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“We have had an 80% improvement in our lien loss recovery. People who are not doing auctions with StorageTreasures online auctions are missing out…big time!”
—Hank Thomas, Graham Investments
Reduce liability, save time and resources, receive professional reviews, access ancillary services (VIN and military searches) and ongoing lien enforcement training with our online self storage auction review service.
ARS is a StorageTreasures add-on that reviews your lien files for potential liability. Check out this step-by-step walkthrough to learn how the service works, how it can help you reduce risk and save resources, and how you can get started today in a few easy steps.
A StorageTreasures.com add-on service to have your lien files reviewed for accuracy and legality by trained professionals. Our experienced team lead by licensed auctioneers will act as a safeguard to ensure your files are in accordance with your state’s lien laws.
It’s simple! Upload the corresponding lien file when posting your storage auction(s) online. Then an ARS team member will review your lien sale documents and provide feedback.
Start Posting Your Delinquent Units!
You manage online storage auctions the same way you manage a traditional storage lien sale — with a few minor exceptions. To get started, register your facility on StorageTreasure.com or contact your Business Development Manager to set up your account. Follow the timeline dictated by your state’s lien laws, prepare your lien documents, and set your auction date to fall on the date of sale. Check your self storage lien laws to see if you can run your ad in any commercially reasonable manner to see if your online auction listing can serve as your public notice. Review this and other best practice tips in the Storage Treasures Help Center to learn how to get the highest return from your online storage auctions.
Operators report several benefits from switching from live to online storage auctions, including higher sale prices, greater lien loss recovery and a streamlined auction process. Review industry case studies, ancillary services and additional benefits and features here.
Each state’s storage lien laws are different. Make sure you review the laws for your state before you get started. Then, prepare your lien documents, include your Notice of Lien and any supporting information or searches. Subscribe to our Auctioneer Webinar Series for invites to monthly sessions to help you avoid common storage auction mistakes, or catch up on past episodes today.
If you have several auctions each month, new team members or just want a second set of eyes-on, consider adding OpenTech’s Auction Review Service (ARS) to your account for added protection. A StorageTreasures add-on, ARS provides professional reviews, ongoing training and monetary support in the event of errors. Easy to manage from your StorageTreasures dashboard, you will simply navigate to the tab labeled ‘Draft Auctions’ and upload your lien file(s) when you create your auction listing. Our team will review your files to ensure they’re compliant with the storage lien laws of your state. You can view the progress of your files on your online dashboard and see what files have been approved or rejected.
If all of your files have been approved, then you’re good to go! For more details or to get started, visit us here.
Yes. Before you get started listing your units with StorageTreasures, please check out recent changes to self storage lien laws in Alabama, Kansas, and Virginia here, and Arkansas, Utah, North Dakota and Kentucky here. For all other states and for more information, please visit the storage auctions help center here.
How do you manage delinquent storage units? StorageTreasures online storage auctions can help you attract bidders, recover delinquent rental costs, access the largest bidder base in the self-storage industry and receive assistance from licensed auctioneers on lien laws. Check out our page for more details.