Self storage companies are extremely profitable.
It is an interesting business because it makes money off people having too much stuff.
If you're not careful, self-storage can be a huge money sinkhole.
Here are some tactics that you can utilize to save your hard-earned money.
Many people casually see a self-storage location while driving buy.
They walk in and sign up for a contract without doing much thought.
This is very impulsive and usually results in the consumer getting not a very good deal.
For one, self-storage along major roads are relatively expensive because of their higher real estate costs (which makes sense for the business owner because it brings in walk-in traffic.
) Locations that are a bit off the beaten path are going to be significantly cheaper.
They are often only a few miles away from those located in prime locations, so it's not going to be a hassle to get to.
You should also do some research and find a special deal.
Self-storage is like the cable business; almost no one pays for the sticker price because of the ever-present people almost "specials" (while those who do essentially get ripped off.
) Lastly, you should have a good idea of how much room you will need and how long you decide to keep it.
Don't buy more room than you need.
Self storage centers will often offer you the first month free in order to lure you into buying something you do not need.
Do not fall for this trick.
If you know you will be using the storage area for an extended period of time (say 6 months), you might be able to negotiate something.
If you're not comfortable doing this ask a friend to do it for you.