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(346)

018: Chat with Tron Jordheim

018: Chat with Tron Jordheim

Jim talks with a Tron Jordheim, who's been in the self storage game for a very long time. We discuss some essential ways to stand out in your target market. Resources: https://www.tronjordheim.com/ ...

27 Aug 201823min

017: Talking Pre Open Marketing with  Marc Goodin

017: Talking Pre Open Marketing with Marc Goodin

Marc Goodin from Storage Authority joins the show to discuss pre open marketing strategies for your self storage business. Resources: http://www.storageauthority.com/ https://www.theselfstorageshow.c...

22 Aug 201829min

016: Jaime Lindau from Trachte

016: Jaime Lindau from Trachte

Jaime Lindau is the National Sales Manager at Trachte Building System. Resources: www.trachte.com https://www.theselfstorageshow.com/home Self Storage Domination Management Free 30 Min Strategy Sess...

21 Aug 201819min

015: Talking Sparefoot with Tevis Paxton

015: Talking Sparefoot with Tevis Paxton

In the world of self storage, Sparefoot dominates the aggregator market. Learn what makes their platform so successful for self storage businesses to get extra rentals. Resources: https://www.spar...

16 Aug 201816min

014: Day In The Life Of a Self Storage Manager - Day 1

014: Day In The Life Of a Self Storage Manager - Day 1

www.theselfstorageshow.com Self Storage Domination Management is taking over management of a location and Jim is working the site as the self storage manager for a while. Here comes a day in the life ...

1 Aug 201812min

013: Dan Dotson- Auctioneer From Storage Wars

013: Dan Dotson- Auctioneer From Storage Wars

Dan Dotson joins the show to discuss how he got involved with the show hit series Storage Wars and we talk about his American Auctioneers business along with his great online auction site StorageAucti...

13 Jul 201823min

012: Talk With Terry Campbell From Live Oak Bank

012: Talk With Terry Campbell From Live Oak Bank

Join us for FREE online training course at: www.theselfstorageshow.com Terry knows everything there is to know about financing your self storage project. In this episode we get into the nitty gritty...

10 Jul 201823min

011: Chat with Kris Bennett- CEO at We Want Storage

011: Chat with Kris Bennett- CEO at We Want Storage

Join us for FREE online training course at: www.theselfstorageshow.com Kris Bennett: We Want Storage makes it easy for self-storage owners to receive an offer for their facility with little hassle. Ow...

3 Jul 201821min

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