VRMS for Self-Storage
Veritec Solution’s industry leading self-storage revenue management system. Years of price optimization expertise and best practices codified into a simple-to-use cloud solution.
We began working with Veritec Solutions at the beginning of 2022 when we were operating about 60 mature facilities. The start-up process took less than a month with our team seeing benefits right out of the gate. We are thrilled that Veritec Solutions has been able to support our rapid growth, having more than doubled our store count during the year.
VRMS has been incredibly valuable to us in obtaining enhanced revenue and being able to implement different pricing strategies across our varying markets. In addition, their staff have provided outstanding support and insight in helping us manage all aspects of our pricing.
We strongly recommend their services if you are looking to take your operations to the next level.
Stephen Giuffre
Senior Director, Business Operations
Mini Mall Storage
What We Do
Veritec Solutions is based on one fundamental principle: Deliver world-class, practical solutions that best address the decision support needs of our clients. While many firms have adopted a product focus Veritec maintains a customer focus.
Pricing for Self Storage
Veritec Revenue Management System (VRMS) is a powerful pricing solution for the self-storage operator, designed with you and your customers in mind. It is a highly intuitive system that is generally helping self-storage operators achieve annual revenue increases of 9% to 14%, or more.
Our Capabilities
Our capabilities range from general consulting services to comprehensive system development. Most typical is something in between, a solution designed to address the decision support tools and process you need to make better day-to-day and longer-term operational decisions.
HIGHLIGHTS
Veritec Solutions Revolutionizes Self Storage Pricing Practices
Veritec Solutions upends the traditional methods of using "static purchase fences" and restrictions that have enabled a seemingly homogeneous product to be offered to customers at multiple prices.
Case Study: Life Storage
With approximately 500 stores, Uncle Bob’s Self Storage is one of the largest self-storage firms in the United States. In 2009, as a reaction to a severe economic downturn, Uncle Bob’s initiated a variety of programs as they sought new ways to use pricing to drive revenue growth.
Overcoming Base Rate Bias
When it comes to understanding customer needs, we often assume we know more than we do. Common misperceptions in the self-storage industry include: If rents are raised above the street rate, my customers will move out. My competitors are lowering their prices, so I need to lower mine...