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Storage Auction Secrets

Learn How to Make Money Bidding On Storage Auctions

Storage Business

Storage Facility Auctions- Inside Information

A popular reality TV show has brought an obscure part of the self-storage industry into the spotlight: the auction of storage units. Warehouse auctions used to be a live event where people from all over the world bid to auction off the contents of abandoned warehouses, but now the public finally knows they are real. Japanese television shows "Storage Wars" was running, and self-storage auctions were being rolled out to the public when they aired. [Sources: 3, 5, 10]

In autumn 2010, two new television programs about the self-storage industry, "Storage Wars" and "Auctions Hunters," were released. The reality shows follow people who make money by bidding on storage units that are up for auction. Reality television has made experts in storage auctions stars on shows like "Storage Wars," "The Storage Wars Auctions Hunter" and the reality TV show "Storage Auction Hunters." I've been made aware that I can make money from it and I'm very excited. [Sources: 1, 8, 9, 14]

Making money from storage unit auctions is hard work, but as a buyer you also have to have a bit of the riverboat mentality. Buying items from the auction of abandoned storage units is a bit like hunting for treasure, and if you're not careful, you can get stuck with a lot of garbage and lose a lot of money. If you gain experience and start building relationships with other people who can help you sell the items you find, it's a great way to earn a solid extra income. [Sources: 1, 8]

To find the nearest location to see if there are current or upcoming storage auctions, send an email to gmail.com. You can also determine the distance to a self-storage facility if you are within the travel time, so you only have two or three days to empty the device before you win. If you call our auction hotline (1 - 828 - 333 - 4580) or fill in our contact form "Add to auction" you can be sure that you will be informed immediately after today's start of bidding and can bid online for as little as $1,000 per unit or up to 10% of the auction price. [Sources: 5, 7, 9]

To find out the next auction date and time, sign up for the Warning for the Stock Auction by e-mail or subscribe to our auction calendar, which is updated regularly. All auction sites for storage units will offer different quantities of units and lots at each auction. To view upcoming auctions, you can search by unit, lot, unit type, price, location, date and auction number. [Sources: 3, 13]

Such auctions can be held in the US, Canada, Australia, New Zealand, the UK and other parts of Europe and Asia. [Sources: 4]

The Storage Treasures website lists auction dates, times and locations and details on how to bid on the bids. Potential bidders should contact the warehouse to find out how many units are being auctioned. Before the auction of the storage units begins, the auctioneer of the mini-storage auctions has the possibility to go through the conditions of the storage units for the auction. The stock auction site will inform the newspaper (usually there will be an advertisement in a newspaper) when the auctions are taking place. [Sources: 1, 2, 6, 13]

With the recent popularity of stock auctions, there are also several websites dedicated to unit auctions, including StorageAuctions.com, where you can search for auctions online and even bid on the stock units. Storage facilities can streamline their auction process by listing their inventory in a variety of ways, including online, in-store, online or in person. Many self-storage companies require successful auction bidders to return to their offices. Find storage space, auction the best storage unit and reach a loyal audience of bidders. [Sources: 6, 10, 11]

Depending on the law of the country, tenants have 30 to 90 days to pay all they owe to the warehouse or to avoid the auction. Many states have imposed eviction moratoriums, which may or may not apply to storage auctions. If an operator has a reason to hold an auction, the listing is often limited in time and the buyer can claim the property within the time frame set by the self-storage facilities. Although some institutions are only required to publish a list of upcoming stock auctions in a local publication, sometimes entries for stock sales can be difficult to find. [Sources: 0, 2, 9, 12]

Fortunately, there are steps you can take to avoid your belongings being auctioned off to public storage units. Keep your belongings safe from unit auctions by choosing a storage option like Bargain Storage that offers automatic payments and online records. [Sources: 5]

When a storage device or location is abandoned, an online auction is held on their website. Post your device on the website with the date and time of your next planned stock auction and the auction location. [Sources: 3]

If you are in the market to sell a device such as a storage device, computer or other items, you can consider online self-storage auctions as one of the best sources of goods. A self-storage auction can be a great opportunity for business owners who sell second-hand goods to purchase items for practically a penny on the wholesale dollar. While most bidders buy to sell at a profit, stock auctions are often open to the general public. [Sources: 2, 13]

Sources:

[0]: https://www.radiusplus.com/post/storage-auctions-take-pause-as-coronavirus-rages-on

[1]: https://www.sidehustlenation.com/storage-unit-auctions/

[2]: https://www.storagefront.com/storagetips/self-storage-auctions/about-self-storage-auctions/

[3]: https://www.moveitstorage.com/company-info/upcoming-auctions

[4]: https://www.nolo.com/legal-encyclopedia/my-storage-facility-threatening-sell-stuff-what-should-i.html

[5]: https://bargainstorage.com/blog/fact-or-fiction-debunking-storage-unit-auction-myths

[6]: https://smallbusiness.chron.com/storage-unit-auction-work-12985.html

[7]: https://www.compassselfstorage.com/events-auctions/

[8]: https://www.moneycrashers.com/make-money-public-storage-unit-auctions/

[9]: https://www.newswire.com/storage-auctions-and-storage-unit/119596

[10]: http://www.txssa.org/Online/Blog/Legal/Everything-To-Know-About-Online-Auctions.aspx

[11]: https://www.publicstorage.com/blog/storage/how-storage-auctions-work

[12]: https://www.sparefoot.com/self-storage/blog/7206-storage-auction-myths/

[13]: https://www.boxngo.com/self-storage-unit-auctions/

[14]: https://en.wikipedia.org/wiki/Self_storage



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