The AI-native platform for self-storage operators. Everything you need to operate, grow, and delight.
New York, NY
Joined November 2021
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- Following187
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Cubby retweeted
Grateful for this one. @CubbyStorage published a case study on my company.
We moved 42 locations at once. It was scary. Our team made it work, and today 77% of our phone leads turn into rentals.
Thank you to our team and the Cubby crew.
cubbystorage.com/clients/on-…
Cubby retweeted
We pulled 9,500 rent increases across our storage portfolio and tracked who moved out within 90 days.
The size of the increase didn't matter. How long they'd been renting did.
Move-out rate by increase size:
Under 8%: 7.5%
8 to 12%: 8.0%
12 to 18%: 7.0%
18%+: 8.4%
Basically flat.
Move-out rate by tenure:
Under 1 year: 12.2%
1 to 2 years: 11.7%
2 to 4 years: 8.3%
4+ years: 5.1%
Tenants under a year who got a small bump left at 15%.
Tenants over 4 years who got 18%+ left at 5.9%.
Build your ECRI schedule around tenure first. The percentage is the second question.
Cubby retweeted
One person. 40+ locations. Zero accounting nightmares.
Jill Cooper runs On Track Storage's books by herself, leveraging the power of @DualEntry + @CubbyStorage
Welcome to the era of the 'Department of One'.
Cubby retweeted
My uncles in bulge bracket DCM told me to never put money off the table once @GoldmanSachs goes in. Congrats to @CubbyStorage team and shoutout to @benjirosenblatt for the huge win!
Cubby retweeted
Turns out you can more accurately compare REIT managed storage units to non-REIT units if you apply a $/SqFt discount, expressed in the graph below.
Note spikes at ($0.10) & ($0.25). Perhaps a rule of thumb REITs are using. Thought this was interesting. 🧐🤓
Cubby retweeted
Something really, really special is happening at @CubbyStorage right now. 2024 is going to be interesting 👀