Getting a shed back after a customer default is one of the toughest parts of the rent-to-own business. The faster and cleaner you can do it, the better off you are and the fewer headaches you create. Of course, you want to work with your customers on getting their accounts[Read More…]
Nick Garrard
RTO Advertising Statutes
Let’s talk about rent-to-own advertising statutes, which are often overlooked but have recently come into the compliance crosshairs. You already know that when you begin operations in a new state, you should verify that your lease contract complies with that state’s requirements. This is one thing that seems to come[Read More…]
Rent-to-Own Sheds: Bridging the Backyard Storage Gap
As the general counsel for NSRA, I’ve spent a lot of time telling companies, and anyone else who will listen, that rent-to-own is not a bad word. Rent-to-own isn’t just about selling sheds; it’s about providing flexibility, affordability, and empowerment to customers who might otherwise go without. And when we[Read More…]
Bankruptcy 101
Rent-to-own customer bankruptcy can catch even the most experienced shed sales operators off guard. Picture this: Your new rent-to-own company is thriving. Business is strong, customers are satisfied, and operations are running smoothly. Then one day, you open your mailbox to find a notice of bankruptcy from a reliable customer[Read More…]
Early Purchase Options
I spend a lot of my practice helping companies review their lease agreements and update their procedures in order to stay compliant with the applicable statutes and case law. This process is not foolproof, and no lease agreement ever written can stop you from being targeted by disgruntled customers or[Read More…]