The storage unit company advertises the auction Just go to the home pages of storage unit companies in your area—or check out websites that compile storage unit auctions like StorageAuctions.com and Storage Treasures.
How do I purchase an abandoned storage unit?
Since sorting and selling the items in an abandoned unit is time-intensive, storage facilities simply auction the units off to random buyers. You can find live auctions in your area and attend them in person, or bid online through one of the popular auction sites.
Are storage unit auctions worth it?
Generally speaking, it won’t, Arizona auctioneer Casey Jones said. Like most things, the “reality” you see on Storage Wars doesn’t match what takes place at real-life storage auctions. Still, when understood correctly, storage auctions can be a worthwhile—and even entertaining—way to spend your time.
How do storage lockers get abandoned?
Often, abandonment results from the owner not being able to afford the unit’s rental payments. Once an owner falls behind on paying rent, it can be difficult for them to recover. Therefore, they give up the unit. If this happens, it is up to the facility’s owners to decide what to do with the storage unit.
How do storage locker auctions work?
During a storage unit auction, the belongings of a storage unit are auctioned off to the highest bidder to recoup the loss of rental fees. However, occasionally a storage company will accept sealed bids, whereas bids are placed through a sealed envelope and the highest bidder wins the items.
Do people make money on storage auctions?
Absolutely. Whether you’re the storage owner or a bidder, there is profit to be made on auctions. However, there are some risks. If you’re the owner and are auctioning, you would need to accept a bid high enough to recoup the losses from the previous renter’s failure to make payment.
Is Policeauctions com legit?
PoliceAuction.com is a SCAM. Don’t buy from them. Bidding on items makes the cost of the item higher than it can be found anywhere else. The same items are repeated in other auctions.
Where can I buy from storage locker auctions?
StorageAuctions.com brings local storage locker auctions into the convenience of your living room, so you can browse, bid, and buy without the stress of in-person auctions. View photos of unit contents at your own pace, take the time to research items before you bid, and track offers from other buyers to make informed decisions.
Where can I find storage units for sale in Michigan?
Our auctions near the University of Michigan in Ann Arbor and Michigan State University in East Lansing are especially popular. Self-Storage Units for Sale Throughout Michigan. With StorageAuctions.com, conflicting auction times and locations are never problems.
Where can I find storage auctions in my area?
At StorageAuctions.com, it’s easy to find storage auctions in your area, and our convenient online system makes it even easier to participate. Simply enter your city or zip code to find auctions in your vicinity.
What are the state lien laws for storage lockers?
State lien laws protect facility owners by turning over possession of any property stored within a unit to the business in the event of nonpayment. When customers are properly notified in accordance with state regulations, facilities may hold storage locker auctions to recover their losses.
