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by klatchex_too
149 days ago
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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. |
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