I don't think you should stop them from changing prices, but I do think they...

Jun 6, 2024
6:39:19am

NumbersGuy Contributor

Should be required to show the new customer what the average and range of rental prices they charge all of their tenants is. Make it clear that you are getting an "introductory" rate.

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NumbersGuy

Bio page: NumbersGuy
Joined: Sep 4, 2022
Last login: Jun 26, 2024
Total posts: 900 (1 FO)

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Messages

Author

Time

So these franchised storage rental facilities. Is it common for them to just keep raising prices without notification?

keithcoug All-American

Jun 6, 12:11am

It’s unethical but a lot of storage facilities do this. They figure people don’t

BlooCoug

Jun 6, 12:12am

Kind of like how it should be illegal to raise state and local taxes beyond very

garyfan

Jun 6, 12:17am

You want govt to control a private business from controlling their own pricing?

Ycrazy

Jun 6, 12:23am

Lots of industries are regulated. There are also laws against price gouging and

BlooCoug

Jun 6, 12:27am

The rental agreements are month to month for a reason, not sure you could call

BYUFBDAD

Jun 6, 12:41am

It’s an unethical business model.

BlooCoug

Jun 6, 8:50am

Not sure excess storage of crap falls under gouging laws. It is not water and

Ycrazy

Jun 6, 1:02am

Or just let people handle their own affairs and engage in or exit private

UNLVcougar

Jun 6, 2:30am

Believe it or not, consumers deserve protections from shark business models.

BlooCoug

Jun 6, 8:54am

Except the government, I guess?

WP17

Jun 6, 9:23am

I must have missed the part where storage unit owners are forcing renters to

UNLVcougar

Jun 6, 9:34am

What is a fair price for self storage, Bloo?

WP17

Jun 6, 3:12am

...and all regulating agencies are eventually captured by the industry they regulate

Bobber

Jun 6, 7:33am

Yes, lots of industries are regulated and there is a lot of damage done to the

UNLVcougar

Jun 6, 12:13pm

I do when said business uses unethical pricing practices.

NumbersGuy

Jun 6, 6:24am

Not unethical or illegal. Law of supply and demand. Monthly agreements.

Phreddy

Jun 6, 12:43am

Not unethical or illegal. Greedy maybe but no law against that. If there's no

ShinobiCoug

Jun 6, 1:53am

Not illegal, but I disagree about it being ethical. Switching costs are high.

NumbersGuy

Jun 6, 6:31am

I don't think you should stop them from changing prices, but I do think they...

NumbersGuy

Jun 6, 6:39am

“I don’t like this, let’s increase government overreach.” No thank you.

Viva Campeche

Jun 6, 8:11am

I think the government should regulate how much therapists can charge. People need help and money shouldn't preclude

HarlemCoug

Jun 6, 9:34am

Yes, it is very common. They’ve spent a fortune studying “tenant elasticity”

BYUFBDAD

Jun 6, 12:35am

Wow that is interesting seems like a big opportunity for competition?

Ycrazy

Jun 6, 1:03am

The biggest storage companies are very actively buying up the competition

NYC and Japan

Jun 6, 8:10am

it is, which is why I don't spend a single penny on advertising. These very

BYUFBDAD

Jun 6, 12:16pm

You don’t have to live like a refugee.

Sea Chicken

Jun 6, 5:01am

Algorithms. When a certain rental percentage is hit it automatically raises the

Phreddy

Jun 6, 12:39am

100%. They all do annual rent escalation.

justAnotherCoug

Jun 6, 4:46am

Annual rent escalation would be a welcome change in the industry

NanoFab Coug

Jun 6, 5:25am

This.

BlooCoug

Jun 6, 8:55am

This same tactic is used in mobile home communities.

Sea Chicken

Jun 6, 5:02am

This just reinforces my opinion that for the majority of people, if you feel that you need to rent a self-storage unit,

Clark Addison

Jun 6, 5:30am

Amen to this. Again, I see it firsthand and have counseled MANY people that

BYUFBDAD

Jun 6, 12:14pm

Generally it is suckers who use storage facilities, and it’s easy to separate

valleus

Jun 6, 6:36am

He mentioned he’s overseas. I’m guessing theres

NanoFab Coug

Jun 6, 7:04am

Lots of use cases where it makes sense to use storage facilities.

BlooCoug

Jun 6, 8:56am

There are some cases where it makes sense. And those cases are usually very

rcbyufan

Jun 6, 10:40am

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