Extra Space Storage Adds 1,000 Additional Facilities to OpenTech Auction Review Service to Uphold Auction Process Standards Following 50% Overnight Portfolio Growth
In 2023, the OpenTech Auction Review Service program reviewed lien files for 1,800+ Extra Space Self Storage locations to prevent wrongful lien sales and legal disputes in their online storage auctions on StorageTreasures.com. This was a helpful boon in the REIT’s operations after it grew 1,000 facilities overnight in a recent merger.
OpenTech Alliance Launches Online Storage Auction App for StorageTreasures Bidders
The new StorageTreasures online storage auction app for bidders promises to engage and streamline the online auction experience for storage auction buyers and drive higher lien recovery for operators. The app includes new features for the platform to engage bidders and increase auction participation, such as real-time notifications and enhanced mobile searching.
StorageTreasures Welcomes Red Dot Storage As Exclusive Online Auction Partner
StorageTreasures announced an exclusive partnership with Red Dot Storage as the company’s online auction platform. This strategic shift to StorageTreasures enables Red Dot Storage to boost its lien loss recovery rates, increase auction sales, and reduce delinquent unit cleanout costs.
OpenTech Recruits Top eCommerce Executive to StorageTreasures.com
OpenTech announced the recruitment of top eCommerce executive Amanda Holt as VP of Product for StorageTreasures, the leading online storage auction platform. Holt has been a noteworthy leader in the eCommerce space for over 15 years, with leadership roles at Jobing.com, eBay and more.
New StorageTreasures Unit Liquidation Program Saves Self Storage Operators Estimated $1.4 Million
OpenTech Alliance reported significant cost-savings for operators that have leveraged the new Unit Liquidation Program to clear units that don’t sell on the StorageTreasures online storage auction platform. With estimated standard disposal costs often at $350 or more, the 4,000+ units cleared in the past 10 months equates to an over $1.4 million reduction in costs related to storage unit cleanouts.
OpenTech Reports 60K Auctions in December on StorageTreasures.com
OpenTech Alliance, managing stakeholder of StorageTreasures, announced record auctions results for operators on the online storage auction platform in 2021. The platform hosted a total of 59,672 auctions in December, recording the most auctions ever hosted by storage operators in the site’s 11-year history.
Secrets to Auction Success: You CAN Recover More from Your Self Storage Lien Sales
Get it sold, write off the debt, and move on to more important things. This used to be the only option for self storage lien sales. That is no longer the case with your delinquent units. With the growth of online storage auctions, a wealth of bidder behavior data has revealed proven tactics for greater auction success. You CAN recover more debt from your lien sales if you follow a few simple, data-backed best practices.
Self Storage Legislation Update Part 3: New Changes to Lien Laws
See new changes to self storage legislation in Texas and Louisiana that impact lien laws. Don’t add the liability of a wrongful lien sale to your storage operation. Read the article today to learn what changes have been passed into law and how they will impact your self storage business in 2021 and beyond.
Self Storage Legislation Update Part 2: More Changes to Your Self Storage Lien Laws
Legislative efforts are currently in motion in more than half the nation’s states that may impact self storage lien laws. Stay up-to-date on critical changes that impact your self storage business to avoid the risks associated with a wrongful lien sale. Read more for upcoming changes that will impact operations in Alabama, Kansas and Virgina.
Self Storage Legislation Update: Changes to Your Self Storage Lien Laws
Legislative efforts are currently in motion in 27 states that may impact self storage lien laws. With the risks associated with a wrongful lien sale, it is critical to understand what efforts are in place and how they will impact your self storage business. Read more for upcoming changes that might apply to your state.
How Metro Self Storage Uses Online Storage Auctions & Review Services
StorageTreasures, LLC expanded their relationship with Metro Storage LLC (dba Metro Self Storage) to refine and reduce risk at every stage of the lien sale process. The veteran company has conducted auctions online since 2015 and leveraged an auction review service to minimize lien sale liability for nearly 10 years.
