Where I live none of the storage companies will let you pre-pay 1 year of rent let alone 5.
A major part of their business model is giving low initial rates and then raising the rent over and over knowing what a pain it will be for the renters to move to a different storage place.
The industry acronym for the strategy is "ECRIs", existing customer rate increases, and it is a profitability metric they track.
To be clear, it is in storage for the past 2+ decade. It was moving houses every year, the last few years, with only the essentials, that made me realise how much of a hoarder I was. Nevertheless, dumping it somewhere and "forgetting" about it is not much of a solution - as someone else said here, you are just passing on the problem to the next generation.
klatchex_too|1 month ago
A major part of their business model is giving low initial rates and then raising the rent over and over knowing what a pain it will be for the renters to move to a different storage place.
The industry acronym for the strategy is "ECRIs", existing customer rate increases, and it is a profitability metric they track.
thisislife2|1 month ago
tonyedgecombe|1 month ago
unknown|1 month ago
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