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 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.
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.
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.
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.
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.
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.