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Providing individual storage units to tenants is a popular amenity in the city. Extra storage space can also become an additional revenue stream by charging tenants for the use of the storage units. But renting storage units to tenants can also bring added hassles, such as the cost of building the storage units, maintaining them, and billing and collecting money from tenants. Also, if your building has rent-stabilized tenants and you create and rent the storage units yourself, you must worry about the units becoming a required service that you must continue to provide to tenants.
