Let’s face it – space is a hot commodity in the rental market. As a landlord, you’re always on the lookout for ways to make your property more appealing without breaking the bank. Well, here’s a trick that might just give you the edge: self-storage.
The space squeeze
We’ve all been there. You find a great flat in the perfect location, but the wardrobe space is laughable, and forget about storing that bike or those winter coats. It’s a common headache for tenants, especially in bustling city centres. But what if you could offer a solution?
Self-storage: your secret weapon
Enter self-storage – the unsung hero of the rental world. It’s a flexible, affordable way to tackle space issues without knocking down walls or sacrificing that spare room. By teaming up with a local storage facility, you can offer tenants a lifeline for their space woes.
Matt Wallace, a director at Paylessforstorage, a company that’s shaking up the storage game, puts it bluntly: “Storage can be expensive. It’s also a service where people don’t want to pay any more than they absolutely have to. No one wants to pay more for storage – once a certain criteria has been satisfied. They need storage that is clean, dry and secure.”
What’s in it for you?
- Stand out from the crowd: In a sea of similar listings, offering storage options can make your property the catch of the day.
- Cha-ching: With added value comes the potential for a rent bump. Ka-ching!
- Less wear and tear: Fewer bulky items knocking about means less potential for dings and dents in your property.
- Flexibility is key: Need to store stuff during a quick refurb or between tenants? Problem solved.
Happy tenants, happy life
- Room to breathe: Tenants can enjoy a clutter-free pad without parting with their prized possessions.
- Roll with the changes: Life’s unpredictable. Storage needs? Not so much with this flexible option.
- Fort knox vibes: Professional storage often comes with better security than a garden shed or attic.
- Wallet-friendly: It’s often cheaper than upgrading to a bigger place.
Making it happen
- Team up: Find a storage facility that won’t break the bank but still keeps things safe and sound.
- Package deal: Throw in storage as part of the rent or offer it as an extra. Your call.
- Shout it from the rooftops: Make sure your listings sing about the storage perks. It could be music to a potential tenant’s ears.
- Spread the knowledge: Give your tenants the lowdown on making the most of their storage space.
- DIY storage: Got some dead space in the building? Transform it into secure storage units for a real USP.
Matt Wallace’s on board with keeping costs down: “We provide storage at a fraction of the cost of the large national chains. Our goal is to be a storage company that continues to defy the ridiculous prices of the large national chains. Provides a great service to their customers – storage that is clean, dry and secure at a fraction of the price.”
The crystal ball of storage
As cities get cosier and flats potentially shrink, the need for a bit of extra space isn’t going anywhere. Getting on board with storage solutions now could set you up nicely for the future.
Wallace’s got his finger on the pulse: “Self-storage is becoming increasingly popular and increasingly competitive.” Sounds like now’s the time to get in on the action, doesn’t it?
By thinking outside the box (or should we say, inside the storage unit?), you’re not just renting out four walls and a roof. You’re offering a slice of the good life – a home where everything has its place, even if that place is down the road in a secure unit.
So, why not give it a go? Your future tenants (and your wallet) might just thank you for it.
