Self-Storage Talk  

Go Back   Self-Storage Talk > Self-Storage Specialty Forums > Legal Issues
Register FAQ Advertise Newsletter Calendar Webinars ISS Magazine ISS Expo Search Today's Posts Mark Forums Read


Reply
 
LinkBack Thread Tools Display Modes
  #11 (permalink)  
Old 03-05-2008, 03:55 PM
Junior Member
 
Join Date: Jan 2008
Posts: 5
Smile

We have unfortunately had this situation as well. We had the customer present to us the payment arrangement they felt they could make to us for our review which they liked and then we accepted it based on that. We felt they were trying and wanted to make good on their debt and this was one thing that was left in their control. They were finally able to pay the unit in full, minus fees due to the generosity of our owner.
Reply With Quote
  #12 (permalink)  
Old 03-13-2008, 01:23 PM
Junior Member
 
Join Date: Feb 2008
Posts: 2
Thumbs up New here, with some advice

I just took over management at our storage in October. The old managers had been here 20 years and were WAY too "generous" with the customers by always cutting them a break and taking them out of lien for a $50 (or sometimes less) payment. There were some tenants that had not had a $0 balance for over 2 years!!!!! Some of them really did not have the money to pay in full, so I made them a deal that if they kept their account current going forward, and paid at least $20 extra per month to get the balance down, they would not get any more late fees. One lady could only pay $5 extra. She is still paying on it and still owes about $400, but her monthly bill is paid on time, along with the extra little bit.

They are very thankful that I worked with them, and it helped relieve stress on them for not having to worry every month, and me for not having to lien them every Month!
Reply With Quote
  #13 (permalink)  
Old 03-14-2008, 10:55 AM
teri_l's Avatar
Administrator
 
Join Date: Dec 2007
Location: Phoenix, AZ
Posts: 89
Default Right Move

Quote:
Originally Posted by silverpaws1 View Post
I did pull them from the lien sale and made payments arrangements that suited their financial calendar.
Hey Silverpaws1 ... I've been following this conversation, and you did a wonderful thing here. I know a lot of managers struggle with these situations. It's great to have a lien-sale policy on paper, but the reality is storage managers are -- like it or not -- intimately involved in their tenants' lives. You can't always do things "by the book" per se. I think you made the right call.
Reply With Quote
  #14 (permalink)  
Old 03-17-2008, 01:01 PM
Junior Member
 
Join Date: Jan 2008
Location: Michigan
Posts: 20
Default Thank you for your replies

I appreciate your comments and I am happy to say that after 3 weeks of back and forth everything worked out plus we also redid the lease and collected more contact information. It is nice when owners trust your judgement and give you the opportunity to feel good about what you do..Yahoo!
__________________
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -7. The time now is 02:11 PM.

Copyright © 2008 by Virgo Publishing LLC, all rights reserved.
P.O. Box 40079, Phoenix, AZ 85067-0079
Phone: 480-990-1101 - Email: webmaster@vpico.com
Privacy statement Terms of use