Storage unit deposits

[Jared Pfaff]

I will be taking over about 240 storage units in about 6 weeks. The current owner have not charge any deposits and currently allow the tenants to either pay by credit card, EFT, cash, or check. I know most of the other storage units around the area require a credit card so they don't have to deal with people paying late. They base their payments off of automatic so they aren't tracking payments down. What are you options of the best way to structure this? I want to have a plan in place before taking them over so everyone gets the same information and is the same.