Ahmet Kuyumcu, Ph.D.’s Post

In the #selfstorage business, increasing the bottom line is paramount. While cutting costs and improving efficiencies help, no area impacts the bottom line more than pricing, and technology outperforms even the most skilled team. As one Prorize client puts it, “It has made us millions.” Listen to learn more. Brian Byrd David Decker https://lnkd.in/eVmdbaJG

Revenue management (RM) offers a unique advantage for self-storage operators in an industry that often lags in technology adoption. Implementing RM immediately sets you apart, driving efficiency gains and providing unparalleled business visibility. With Prorize, you gain not only AI-powered technology but also a world-class team that integrates seamlessly with yours. Don’t just take our word for it—hear from our satisfied clients. #selfstorage #revenuemanagement https://lnkd.in/e2NaQXTK

While historical data is an important component of pricing, forecasting is the game-changer when it comes to maximizing revenue. Prorize’s revenue management is founded on the principle of AI forecasting to predict move-ins, move-outs, expected length of stay, and a customer’s willingness to pay. Hear from our VP of Products to learn more. #selfstorage #revenuemanagement #forecasting #pricing https://ow.ly/zagz50RxuN9

Navigating existing customer rate increases (ECRIs) can feel like a tightrope walk for self-storage operators, balancing the need for occupancy with the drive for revenue. But do you have to choose one over the other? Discover in our latest video how our customers are using Prorize's revenue management technology to strategically manage ECRIs with confidence. #revenuemanagement #selfstorage #pricing #ECRIs https://ow.ly/TlEr50RlNwS

Challenged to find a solution for underperforming self storage properties? Relying on gut instincts isn't enough. Discover how Prorize significantly increased street rates and ECRI revenues, transforming struggling properties into successes. Hear from Cliff Hite, President of The Space Shop Self Storage, as he shares our impactful journey together. #selfstorage #revenuemanagement #AI #pricing https://ow.ly/hVY850R6uiF

Self storage operators often give undue weight to the rates of nearby competitors, leading to a damaging “race to the bottom”. Blindly adhering to this strategy erodes revenue and ignores your unique business characteristics and significant internal demand trends. Hear from Prorize’s VP of Customer Success and a top client to learn why leveraging your data is crucial for success in competitive self storage markets. #RevenueManagement #SelfStorage #BusinessStrategy #CompetitorAnalysis #AI #realestate #reit #pricingscience Amber Hyde Brian Byrd https://ow.ly/FljE50QWeBa