Tenant

Tenant Inc. is a rapidly growing, self-storage technology company with a reputation for operator-first innovation, deep industry integration, and robust SaaS products. Below is a comprehensive breakdown of the company background and market position.

Tenant Inc. is a proptech software company based in Newport Beach, California, specializing in cloud-based, open platforms for self-storage and real estate—modernizing workflows, tenant experiences, and business analytics across over 1,000 facilities globally. Tenant’s leadership is composed of industry veterans and technologists, including CEO & Founder Lance Watkins, President Brad Jarvis, and CRO Bruce Heverly.

Founded in 2019 by self-storage professionals frustrated with legacy software restrictions, Tenant Inc. was conceived to empower operators with modern, customizable tools and true operational freedom. Key milestones include:

• Expansion to a team of 140+ globally.​

   

• Growing the client base to more than 1,000 facilities and over 1,300 Storelocal membership subscribers.​

   

• Cultivating a strategic investor network primarily composed of storage operators and growing revenue to over $23M annually.

• Tenant Inc. completed three seed funding rounds, including an oversubscribed round in August 2023 that secured over $25 million—supporting growth and platform expansion.​

   

• Most funds are sourced from storage industry investors and facility owners, evidencing high operator trust and deep alignment with customer needs rather than traditional venture capital.​

Tenant’s integrated ecosystem includes:

• Mariposa: Modern, SEO-optimized self-storage e-commerce websites.

   

• Hummingbird: Comprehensive property management software for automation, billing, maintenance, delinquency, and more.

   

• Nectar: “Data Connector” that enables open integrations and seamless transactions between software, third-party vendors, and hardware.

   

• Storelocal: Subscription-based membership network for operators.​

   

Key platform highlights:

• Full-featured automation for tasks like billing, rent management, delinquency, and auctions.

   

• Advanced analytics and a dedicated data warehouse for actionable business intelligence.

   

• Open platform, robust API, and integrations with a wide variety of third-party tools.

   

• Operator-centric data ownership/portability, scalable user and location management, and mobile-first design.​

Recent platform updates include:

• Enhanced Mobile Manager for remote and offline property maintenance and delinquency workflows.

   

• Activity Tracker for comprehensive audit trails and system security.

   

• Improved Tenant Ledger and exportable financial reporting tools.

   

• Advanced quoting and communication tools for faster lease conversions.

   

• More flexible and prorated billing/service upgrades.

The core mission is to give control, choice, and data sovereignty to storage operators, inspired by industry frustration with closed, restrictive legacy providers. Tenant promotes open platforms, customer-driven innovation, radical transparency, and a collaborative, evangelizing leadership style. The team values proactive education, empowerment, and strong operator communities.

• Tenant’s primary market is self-storage operators seeking comprehensive SaaS solutions.

   

• Noteworthy clients include Smartlock Storage, A-1 Self Storage, StorPlace, Derrel’s Mini Storage, Platinum Storage Group, and many smaller independent facilities.​

   

• Strong user engagement is reflected in the thriving Storelocal network and in continuing investment from operators.