ith over 100 years of excellence in technology solutions globally and just a little over two years working within the self-storage industry in America, Vantiva has created an all-in-one platform and many solutions for problems self-storage operators have been struggling with for years.
Thomas Grant, vice president of IoT sales at Vantiva, who has been working in the technology realm for the past 25 years, with a focus on multifamily technology solutions, joined the company in their new endeavor to bring superior technological solutions to the self-storage space. “This is a new area for me,” he says. “I think it’s exciting and interesting [to realize] both the similarities and the differences in the industries.”
Working within the self-storage sector, he has found the industry to be a fascinating and perfect match for his experience. “The industry is almost a mix of retail and multifamily. There’s this aspect of having web or walk-up traffic coming to you, and you must try to convert it into a rental. That’s very retail-esque in terms of [the industry’s] approach. I have worked with some operators in the past year that analyze traffic and try to understand customers’ behavior,” he says. “But there is also the multifamily kind of property management approach, for instance when handling leases, getting folks to lease, how to manage rent increases, and all of the pieces that come along with managing a rental property tie into this with, of course, some unique aspects to it.”
“I feel like the space is on the cusp of making that leap in a very aggressive and meaningful way into technology,” he says, “the same way that multifamily did like 10 years ago. Technology has the opportunity to transform this industry, not only for the operators and owners of these facilities but [also] for their renters and customers alike, especially as we start to see demographics in the millennial and Gen Z groups, as they are very comfortable with and expect technology. So, it is incoming upon anybody serving those demographics to offer solutions that meet those expectations and needs.”
Thinking of that, the company recently released a fully integrated camera called Vantiva Peek, their new effort in furthering smart units in the self-storage business that allows customers of self-storage facilities to take a quick look into their units and belongings whenever they want directly from an app on their phones. The product came to be after a self-conducted survey found customers mostly stopped by facilities to check on their stuff, instead of bringing in more items or picking them up. “The idea [for the product] came from a home automation background,” he says, “and thinking about how people think about their belongings overall. Self-storage, from our perspective, is an extension of our homes. As homes continue to get smaller, and our belongings seem to increase, it creates the situation of being cramped for space. This means the things being put into self-storage are meaningful, not junk. They are either valuable monetarily or sentimentally, and people want to make sure they are secure, and that they can keep an eye on them.”
Since its release in July earlier this year, the Vantiva Peek has had an overwhelming response. The market seems incredibly excited, but this doesn’t come as a surprise, as the product is equipped with motion detection, night vision, two-plus years battery life, a built-in magnet for mounting, and configurable image capturing, as well as temperature and humidity sensors. The latter comes with a setup that allows facilities the ability to not disclose the information with customers, avoiding a situation of consternation and concern while still providing a handy service that gives the facility the ability to spot mold and infiltration before it becomes a problem.
Grant goes on to say, “What we are learning in the [self-storage] space is that different operators have different objectives; and while all of them are valid cases for our solution overall, they start from different points. At some point, they might end up with the same types of solutions, but we want to make sure we are designing a system that meets the needs of the operators at the point and time in which they need it.”
While Vantiva provides a hassle-free, all-in-one platform to businesses that can evolve as they grow with the intent of a more technological self-storage industry tomorrow, Grant mentions that many companies are still at the starting line, and the most common solution for most facilities looking to develop technologically is site-wide connectivity.
“It’s foundational. You have to connect to do reporting and analytics,” he says. “It’s a means to a larger end, which ultimately is the company’s objective, whether it is energy management concerns, predictive maintenance, or enhancing safety and security.”