Pros and cons of shared storage units

Shared storage units

When you are looking for a storage unit, that can be a problem when it comes to finances. But, maybe you have a friend or a colleague who is in similar trouble. It makes sense that you can team up and rent one of the storage units Lake Worth FL together. It will be very beneficial to your finances to pay just a half or even the third of the monthly rent. Still, using shared storage units isn’t such easy and simple as it may seem. It brings many challenges, so you should really explore all the pros and cons of such an arrangement.

Pros and cons
Weigh all advantages and disadvantages before you make a decision

The pros of renting shared storage units

When you’re in the situation that you need to rent a storage unit, but you don’t have enough funds to do it on your own, sharing a storage unit with somebody can get you out of the financial pickle. If the people that you’re renting a storage unit with are worth your complete trust, this arrangement can be very financially beneficial for all.

The tight budget is the main reason why many are choosing this arrangement. Still, it’s not the only one. For example, if you are moving to another town or county. Any reliable movers Lake Worth FL will advise you to pack fewer things and cut down your moving expenses.

If you have some things that you want to keep, but you don’t have enough storage space in your new home, using shared storage units in your hometown with a trusty friend can be a great solution. You will be paying half of the monthly rent for a storage unit. And he will be checking your things from time to time. It’s a win-win arrangement for both of you.

The cons

It is surprising how a simple thing like sharing a storage unit can jeopardize even the strongest friendship. There are so many scenarios that can happen. Your partner in sharing a storage unit can have some financial troubles and can miss his monthly payment. That means that the burden of rent falls on your shoulders.

Lease of shared storage units
Especially if your name is on the lease of shared storage units

Since most of the storage facilities are renting units to individuals, that means that it will be just one name on the lease. If it’s yours, you will be responsible for the monthly payments. If the parties that you are sharing a storage unit with don’t give you their share of the money, you are still responsible to pay the full amount. In the end, this arrangement that should save you some money can cost you even more.

On the other hand, if your name is not on the lease, you will have limited access to your belongings. Especially if there is only one key per unit. If you pick a few strangers from Craigslist to share storage with, they could be frauds that will take your stuff hostage. If their name is on the lease, legally all things in the storage belong to them.

So, should you use shared storage units?

As always, it all depends on you. If you need to save some money on a long-distance move, then shared storage units are just what you need. But, always make sure that the person who you are sharing the unit with is completely reliable. The last thing you want is to lose your belongings just because you trusted someone you shouldn’t have.

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