I am just getting started in researching self storage, but I wanted to know if there are any safeguards a self storage owner/operator can have to protect them in case a tenant stores anything illegal in their storage unit (explosives, drugs, dead bodies, etc.). I mean, you aren't allowed to go in their units, so how would you know even if they did?
Any of you self storage owners out there have any thoughts on this? Are you protected by having them sign a form acknowledging that they can't store any illegal items?
Your typical self storage lease will have them acknowledge that they can't do illegal activity or keep illegal items, but obviously you can't 100% prevent that.
Your lease is what protects you from liability. Your fears are understandable but not well founded here @Chip Stroz ! Proceed into this awesome industry without worry!
@Paul Moore Thank You! I will be attending Scott Meyers Self Storage Academy in Orlando next month, and I am very excited to learn more, and then implement what I've learned!