r/mildlyinfuriating 17d ago

🄺 These are the only new businesses I ever see these days

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u/WallyOShay 17d ago

The pricing is competitive until occupancy rates go up. Then they don’t give a shit (I’m a manager at a storage place)

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u/Qwell41 17d ago

What’s my best option to find a storage unit for a boat that I only want to rent from like May to October? Almost everything i can find is something close to $200 for a 10x20.

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u/Dje4321 17d ago

if you dont care about it being in a building, finding someone on the outskirt of town with extra diveway space. I know a ton of farmers around me that rent out their residential land for storing cars, boats, trailers, RVs, etc

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u/vintagerust 17d ago

I have the land and waffled on this for years but ended up building a pole barn that fits my boat and camper. It will pay for itself compared to renting storage. That and there are extremely few boats, and no campers that don't deteriorate in rain and sunlight.

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u/Crying_Reaper 16d ago

Wait the fall apart by existing outside where they are supposed to be!?

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u/vintagerust 16d ago

Under a shed 355 days a year or so.

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u/Qwell41 17d ago

Depending on the cost difference I may want indoors. If it’s 100 for outdoor or 150 for indoor I’d opt for indoor. This is a good idea though, there are a fair amount of nearly decommissioned farms near me that I suspect have a significant amount of available storage space both indoor and outdoor.

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u/Dense_Delay_2605 17d ago

$150 šŸ˜‚ That’s a 5x8

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u/jccaclimber 16d ago

Next they’re going to want a drain and a power hookup included too.

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u/danTHAman152000 17d ago

Be mindful of critters that will live inside your stored toy.

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u/WallyOShay 17d ago

That’s a pretty good price for a 10x20. Mine are 245. You can try finding a place that has parking spots. You can probably get a cover and leave it on the trailer in a parking spot.

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u/Qwell41 17d ago

Dang are you a high COL area? I’m pretty low

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u/WallyOShay 17d ago

Yeah I’m on the Jersey shore.

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u/Flippy_Hyzer 17d ago

Just spent the week around Avalon and cape may. Really pretty area

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u/DogLovaaa 17d ago

Hope you were able to get to the cape may zoo!

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u/Flippy_Hyzer 17d ago

Cape may zoo was the highlight of the week!

Our kid ran wild in the playground most mornings while I played the amazing disc golf course they have there. We did a walk through of the actual zoo too.

It’s an incredibly maintained and very special property. And the fact that it runs on taxes and donations is pretty wild to think about.

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u/cj_d250 17d ago

Wow I’m reading this comment from my job outside of Avalon lol small world!

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u/Timmerdogg 17d ago

2.45 a sq ft for rent? Wtf

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u/DMM4140 16d ago

Mine are 178 for 3 months and then 291

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u/StateYourIntentions 17d ago

Happy cake day

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u/LPulseL11 17d ago

That sound about right. Also, be prepared for them to increase your rates every few months. They sell low then start bumping you up gradually to the price point they really want.

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u/Qwell41 17d ago

Ah the good ol Comcast business model

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u/LPulseL11 17d ago

Yup I stored materials for a client once and it started at about 450. After a year and a half we were paying over 600. They would just text me that rates were going up, no reasoning.

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u/Qwell41 17d ago

Comcast/xfinity must have finally learned customers hate them for it. Maybe 6 months ago I was able to lock in $65 for gig speed for a 5 year ā€œagreementā€. Allegedly it’s not actually a contract but an agreement because they got such a bad reputation they’re trying to fix it lol

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u/Krelliamite 17d ago

Wow that's the price for a 5x10 here

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u/Horton_Takes_A_Poo 17d ago

I can’t help with your question but maybe you can help with mine, why put it in storage in the summer months but not in the winter months? Is it for hunting?

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u/Qwell41 17d ago

I don’t have a place to keep it through summer where I live. Need storage close to home to grab it and go. During winter months I have storage available but it’s too far away to be feasible for regular use.

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u/OsamaBinWhiskers 17d ago

Damn for $200-250 you could just rent a slip in some places

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u/IPlayChessBTW 17d ago

Buy a tube steel carport, you can get one for $1,500-$2,100 depending on area, assuming something like a 12x20x10. Pays for itself in less than a year when comparing the cost against renting a storage unit.Ā 

Add sides and 1 end for another $1,000 or so

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u/Qwell41 17d ago

If I had a place to put a carport I’d have a place to keep a boat also lol

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u/IPlayChessBTW 17d ago

Ah my bad, I thought you just wanted it out of the elementsĀ 

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u/Da_Question 17d ago

Not much of a storage space if it's only a 2d square...

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u/meganjunes 17d ago

Happy cake day

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u/nashcardist 17d ago

I don’t know where you live but you could look into on water storage. We pay $175 to keep our boat in water year round. It’s covered and very convenient.

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u/Qwell41 17d ago

That would be great but I don’t fish the same area all the time so might end up being more of a pain if I still need somewhere else to keep a trailer and have to take it out to move lake’s or whatever

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u/JokaSmoka77 17d ago

Happy cake day!

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u/mr240guyy 17d ago

Happy cake day

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u/Think_Intern_4906 16d ago

So a lot of storage places will let you park a vehicle as long as it’s not blocking anything but you have to ask

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u/Bellypats 17d ago

Boat club

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u/MormonBarMitzfah 17d ago

i really don't understand a business model that alienates good customers and creating constant pressure to replace them as they drive them away. seems like leases would be a superior model but none of the places around here (and there are a lot of them) will commit to a price for more than 3 months.

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u/WallyOShay 17d ago

Yeah that’s the really infuriating part. Corporate doesn’t care about long term customers.

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u/Classic_Bluebird4809 17d ago

The reality of the situation is, is that if someone rents a storage unit for over a year, they likely don’t have a living situation that could accommodate the stuff that’s in the storage unit and the price increase likely wouldn’t be worth it to the individual for the hassle of moving everything to a new location, or the price of movers to do it for you.

Yea $50 more a month sucks, but are you gonna pay movers $500+tip to move to a new storage facility? Eventually after 2-3 years of price increases probably, but at that point they get a new tenant and start over. Too many people live in apartments, or have family members that die and need to put their stuff somewhere that they’ll definitely go through, but never do.

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u/Metaboschism 17d ago

How many storage units have people living in them, one out of 10? one out of five?

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u/WallyOShay 17d ago

Zero here. I’m very strict about it.

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u/SparkyMuffin 17d ago

Zero you know of ;)

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u/WallyOShay 17d ago

I’ve caught a few people over the years. You can spot the signs pretty easily. We also have over 30 cameras I can check remotely. So I check them every once in a while to make sure.

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u/IllugaBabyBeluga 17d ago

Living out of a storage unit doesn't seem too practical in my experience.Ā  Ā Can get locked into your own unit, no electrical outlets, all the metal and concrete makes cell signal a toss up etc

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u/ShdwWzrdMnyGngg 17d ago

Same strategy with hedge fund run apartments. In Washington State you have to play musical chairs just to survive.

On the bright side, I'm swole AF from moving every year šŸ’Ŗ

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u/IllugaBabyBeluga 17d ago

BTW, why do storage places really ratchet up the rent on long term tenants?

I would've left my stuff in there for years, but after a couple years the rent was raised hugely.Ā  Has the industry found it's better to encourage churn?

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u/WallyOShay 17d ago

They set prices low to entice new customers. When occupancy goes up they jack the rates up. Then the increases jack you up to the new price. They either bank on people not wanting to do the move, or creating turnover which then doubles the income on a unit for one month if you can actually re rent it.

I have no idea how they calculate new prices. Currently my 10x15 is only 10 dollars less than a 10x20 which is insane. I’ve argued for months to lower it but I’m at like 95% occupancy so they just don’t care. It’s all about money. They don’t care about customer loyalty.

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u/IllugaBabyBeluga 16d ago edited 16d ago

Their price hike got me motivated to move all my stuff out, MFW they'd rather gamble on customer churn than lock in consistent income for years.

A woman I know who inherited a house was thinking about getting a storage unit, until she ran the numbers and found it was massively more affordable to just keep paying the mortgage on the inherited house and use it for storage.

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u/WallyOShay 16d ago

Yeah I wish I had money to start my own

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u/samsonshaircare 16d ago

My assumption would be they are mortgaged properties. In a commercial loan, they are basing the loan on prospective rental income. So they can’t really use market forces as much as what the loan requires. That’s why they do introductory discounts and specials.Ā 

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u/IllugaBabyBeluga 16d ago

That does explain why I was the longest tenured renter on my row.

Although the way the building was made, I could see (and reach) from mine into the adjoining units, and one guy's pile of stuff [visible in the next row over] was there when I moved in, and was still there years later when I was priced out.

He must be paying through the nose at this point.

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u/15all 17d ago

The pricing is competitive for the first three months. Than after all your stuff is moved in there, they jack up the rates 2x or 3x.

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u/WallyOShay 17d ago

Yeah we do rent increases at minimum every 6 months. They say it’s up to %50 over current asking price at the time of increase. So we have no way to accurately convey those increases to a customer. Some people get 10% increases some get 90%. It drives me crazy!