The most effective way to increase tenant participation and maximize revenue
Requiring coverage of stored belongings is the perfect way to bring value to your tenants and create new revenue channels for your business. There’s just one problem — if the coverage requirement isn’t enforced, and new tenants aren’t continuously enrolled in tenant protection, you’re not getting the full benefit.
Let’s look at an example from a current SafeLease partner operating on the East Coast. They had more than 2200 units with only 560 tenants enrolled in their protection plan. Why the low enrollment? The answer is simple — they weren’t enforcing their tenant insurance requirement.
SafeLease solves this problem by automating tenant protection plan enrollment for new and existing customers. Through automation, our technology eliminates the burden of selling contents coverage to every tenant, allowing your store manager to focus on managing your property.
Here’s how it works
Within 30 days of program activation, our partners have historically seen 80 - 90% enrollment of occupied units.
That’s exactly what happened with the East Coast facility mentioned above. Just 30 days after enforcing the insurance requirement, the property increased program enrollment by 239%. To see how SafeLease helped drive revenue gains for this partner, download the full case study.