White Label Storage Launches Solution for Delinquent Payments
Managing accounts receivable is a critical aspect of self-storage operations. When tenants fall behind on payments, facilities face increasing risks of revenue loss and the time consuming and unprofitable auction process.
But following up with delinquent tenants is also time consuming and costly for owners. Building emails, sending them to the right people, and resolving each tenant’s balance keeps operators from focusing other parts of the business.
White Label Storage is always working on new ways to help self storage facilities run more efficiently and profitably, so they have launched a solution for delinquent payments.
Introducing QuickLink Collections
QuickLink Collections is a new feature built and integrated into White Label Storage’s tenant communications. It searches tenant databases, identifies delinquent accounts, and sends follow up emails and text messages to each tenant.
What’s unique about QuickLink isn’t the automated follow up—most facility management software products already include this feature. The real value lies in its streamlined checkout experience, designed to resemble a modern e-commerce experience.
Instead of requiring tenants to log into their accounts, QuickLink provides a unique link that lets them enter payment details and settle their accounts with a few clicks.
Delinquency can be impossible to reign if it’s not addressed quickly, so eliminating friction is critical to recovering revenue. QuickLink Collections is a tool that does just that.
“We’re focused on making owners’ lives easier and helping their businesses run better. Technology is a fundamental part of how we make that mission a reality,” said Peter Smyth, White Label Storage’s Co-Founder.
“This combination of automation and improved payment experience can help facilities recover more delinquent revenue, avoid going to auction, and maintain occupancy levels.”
Visit the White Label Storage website to learn more about how they help facilities optimize their revenue.
Further Reading:
More Content
Popular Posts
The self storage industry is in a precarious...
Joe Shoen, CEO of U-Haul, has had enough.
Like its name implies, Surprise, Ariz., a...
Self-storage operators wear a lot of hats....
The question of “abandonment” of stored...
In a booming economy, expendable income...
In a record-breaking deal finalized May 12,...
Mother Nature can be a cruel mistress....
Boat and RV storage has morphed and...
Senate Bill 709 (SB709) has many in the...
Recent Posts
The idea of interior design often conjures...
Delinquent tenants are an inevitable part of...
Most leaders don’t ignore change because...
The self-storage sector has experienced a...
After 25 years in self-storage, I’ve seen...
In the early days of self-storage, many...
Brace for impact: starting today, the tax on...