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The True Costs of Self Storage: How to Avoid the Traps
Renting a self-storage unit will cost you a lot of money, especially if you're choosing a unit that meets all your standards you're looking for. And mind you, there are lots of storage companies that offer discounts and promos, all trying to get your money and attention. Always take necessary precautions before spending your money for storage units as many of them have enticing promotions but in the end, they are actually "traps." Traps that you sometimes forget to scrutinise because you're too eager to get the promos and discounts, thinking you'd be able to save as much on your storage costs. So, let's get down to the real deal here and read all the possible red flags.
1. Security deposit
A security deposit is a must in any renting business. Its purpose is to cover expenses incurred if the storage facility needs to do extra work for arranging or cleaning a storage unit after you move out. Since this is one of the things you're expected to pay, make sure that it is refundable. Also, please be aware of the terms in refunding so there will be no conflicts once you decide to take away your items.
2. Admin fees
Check if the storage facility is charging admin fees. These fees are basically to compensate the storage facility's personnel for doing the initial paperwork. It covers the time and works it takes for the personnel to set up your account, give your gate access, arranging extra security features, and so on. Take note, admin fees are usually non-refundable.
3. Extra service charge
Clarify with the storage facility representative if they are charging customers for every extra service being asked from them. For example, if the customer asks the personnel to make rounds and check for his unit or if the customer requests for assistance during his visit.
So these are just a few red flags that you should check and be aware of. One key note, too avoid these traps is to thoroughly read the contract. Patiently reading it will help you from falling into the trap. Lastly, there's no harm in asking questions, if in doubt, always opt to contact the storage company to get a direct answer.
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