NBSRA Articles
Relationships are the Key to Success
The National Barn and Storage Rental Association (NBSRA) is gearing up for its 10th Annual Conference. This year’s event will be held in Fort Worth, Texas, at the Worthington Renaissance Hotel just steps away from beautiful Sundance Square in downtown [...]
Taking Charge of the RTO Narrative
The term “rent-to-own” can conjure a variety of thoughts as different as each individual. What do your dealers think of when you say rent-to-own? What do your customers think of when you say rent-to-own? What do your friends and family [...]
The True Value of a Dollar
Humans are complex organisms, yet we can usually be described in one word when discussing the world of business: motivated. There are many factors that drive a person’s motivation to stand out among the crowd. Wealth, recognition, knowledge, and honor [...]
RTO: Helping Customers Avoid Debt
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 [...]
LDW: What it Stands for and What it Means for Your Customers
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 [...]
NBSRA 9th 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 [...]
Customer Reserve Accounts: A Solution to the “Down Payment” Problem
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 [...]
NBSRA Makes Recent Market Report for RTO Available
“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 [...]
Why Rent to Own?
Is Rent-to-Own a sound sales tool for the shed builder? The answer is clearly, Yes! It is true that Rent-to-Own contracts require some extra time and effort, but it is also true that increased sales and customer satisfaction more than [...]
When Can My Customer Return or Refuse Their Shed?
A question we are frequently asked is when sheds can be returned under the Consumer Protection Act (CPA). There are a number of sections in the Consumer Protection Act that allow consumers to return a shed to the suppliers, but [...]
Consumer Protection for the Rent-to-Own Shed Consumer
Barn and shed companies that offer rent-to-own on sheds, gazebos, and other backyard products are commonplace in many communities. Most of these businesses offer low monthly payments and the option to purchase the product at the end of the contract [...]
The Benefits of Offering Rent to Own to Your Customers
I remember reading several years ago that over 70 percent of Americans have less than $700 available cash. Consider the implications for you if this figure is even remotely accurate. What is the price of your average shed? $2,500 to [...]
How To Choose the Best RTO Provider
Previously we have covered benefits of offering RTO to your customers, how to best market RTO, and consumer protection laws. Now let’s consider some factors that go into choosing an RTO provider for your business. Over the last 20 years, [...]
How Secure is Your Company Data?
Very likely you are thinking, “Please don’t throw me more stuff to keep after, I already have more than I can efficiently handle, and by the way I’m a barn manufacturing company and you’re asking me about data security?” Yes, [...]
Generation of Renters are Here to Stay
The tendency of millennials to rent instead of buy is turning the retail industry upside down. And the shed industry is no exception. The rent tendency brought on by the millennials has impacted older generation buyers as well. The large [...]
RTO Myths & Misconceptions
Rent to Own (RTO) is probably one of the most misunderstood aspects of what we do in this industry, but we would like to show you why it is good for business. From being confused with financing, to wondering why [...]
Boost Your Bottom Line as a Shed Manufacturer
Shed builders across America have all experienced the same thing over the last decade. There have been increased labor costs, increased competition, permitting issues, the economy’s ebb and flow, and for many small manufacturers, the pains of growing your business. [...]
How is Your Company Being Represented?
We as a nation live in a day and age where online transactions are the norm—face to face interactions have become few and far between. People have become dependent on their smart phones and tablets for purchasing, selling, and all [...]
The Importance of Well Trained RTO Staff
“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 [...]
Benchmarking within the Shed RTO Industry
“ 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 [...]
Key Roles in Public Opinion of RTO
They say a picture is worth a thousand words, so would that mean a compelling narrative is priceless? Everyone has a narrative, each individual company, all the way to the all-inclusive industry level. Who developed your narrative and how are [...]
A Landowner’s Permission Smooths the Way
“What we hope to do with ease, we must first learn to do with diligence.” – Samuel Johnson. This principle holds true in all aspects of life, but can be particularly important in business practices. As we discussed in the [...]
Get It in Writing
How many times in business have you heard the saying “verbal agreements work fine – until they don’t”? Simple fact of the matter is things can and will go wrong in business. Conditions change for a number of reasons and [...]
Take a peak behind the curtain at Rent-to-own’s voice of reason.
Regardless, Winn doesn't like the idea of an article all about him. He much prefers to be the man behind the curtain, twisting knobs and pulling levers to make rent-to-own go. But the difference between Winn and L. Frank Baum's [...]
How to Choose the Best RTO Provider
Many of these RTO providers started small and grew rapidly, creating a concern for the industry. Being busy and growing by leaps and bounds, these firms had no time to pay attention to legal issues. They abided by no common [...]
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