| Profiting from Self Storage Auctions | | | | Going Once, Going Twice, Sold! |
| Many people have lost valuable belongings they had in | | | | The self storage auctions usually go fast. The |
| a storing facility. To their dismay, unable to pay the | | | | auctions are open to the general public. The lock is |
| monthly rent, the items were sold. There are two | | | | cut off at the time of the auction. The bidder arrives |
| types of self storage auctions held for unpaid units. | | | | a few minutes early, are allowed to view the items |
| The items are sold by the lot, which will be the entire | | | | from the door, and they place a bid on what they |
| contents of the unit or by the piece. These auctions | | | | can see. Some of the things will not be viewable, so |
| are leading savvy entrepreneurs to profit. | | | | the bid is part guessing and part instinct. The bidding |
| Renters of these units become in default when they | | | | is over within 30 minutes of the auction. |
| do not pay their rent. They are given legal notice | | | | Part of the fun of self storage auctions is the |
| their property will be sold at public auction if | | | | treasure hunt. You could find wonderful treasures or |
| payments are not caught up. If they cannot pay, the | | | | lots of stuff only good enough for the dumpster. If |
| belongings become the property of the facility. Many | | | | you stay at it long enough and are savvy enough |
| are falling behind on their rent due to the tightening | | | | you can make a lot of money and fill your home with |
| of many budgets. Home foreclosures, high gas prices, | | | | treasures. |
| rising food and utility costs are stretching many | | | | You might be surprised at the business equipment |
| budgets beyond their limits. The units are abandoned | | | | you will find. Restaurants store extra cooking supplies |
| when there is no money left over in the budget. | | | | and serving dishes in the units. Automotive repair |
| The contents are sold at auctions to the highest | | | | shops store tools and parts. Carpenters and plumbers |
| bidder who then can do as they wish with the | | | | store tools and supplies. If the business goes |
| belongings. Flea marketers and online auction sellers | | | | bankrupt, moves on or for some other reason they |
| often buy at these store room auctions. They can | | | | do not claim their belongings, they are sold at self |
| then resell the valuables for a profit at consignment | | | | storage auctions . |
| shops, online auctions and rummage sales. | | | | You should be consistent if you are planning on |
| What Treasure Await | | | | earning money with the self storage auctions game. |
| Cherished possessions are often placed in these units. | | | | You will need to attend many auctions to have a |
| Antiques, furniture, family heirlooms and electronics | | | | good chance of bidding on several units. The more |
| along with bicycles, sports equipment, motorcycles | | | | units you bid on the better your chances of finding |
| and seasonal belongings all find their way into self | | | | treasures. |
| storage auctions . | | | | You should have a solid plan for marketing any |
| These units often contain and entire household of | | | | purchasing before bidding. The Internet is one of the |
| items. Sometimes great treasures can be purchased | | | | best ways to sell higher value stuff. Analyze things |
| for very little cost. You might come across old | | | | thoroughly before reselling. A 500 dollar glass vase |
| jewelry or collectible coins dating from early last | | | | can easily be mistaken for 5 dollar junk. Classified ads |
| century. Old vintage games, books, toys, furniture, | | | | in newspapers are good for furniture, appliances and |
| appliances, and decorations can be found in these | | | | other large household goods. Another idea is to start |
| auctions. | | | | a rental business with the used appliances and |
| Clothing, either used or brand new with the tags still | | | | electronics. Instead of having a garage sale or selling |
| attached is often found in these units. You can resell | | | | at flea markets, sell the items in bulk |
| them at consignment shops or online. The clothing | | | | Self storage auctions are a super way to buy used |
| can be sold as scrap fabric for crafters or simply | | | | stuff for pennies on the dollar and resell for a profit. |
| remove trims and buttons and resell them. You might | | | | They are a great resource for selling at online |
| even accumulate enough stuff to open your own | | | | auctions, flea markets and garage sales. Or who |
| second hand store. | | | | knows, maybe even your own resale shop! |