This week’s video marks part four of my legal pitfall advice series. Now on the plate is how to deal with class action law suits. Although it may sound boring now, these types of legal trouble are one of the main profit cutting factors in self storage. One of the biggest issues here are late fees and how they are handled – whether in flat fees or percentages. States have laws outlying percentage rates, ratios, and more; following these rules precisely will help keep you out of hot water.
Following late fee laws, along with others can help keep your hard-earned money in your pocket the next time a class action lawsuit comes along.
Check out the video below (along with the rest of the series) to keep yourself informed on self storage legality issues.