Navigating the complicated maze of self-storage legal issues confounds many self-storage managers and owners. With laws and regulations in constant flux, keeping up-to-date with the legal issues surrounding a self-storage business is paramount to its survival. Today’s self-storage managers and owners must deal with a number of legal challenges including lien sales and auctions, abandonment of goods and documents, changes in state legislation, tenant bankruptcy or death, collections, rental agreement validity, protection of tenant information, and the storage of boats, RVs and other vehicles. Operators must understand the lien-sale process and execute it correctly every time to avoid exposure to litigation. Self-storage associations are continually challenging dated city and state laws regarding lien sales, the notification process and other legal concerns to strengthen operator rights.
Competing With Your Own State Goverment?
Many of our readers are following the sticky situation in Idaho, where the state has purchased a self-storage facility as an investment toward an education endowment fund. In addition to the concerns expressed by the national and Idaho Self Storage Associations, operators ...More
1099 Reporting Requirement: A New Compliance Problem for Self-Storage Operators?
The Form 1099 requirement could have two potentially negative impacts on your day-to-day self-storage operation. ...More
Delinquent Self-Storage Tenant Steals Back Car, What Next?
A delinquent self-storage tenant who is storing a couple of cars continually ignores collection attempts until, finally, he returns a call. Using plenty of profanity, he tells the facility manager to "do what you have to do" in regard to his vehicles, as the tenant has no ...More
Inside Self-Storage Releases 2011 Factbook: Industry Compendium of Info
Inside Self-Storage (ISS) has released its 2011 Factbook, a comprehensive collection of articles addressing the complete self-storage experience, from the initial stages of development and finance through the nitty gritty of facility operation. ...More
Amazing Spaces Self-Storage Owners File Malpractice Suit Against Former Law Firm
According to a case filed with the Harris County District Court on Nov. 5, Amazing Spaces, a Texas-based self-storage business with four facilities, is suing its former law firm for malpractice. The plaintiffs, Amazing Spaces founders Scott and Kathy Tautenhahn, allege one ...More
Self-Storage Now Qualifies for Small Business Administration Loans
Finding money to buy or build self-storage has been a challenge in recent years, but the U.S. Small Business Administration (SBA) is providing hope to independent owners and investors. Due to recent changes in the SBA’s loan guidelines for passive-income properties, ...More
California Self Storage Association Hosts Education Event Focusing on New Lien Law
The California Self Storage Association (CSSA) will host a five-hour manager-education event on the state’s new self-storage lien laws, Dec. 2, in Burbank, Calif. ...More
Self Storage Association, Idaho Self Storage Association Oppose State's Purchase and Management of Self-Storage Facility
The national Self Storage Association and the Idaho Self Storage Association have written a letter of opposition to the state of Idaho's recent purchase of a self-storage facility. ...More
Self-Storage Businesses and Government Don't Mix
The recent acquisition of a self-storage facility by the state of Idaho could set a dangerous precedent. Blogger Matthew Van Horn enumerates all the reasons why this is a bad idea for the self-storage industry. ...More
Self-Storage Auctions on the Rise in Maine
Self-storage operators in Portland, Maine, are experiencing an increase in auctions, as homeowners and businesses continue to struggle to make ends meet in today’s tumultuous economy. ...More