Stable and secure, but long term vision is shortsighted - Anonymous employee Extra Space Storage Employee Review

3.0
30 Jun 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Extra Space is a stable company that was in the right place at the right time during the recession and has an economic rent in the short to medium term within the industry. That is, the company bought assets in limited supply at a favorable price and doesn't have to work that hard to do reasonably well. This makes for a fairly stable place to work where long hours are not generally the norm, but compensation generally matches this. There are certainly exceptions where compensation and payrates are more competitive.

Cons

The company talks a big game on innovation, but is afraid to really commit and take financial risk on innovative ideas that will be revenue drivers 10 or 20 years out. Even shorter term operational projects end up being a bit hamstrung by resource constraints resulting in sub-optimal results. Career advancement is limited, as a general rule, unless you make the right impression with senior leadership early in your career with the company.

Explore other reviews about Extra Space Storage

5.0
5 Jun 2026
Recommend
CEO approval
Business outlook

Pros

The good points of working for Extra Space these five years is the help and growth management allows me. I enjoy working for Extra Space Storage and i come everyday wit a positive mindset to achieve our company goals.

Cons

Extra Space has trained me to listen and show empathy to our tenants. I do my best to give our tenants great customer service and advice.

3.0
14 May 2026
Recommend
CEO approval
Business outlook

Pros

Solid schedule - 40 hours per week, not expected to be there more than that. No one looking over your shoulder constantly (unless you have a new DM, they can't seem to help it) Mostly great people to work with Local, immediate management does care and are helpful.

Cons

Very large rate increases really upset customers and that's just too bad. We are given word to tell them but it just isn't true. Putting more money in stock holder's pockets is the bottom line and it doesn't matter how much anger we have to deal with. You are absolutely expected to sell insurance to every renter. However, you must be careful because you aren't "insurance salesmen". You get a ding when you don't sell it. We are encouraged to use evasive language and rush through it so the renter thinks it's required without quite saying so. You would think this large of a corporation would have handymen available but it is so, so difficult to get the smallest repair done due to getting bids from vendors, turning them in, reminding the person you turned them in to what needs done maybe getting approval, then scheduling. By that time lights (or whatever) have been out for a month or 2. Benefits are very expensive and cover so little.

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