3 Easy Ways to Increase Profits at Your Self-Storage Facility

• by boxwell/July 28, 2021
• brenda@boxwell.co

Are you getting the most out of your facility?

Every self-storage operator aims to maximize profitability. First, the success of a facility depends upon its renters. So, how can you find and maintain reliable renters? Sometimes the simplest things can make the biggest difference. There are some easy ways to increase profits at your self-storage facility. For example, you can introduce a few value-adds to your business model. As a result, you’ll soon see a difference to your bottom-line.

1. Offer Moving Day Essentials

Turn your office into a one-stop-shop. Think about it: your tenants are busy packing their belongings to store in your facility. This is not an easy task for anyone. Wouldn’t it be nice to offer some essentials in your office? For example, have miscellaneous items available for them to grab at the counter. You can offer boxes, packing materials, tape, snacks, drinks and sunscreen. Also, you could offer free WiFi and have a beverage bar right in the office. Renters will appreciate the convenience. And your business will profit.

2. Implement Value Pricing

Although it’s tempting to offer blanket rate for your units, think twice. For example, do you offer units that are near an entrance? Are there any easily accessible units? How many of your units are well-lit in the evenings? Which ones are shaded during the day? Renters will be willing to pay a premium for these optimal spots. Why not capitalize on your more convenient and highly-sought after units? By increasing the rate for a few cherry-picked units, you will create a competitive feel, and your business will benefit.

3. Increase Your Rentable Space

Look around your facility. Chances are you have empty spaces. Why not fill those with revenue-generating relocatable units? You can transform fence lines, easements, and oversized parking lots into profit for your facility. With relocatable self-storage units, there is no foundation is required and site prep is minimal. Also, self-storage operators can take advantage of the Section 179 tax benefit. Relocatables are considered equipment. So, you can write off of the entire price in the year they are purchased. Thus, when you add relocatables, you add revenue!

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Since 2015, Boxwell has been designing, manufacturing, and distributing customizable storage solutions for businesses around the world. Headquartered in Boulder, Colo., Boxwell’s mission is to build the future of storage, today. We aim to achieve this by persistently looking for ways to develop more durable storage, installed in a fraction of the time compared to other options. Therefore, we’re continually exploring new technologies, services, and features to support our clients and elevate the industry standard.

Work with a Boxwell representative to decide on an ideal, moveable storage unit mix, custom colors, door configurations and more. Once you place an order, we deliver and install your Boxwell relocatable self-storage units. You’ll be ready to rent them in no time!

Boxwell | Race with the Machines

Actionable Insights had a chance to explore the latest and greatest from Boxwell thanks to Lisa Maloney! Boxwell was a recent sponsor of our biggest event yet, Race with the Machines. Prior to the competition, President Mark Whatley, Ambassador Travis Chancey, and Strategic Account Manager Lisa Maloney talked about what Boxwell’s containers have to offer the restoration ecosystem.

Our products include drive-up self-storage units, relocatable self-storage units, portable storage containers, residential storage containers, moving containers, and restoration containers. Intended to help you increase your business’ revenue-generating space, our portable containers and relocatable self-storage units are flexible, stackable, and beautiful! Boxwell is here to ensure that our products help you achieve your business goals.

Check out www.boxwell.co or call (303) 416-6280 today!