Advanced
Revenue Management

Advance Revenue Management

The primary goal of any revenue management is selling the right product to the right client at the right moment at the right price via the right distribution channel with the best cost efficiency.

Revenue management allows self storage operators to adopt a data-driven approach to decisions on what to sell. It is a way of ensuring that informed decisions are made to drive revenue upwards, while selling the same amount of products and services as before. Revenue management is mostly based on predicting demand and optimising price and availability, in an effort to boost revenue. Revenue management also takes into account all spend revenue per area per unit and also takes into account all other operational costs. This will give operators an even greater insight in the actual performance of their self storage facility.

Self Storage Manager comes with an advanced Revenue Management module that enables self storage operators to fluctuate and adjust their unit rental prices for each site or for multiple locations right from the corporate/central office.​

This feature is based on one of the two primary factors

• Occupancy levels - Auto adjust your pricing based on increasing or decreasing occupancy
• Competitive pricing - Match your competitors' pricing or set to a lower variance ​

Within these two categories there are several different options that can be selected so that the unit rental charges for vacant units can be automatically increased or decreased. Additionally one can also control and determine the specific discount or multiple discounts that can be dynamically applied while renting out the units.

You can also enable and control automatic rental increases for existing tenants based on some key parameters

• Occupancy
• Date of last rental increase
• Variation in the street rate from the current rate