Self storage auctions are very different from any other type of auction. They are not as formal as other types of auctions such as government auctions or postal auctions, Instead of holding up a sign when you want to bid you will be expected to say aloud your bid amounts until the highest bidder wins out. There are auctions in every town in the US each and every month. When someone rents a storage unit and they default on the payment terms the storage facility will auction off the entire contents of the unit.
A typical auction lasts about an hour that is unless there are multiple storage facilities to travel to. To find these auctions you will want to look at the newspaper or call the local self storage facilities. Another option is to go to google and type in your city and state and the word storage unit auctions. You will find a list of auctions coming up in your area. Various facilities hold auctions on a standard month but most have and auction when they have multiple units that have defaulted.
Once the auction begins people will gather around the first unit to be auctioned off. The auctioneer will have someone cut the lock and the door will be opened. You will not be allowed to go inside the unit you can only look inside. When you look inside you will need to think about the items you see. What is the resell value of the items that you can see ? When you find a unit worth buying you will need padlocks so that you can lock up your unit and move on to the next unit to be auctioned off.
When you get to the auctions you will need your picture ID or drivers license to register to bid. You will need to sign a list of rules. The rules may differ from auction to auction. Make sure the when you go to the auction you understand all the rules in that are involved.
Make sure that you are prepared before you go to an auction. It is a good idea to have someone go with you so that you don’t have to load everything up alone. There have been hidden treasures found in these units so it is very possible the great treasure is found will be found by you. If you are a person who loves surprises and you are willing to get your hands dirty then storage auctions can be a lucrative second income ! You will find things want to keep or collect and sell and make some serious money in the process. Self storage auctions are a modern day treasure hunt ! Good luck and happy bidding !
David Lee Johnson has been making a full time income with self storage auctions for over 10 years. The second auction he attended he watched a guy win a unit for $300.00 dollars once he got inside he pulled out a lot of boxes. Once he started to go through them he realized that he had a brand new never put together Harley Davidson. This is the moment he realized that you never know what you can find in one of these units.
StoreRight Self Storage works with Storage Protection Auctions Services; www.auctionstorage.com
Please visit the site for upcoming auction dates for all of StoreRight Self Storage facilities.
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