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admin | monk seal habits | 28.07.2015
Smart self-storage operators constantly are trying to figure out how to get the most money out of their units. When carried out correctly, rent increases can be fairly easy to accomplish with little to no pushback from tenants.
Some statistics show that customers will tolerate a moderate increase of 8 percent to 15 percent every nine months, with little to no move-out activity taking place, Barnholdt said. Many operators find it is easier to “train” customers regarding a pattern of steady rent increases.
The days when operators would impose an across-the-board rent increase effective on the same day for all tenants is gone. As a standard rule, Amsdell’s facilities do not raise rents more than once every six months. A standard rent increase, which is based on the length of stay at the same rent for a current tenant.
A “discount reduction,” which is aimed at lowering discounts in places where rents are below market rates. Universal Storage Group managers also can run a report that sorts customers based on the percentage discount that they’re receiving.
When communicating those increases, the key is to keep it simple and follow the guidelines of the lease, which is a legally binding contract for both the renter and the landlord. For those upset customers who do contact management about rent hikes, this is where customer service and salesmanship come into play, Amsdell said.
I am skeptical of the ability of any operator to raise rents 8 – 15% every nine months. Rent increases are needed yes and it does make alot of money especially in a large facility.
Welcome.The Storage Facilitator is the modern self-storage professional's destination for useful education, intriguing news, diverse expert perspectives, technology updates, and beyond. Get our free white paperThe Four Pillars of Profitable Self-Storage Management is an in-depth resource that empowers facility owners and managers to get more out of your business and stay ahead.
The information contained herein has been obtained from third parties and we cannot guarantee the accuracy or completeness of the information. 4.      Surrounding yourself with positive people, people who believe in you, who are self-confident and have a mindset of success. The energy that you surround yourself with correlates directly to how fast you will achieve your success. Linger around too many negative people, and you might have to not only wait a while for success… but work a lot harder to get it! How can you not succeed in life, improve self confidence, gain inner strength, get the courage to try new experiences…when you are not afraid of failure? If you get that failure is just part of the process, just part of your learning…if you understand that, well than you are definitely on your way to achieving your dreams!


Just like last weeks self-confidence quote by Einstein, Eleanor Roosevelt expresses similarly that we can only grow and improve self confidence and inner strength by having the courage to try new experiences, in spite of the fear we face – the fear of failure and the fear of making mistakes. Visualization allows your mind to get used to your dreams and goals and when these get imprinted in your subconscious mind, your success is inevitable. To improve self confidence one has to try new things, make mistakes and learn from those mistakes. For me a sense of accomplishing my goals and dreams is definitely the road that moves me towards success, but how to achieve that success, who I am becoming along the way and the feeling of satisfaction that comes after… are the keys to happiness. Those are some of the responses Taryn Brumfitt received when she asked 100 women to describe their bodies in one word. For that reason, Brumfitt is on a mission to convince every woman to love her body as it is, to stop buying into corporate messages about beauty, and to change the vocabulary listed above for good. How am I ever going to teach Mikaela to love her body as it is if her Mummy can’t do the same? In that moment, Brumfitt decided not to go through with surgery, and instead, she would learn to love what she saw in the mirror without changing a thing.
In a HuffPost blog post, Brumfitt admitted that the journey from body hater to body lover was not easy.
In May 2013, Brumfitt posted a "before and after" photo on Facebook that received more than 3 million "likes" -- but this side-by-side wasn't showing off a flat stomach post-weight loss. Since that image went viral, she has dedicated her time to speaking and writing about body love through her project, Body Image Movement. If she can raise the $200,000 it will take for "EMBRACE" to come to life, Brumfitt is confident the film will help shift the way women perceive their bodies. Women are always being told to change or be different -- lose weight, fight aging, smooth your skin, get rid of cellulite, I mean really, women are such amazing and dynamic creatures can we please change the conversation from this bullsh*t to something with a little more substance? The amount of the hike varies depending on a variety of factors, such as the current discounted rate a customer has, the current occupancy rate at the facility and comparable market rents for nearby properties. We don’t do across-the-board rent increases at any time,” said Todd Amsdell, president and CEO of Cleveland, OH-based The Amsdell Companies, a self-storage owner and operator. For example, Universal Storage Group relies on SiteLink software to generate an “occupied units report.” Most managers set the report to track renters who’ve been in a unit for at least 210 days (about seven months) at the same rate. Letters must be in the mail by the 22nd of the month for customers to receive them in time for the required 30-day notice period. For example, a manager could pull a report on customers who are paying a rent that’s discounted by 20 percent or more.
In that case, the customer might be able to tolerate a rent increase every four or five months,” Barnholdt said. Get customers used to rent increases of 8 to 15 percent with consistent increases every 9 months or so is completely awful and greedy.You can tell that those who run Sparefoot have neither worked at a storage facility or stored for any length of time, because they support their claim with statistics. This white paper identifies major trends and best practices in rate management, occupancy analysis, rental contracts and profit management.


I’m genuinely interested in your thoughts and questions so I can answer them in future blogs…the comments box is just below. She plans to do so by creating a documentary called "EMBRACE," that will explore why body loathing is so commonplace and what we can do to change that reality.
In the video for her KickStarter campaign, she talks about how she would stare in the mirror and tell herself how fat, ugly, and disgusting she was.
How am I ever going to encourage her to accept and love the parts of her body that she doesn’t like without being a walking contradiction? The "before" shot was from when she was in a body building contest, and the "after" was post birth. Now, she's focusing her efforts on creating the documentary, and has turned to KickStarter to help fund its production. On the fundraising page she breaks down what will be covered in the film from unethical marketing tricks to sexualization of women in the media. Seasoned professionals offer their advice on how to simplify the process and get revenue-boosting results.
For example, if a customer says he needs a unit for only three months, the company might honor a three-month rate. Managers pull that report in the middle of each month to determine which renters are due for a rate increase. One good rule of thumb for managers and operators when they do get that feedback is to check the customer’s account. You will get push pack from renters in the form of vacates, but why would Sparefoot care because they get there high referral rate from rentals.
I know thats why so many customer complain about public storage because they increase several times a year. If you know clearly what you want and it inspires you to achieve that goal or make that dream come true, perseverance is your guarantee that success is coming. The moment you think it should be any other way, you give away your power, and feel frustrated that there is nothing you can do about the situation. But if a renter decides to stay beyond that three months, that might be reason to raise the rate, Amsdell said.
If he or she is a long-term customer in good standing, it can be worth it to offer a compromise, such as deferring the rent increase by two or three months or negotiating a small rent increase.
What separates the great form the rest, is not just their big dreams but also how they deal with the challenges they experience on the way to success. Peace and self confidence can be experienced only when you feel you are in your own power, or …empowered.



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