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The Secret to Charging More Without Losing Tenants | 3 Minutes with 3 Mile

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Manage episode 473455454 series 2312998
Content provided by 3 Mile Storage Management and Jim Ross - 3 Mile Storage Management. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by 3 Mile Storage Management and Jim Ross - 3 Mile Storage Management or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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 [email protected] 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.

  continue reading

331 episodes

Artwork
iconShare
 
Manage episode 473455454 series 2312998
Content provided by 3 Mile Storage Management and Jim Ross - 3 Mile Storage Management. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by 3 Mile Storage Management and Jim Ross - 3 Mile Storage Management or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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 [email protected] 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.

  continue reading

331 episodes

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