Storable Reports On Its Self-Storage Impact in 2024

Posted by MSM on Dec 17, 2024 12:30:00 PM

Property management software company Storable, which is tailored for the self-storage, marine, and RV & camping industries, has shared key milestones highlighting the growing adoption of technology solutions throughout 2024.

"[Our] data reveals unprecedented momentum in digital transformation, with owners and operators increasingly leveraging automation and cloud-based tools to drive operational efficiency and enhance customer experience," states a press release.

Strategic Growth Initiatives

2024 marked a year of strategic expansion for Storable as the company addressed the evolving needs of property operators:

Integration of StorageAuctions.com, creating an end-to-end delinquency management solution for self-storage
Acquisition of Newbook, establishing a foundation in specialized hospitality technology with Storable RV & Camping
Enhancement of Storable Marine operations through Molo and Stellar platforms

"The remarkable growth and adoption we've seen across the company in 2024 demonstrates how technology is fundamentally transforming these industries," said Chuck Gordon, CEO of Storable. "As we continue to expand our platform and innovate across self-storage, marine, and RV & camping sectors, we're committed to leading the next wave of property management software that will define these markets in 2025 and beyond."

2024 Self-Storage Innovation & Impact

Key highlights of Storable's impact in 2024 from the new press release include:

Facility Management Software:

Powered 10+ million storage units
Processed 82+ million tenant payments
Facilitated 4 million move-ins

Performance Metrics:

Automated collections saving 35,000+ hours of time
Recovered $312 Million in revenue through streamlined collections

Marine Sector Growth:

Processed 300,000+ annual IMS transactions
Managed 17,000+ rental units
Reduced operator call volume by approximately 80%
Streamlined operations through pricing, centralized accounting, and mobile applications

RV & Camping Advancement

Booked over 6.9 Million guests
Sent 16 Million emails and SMS messages through Newbook enhancing communication
Processed 217,000 add-on bookings (+29% YoY), including equipment rentals and facility amenities, enabling streamlined guest experiences

Looking Forward

According to the Storable press release, the company expects the coming year to bring continued investment in AI and automation capabilities across Storable, aimed at helping operators streamline daily operations and deliver exceptional customer experiences.