Self Storage Rates

As a storing facility owner or manager, one of your primary concerns is to establish a price chart for the storeroom you offer. You have to price everything right – too high a price will turn away customers, too low a price will hurt business. It is dicey to know what you should charge customers for storing their belongings.  Here are a few tips on how to determine self storage rates .

Ask Around

You need to ask other storeroom business managers what they charge for their units. Many businesses would be happy to provide you the answer, they will only be wary of answering any questions put by a potential competitor. A good method is to visit their website and find out. Remember that you need to approach warehouse managers in your area first, because your area of operation decides your self storage rates .

Ask The Experts

The internet is the best place to get in touch with people in the warehousing industry. You can become a member of online storeroom owners associations and put up your query on their forums. Many of them publish online journals that will help you keep updated on changing business conditions, property prices, and most importantly, storing costs. If they send out online newsletters, it would not hurt to opt for them, they can provide valuable insights on how to price your services right.

Consider Facilities On Offer

Storeroom rates depend on the facilities offered. For example, climate controlled units are more expensive than ordinary units. Similarly, more security systems, fire alarms, automated doors, and other facilities will increase the rates. You can offer carts and trolleys at an extra charge. Many businesses also offer free transport, but it is not necessary for you to do the same if you think it will not be feasible if you are keen to keep prices low.

Insurance

If you offer insurance on the items stored, you will need to charge higher self storage rates than non insured units. Most customer do not mind paying this extra bit because they would rather have their items insured than risk leaving them in the unit for months without insurance.

Location Of The Unit

Cargo space facilities that are located in easily accessible locations cost more – it is the demand and supply principle. More people want the top floors in flood prone areas, while others want the easily accessible ground floor in non flood plain areas.

Size Of The Unit

Typically, a 10×10 unit costs around USD100 per month. A 10×15 unit costs around USD130 and a 20×20 unit costs around USD180 a month. Note that these rates are only indicative. They will vary depending on the location of the facility, and other factors mentioned above.

Personnel Employed

The more people you employ, the higher the running costs, and the more you need to charge from customers. If you offer 24-hour access, on site manager, and security booths, you can charge more for the cargo space units. People do not mind paying a little extra if they find the staff helpful and always available for assistance.

Building Lease

If you are leasing the building, then you need to factor in the rent while determining storeroom prices.

Once you have determined the right self storage rates , you need to keep going back to them periodically to revise them according to market conditions. You can offer discounts to draw in customers, but make sure they do not affect the bottom-line in the long term.

Arab Storage : http://www.localselfstorage.com/Alabama/Arab/Self-Storage/

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Disclamer: This entry is intended to promote our partner StorageMart and some or all participants received compensation.