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.

Self Storage Legislation Update Part 3: New Changes to Lien Laws

Self Storage Legislation Update Part 3 | OpenTech Alliance

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: Changes to Your Self Storage Lien Laws

How will storage auctions online change with these new storage lien laws in select states? Read more below | OpenTech Alliance

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.