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bcollett
bcollett
Junior Member
Last Activity: 13th May 2018, 04:29 PM
Joined: 15th March 2018
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  • bcollett
    started a topic Lockout Question

    Lockout Question

    We are in Indiana an have been locking out on 7th. But today I was reading the Indiana law (bad idea) and it says:

    IC 26-3-8-12 Enforcement of owner's lien; notice; towing of motor vehicle or watercraft
    Sec. 12 (a) After a renter has been id default continuously for at lest thirty...
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  • bcollett
    replied to Ownership Transition Month
    I agree we need to make getting paid as easy as possible! We are afraid that a drop box just invites folks to break into to see what's in it. Without an office a mountable drop box has to go into a unit. Taking a unit off line and, as we all know, units are not that hard to break into. Is there...
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  • bcollett
    replied to Ownership Transition Month
    We have all the usual options just not a drop box. I didn't want to go though the pain/cost on installing one on the location. Thanks for the advice. We do not have a sign up at the facility with the payment directions. I just made sign at Banners on the Cheap to hang at the location....
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  • bcollett
    started a topic Ownership Transition Month

    Ownership Transition Month

    Hi Everyone,

    We purchased 3 facilities in Indiana on April 26th, none of the facilities have an office onsite. The previous owner had the renters drop off payments at his car wash nearby. We did not buy the car wash so the renters need to be retrained to send their payments to a PO Box....
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  • bcollett
    replied to Late Fees, When and How Much
    I'm in Indiana. From your guys advice I'm sticking with the $25 on the 7th. Thanks!!!
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  • bcollett
    started a topic Late Fees, When and How Much

    Late Fees, When and How Much

    Hi Everyone,

    I was wondering what the you guys are charging for a late fee and when are you posting it. We just bought 3 facilities and the previous owner was posting late fees on the 7th and charging $25. I think the timing is a little fast and a amount is a little high. But I wanted...
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  • bcollett
    replied to Abandoned and Locked
    I'm a math/stats person and the stats person in me says the chances of these types of folks coming back on me with a law suit is very, very low. Kinda like getting hit be lightning.

    Since I don't spend a lot of time worrying about getting hit by lightning, why should I worry about these...
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  • bcollett
    replied to Rental Rates
    I'm new to this game. I was thinking about changing rates yearly. I was thinking changing the street price in April-May and catching everyone else up in November-December (to cold to move out ) How does this sound, is there a better months?
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