By Markus Hecker
In the face of a new economy and changing demographics, self-storage operators continue to modernize their systems to improve profit. New technologies have made Web-based management software mainstream.
But facility owners don’t just replace standalone Windows programs with Web-based ones for the sake of technology. Well-designed Web software costs less to own and will grow revenue. Web systems exchange critical information such as pricing, unit availability and payments with other platforms including self-storage directory websites, kiosks and call centers in real time. Newer, more powerful databases collect and analyze additional marketing data that can result in better advertising. Enhanced reporting also shows when to offer discounts—and when to skip them—to greatly impact revenue.
Web-based software systems can also offer a two-way flow of information to a facility’s website, listing services and call center to capture every lead and calculate closing ratios. Payments, reservations and even move-ins on a facility’s website are all the rage, and not just with younger clients. Shifting demographics show consumers often bypass phone directories to research and buy products online.
Self-storage owners who seek to replace their Windows-based software program should realize not all Web-based management systems work the same way; they differ in design and capabilities. While Web systems allow access any time and anywhere, smart design can lower the cost of ownership significantly because owners spend less on hardware and maintenance.
For example, a program hosted in a data center eliminates the owner’s cost on servers, networking, backups and program updates. The program’s architecture will determine speed, reliability and up-time. It pays to shop and compare because Web systems vary in look, feel and function.
If user-friendly design and rock-solid architecture are the foundation of a Web-based program, integration with other services may be its greatest possibility. To connect and exchange data with other vendors such as insurance companies and call centers, programs often use APIs, or application programming interfaces. APIs allow other platforms to share the data entered into the management program.
Let’s look at the most important features of Web-based software that helps self-storage operators come out ahead.
Newer, more powerful programming tools and databases of Web-based management systems can be connected to a facility website, allowing tenants to create accounts, and view their balances and payment history. Customers can pay rent online or opt for recurring billing by credit card or ACH/bank draft. Online management allows a facility to accept payments around the clock, and eliminates tenant trips to the office just to pay. Today, most customers expect to manage their account and even reserve units online.
Reservations and rentals also increase when tenants see pricing, availability and specials on a facility’s website. Web-based systems share data in real time, reflecting every change at the facility and eliminating the need for manually posting or uploading of pricing and availability. Many operators have found rentals increase as tenants see the value of online account management and renting. Owners should expect a free e-commerce module with their Web-based management software.
Lowering Credit Card Fees
Automatic credit card billing at the facility level and on the facility’s website has long been a staple to collecting self-storage rent. To lower credit card fees, more owners offer their tenants ACH or bank draft as an alternative to automatically processing credit cards. Monthly savings in credit card fees add up quickly.