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Growing Occupancy from 32.6% to 75% Through Remote Management

How Self Storage Admin converted an underperforming acquisition into a smart, remotely operated facility — growing Storelocal Walla Walla from approximately 32.6% occupancy to 75%, modernizing its access infrastructure, and moving the property from breakeven to meaningful positive monthly NOI within roughly one year.

Property
Storelocal Walla Walla
Market
Walla Walla
Strategy
Remote Management & Lease-Up
32.6% → 75%
Occupancy growth
+23%
Gross income growth (H1 2026)
-$0 → $5,421
Monthly NOI (Jan→Jun 2026)
100%
Remotely managed

Results at a Glance

From 32.6% occupancy to 75% — operated 100% remotely.

Storelocal Walla Walla was acquired at approximately 32.6% occupancy in July 2025. Within roughly one year, SSA grew occupancy to 75%, modernized the property's access infrastructure, reduced promotional dependency, and moved the facility from approximately breakeven monthly NOI to meaningful positive NOI — while operating 100% remotely.

~32.6%

Occupancy at acquisition

~75%

Occupancy achieved

+42 pts

Occupancy gained

+13.0%

Rental income (H1 2026)

+22.9%

Gross income (H1 2026)

~30%

Tenant protection income growth

-$86 → +$5,421

Monthly NOI

-35%

Advertising expense

$0

Discounts Apr–Jun 2026

The Challenge

More than two-thirds of the inventory was vacant — and the property wasn't built for remote operation.

At acquisition, the facility lacked much of the infrastructure necessary to support remote operations. Traditional locks created friction around rentals, access and property management, while weak marketing limited the number of prospective tenants entering the leasing funnel.

The challenge was larger than simply increasing occupancy. SSA needed to rebuild demand, modernize the property's technology, establish a lease-up pricing strategy, and build an operating model capable of managing the facility remotely.

The objective was not simply to reduce overhead. It was to prove that a smaller self-storage facility could be professionally managed remotely — while still generating demand, converting tenants, increasing occupancy, optimizing revenue, and improving its NOI trajectory.

  • What SSA needed to do

  • Generate substantially more local demand
  • Create a better rental and access experience
  • Modernize the property's technology
  • Establish pricing for lease-up
  • Reduce reliance on concessions
  • Implement existing-customer revenue management
  • Build a remote operating model

The Strategy

Convert the property into a smart facility — then run it remotely.

SSA upgraded Walla Walla's technology, rebuilt local demand generation, implemented disciplined lease-up pricing, and transitioned the facility into a smart-storage operating model managed entirely through centralized resources.

Tenant Inc. Hummingbird

Property management, online rentals, payments and tenant workflows — providing the centralized visibility and customer workflows required to operate remotely.

Nokē Smart Entry

Smart locks and access technology replacing traditional locks — enabling an automated, contactless rental and access experience that reduces dependence on an onsite manager.

Veritec Revenue Management

Competitive pricing intelligence and revenue management — allowing SSA to actively manage lease-up pricing and transition toward existing-customer revenue optimization.

FacilIQ

Facility management and operational visibility — identifying, assigning, tracking and resolving property issues without a dedicated onsite manager.

Storelocal.com

The property's digital rental experience and online presence, supporting online visibility and conversions within the Storelocal ecosystem.

One of the most important changes was replacing the property's traditional lock system with Nokē Smart Entry. That created a more automated rental and access experience while reducing the operational dependence on an onsite manager.

With occupancy at only 32.6%, SSA focused heavily on Every Door Direct Mail and local outreach to build awareness and generate demand — marketing activity that needed to translate into actual rentals, not just website traffic.

During lease-up, SSA used aggressive pricing and a first-month-free promotion to reduce friction and accelerate absorption. As occupancy strengthened, the property became less dependent on concessions — discounts and promotions totaled more than $1,000 per month during portions of Q1 2026 before falling to $0 in April, May, and June.

Walla Walla also participates in SSA's existing-customer revenue management program, with tenant rents generally reviewed for increases approximately twice per year when appropriate — creating a deliberate progression: acquire the tenant, build occupancy, reduce concessions, and optimize in-place revenue.

Pricing actively managed via

  • Unit-type occupancy
  • Available inventory
  • Rental velocity
  • Competitive pricing
  • Current demand
  • Existing in-place rents

Remote Operations

Remote does not mean passive.

Walla Walla is managed 100% remotely, using technology and centralized SSA resources rather than a traditional full-time onsite management structure. For smaller self-storage facilities, the economics of a dedicated onsite manager can materially affect NOI.

Lead response & rentals

Centralized

Pricing & promotions

Managed via Veritec

Customer communication

Centralized teams

Access

Managed digitally via Nokē

Maintenance

Coordinated remotely via FacilIQ

Property performance

Monitored through centralized reporting

SSA's remote-management platform provides the systems, visibility, pricing discipline, customer workflows, and facility oversight necessary to operate these properties more efficiently — while still maintaining an active lease-up and revenue-management strategy.

The Results

Occupancy up, revenue up, NOI positive — remotely.

Since acquisition in July 2025, occupancy increased from approximately 32.6% to 75% — a gain of more than 42 percentage points — while the property moved from approximately breakeven monthly NOI to meaningful positive NOI, operated 100% remotely.

The financial results during the first half of 2026 demonstrate the progression. From January through June, rental income increased 13.0%, from approximately $23,261 to $26,274 per month, while gross income increased 22.9%, from approximately $24,870 to $30,557 per month.

Monthly NOI improved from approximately -$86 to +$5,421. Tenant protection income increased approximately 30%, and advertising expense decreased approximately 35%. Discounts and promotions declined to $0 for April, May, and June.

The improvement in monthly NOI between January and June represents approximately $66,000 in additional annualized NOI run rate.

First-half 2026 financials

+13.0%

Rental income

+22.9%

Gross income

-$86 → +$5,421

Monthly NOI

~30%

Tenant protection income growth

-35%

Advertising expense

$0

Discounts Apr–Jun 2026

The Takeaway

Remote management can support active, profitable lease-up.

Storelocal Walla Walla demonstrates that remote management does not have to mean passive management. Within approximately one year of acquisition, SSA increased occupancy from 32.6% to 75%, modernized the access infrastructure, reduced promotional dependency, increased revenue, and moved the facility from approximately breakeven monthly NOI to meaningful positive NOI — while operating 100% remotely.

As labor costs increase and technology continues to improve, remote management will become an increasingly important operating model — particularly for smaller self-storage facilities where the cost of a traditional onsite manager can materially affect property economics.

SSA has built the technology, revenue-management processes, and centralized operating infrastructure to support that transition.

32.6% → 75% occupancy. 23% gross income growth. Breakeven → $5,400+ monthly NOI. 100% remotely managed.

Remote management. Active revenue strategy. Measurable results.

Occupancy at acquisition
~32.6%
Occupancy achieved
~75%
Occupancy gained
+42 percentage points
Rental income (H1 2026)
+13.0%
Gross income (H1 2026)
+22.9%
Monthly NOI (Jan → Jun 2026)
-$86 → +$5,421
Tenant protection income
~+30%
Advertising expense
-35%
Discounts & promotions (Apr–Jun)
$0
Access system
Converted to Nokē Smart Entry
Operating model
100% remote
Additional annualized NOI run rate
~$66,000

Evaluating Your Current Management Structure?

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