Prorize Blog

November 3, 2021

AI-Powered Revenue Management

Artificial Intelligence (AI) is transforming the decision-making process across multiple industries including self-storage. For self-storage operators, AI will dramatically impact the revenue management process and how you forecast demand and set prices. Read the recent Inside Self Storage article by Prorize CEO, Ahmet Kuyumcu, to learn more about AI and the self storage industry.
May 19, 2021

Three Ways to Evaluate Raising Existing Customer Rates

If there is one industry that has withstood, even excelled under pandemic conditions, it’s self-storage. Operators are experiencing record occupancy levels due to disruption driven by multiple economic factors. This includes employees working from home and needing home office space; businesses having to make room for social distance requirements; and unfortunately, many companies going under and needing somewhere to store equipment, fixtures, and other furnishings.
August 1, 2019

Revenue Management: A Business Discipline, Not A Project

Everyone does pricing. Some do it by intuition, others do it in a more sophisticated way. Every seller knows that you want the price to be just right – not so high that you put off potential buyers, not so low..
January 31, 2019

The end of bargaining

The near universal adoption of RM in rent-driven industries is an inevitable outcome – all noteworthy operators will either adapt to RM or end up being purchased by others who do...
May 9, 2018

Revenue Management Takes the Guess Work out of Setting Prices

Self-storage operators face many challenges to ensure profitability, and no process is more foundational than the method an operator uses to make pricing decisions...
April 15, 2018

A Pricing Revolution

In 2011, we received a call from Holiday Retirement (Holiday) to create a revolution in pricing for senior living industry. Holiday is the second-largest senior-housing operator in the US…
September 12, 2017

Prorize Provides Elite Revenue Management
Tools For Operators of Any Size

Given today’s highly competitive self-storage market, is there any concept more important to operators than having the right rent for the right unit type at the right time?...
June 1, 2017

Holiday Retirement and Prorize receive Edelman Award

Senior living communities firm wins “Super Bowl of O.R.” thanks to revenue management, unique application, benefit to residents. Given today’s hyper competitive economy…
April 4, 2017

Holiday increases revenue from new leases

What started around 2011 as an effort to find a better way to establish appropriate unit rents has led Lake Oswego, OR-based Holiday Retirement to consistently realizing a 10%...
May 16, 2016

Georgia Tech Analytics Buzz: Using Data to Improve Pricing Decisions

In this episode, Ahmet will discuss such topics as:

  • Learn how pricing practices are happening now
  • How analytics can help improve the pricing process
  • Types of data used to create pricing models
  • Benefits of using data to develop pricing models