The Revenue Boosting Power of Automating Self-Storage Collections
There are two main ways that you can boost revenue during lean times: increasing efficiency and maximizing revenue per tenant. In this blog post we will discuss one strategy that accomplishes both of these: automating the collection process.
The Storage Monitor: Average Storage Rates Reach 3-Year Low
The average price of a self-storage unit was $88.93 in October, according to SpareFoot reservation data. That’s the lowest monthly storage price since June of 2020. Take a look at key industry data to see what's causing the drop in this month's Storage Monitor.
Business Solutionist
8moGreat article! The revenue-boosting potential of automating self-storage collections is a game-changer in navigating the changing dynamics of the industry. The strategies outlined to reduce delinquency, automate workflows, utilize multiple communication channels, and drive auto-pay enrollment are key for operators seeking growth. Well done!