Pricing and Rent Increase Best Practices Round Table

We are pleased to announce that Dr. Warren Lieberman, President of Veritec Solutions, will be hosting an in-person round table discussion on the critical topic of Pricing and Rent Increase Best Practices, at the Self Storage Association SSA 2022 Spring Conference and Trade Show. Warren will be holding the round table on Thursday, March 10th at 2:45PM in the Rosen Shingle Creek, Orlando Florida.

As the self storage business environment evolves and changes, it is important to keep updated of the best ways to increase revenues and customer satisfaction when setting prices and carrying out rent increases. Topics discussed will include reviewing best practices for:

1. Determining the appropriate rent increase amount and frequency. Increase rents too much and more customers leave than is necessary. Increase rent too little, and profits may not reach their potential.
2. Setting rates for new customers. Setting new customer rates are important to attracting new customers. However, you need to also consider competition, occupancy, and forecasted demand.
3. Reacting, but not over-reacting to competitor price changes. Finding that right balance is key to maintaining profitability.
4. Offering move-in promotions. When to offer, and not offer promotions. And, by how much.
5. Incorporating convenience into the price-setting process. Convenience is an often overlooked critical factor in customer buy decisions.

Learn more about pricing and rent increase best practices. Register now for the Self Storage Association SSA 2022 Spring Conference and Trade Show at the Rosen Shingle Creek in Orlando!