Rent-to-own News

Rent-to-own News - NEW VIDEOS: TRIB Group buying show enters final day

August 31, 2011

 

TRIB Group President Lyn Leach interviewed Tuesday by APRO's Murlin Evans. Watch video.

The rent to own industry's longest standing buying  group -- TRIB Group -- entered the first day of the buying show portion of its annual "Meeting of the Minds" event Tuesday at Caesar's Palace, Las Vegas, after a candid day of roundtable discussions legislative updates and on the heels of a pre-show HotShow that exceeded $6.6 million in purchases the night before.

 

TRIB Group Executive Director Dennis Shields attributed the robust bidding and record breaking attendance to the unique blend of street smarts and fellowship culture that defines the country's only member-owned, member-run buying group for the rental industry.

 

"People are realizing the value of belonging to TRIB and taking advantage of the hundreds of years of experience these independent operators have," Shields said. "That and co-locating with BrandSource's second buying show makes for an opportunity that can't be passed up.

 

APRO Executive Director Bill Keese opened TRIB's  "session 2" Meeting of the Minds with a frank discussion of the industry's legislative progress. Keese expressed optimism at the industry's progress in the U.S. House of Representatives and the positive outcome of the industry's first hearing this summer.

 

"Even our detractors are finally now acknowledging that our transaction is not a credit sale, but a lease and that in and of itself is a huge accomplishment and due in no small part to the perserverence and tenacity of many people here in this room over the years. People like Wayne Chambers, Terry Beville and Kevin Quinn, industry leaders who were proactive and took the lead. Without them, and the leadership of others here, it is unlikely any of us would still be in business. APRO and TRIB have a long  standing symbiotic relationship."

 

More than 84 rental companies from across the country were in attendance at the meeting and show in Las Vegas and were represented by close to 250 owners, dealers managers and family.

 

The group's HotShow totals surpassed TRIB Group's HotShow last August by more than two million.

 

The buying show portion of the meeting continues through Wednesday.

 

See photos from the HotShow and Meeting of the Minds Event here.

 

Watch HD interviews with leading rent to own independent dealers and attending vendors here. 

 

Bob Lawrence, BrandSource CEO

 

Mike Tissot, APRO/TRIB Boardmember

 

Jim Thompson, Serta

 

Albert Kohut, ColorTyme VP of Operations

 

Todd Homberger, Buddy's Director of Franchising

 

Susan Matthews, Benefit Marketing Solutions

 

John Spangle, Partners Rent to Own, Rent-n-Roll

 

Gary Ferriman, Showplace Rent-to-Own

 

Chris Bolin, Bolin Rental Purchase

 

Dennis Shields, TRIB Group Executive Director

 

Ernie Lewallen, UHR Rents/Rent-n-Roll

 

Rita Haney, Protect-A-Bed

 

Jamie Slatton, Buddy's

 

Shannon Strunk, Babers, Rent-n-Roll

 

New vendor Tom Wallich, Franklin Corporation

 

Mark Reopelle, Quality Rentals

 

Don Wilson, Whirlpool Corporation

 

Lyn Leach, TRIB Group President

 

 

 

 

About APRO
The Association of Progressive Rental Organizations is the official voice of the rent-to-own industry and the most accurate and trustworthy source of rent-to-own news in the industry. Founded in 1980, APRO is the national, nonprofit trade association advocating and representing the rent-to-own industry before the U.S. Congress, state legislatures, courts, media and the public.

For more information, visit www.rtohq.org.




2012 APRO Convention and Trade Show

July 24-26, Memphis, TN

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RTOHQ: The Magazine
RTOHQ: The Magazine is the Association of Progressive Rental Organizations' award-winning rent-to-own industry magazine, and it's available here.

CLICK HERE FOR OUR DIGITAL RTOHQ: THE MAGAZINE

 

RTOHQ: The Magazine’s upgraded digital format

APRO's new, mobile-ready magazine is now available in addition to our print edition. The digital format provides the same informative content as our printed magazine, but also offers tools to make the reading experience more enriching. Access the table of contents page with one click or tap. Get additional information from advertisers by clicking on the links in their ads. The interface is easy to navigate and requires no special app—read our magazine on your computer, digital table or smartphone. Click here to access the digital version of RTOHQ: The Magazine March-April 2012.

 

 

A New Rent-to-Own Experience

by Neil Ferguson

Here’s the lowdown on APRO’s 2012 Convention and Trade Show, July 24-26 in Memphis. The RTO industry’s big event will offer many valuable experiences, including insights on how to turn your stores into “experiences”–the good kind for consumers

 

Who Is Your Competition?

by Bill Keese

In order to expand your customer base, you can learn a lot by observing your competitors. But first, you need to figure out just who they are. If you think your only competition is the rent-to-own store down the street, you’re not considering the bigger picture. APRO’s executive director offers a big-picture perspective.

 

A Review of Online Customer Complaints

by Ed Winn III

While rent-to-own companies have not cornered the market on negative reviews posted on consumer complaint websites, it’s no surprise that there are cyberspace beefs against RTO. APRO’s general counsel reviews some of them in search of a pattern and he considers appropriate response to online complaints.

 

Rent-to-Own Families, Part VIII

by Kristen Card

Our series of family-run rent-to-own businesses continues with profiles of the Homeiers in Kansas and two Texas-based sets of kindred colleagues, the Spangles and the Weisblatts.

 

 

Future issues of APRO's magazine will be available in this same new format. Click here to access past issues that are not yet archived in the new interface.

 

Association of Progressive Rental Organizations
1504 Robin Hood Trail
Austin, Texas 78703
800/204-2776, ext. 103
Fax 512/794-0097