Extra Space Storage Adds 1,000 Additional Facilities to OpenTech Auction Review Service to Uphold Auction Process Standards Following 50% Overnight Portfolio Growth

Extra Space expands online auction services with Auction Review Service to reduce lien sale risk

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.

Secrets to Auction Success: You CAN Recover More from Your Self Storage Lien Sales

Auction Data on Laptop with Gavel

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.

Storage Operator Invests in Kiosks to Safeguard Operation Long-Term

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OpenTech Alliance has partnered with Maryland-based Self Storage Services, Inc. over the past 10 years to ensure they’re always open for business. The product that has proven vital to their operations during the current pandemic, and one they anticipate will be key to future success, are OpenTech’s INSOMNIACTM self-service kiosks.