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

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

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 jim@3milestorage.com 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.

Episoder(345)

🚚 049: Storage Spotlight #30 | Brian Rashid   On The Move

🚚 049: Storage Spotlight #30 | Brian Rashid On The Move

Brian Rashid from On The Move 🚚 joins Jim on the latest Storage Spotlight edition of The Self Storage Show. http://www.onthemovetrucks.com/ 🎯💰 💡 Take The 30 Day Challenge To Gain The Ultimate Unfa...

18 Feb 201918min

048  ISS World Expo 2019 Speaker Preview #07 | Brett Hatcher   The Self Storage Investment Markets

048 ISS World Expo 2019 Speaker Preview #07 | Brett Hatcher The Self Storage Investment Markets

Brett Hatcher (Senior Vice President of Investments at Marcus & Millichap ) joins Jim to give a preview of his upcoming presentation at the ISS World Expo coming up in Las Vegas. https://www.issworlde...

13 Feb 201919min

047: ISS World Expo 2019 Preview #06 | John Jordan - Impact Of A.I. On Self Storage Marketing

047: ISS World Expo 2019 Preview #06 | John Jordan - Impact Of A.I. On Self Storage Marketing

John Jordan (Co-Founder at Go Local Interactive) joins Jim to give a preview of his upcoming presentation at the ISS World Expo coming up in Las Vegas. https://www.issworldexpo.com 🎯💰 💡 Take The 3...

12 Feb 201922min

046: Storage Spotlight #29 | Brandon Snyder - Storsmart Insurance

046: Storage Spotlight #29 | Brandon Snyder - Storsmart Insurance

Brandon Snyder from Storsmart Insurance joins Jim on the latest Storage Spotlight edition of The Self Storage Show. Brandon is the Sales Director for the Western Region. Feel free to contact him for m...

11 Feb 201916min

045: ISS World Expo 2019 Speaker Preview #05 | Denise Bowley - Writing Your Self Storage Company Han

045: ISS World Expo 2019 Speaker Preview #05 | Denise Bowley - Writing Your Self Storage Company Han

Denise Bowley (Co-Owner and Operations Officer at Grow Your Storage LLC) joins Jim to give a preview of her upcoming presentation at the ISS World Expo coming up in Las Vegas. https://www.issworldexpo...

8 Feb 201912min

044: ISS World Expo 2019 Preview #04 | Clair Hoover-Reinvesting in Your Self Storage Business

044: ISS World Expo 2019 Preview #04 | Clair Hoover-Reinvesting in Your Self Storage Business

Clair Hoover (President and CEO at Freedom Storage Management) joins Jim to give a preview of his upcoming presentation at the ISS World Expo coming up in Las Vegas. https://www.issworldexpo.com 🎯💰...

7 Feb 201911min

043: Storage Spotlight #28 | Laura Brooks - Boxwell

043: Storage Spotlight #28 | Laura Brooks - Boxwell

Jim chats with Laura Brooks from Boxwell. Boxwell is an industry-leading supplier of custom, quick-assembly portable storage containers https://boxwell.co/ 🎯💰 💡 Take The 30 Day Challenge To Gain Th...

5 Feb 201915min

042: ISS World Expo 2019 Speaker Preview #03 | Kevin Edwards - Let's Get Physical! Self Storage Safe

042: ISS World Expo 2019 Speaker Preview #03 | Kevin Edwards - Let's Get Physical! Self Storage Safe

In this episode we highlight one of the speakers at the upcoming 2019 Inside Self-Storage World Expo. Kevin Edwards gives us a sneak peek into his presentation "Let's Get Physical! Self-Storage Safety...

30 Jan 201913min

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