Posts by Alden Chang

Tenant Inc., a leader in self storage technology, has developed an integration with Veritec Solutions to give self storage operators access to powerful pricing analytics tools that optimize revenue generation for their properties. Known for powering the self-storage industry’s “Value Pricing”, the Veritec Self Storage Revenue Management System (VRMS) enables …

Forecasting demand is a key element of getting your price right to generate greater revenues and profits. But where to start? And how should the forecasts be used? For many self-storage stores, there is a surprising amount of “periodicity” and regularity in the way that move-ins occur during each month. Even without sophisticated methods, you…

In a past blog, Key Performance Indicators (KPIs), we highlighted an example where a self-storage operator experienced relatively stable occupancy for the past 18 months. We highlighted several core KPI’s of especially strong interest based on revenue per square foot. Revenue per square foot (when based on total square feet of a facility) is often…