April 14, 2022
Auto-Protect

Store owner experiences 497% increase in annual tenant protection revenue

SafeLease Tenant Protection Case Study
Click image to download
SUCCESS STORY

Self-storage owner switches to SafeLease, experiences 497% increase in annual tenant protection revenue

PRE-SAFELEASE

A self-storage owner was dissatisfied with the low tenant participation and minimal revenue share from their existing tenant protection partner. The East Coast facility had 2217 units, but only 560 tenants enrolled.

THE SAFELEASE SOLUTION

The owner canceled its existing protection program and made the switch to SafeLease. On February 1, 2022, the store launched SafeLease Tenant Protection with Auto-Protect™ enabled.

Auto-Protect automatically enrolls tenants without proof of private insurance in a minimum-coverage protection plan. This ensures 100% of tenants have protection for their stored items.

The SafeLease partner success team guided the store through each step of the transition including:
• SafeLease configuration with their management software
• Updating the lease addendum
• Sending clear tenant communications
• Training store managers, and more.

POST-SAFELEASE

Just 30 days after the SafeLease launch, enrollment increased by 239%. The store’s tenant protection revenue grew more than 6X to $16,000 per month/$191,000 per year.

SafeLease Tenant Protection Revenue Growth
SafeLease 30-day performance with Auto-Protect

Ready to maximize revenue for your property? Contact us today.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.