Built for self-storage
Self-Storage Underwriting Software
Self-storage rewards operators who read the unit mix and the difference between filled units and collected dollars. RVP Underwriter does both.
Where storage deals go wrong
Storage looks simple and is not. Physical occupancy can read 90% while economic occupancy sits far lower, because of concessions, delinquency, and below-market legacy rates a new owner can raise. Expense ratios are genuinely low, which makes an understated one easy to miss, and the value often lives in rate management the seller never did.
How RVP Underwriter handles it
- Builds income from the unit mix and computes economic occupancy from collected income, not just the count of filled units.
- Sanity-checks the expense ratio against the asset, so an artificially lean number is flagged.
- Normalizes management, taxes at reassessment, and a realistic reserve for a mostly-passive asset.
- Prices the offer structures and quantifies the upside from bringing rates to market.
What you get
A normalized NOI, a verdict, three offers, and the Dealmaker suite with the pre-populated Excel model. Compare quickly with the cap rate and cash-on-cash calculators.
The whole workflow, in about two minutes
Drop the offering memorandum, T-12, and rent roll into RVP Underwriter. It reads them, rebuilds the NOI, verifies occupancy, researches your county's taxes and insurance, prices three offer structures, and generates the report suite including the pre-populated Excel model. Start free.
Questions
Does it use physical or economic occupancy?
Economic occupancy, computed from collected income over gross potential, because filled units at a discount or in delinquency do not pay like filled units at market. It keeps the physical figure alongside it for context.
Also for
RVP Underwriter underwrites income property across asset types. See who it is for, the features, or just run your deal free.