A critical component of any self-storage facility’s success, collections should be consistent, fair and easy to execute. A self-storage operator’s collection process should adhere to city and state laws, and managers should have a full understanding of all auction and lien statutes. A good self-storage collections procedure helps managers more efficiently and successfully recover rent from past-due tenants and adds facility revenue.
Resolving Self-Storage Defaults and Avoiding Lien Sales
There are now 48 states (plus the District of Columbia) with self-storage lien laws that entitle the storage operator to sell a tenant’s goods at a public sale when rent is not paid. However, a lien sale should always be considered the remedy of last resort. ...More
Self-Storage Sale and Disposal: Know the Law Before Acting
Consumer-protection statutes are in place to guard people from the misrepresentation of goods and services and unfair collections practices. A self-storage owner’s right to lien, seize, sell and dispose of property belonging to delinquent tenants must be considered well ...More
Legal Learning: Handling Self-Storage Collections
Jeffrey Greenberger discusses the various consequences self-storage owners can serve delinquent tenants, weighing out the pros and cons of evictions, collections and lien sales. ...More