Self Storage auctions have become a huge craze ever since the television shows like “Storage Wars” became popular. Being in the self storage industry I will tell you what, just about every single potential new tenant or new tenant asks the infamous question “do you have auctions just like on Storage Wars”? Of course we do, and then explain that just about every storage facility conducts auctions but storage wars makes storage auctions look real good! It’s no surprise that the popularity of storage auctions on television has perked everyone’s interest in striking it rich finding people’s prized possessions in the depths of a storage space.
Now, let’s face it… If you have your possessions in a self storage unit the chances of you letting it go up for auction is not very likely but, you never know of the circumstance may bring and you really never know what you will find in the depths of a self storage unit when it goes up for auction from everyday items to the more exotic. I know that gazing in to a self storage unit when the auctioneer is auctioning the space off always keeps you guessing of what treasures could be found within the space. Gold chains, rare coins, sports memorabilia, wads of cash or who knows what other treasures fill one’s mind! All the thoughts of treasures aside, just remember that there’s no guarantee of the value of a unit’s contents.
This brings me to the aspect of self storage auctions and people making a career out of buying delinquent spaces and turning them over for a profit. I have met many different people while in the self storage industry that go from auction to auction using their best judgment to purchase delinquent spaces and make a profession out of it. Many of these entrepreneurs are also tenants of our facilities as well. Having a large self storage space makes it quite convenient for them to purchase the space and then transfer all of the items they would like to keep into their own unit and then discard the rest by bringing it to the dump or giving it to people who could make good use of it. Now since we require the auctioned space to be cleared within 24 hours, they do not have to go insane clearing their purchased space out running all over the place or renting moving truck in order to get everything out in a timely manner.
A lot of these people who make a profession out of buying auctioned units have various different means of selling the items once they have them all sorted out. From what I have been told many of these people sell the items they believe hold value or think they can sell in a few different ways. From what these auction winners tell me they either sell their items on E-Bay, Craig’s List or in a thrift shop. I have been told that E-Bay is the most effective way to sell items because they simply take a picture of the item they are trying to sell, make a description on E-Bays website and then set an auction up for the highest bidder. Once the auction has been held and someone has won all the seller has to do is ship or mail the item to the winner and take their payment right online. E-Bay is great to sell items because you are literally selling your items to anyone who goes on the E-Bay website which ranges from the United States and also most countries around the world if you select that option. Also, with E-Bay your chances of selling your items are more likely than say Craig’s List or a thrift shop because there may be someone out there looking to purchase specific items that people in your local area are not looking to purchase.
Craig’s list being another way to sell items also has its perks because you can sell to your local area or state specifically. There is no doubt that you may end up getting a lot of inquiries for your items with no buyers while using Craig’s list, but it really can be an effective way to sell your items. Craig’s list is especially usefully with larger items such as washers and dryers, refrigerators, dish washers and other larger items that people would keep in their storage units simply because people can come right to you to pick the item. It wouldn’t make much sense to sell larger items on E-Bay where they would have to be shipped out which in some cases shipping could cost more than the item is worth. Craig’s list is also great for specialty items such as antique furniture or large collectibles like old bikes or pinball machines that may be hard to find and need to be advertised to that specialty collector. Basically, Craig’s list is great for selling any item that wouldn’t necessarily be practical to ship in the mail.
The last way of selling items I would like to mention would be through a store front such as a thrift shop or a flea market. Some people who purchase units do have a store front which is great because they have a place to sell their items but, not everyone can afford a store front which in most cases a lot of people enjoy setting up a table or a stand at a local flea market to sell their stuff. Flea markets are a great hobby for people who like to sell and for people who just like to just get out on the weekend to do a little shopping. All sorts of people will show up at flea markets so it is a fantastic way to meet people, have a little fun and put a little money in your pocket by selling the items won in a storage auction.
Overall people who win storage auctions most definitely utilize storage units and storage space for their items that they win and having a self storage unit helps them keep their items organized so they can sort through the items they decide to keep. Ultimately most people who win self storage auctions are looking to strike it rich in finding various treasures throughout people’s delinquent units but most people who make a career out of buying self storage units have to strategically sell their items through various different ways in order to make a profit at the end of the day.