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OnDemand Course

Best Practices in the Management of Self Storage Units

Understand the laws, procedures and policies that apply to the self storage industry.

Self storage is a specialized real estate service that covers more than 2.3 billion square feet in rentable space and creates a combined industry annual revenue of more than thirty-eight billion dollars. For such a relatively young real estate business, self-storage remains one of the strongest sectors in real estate and has matured to the point that most facilities operate using state of the art management software and upgraded technology to run their facilities. But self storage is also a regulated industry, governed by both state and federal laws which impact their operations, the enforceability of their rights when their tenants default and how tenant claims for property loss or damage may be resolved. As a result, it is important for everyone involved in the industry to be aware of the laws, procedures and policies that should apply to their businesses as well as the recommended 'best practices' to utilize when situations arise. Therefore, this material and the information to be shared applies to developers, facility owners, property managers, brokers, insurers, attorneys and other real estate professionals who are involved in or want to learn more about the self storage industry.

Runtime: 92 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Self-Storage Business and How It Compares to Garages and Warehouses

Essential Elements of a Self-Storage Rental Agreement

Laws That Directly Impact the Operations of Facilities

  • ADA
  • Use of Electronic Signatures
  • The Right to E-Mail Notices
  • The Right to Conduct On-Line Lien Sales

The Role of Tenant Insurance in Responding to Tenant Claims for Loss or Damage

Strategies for Rent Collection to Avoid the Lien Sale Process

The Statutory Procedures for Handling Tenant Payment

  • Defaults
  • Abandonment

Managing Privacy Rights in the Disposal of Personal and Business Property

Applying Technology to Increase Profit and Your Return on Investment

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on August 17, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Scott I. Zucker, Esq.

Scott I. Zucker, Esq.

Weissmann Zucker Euster Morochnik & Garber P.C.

  • Founding partner in the Atlanta law firm of Weissmann Zucker Euster Morochnik & Garber P.C. and has been practicing law since 1987
  • Represents self storage owners and managers throughout the country on legal matters including property development, facility construction, lease preparation, employment policies and tenant claims defense
  • Provides, on a consulting basis, advice to self storage companies in the areas of foreclosure and lien sales, premises liability and loss control safeguards
  • Deputy General Counsel to the national Self Storage Association, legal counsel to a number of State self storage associations, a frequent lecturer at national self storage conventions and is a contributing legal writer for trade magazines such as the Mini- Storage Messenger, Inside Self Storage and The Globe
  • Wrote Legal Topics in Self Storage: A Sourcebook for Owners and Managers (First Edition 2000, Second Edition 2018), which is the primary reference guide for self storage owners and managers in the self storage industry
  • Also a partner in the Self Storage Legal Network, a subscription based legal information service for self storage owners and managers affiliated with the national Self Storage Association
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 403935
Published 2018
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