Money In: Managing Self-Storage Rental Rates
Get insight for setting street and online rental rates as well as tips for knowing when to adjust rates and by how much. Also hear strategies for successfully executing increases with new and existing tenants.
Speaker: Magen Smith, CPA/Consultant, Magen Smith CPA
Format: Streaming Video
Duration: 39 minutes
Money In: Managing Self-Storage Rental Rates
To maximize revenue, self storage operators need to understand pricing dynamics and set the right value on their unit inventory. But what’s the “right” value? In this presentation, you’ll get insight for setting street and online rental rates as well as tips for knowing when to adjust rates and by how much. You’ll also hear strategies for successfully executing increases with new and existing tenants. You’ll learn:
- How to decide what your rates should be
- When and how often to raise rates
- How much to increase rates
- How to successfully administer increases to new and existing tenants
- Tools to help you automatically adjust rates
This product is also available in DVD format, both as a single and as part of the following discount packages:
Format: VID
