During the past five years, credit card debt has risen 35 percent. The past year alone reflected an 11 percent rise. It is safe to assume that this trend will continue as we move into 2019. We live in a society where the value of a dollar is going down,[Read More…]
NBSRA Board
LDW
Loss damage waiver, liability damage waiver, damage waiver fee. The names and acronyms may vary, but the concept is uniform within the rent-to-own (RTO) backyard structure industry. It is important as a manufacturer to understand the basics of what LDW is and what it is not from an awareness standpoint.[Read More…]
NBSRA Ninth Annual Conference a Success
The National Barn & Storage Rental Association’s (NBSRA) ninth annual conference was held in Charlotte, North Carolina, on September 5-6. An amazing lineup of speakers presented valuable knowledge to the attendees focusing on creating a culture of caring, outcome drivers and overall best practices for the RTO industry. Each of[Read More…]
Customer Reserve Accounts
Rent-to-own agreements provide a great value for customers by allowing them the flexibility of a monthly contract, which can be terminated at any time by returning the rental property. The entry into a rental agreement is typically fairly low, with no credit checks being a common practice, and low monthly[Read More…]
RTO Metrics Report
“All organizations are perfectly designed to get the results they are now getting. If we want different results, we must change the way we do things.” — Tom Northup, author of Five Hidden Mistakes CEOs Make: How to Unlock the Secrets that Drive Growth and Profitability It is a simple[Read More…]
Due Diligence
This principle from Johnson holds true in all aspects of life, but can be particularly important in business practices. As we discussed in the last issue, there is a high importance on having a complete and accurate set of paperwork between your company’s RTO provider and your customer. We briefly[Read More…]
Get It in Writing
How many times in business have you heard the saying, “Verbal agreements work fine—until they don’t”? The simple fact of the matter is things can and will go wrong in business. Conditions change for a number of reasons and you end up hearing another common phrase in business, “Did you[Read More…]
What’s Your Narrative?
They say a picture is worth a thousand words, so would that mean a compelling narrative is priceless? Everyone has a narrative, from each individual company all the way to the industry level. Who developed your narrative and how are you controlling its power? Was it created by chance through[Read More…]
Benchmarks
“ Without continual growth and progress, such words as improvement, achievement, and success have no meaning,” Benjamin Franklin wrote. How can an industry evolve to complement market trends and gauge its level of success without data to measure? Industry analysis is a much-needed tool that can drive a company’s understanding[Read More…]
Handling Your Opportunities
“It’s not about having the right opportunities. It’s about handling the opportunities right.” Successful author and speaker Mark Hunter hits the nail on the head with this quote about creating sales for your company. The 2016 Shed Builder Survey published in the April/May issue shows that while the majority of[Read More…]
