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Recent News from IVR Technology Group
The self-storage industry made over 27 billion in America last year. However, about 155,000 storage units went to auction because renters didn’t pay their monthly dues on time.
While popular shows like Storage Wars and Auction Hunters have glamorized storage unit auctions and made them seem excessively profitable, that’s not reality.
In fact, for most self-storage business owners, public auctions are only used as a last resort to recoup a portion of unpaid bills. Most owners don’t enjoy auctioning off their renters’ belongings to the highest bidder; they’d rather have the renter just pay their bill so they don’t end up eating the cost of unpaid rent.read more
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