With data playing an ever-more vital role in business, self-storage operators are turning to data-driven insights to improve operational efficiency and enhance the tenant experience. Have you ever viewed an airline ticket, closed out of your browser, just to go back later and find the ticket price has increased? It’s frustrating, but no coincidence. Businesses all over, in every industry, are using data to identify critical trends, areas of improvement, and customer behavior to make more informed and accurate business decisions that drive revenue.
There’s an abundance of data made available to self-storage operators through their Property Management Software (PMS). With Data Ownership, you can mine your data and use it to influence your facility’s profitability. This gives you complete access and control over the insights flowing through your business and makes the opportunity for mining value endless.
Your PMS will help you collect relevant self-storage data, such as critical trends, areas of improvement, and customer behavior, which can all be leveraged to make more informed and accurate business decisions. Of course, the more integrated your product ecosystem is, the more insights you’ll have access to and the more granular you can get with revenue management.
The insights you find can be used around your automated storage facility to influence your self-storage revenue in various ways, such as optimizing unit prices, managing occupancy rates, customizing staffing levels, refining operations, and so much more:
The act of collecting self-storage data is simply not enough. Owning your facility’s data and using it to make strategic business decisions that drive your self-storage revenue is the key to running a successful business in today’s market. When the opportunity for mining value is endless, you’ll be sure to maintain a competitive advantage in your market. Stay in control of your facility’s profitability by making data-driven decisions.
Ready to turn your self-storage data into profits? Schedule a demo today!