PHOENIX, ARIZONA – Jan. 23, 2017
OpenTech Alliance, Inc., a leading technology partner for self-storage operators looking to improve the financial performance of their portfolio through the use of innovative technology, has announced they have made a significant donation to the national Self Storage Association’s legislative fund. The donation was on behalf of StorageTreasures.com, in support of the 2017 plan to update 11 state lien laws to explicitly include online auctions as a recognized method of holding a commercially reasonable lien sale.
StorageTreasures.com is the industry’s leading online auction site with a base of auction buyers larger than all other sites combined. The site was created by veteran self-storage operators and was supported by attorneys from the Self Storage Legal Network – D. Carlos Kaslow and Scott Zucker, all who believed that there had to be a better way to hold self storage lien sales. Their goal was to create a process where operators could expand the audience for lien sales to thousands of buyers and reduce the expense, risk and overhead of holding live auctions at self-storage properties.
According to SSA President & CEO Tim Dietz, “The Self Storage Association annually assesses adjustments to statute that can assist our members keep pace with the evolving practices of our sector. While we believe that online auctions currently represent an acceptable, commercially reasonably lien sale, providing comfort through clarity in laws that govern our industry is just one more way we work to protect our members. We appreciate that OpenTech, a longtime supporter of the SSA, has stepped-up to encourage our efforts,” he said.
“The team at the SSA does a fantastic job of protecting our industry and we are very happy to be able to support them with a meaningful donation. Next year we hope to be supporting a full court press to eliminate the requirement to poste lien notices in newspapers”, commented Robert A. Chiti, OpenTech Alliance President and CEO as well as past member of the SSA Board of Directors.