250. The Self Storage Industry is Starting to “Thaw” (Take Advantage Now!)

The self storage industry is starting to “thaw” as renters return and occupancy begins to rise. But this isn’t happening at every facility. Many self storage operators are still struggling to get new customers in the door, and if your facility is having the same problem, this episode is exactly what you need. We’re peeling back the curtain and sharing exactly what we’re doing to raise occupancy, beat our competitors, and get units rented before the busy season ends. Last week, we talked about a return to “normal” for the self storage industry, with significant year-over-year storage demand drops. Now, it seems that we’re finally getting our busy season back as May rolls in and more facilities experience a seasonal boost. If you’re not taking advantage of this, you need to act fast. Not doing so could force your facility into higher vacancy for longer while your competitors take the customers passing you by.

We’re sharing our portfolio stats, the strategies we’re using to increase occupancy, and the operational changes we’re making to bring customers back. If you follow our lead, you could see your facility start to fill up fast this summer!

What you’ll learn in today’s show:

• Why the self storage industry is starting to ‘thaw” and why 2025 - 2027 may be the best years yet
• Exactly what we’re doing right now to bring in more customers and keep occupancy high
• Our actual self storage facility stats and why we saw a big uptick in May rentals
• Operational changes you MUST make if you want to have high occupancy at your facility
• Whether or not lower interest rates will reignite the hot housing and storage markets
• Metrics we’re watching closely that point to low or high occupancy rates

Get my new book that teaches you everything I know about self-storage- https://a.co/d/aRSKcSq 

Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/

📌 Ready to buy storage? Have your deals personally evaluated by AJ and our team! https://www.selfstorageincome.com/feasibility

📉 Take advantage of today’s market conditions and invest with us- https://cedar.cc/invest