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Self Storage is a relatively easy to manage business with very few risks. Absent are all the liabilities that are present when renting to tenants that put you at risk, and potentially expose you to a myriad of lawsuits. However, there are a few pitfalls within Self Storage that you need to be mindful of. Over the next few weeks, I’ll be covering the top 4 areas that can land you in hot water, and how to avoid them. In this week’s video, I’ll discuss the importance of following the letter of the law as it pertains to the Storage Lien and Sale Procedures. The Self Storage Auction season is in full swing, and with ever increasing crowds, it’s important to be certain that you are conducting your sales as outlined in your state’s guidelines for doing so. And as always, we encourage you to please post your own comments, tips, and experiences with others in the community on how you handle the process in your Self Storage Business.
