you include the insurance plans on your notices? Or do you only include what the rent is going to increase to? We currently have 2 different letters because we send a letter for the tenants with insurance, and letter to the tenants without…
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Do rental rate increases need to be physically mailed?
Getting ready to do rate increases next month. Do they need to be physically mailed or is email acceptable? Obviously mailed for tenants without emails but for everyone else?
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Rate Increase set before tenant discount.
We are just discovering if a tenant qualifies for a discount in the month leading up to a rate increase, it does not calculate the discount when the rate increase begins. What can we do to catch this in advance? In other words, a tenant receives a rate increase letter that their rent is going up in June, they call me in…
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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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Revenue Management
We are currently using the system to auto-generate 30-day notification letters of upcoming rate increases based on certain criteria. We would also like to email each customer a copy of the letter in addition to sending via USPS. Unfortunately, the system seems to allow only one option - EITHER email OR print the letter,…
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Multi-Unit Rental Rate Increase Notice
I would like to create a form similar to the OOTB Rental Rate Increase Notice except I would like it to be the total for the tenant (including all units) to provide my customers with an overall impact. I have been unable to find any form that reports multiple units in a single form.
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Rent Increases
What do you do at your facility for rate increases? Do you find that a flat amount or a % work better? Also how often do you implement them? I have several units that are well below street rates due to being tenants forever and would like to get them up some.
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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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Rent Increase Projection Report
Does anyone know, or has anyone come across a report in Sitelink that would show projected revenue from scheduled rate increases? For instance, I have a bunch of increases taking place next month; what is the increase in revenue for those? (if everyone pays on time and in full) One of the owners asked what our monthly net…
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Rate Increase Letters Help.
Good Day Everyone, When I do our monthly rate increases there is a section that shows the date from their last rate increase and the amount of the increase it was. However, I have been having to enter it manually rather than SiteLink doing it automatically. Is there an option for SiteLink to enter this automatically? It…
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Rental Rate Increase Forms.
When issuing a rental rate increase form is there any way SiteLink can automatically display when the tenants last rate increase was and for how much? We have been having to do it manually for sometime so having it automatically will cut down time severely. Thanks,
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Schedule price increase
We are increasing our prices on 1st April, and I was wondering if there was a way to schedule this in Sitelink, so that I don't have to do it on the day (which incidentally is also Easter Sunday and a non-working day).
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WEBINAR 1/17/18: What Can Your Self-Storage Customer Afford?
What Can Your Self-Storage Customer Afford? Live with Paul Darden of Storage Income Pros January 17, 2018 at 2:00 PM EST Win the battle on maximizing your income – instead of the race to the bottom for the lowest rental rate. When markets get super competitive, it helps to know what the customer/tenant can afford. This…