If you’re a smart self-storage operator, you’re regularly raising the rent on your existing tenants; but you don’t have to increase everyone’s rate across the board. You can go by anniversary date, raise rents in a block based on unit size or devise some other method. The trick is notification. It’s critical but can be challenging, especially if yours is a large property.
In this thread on Self-Storage Talk, the industry’s largest online community, a member debates notification methods. Which are the most efficient and cost-effective? How do you handle rent-increase alerts? See what others suggest and share your strategies.