Let's talk about self storage.

communities_1.jpg
 View Only
Expand all | Collapse all

Storable

  • 1.  Storable

    Posted 09-10-2024 10:39 AM
    We have discovered an issue with Storable and Payrex.  We have no choice of payment processors.
    Payrex specifically was not communicating with the Storable software that ACH payments were returned.
    As a result, the Storable software was never updated and the customer accounts with the failed ACH payments were still showing as current even though they were not.
    Only recently Storable added the capability to see the merchant service fees which also showed us the red flags of failed ACH fees which would have allowed us to go find which ACH failed.

    Storable indicated they have several open tickets.
    This has been going on since we started with Storable Feb. 2023.

    Are you aware of this?  Are you tracking this?  Was this system wide?

    David Fisher
    281-794-2361 (direct)


  • 2.  RE: Storable

    Posted 09-11-2024 12:48 PM
    I have ESS which is also Storable. I just spoke with support and they told me that there is a delay in the process of clearing the ACH payments of 7 to 10 days. I expressed to them that this is unacceptable and needs to be a high priority fix. The more of us that voice our concerns to them I believe the sooner they will address it.







  • 3.  RE: Storable

    Posted 09-11-2024 07:15 PM
    I have heard from many facilities.
    The common theme has been hidden fees, double credit card and ACH fees.
    Britany there as manager for the payment processing group has been not help.
    The consensus s they have no concerns for the small operators.
    That is a bad position as the small operators represent the overwhelming majority of facilities worldwide.

    This goes way back.  The losses to each facility could have huge implications.
    We are researching the number of tenants that may have moved in, had failed ACH payments never caught a
    D moved out.
    The accountants we have used said the reports and backend access to the transactions have been very poor if not impossible to obtain.
    We are taking a deep dive and we will try to determine the financial pact that has caused.
    This could involve thousands of facilities.

    Stay tuned....

    David Fisher
    281-794-2361 (direct)





  • 4.  RE: Storable

    Posted 09-12-2024 06:23 AM
    The fees charged for attempted ACH and then successful ACH payments coupled with the excessive number of days to get $$ deposited were all key factors in my decision of NOT accepting ACH payments period. 
    Being forced to use the provider of software to process Credit card or debit card  payments and waiting 3 days to get paid is punishment enough.
    Their rates are what they say they are and no negotiations. 
    I keep waiting for the class action lawsuit for antitrust. 

    Sent from my Verizon, Samsung Galaxy smartphone
    Get Outlook for Android





  • 5.  RE: Storable

    Posted 09-12-2024 11:34 AM

    RE: CASH DISCOUNT -  I quit taking cash man years ago.  I felt it was too much risk for the manger getting held up.  I had a manager show didnt want to enforce the policy.  I emphatically replied.  If you don't want to enforce the policy, find another job.  We now have 90% on cc payments.  The balance pay with check or money orders. Our cc processing rate in 1.7% through Trinity Merchant services.  



    ------------------------------
    Doug Hunt
    Owner
    Owners Management Company, Inc.
    Lancaster TX
    (214) 742-9499
    ------------------------------



  • 6.  RE: Storable

    Posted 09-12-2024 02:25 PM
    Doug, that is fantastic!  But that is not the point.
    What Tenant Software are you using at your facilitys?

     

     

    David Fisher

    Fisher Global Development

    Group of Companies

    Care to schedule a call?

    (281) 391-2510 o.| (281) 794-2361 c.

    david@fishergloballlc.com

    www.fishergloballlc.com

    15500 Voss Road, Suite 204, Sugar Land, Texas 77498

                       United States Air Force Veteran                                                     Veteran Owned Company                    








  • 7.  RE: Storable

    Posted 09-12-2024 03:58 PM

    Currently using Hummingbird by Tenent.

     

    Douglas Hunt

    Owners Management Co.

    Access Self Storage

    OMC Gate Co.

    3404 N. I-35E

    Lancaster, TX 75134

    Off -214-742-9499

    Cell- 214-236-7474

     






  • 8.  RE: Storable

    Posted 09-23-2024 12:03 PM

    David...how can you tell if fees were doubled or hidden?  Also, we currently had a tenant move in and his payment failed and it showed a zero balance.  I happened to catch it because we are a small facility and just opened this past March and noticed the new RV and checked the account.   I called to ask why it showed a zero balance when his payment had been declined and was told that an invoice is not created until a payment has been made and since his payment had been declined he had no invoice so there is no delinquency, which makes no sense to me.  I was not sent an email about the declined payment either which would have alerted me to his account.  They could not explain why that happened.  If we had a higher occupancy rate or were a larger facility it would be very hard to catch. We use ESS software.



    ------------------------------
    Richard Sage
    Owner
    Canyon Lake Canvas, LLC
    Canyon Lake TX
    (830) 935-2333
    ------------------------------



  • 9.  RE: Storable

    Posted 09-27-2024 10:33 AM

    This is what drives me nuts.  6 attempts made by the automated software within 8 minutes.  5 failed due to "Lack of funds" and I am charged for each attempt.  The 6 time the funds were there.  REALLY?  Or was it failed network / software attempts?  I am thinking the latter and I still get billed for them.

    9/24/2024 11:45AM Payment David b sims 465, 464 $0.00 -0.25 -0.25
    9/24/2024 11:45AM Payment David b sims 465, 464 $0.00 -0.25 -0.25
    9/24/2024 11:47AM Payment David b sims 465, 464 $0.00 -0.25 -0.25
    9/24/2024 11:48AM Payment David b sims 465, 464 $0.00 -0.25 -0.25
    9/24/2024 11:50AM Payment David b sims 465, 464 $0.00 -0.25 -0.25
    9/24/2024 11:53AM Payment David b sims 465, 464 $189.00 -4.9561 184.0439


    ------------------------------
    Thomas Kent
    United Storage of Bowie
    Bowie TX
    (972) 672-2120
    ------------------------------



  • 10.  RE: Storable

    Posted 09-28-2024 11:00 AM
    Thomas,
    What software are you using on this that is creating this issue for you?

     

     

    David Fisher

    Fisher Global Development

    Group of Companies

    Care to schedule a call?

    (281) 391-2510 o.| (281) 794-2361 c.

    david@fishergloballlc.com

    www.fishergloballlc.com

    15500 Voss Road, Suite 204, Sugar Land, Texas 77498

                       United States Air Force Veteran                                                     Veteran Owned Company                    








  • 11.  RE: Storable

    Posted 09-28-2024 11:16 AM
    Easy Storage 

    Sent from my Verizon, Samsung Galaxy smartphone
    Get Outlook for Android





  • 12.  RE: Storable

    Posted 09-29-2024 10:05 AM
    Who has experience with Tenant Inc software?





  • 13.  RE: Storable

    Posted 10-09-2024 03:48 PM

    We have a facility that uses Hummingbird by Tenant Inc., and three that use Sitelink Web Edition. I'm happy to provide the good, bad, and ugly on both of them. I also have slight experience with WebSelfStorage by U-Haul.



    ------------------------------
    Dominic Kickbush
    WF Self Storage, LLC.
    Wichita Falls TX
    (303) 968-5396
    ------------------------------



  • 14.  RE: Storable

    Posted 10-10-2024 08:59 AM
    I would be interested in hearing your analysis. Perhaps others would as well.

    --
    Sincerely,

    Scott Smith | Managing Partner
    Visionary Asset Management, LLC
    Self Storage Investments, Owner/Operator 

                        



     





  • 15.  RE: Storable

    Posted 10-11-2024 08:44 AM

    I'm with Scott.  I would like to hear what you like and don't like about Sitelink and Hummingbird.  A direct message would be fine or post on the TSSA discussion.



    ------------------------------
    Justin Vosburg
    Property & Equipment Supervisor
    Affordable Attic Self Storage
    Harlingen TX
    ------------------------------



  • 16.  RE: Storable

    Posted 10-11-2024 09:36 AM
    I too am interested in your opinion ... Good, bad and ugly.


     

     

    David Fisher

    Fisher Global Development

    Group of Companies

    Care to schedule a call?

    (281) 391-2510 o.| (281) 794-2361 c.

    david@fishergloballlc.com

    www.fishergloballlc.com

    15500 Voss Road, Suite 204, Sugar Land, Texas 77498

                       United States Air Force Veteran                                                     Veteran Owned Company                    








  • 17.  RE: Storable

    Posted 10-15-2024 12:35 PM
    Edited by Dominic Kickbush 10-15-2024 12:35 PM

    Buckle up - this is going to be a lengthy one! I can only speak on Sitelink Web Edition and Hummingbird by Tenant Inc. as I have no experience with Storedge. I'll start with Sitelink Web Edition since most operators have heard of it. I don't have any affiliation with either company - I've just grown frustrated over the years with the lack of technology in self storage.

    Sitelink

    Pros

    It's tried and true. Sitelink has been around for decades and is a staple software in the industry. With that comes excellent third party integration with other vendors and a great tech support infrastructure. I've seen many posts complaining about their support, but I can't stand behind that. Every time one of us calls it only takes a couple of minutes on hold to reach someone. If they are not able to resolve the issue, it's immediately passed to the next level of support and resolved quickly. In a day and age where it takes endless phone trees to finally speak with someone who is on a script, that's pretty good! I've had a few rude interactions with support reps before, but people will be people no matter where you talk to them.

    The program is fairly customizable and you can pretty much do anything you need to. Emails are customizable in RTF or HTML, which is a double edged sword if you don't have familiarity with HTML.

    It's also very reliable. I can't think of a circumstance where the program didn't work. It has an excellent uptime and has very little bugs. You can tell it's been refined over the years to what it's become today.

    Cons

    Sounds great doesn't it? The main issue I have with Sitelink is that it was an excellent software, in 2010... it's become extremely outdated and trying to get it to perform modern workflows requires a bunch of third party integrations, which requires more subscriptions. Workflows are fragmented because of this. If I want to be able to text customers that they have a balance due, I have to subscribe to another service provider that integrates with Sitelink. Properly reversing transactions becomes an exercise in logic, instead of just clicking a button and having the proper authority to do so. 

    Because of its age, it's also dependent on Windows. That might not be a big deal to some people, but my wife and I are both heavy Mac/iPad users and have to subscribe to a Windows 365 virtual computer in order to run the program. They have a browser based version of the program, called myHub, but it's extremely limited in application. For example, I'm not able to send out letters, change settings, perform overlock/reverse overlocks, etc. through myHub.

    Their electronic signature is not mobile friendly. They recently announced an update to their eSign program, but many on the Self Storage Talk forum are reporting that it doesn't work well either and tech support is telling people to revert back to the old one. 70%+ of our online renters are on a mobile device. It should be optimized for mobile. Their online tenant portal is terrible, especially for mobile (unable to update autopay on the mobile version of the site). There are ways around this, namely having a website provider that essentially puts a skin on the user interface, making the UI much more friendly.

    The program has pretty much functioned the same for too long to justify the yearly increases. There is very little development, if any, and it scares me to think it will remain the same in 2030. We live in an age where you can buy a car and finance it completely online. 

    I go to a particular self storage conference every year and talk with many of the vendors to see what's new, what they're working on, and their overall standing in the many options to choose from. I make it a point to stop by the Storable/Sitelink booth and see if they have an update on the EMV chip readers they've been promising for years and years. Each year I speak with them I get the same answer: it's in beta testing and will release in July of 202X. I'm no software engineer, but it can't be THAT groundbreaking to release a payment terminal. What's even more inexcusable is that the justification I received on why all of their users must switch to their in-house payment processing company years ago is so that the chip readers could be released without having to integrate with dozens of payment processing companies. The irony is that EMV chip technology is becoming outdated with tap to pay! I've just become tired of the same old program year after year when consumer behavior has continued to evolve in the online marketplace.

    Hummingbird by Tenant Inc.

    Pros

    It's modern. It can be accessed from any device connected to the internet because it's browser based. Many of the third party integrations you would need to pay for with Sitelink are already built into the software. Two-way texting is built into the program and a subscription to Hummingbird comes with a free subscription to a limited version of Birdeye (reputation/citation management). It has many third party integrations with other vendors as well (access control, call centers, revenue management, you name it). The software is mostly built vertically, meaning the different pieces all lie within Hummingbird. I can completely customize the website, update meta titles and descriptions, photos, colors, promotions etc. all from within the property management software. This leads to my next point - ease of use and automation. It's a bit hard to put into words, so here's a few theoretical use cases.

    Someone walks in and wants to rent a storage unit. You go through the usual information exchange, take a copy of their drivers license, and then you get to the payment. The customer can swipe, insert, or tap their card to pay us. There's no possession of the card by one of our employees. We can then either text or email the contract for signing, or print it out if they prefer a paper copy to read over. 95% of customers are fine doing it on their mobile device because they don't read it anyway. We can also swivel our computer around (touch screen) so that they can sign it on a larger media. It automatically generates the correct contract, autopay authorization if they're on autopay, and the correct insurance sign up form. If they are military, it automatically includes the military addendum. It can do this for businesses and the associated addendum as well. Everything is done for us which minimizes mistakes in the signing process. After a few days, the customer automatically receives a text and email via Birdeye asking them to leave us a review.

    Another example: someone calls over the phone to inquire about a storage unit. They want to rent then and there, but they are out of state and their brother is going to be the one unloading into the storage unit. In Hummingbird, I can make a reservation, which autogenerates a reservation confirmation email (which looks beautiful by the way). There's a link in the email to complete the rental online. The customer is able to pick up where we left off, with all the quoted information/promotions, and rent the unit. Hummingbird also has a built in ability to verify their identity - the customer uploads an image of the front/back of their government issued ID as well as a selfie. With machine learning, the website is able to verify if it's a match and release the gate code to the tenant. If it's not a match (which we've tested ourselves), it completes the rental and has them sign their documents, but it does not release the gate code in the move-in confirmation email and instead prompts the customer to stop by the office for their gate code. This can be configured to where you don't allow online verification and have everyone come in the office as well. Why does this matter? Criminals will rent a unit online under a pseudonym and a prepaid debit card in order to get access to the facility. I read a post from someone in Self Storage Talk talking about this exact thing happening. We continue to believe that identity verification is necessary for online rentals. There are work arounds to this in Sitelink with third party website companies (I believe The Storage Group has identity verification as well), but it requires another third party subscription and another company to work with. Our subscription to Hummingbird comes with a beautiful website - a website that I can make on the fly changes to within Hummingbird.

    And my last example: we had a customer's ACH auto debit bounce back. I received an email three days after the payment was processed notifying me of the bounced eCheck. I then went into Hummingbird begrudgingly to see what I would have to do to tell the program that the payment was bad and then send an email to the customer. To my surprise, it was already taken care of. The payment was automatically reversed, an NSF fee was automatically added to the ledger, and an email was automatically sent out to the customer notifying them of the chargeback. Chef's kiss. In Sitelink, it can take a week to receive that information back and I have to check for chargebacks manually every single day. I don't know if it's been fixed, but reversing the payment and dealing with the notification and fee is another exercise in logic on how to perform it within the outdated software.

    There have also been rumors for some time about a much easier online rental process that will be released sooner or later. I would imagine this would include a shortened rental form, less clicks, and click-wrap document signing instead of an actual eSignature document. All the REIT's have this on their website already for a reason - every step you remove in the rental process has a positive impact on the conversion rate.

    In short, Hummingbird just makes things easier and keeps up with a modernizing self-storage tenant base.

    Cons

    It's a startup software company. This means that small annoying bugs will pop up in rare circumstances that require a call to tech support. Their support team is friendly and competent, but it's not the behemoth that Sitelink/Storable can provide for their three programs. It might take a day or two, but it's eventually resolved.

    A few basic features are also missing as of the time of this writing. We own three facilities in another state which sell tons of merchandise every month. We think it's important to keep an accurate count of our inventory in order to prevent or catch employee theft. Hummingbird does not have a way to track inventory counts at the moment. Last I heard it's going to be released in a software update before the end of the year. There also isn't a way to upload the tenant's ID into a profile picture of sorts. You can scan the ID into the tenant's profile, but it does not show up in a profile picture in the sitemap or tenant profile. These are nitpicky, but it would be nice.

    Hummingbird isn't mobile device friendly. It works really well on my iPad, but it's basically unusable on a mobile phone.

    Summary

    In my opinion, they have a few things basic things Hummingbird by Tenant Inc. needs to add in order to make the software complete. We switched one of our facilities to Hummingbird because we saw the trajectory of where Sitelink was going (flat) and where Hummingbird has been going and wanted to give it a test ride. I think it's really close to being a complete package and is already suitable for pretty much everyone, we just tend to nitpick I suppose. I'd highly encourage everyone to ask for a demo from one of their sales reps.

    I've never used Storedge in a real storage operation, though I've demoed it quite a few times, and it seems like it leans toward something similar to Hummingbird. The reason we haven't pursued Storedge is because we got pretty turned off from the private equity owned Storable umbrella and its continued growing monopoly in the self-storage vendor space. At this point they own the three major property management software, Sparefoot (which competes with our SEO and gets between us and the customer), PTI, a website company, tenant insurance plans, and on and on. We're throwing in with Hummingbird due to the identity verification and are excited with its future promise. A monopolized vendor market for private operators who are already getting hammered with consolidation by the REITs is alarming, to me at least.

    Again, I am not affiliated with either company and have no horse in the race on which company you decide to go with. Choose what you'd like and please update the rest of us on your experience. It's hard to get real user feedback in this space due to self-storage being a niche industry and the more information that's out there the better!




  • 18.  RE: Storable

    Posted 10-15-2024 01:11 PM

    As if on queue, I just received another subscription price increase notice from Storable for the same software we had years ago.




  • 19.  RE: Storable

    Posted 10-15-2024 02:17 PM
    Wow, this is all such great information to help base our decision on. We are new to the storage industry, so you don't always know until you know.  It's good to hear your perspective and I greatly appreciate you reaching out. 

    We are Mac users as well.  The part about hummingbird not being mobile friendly is a little worrisome.  You don't find this being an obstacle for renters though?  Or not significant I guess? 

    Best Regards,







  • 20.  RE: Storable

    Posted 10-15-2024 02:33 PM

    Hi Kathy,

    The mobile friendly part was referring to the property management software. The software is browser based, so if I go to our internal website's URL on my mobile phone to manage the facility, it's really hard to use. The tenant's experience on our actual website to complete rentals, make online payment, etc. is mobile friendly and optimized. If that were not the case we would have definitely steered away from Hummingbird. It's not the end of the world, since most of your work will happen on a computer, laptop, or tablet. But there are times out on the property where it's useful to use your phone to check on a unit really quick.

    I vaguely recall a stat where 60%+ of mobile phone users will back out of a website if it does not load within 3 seconds. Having a mobile friendly and fast website is one of the most important things you should be looking at. Thankfully, we don't have that problem with our site!




  • 21.  RE: Storable

    Posted 10-15-2024 03:41 PM
    Ok, that makes sense.  I was reading all these positives and then came to that part and I was like.....oh whoa.... not sure how that would fly for renters.  

    Thank you for clarifying. 







  • 22.  RE: Storable

    Posted 10-15-2024 10:02 AM

    Hi Dominic.  I am currently deciding between Hummingbird, Easy Storage and StoreEdge.  I'd love to hear your opinion based on experience.  Trying to make a decision this week and this is for a new build, our first facility. 



    ------------------------------
    Kathy Gonzales
    Owner
    Walnut Creek
    Granbury TX
    (469) 853-9096
    ------------------------------



  • 23.  RE: Storable

    Posted 10-23-2024 08:15 AM
    I wanted to follow up on this message. We like ESS and feel like it is easy enough to use, but they are sending out price increase notices on a regular basis. I can think of two in the last year. I don't know about others but I am not able to keep pushing rates in this economy and I feel like expenses are creeping up.

    I just got another notice from ESS yesterday that they are implementing an 8% starting in Jan. I would be curious what type of rate increases the other software platform users are experiencing?

    --
    Sincerely,

    Scott Smith | Managing Partner
    Visionary Asset Management, LLC
    Self Storage Investments, Owner/Operator 

                        



     





  • 24.  RE: Storable

    Posted 10-23-2024 01:02 PM
    I agree with Scott. I like ESS but there are a few things that are troubling. They have raised prices every year since I started with them. When I first started I could choose my merchant services provider but now I don't have that choice. I am forced to use theirs and their ACH length of processing can be a problem.

    I am considering shopping for another software.

    --
    Regards,

    Linda Kaiser
    Arena Properties LLC
    PO Box 642
    Center Point, Texas 78010
    arenastorage49@gmail.com
    htpp://www.arenaselfstorage.com
    830-634-3168





  • 25.  RE: Storable

    Posted 10-13-2024 04:58 PM
    Pros and cons of being with the big company. Limited ability to fix problems. Use the conferences and their booth at the conference to get key people to solve the problem of escalate. It's so frustrating and I'm sorry you're experiencing this. JMc

    ---------------------------------
    John McAfee
    CEO / Owner
    The Storage Place - DFW, Frisco
    Midlothian TX
    (214) 923-0070
    ---------------------------------