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Storage Auctions Provide Fun & Profits

By Jeff Gabbard
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Expert Author Jeff Gabbard

Fun & Profits with Storage Auctions

Several years ago after having lost some valuable items stored in a storage bin, I learned that unpaid mini storage bins are sold at auction. There are basically 2 types of auctions that are conducted for the storage units. One is whole bin storage auctions and the other is piece by piece auctions. The storage auctions I am going to discuss in this article are the whole bin storage auctions.

When you attend a whole bin storage auction you will see just how quickly it is conducted and over. You might show up at 9:50 am, and the auction start at 10:00 am, and at 10:30 am the auction is over. Five or six storage bins have already been sold. That's pretty fast.

The fun part for me is the idea of treasure hunting. Storage facility auctions can sometimes reward you with some great treasures. On the other hand it could provide you with a lot of junk that you are responsible to dispose of. But over the years I have made a lot of money, and I have filled my home several times over with items I've kept from storage auctions. I say several times over, because I can keep something for a while then replace it with something else later, and practically for free. I made my money back and then some on the other items that came from the auction.

If you were given the opportunity to go through people belongings without getting into trouble, would you be the type that is curious enough to do it? These storage auctions are the curious minded persons dream. You not only get to own all the items that are in the storage unit you win the bid for, but you also get the fun of rummaging through the drawers and cabinets to see if there is a hidden stash of jewelry somewhere. I have found money in pockets, and jars of change. Once I found a stash of thousands and thousands of old wheat pennies. Some dating back to as far as 1909.

If you like clothing and would even like making money in used clothing then you have found the niche you have been looking for. You have never seen the likes of clothing that you can get for a song. Often you will find clothing at the storage auctions that still have the tags on them. I have clothed my family for years, and often with top brand named clothing too. At one time I was getting a few hundred dollars a month from a consignment shop. The possibilities are practically endless with things you can do with the clothing. My wife at one point saved jeans that we did not sell to make denim quilts with. My mom is a seamstress and has gotten hundreds of buttons from me simply from the clothing that is not worth keeping. The ideas go on and on.

I think over the years I have gotten enough restaurant equipment to start my own restaurant. At one storage auction I got stacks and stacks of Pizza Hut type deep dish pans. That was years ago. I gave some to friends and sold dozens and dozens of them on eBay. I still use the ones I kept frequently. I just can't say enough about the fun and profits that I have gotten from storage auctions of the past 10 years. I have not stopped using storage facility auctions as a part time and sometimes full time business since I started going to them 10 years ago.

If you are looking for a great opportunity to have a lot of fun, and possibly make a lot of money too, you might consider the storage auction business for you. With the high cost of living these days, the idea of getting a lot of your clothing for pennies, and making some money from your home based business is just good sense.



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The Storage Auction Process

By Rick R Garcia
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Being at your first storage auction can be challenging in trying to obtain all the information needed to get yourself in a comfort zone to begin bidding, but no need to sweat it, here is the straight forward information you need going into your first storage auction to get you in the bidding mood.

Be sure to arrive 15 or 20 minutes early so you have time to sign-in as a bidder, some storage auctions will have a larger volume of bidders then others so it's always a good ideal to get ahead of those long lines. There is generally only two ways to sign-in as a bidder in which you will need to go inside the storage facility office where a sign-in sheet is located at the front desk, name, address, and phone number is normally all that is required to sign in. However some auctioneers will want you to sign-in with them directly in which the auctioneer will be located outside with a table set up. It's a good ideal to bring your ID, some auctioneers will require you to show ID while others won't require you to show. The auctioneer will normally wait till all bidders are signed-in before heading to the first storage unit for auction.

The auctioneer will then explain the auction procedure and ground rules to everyone, some auctioneers will repeat the auction procedure and ground rules over again every time they open another storage unit for auction. Then the first unit is opened and the bidders will have between 2 to 5 minutes to look inside, depending on the size of the crowd some auctioneers will give extra time for the circulation of bidders to see inside. No one is allowed to go inside the unit at anytime, they must stay outside the unit while viewing. After the time line for viewing is up the auctioneer will then start the auction The auctioneer will then call out a price and ask if there are any bidders. You can gesture to the auctioneer if you want to make a bid at that price with a hand motion or verbal response, you also have the right to yell out a higher bid if needed to give you some distance from other bidders in on the action. Once the bidding slows down and if there are no further bids the auctioneer will say "sold" to the last bidder.

Once the bidding is complete, if you've won the unit you may lock the unit with your own pad lock unless the storage facility requires their lock is to be put on the unit until they receive payment, this will vary from facility. The auction then moves on to the next unit at the facility. Once all the auctions are complete, you'll either meet with the auctioneer to pay for your units or pay the storage facility directly at the front desk for your units won. Payment procedures will normally be explained during the time when the auctioneer is explaining the auction procedures. Some facilities will take a credit or debit card while some facilities require cash only.The storage facility will typically collect a cleaning deposit from you, which they will return when you have emptied the storage unit and left it broom-swept so that it is ready to be rented to a new tenant. You will not be permitted to use the facility's dumpsters, so be prepared to haul away and dispose of anything that you don't want. You will have a time limit of 24 or 48 hours to get all the items out of the storage unit, the time limit will be explained to you during the auction procedures given by the auctioneer.

An auctioneer will sell units at multiple different storage facilities in the same area in one day. After each facility's auction is completed, usually the bidders will follow the auctioneer to the next facility. The auctioneer will normally supply copies of the list of storage facilities with addresses in which he is holding auctions that day, make sure to get your copy prior to the auction starting.


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The Storage Auction Business Has Changed, to the Detriment of Some

By Travis Lane
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Let's face it, the storage auction game has changed & it could be permanent. Never before have I seen the influx of new buyers attending storage auctions like now. The prices of storage units up for sale have definitely doubled if not tripled in cost in a matter of months. This hysteria was caused by the popularity of the new television shows Storage Wars & Auction Hunters.

Although entertaining, these shows depict the "average Joe" coming across amazing treasures in almost every episode. Given, you can come across some wonderful & valuable items in storage lockers, it just doesn't happen quite as often as you would like. Most storage lockers contain household items, furniture, clothing or sometimes the remnants of a failed business. Every now and then, most of the time by accident, you come across a storage unit that makes up for the "dumpster unit" you bought the week before.

Some people will tell you that others don't store valuables in a storage unit, but I have personally bought units that contained rifles, shotguns, pistols, mint proof sets, tools, stamp collections, coin collections, sports card collections, motorcycles, high end appliances, over 5K in new Gucci & Versace shoes, luxurious furniture & antiques. What really got me hooked was the third unit I ever bought contained a classic guitar & a safe which contained gold, silver, cash, WWII & Civil War memorabilia, an antique revolver and an antique pocket watch collection. There was no looking back from that point on.

In a 6 month period I personally purchased over 100 storage units at auction. I usually set a maximum amount that I would spend based on what I could see in the unit. My philosophy was that If I bid on what I could see and I didn't go over my budget, everything that I couldn't see was pure profit. Very rarely did this strategy let me down. Ever since the television shows Storage Wars and Auction Hunters premiered, it has become more & more difficult to purchase a storage unit at a price that I could still turn a profit on.

In January, a month after the shows premiered, I remember thinking about the hundred or so other professional storage auction buyers that I saw every week. Most of these people that attend storage auctions have resale shops or flea market booths to move their merchandise. These people have built their life around these auctions and depend on them to make ends meet. They are the people who are truly suffering from the aftermath of the reality shows. These people are just like you and I, they have mortgages, car payments, bills and other expenses. I think most will admit that it has become difficult to make ends meet & that the storage auction business has changed, forever.

Once I realized that the influx of new buyers attending storage auctions in our area, Houston, TX, wasn't just a trend, I knew that I had to get off the beaten path if I wanted to survive in this business & still make a profit. I knew that our main source for storage auction information, which advertises to the masses, neglected over half of the storage facilities in the greater Houston & surrounding areas. Most of these storage facilities advertise their auctions in smaller, local newspapers. Because Houston has over 40 smaller cities within our great city, each of which have their own local newspapers, subscribing to and reading them every day wasn't an option. I was determined to figure something out and I did.

I realized that the auctions that aren't advertised to the masses generally have fewer buyers that attend the event. Where there is less competition, there is a better chance of buying a quality storage unit at a good price. It was a lot of work, but I created a data base with over 1400 storage facilities, over 700 of which do not advertise in mainstream publications. These are the smaller "mom & pop" facilities that don't have the advertising budget of a publicly traded self storage facility. It took over a month to build the database & to call every facility, but it was worth it.

My efforts produced a monthly list of 30-50 storage auction events which very few other people knew about. I decided to make this list available to others and created a website called http://www.houstonstorageauctions.com. We are a service that provides storage auction information for 100% of all auctions, (over 500 monthly), within 60 miles of downtown Houston, TX. If you are a professional storage auction buyer or if you just want to see if you can find some bargains, my website is a great way to help you get off the beaten path. Our membership is limited, we don't want to flood the obscure auctions, so get in while you still can.


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Storage Auctions - Myth Vs Reality

By Zack Proser
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With so many eager bargain hunters flocking to their local storage facilities in hopes of chasing down priceless hidden treasures, it's inevitable that some folks are going to have their hopes dashed as soon as the unit doors fly up and the only thing that greets them is trash bags and dirty clothes. Property managers all over the country have been struggling to manage an influx of bidders that have never even been to a storage facility before, as well as the jackpot expectations these newcomers bring with them. From a management perspective, there are positive and negative aspects to this flood of attention. More frequent incidences of property damage, arguments between inexperienced bidders and high volumes of calls from bargain hunters that have no intention of renting units are certainly irritations to managers and the facility owners.

On the plus side, the increased foot traffic and higher auction turnout is also converting into higher final prices for storage auction units. Small repossessed storage lockers that at one time might have sold for as little as $50 are now regularly bringing in upwards of $150. This trend is due almost exclusively to television shows like Storage Wars and Auction Hunters that are suggesting to viewers a far higher frequency of jackpot storage units than may actually exist. In the eyes of a property manager, foot traffic is always a good thing, since it means more exposure for the facility. Even if the auction hunters themselves do not rent any units, they may mention the facility to friends, thereby disseminating the brand and increasing the likelihood of future word-of-mouth referrals.

Many newcomers to the world of storage auctions wonder why these special sales even occur in the first place. The answer to this question actually dovetails with a number of conspiracy theories cropping up on the internet in print that suggest that delinquent storage unit auctions are entirely made-up; a mere product of a clever reality show ploy to secure viewers. The truth of the matter is that storage auctions have been around for a long time. They're real. End of story. Auctioning off the contents of a delinquent unit is legal recourse of self storage properties that find themselves in a financial bind when a tenant abandons their belongings or simply refuses to pay their rent for months at a time.

What isn't exactly true is that every repossessed storage unit you see sold by auction is going to produce diamonds, jewelry, antiques, heirlooms and collectibles to the tune of thousands upon thousands of dollars. This is just not the way it works. Briefly consider the logical progression of a storage unit auction in order to determine for yourself exactly how rare it is to find a storage unit with heaps of valuables and no junk:

First, someone rents a storage unit because they have belongings they prize highly enough to want to secure and retain them. They have to have sufficient money to cover the sign-up fees along with at least the first month's rent. Some storage facilities require a cleaning deposit, and some facilities that do not offer month to month storage rentals require that the new tenant pay a few months in advance. This means that people who put valuables in storage not only had enough money to initially obtain those valuables, but they also have enough money to cover the start-up fees for their unit rental. We can conclude from this that, excepting some totally unforeseen disaster, most wealthy storage tenants are not going to become unwealthy enough quickly enough to lose their valuables to a public auction.

That's not to say it doesn't occur. There are innumerable scenarios that can see even the most organized and well-intentioned storage facility tenants unable to make contact with their property manager quickly enough to prevent their unit from going to auction. Sometimes people get stuck abroad and lose all contact info for their facility and eventually lose their will and ability to keep up with their payments. These kinds of scenarios are far more likely to produce the types of repossessed storage lockers that shows like Storage Wars and Auction Kings need to produce their episodes.

What does all of this mean for beginning storage unit pickers that want to get involved in the exciting world of storage auctions? Simply that success in this business depends on determination, patience and keeping your expectations in check. If you always go out planning to find your own private box of riches behind the next storage shed door, you will almost always end up disappointed. However, if you play smart, always buy low and resell everything you find inside via yard sales or online auction sites, you can and will turn a profit over time.


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What is a Mini Storage Auction?

By Adam M Rise
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Expert Author Adam M Rise

In order to understand what a mini storage auction is, you have to understand what a mini storage facility is, and what it does.

A mini storage facility or any storage unit facility is going to store a persons belongings under lock and key in the storage facility. It can be a strip of mini storage units, it can be a huge warehouse sectioned off, or a variety of other storage types. The owner of the belongings will then pay a monthly or yearly fee to the management of the units in order to keep their belongings safe and secure.

When the renter of the mini storage space is behind on their rent they will be notified and expected to catch up. If the owners of the belongings do not catch up on the payments, then the management needs to recoup their losses. They will begin the process of reselling the contents. There are several documents that the management of the facility must fill out, and record. Then they must state in a public circulation at least two weeks before the auction day, that they're auctioning off the unit's contents. There is a legal process that they must follow, and usually, it's not if the renter is only one month behind. The whole idea behind auctioning off the contents is to try and recoup the losses from the lost storage rent.

Once the mini storage auction has been duly advertised, the auction day will arrive. People will show up, and register for bidding on the mini storage contents. Then the auction will happen. The highest bidder is the one that's going to take control of the contents after paying the winning auction amount.
There are several different ways a self storage or mini storage auctions can be held. You may have to sign up for a number, or it may be just hand raising bids. You'll want to find out as much as possible about the auction process before you actually did. Many times there are stipulations that the contents need to be moved within 24 to 48 hours after the auction ends.

When it comes to what's inside these mini storage units, it can be various. You may find major appliances, minor appliances, or you may find antiques and heirlooms. You also may find surprises and boxes of jewelry, and other valuable items. In order to make a profit with a mini storage auction, your bid has to be below or at your transportation costs and resale costs. Basically, the idea is to recoup your transportation and auction bid price through the resale of the items, anything higher than those two costs added together, is considered a profit.

Getting into mini storage auctions can be a lot of fun and in most cases you're going to make a profit. Just remember, any auction can be a very exciting time, and you might just wind up paying more than you had planned for your mini storage unit contents.


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How Self-Storage Auctions Work

By Jason Kay
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Expert Author Jason Kay

When someone has their items in a self-storage unit and they neglect to pay their rent for a certain amount of time, many times the self-storage facility will have the right to auction off their belongings in a self-storage auction in order to recoup their lost rent money. This can represent a great opportunity for you if you are looking to pick up some items at a rock bottom price. But how exactly do self-storage auctions work?

There are different ways that self-storage auctions are conducted and the process is strictly up to the self-storage facility that is conducting the auction. Here are the different ways that self-storage units are auctioned off:

- Sealed Bid: This is the most common way that self-storage auctions are conducted. In a sealed bid auction the facility manager will open up the self-storage unit that is having its contents auctioned off and let people look to see what is inside. Once everyone gets an opportunity to see the contents the manager will accept everyone's bids in a sealed envelope usually accompanied by their name and phone number. The highest bid gets the contents of the self-storage unit and will then typically have 48 hours to pay for and remove all the contents from the self-storage unit. In the event that the highest bid falls through, the next highest will be taken.

- Live Auction: A live auction of a self-storage unit is rarer to find, but a lot more fun to attend. As with the sealed bid auction the unit is opened up so it can be inspected for contents and at a certain time the auctioneer will begin his rant. The highest bid will win and usually will have 48 hours to pay and then clear out the unit.

- Blind Auction: This is not a popular type of auction but it does occur. This is where the manager will simply post that there is a blind auction happening for a self-storage unit's contents and the unit will not be opened up, hence the term 'blind.' The only person who will see the contents of the unit is the one who wins the blind auction. Other than the size of the unit there is little information that can be obtained. Some places will list, 'general items' or 'tools' as an example, but most will not say anything about the contents. The manager will usually take sealed bids for a certain amount of days and the highest bid will win. Sometimes they will have a live auctioneer insteadl, but not likely as a blind auction will bring in much less than one where everyone knows what they are getting into. The same rules usually apply as to 48 hours to pay and clear out the items.

To find out where these auctions are you only have to call the self-storage facilities in your area and ask them when they conduct theirs. Some will do it once a month and others will do it twice, but it is all up to each facility. While you are finding out when the auctions are you will also want to find out the format so that you can be sure it is the type of self-storage auction that you will want to attend.

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Storage Auctions for More Than Curiosity

By Pat Fisher
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Storage auctions, also called storage unit auctions, are held by storage unit owners when a tenant fails to pay their rent. Operators of storage facilities have the legal right to sell off all of a renter's items in their shed if the default on their rent. Many people find these auctions to be a great opportunity to make money and have plenty of opportunities to do so in the estimated 9000 auctions held per year in the United States.

Anatomy of an Auction

The legal process for how storage auctions are carried out varies from state-to-state. Traditionally, auctions begin with bidders viewing the contents of a unit from a distance. Then a live auction takes place where the person with the highest bid wins the unit. Most transaction must be paid for in cash. Sometimes the customs change. In some instances, bids are taken via sealed bids. It is most common that the contents of a storage shed are sold all together, but occasionally are sold as individual items.

Contents of Storage Units

A wide variety of items are found in storage units. Common household items such as appliances, furniture, and personal items make up the majority of what is found in a storage unit. Occasionally sheds contain high-value items such as jewelry, antiques, or collectables. There have even been instances of people finding cars inside abandoned units.

Finding Auctions

Auctions are found in a variety of locations. Most auctions are published in newspapers as legal notices. Auctioneers also publish listings of auctions that they conduct. Additional listings are found on auction websites or sold through email subscriptions.

Making Money from Auctions

The most common reason for participation in storage auctions is to make a profit. Most people attending the auctions are looking to buy the contents at the lowest price possible and then sell all of the contents to make a profit. The steps to becoming successful at making money from auctions include:

• Attending auctions - The experience gained from this step will enable you to become more educated with what to look for when considering purchasing a storage unit. Often people become frustrated because they don't find a high profit item inside their shed, but experience can allow you to discover ways to make a profit even without a high-yield item.
• Educate yourself - Knowing how much antiques and other items sell for can be helpful when determining how much to bid.
• Increase Powers of Observation - Organization of a storage unit can assist in evaluating the value of items. It is unlikely that a tenant would just pile a bunch of boxes on top of a high value item.
• Marketing - Once you have purchased a storage unit, you must decide what to sell, how much to sell it for, and where to sell it. Properly pricing items is the most crucial step in making a profit.

Downsides of Auctions

Not all auction experiences are positive, and you may experience one or all of these at some point:

• Cancellations - Some auctions are cancelled due to last minute payments by renters who don't want to lose their items.
• Poor Value - It is a possibility that a storage unit may only contain personal items such as photo albums, school memories and, broken bits and pieces that have no value to anybody else.
• Cost of Removal - The winner of an auction must remove the items from the storage facility within a designated amount of time. If you find that your unit contains nothing of value, this could be a time and money consuming activity.

Participation in these auctions can be both frustrating and exciting. Storage auctions may not make you rich, but it creates an exciting way to generate an income.

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Storage Auctions 101 - How Do Storage Auctions Work?

By Travis Lane
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Attending storage auctions can be a lot of fun and a great social experience. Here is how it usually works: Storage facilities advertise their public sale in a newspaper of general circulation to fulfill their legal requirements and to attract buyers to their event. These notices will include the date, time and location of the event, the name of the tenant, and a brief description of the contents of the unit being sold.

Once the auctioneer or facility manager has verified that the legal paperwork is correct and that the time posted in the public notice has now arrived, the auction begins. Upon arriving at the first unit, the auctioneer will give a small speech about the terms and conditions of the sale. The auctioneer will then instruct you that the unit will sell to the highest bidder for cash, although some facilities do accept credit cards. Listen carefully, because some auctions include a buyer's premium. You will be required to pay sales tax on every unit you buy unless you have a sales tax use permit. Usually, if the auctioneer doesn't know you well, you will be required to pay a $50 to $100 clean out deposit which is refundable once the contents have been completely removed. You will be buying everything in the unit, unless specified otherwise. You will typically have 48 hours to remove the property and broom sweep the unit. You cannot leave anything behind and you cannot use the storage facility's dumpster to dispose of the items you don't want.

It is quite exciting when the door to that storage unit rolls up and you finally get a chance to see what is inside. The auctioneer will usually ask everyone to form a line and once everyone has had a chance to view the contents, the bidding process will begin. It is sometimes easy to tell how good the unit is based on the speed the line is moving at.

Once the bidding process begins, the unit will sell to the highest cash bidder. Ever since the new storage shows have premiered, there has been a lot of people "bidding up units". This is when others intentionally raise the price of the unit hoping the buyer will lose money and give up. In my opinion, this is poor etiquette. We are all here to make money. If you aren't interested in the unit, don't bid on it, we all end up suffering in the long run.

If you are the lucky winner, you will follow the auctioneer into the manager's office to pay for the unit you bought. Be sure to get a receipt in case any disputes arise. Once you get that receipt, the property in that unit is legally yours. Now the excavation begins. This is my favorite part because it is kind of like Christmas; you get to open up a bunch of boxes and you have no idea what's inside of them.

If you are new buyer, I would encourage you to think about how you are going to move & sell your merchandise before you purchase a unit. Some units contain heavy items like appliances or furniture; do you have people who can help you move these items? If you don't have a truck or trailer, U-Haul is the least expensive truck rental company; although, depending on mileage, the costs can really add up quickly. Most of the professionals have thrift stores, booths at flea markets, large garage sales or internet based businesses to resell their merchandise. Garage sales are a quick way to sell your merchandise; although, many home owner associations have strict rules on how many garage sales you can have each year. If you plan to have garage sales regularly, you may want to think about finding a commercial spot on weekends. For those of you who live in the greater Houston & surrounding areas, Traders Village could be a good option. Websites like Craigslist & Ebay can be great outlets for new buyers as well.

What is the best source for storage auction information the greater Houston area?

Do to the popularity of the new storage auction shows on television, there has been a flood of new buyers attending storage auctions in the Houston area. There is a popular business newspaper in Houston which publishes public notices, but it advertises to the masses. This is an okay source of information if you don't mind attending auctions with over a hundred people there. Also, because they only advertise their customer's auctions, they neglect over half of all storage facilities in the greater Houston and surrounding areas.

I recommend http://www.houstonstorageauctions.com, it is the only website that is local and covers 100% of all auctions occurring in the greater Houston and surrounding areas. No other website covers more than half. What makes this information source really different is that it lists all of the hard to find auctions that are advertised in smaller local papers. Typically, the storage facilities that advertise in smaller local papers don't have a lot of people attending their event and where there is less competition it increases your chances of buying a quality storage unit at a good price.


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Professional Storage Auction Listings - How Storage Auction Experts Find Sales

By Zack Proser
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With more and more bargain hunters attempting to cash in on the latest storage sale craze, the emergence of professional auction listings has made a splash in the community, allowing both newbies and auction experts alike to maximize their profits and streamline their buying process to make it as efficient as possible. While storage auctions were once like a private club known only to longtime "pickers", as they sometimes call themselves, the entire storage auction buying process is spilling out into the public eye, swelling the ranks of the buyers in attendance at any repossessed locker sale. Indeed, this phenomenon is so pronounced that some part time bargain hunters have decided to bridge the gap and transform their hobby into a full-time occupation which provides the majority of their monthly income.

As the world of buying and reselling delinquent storage becomes mainstream, we're beginning to see storage auction experts crop up and offer advice on storage auction best practices and the secrets used by the pros to spot the most valuable units and to convert the spoils inside into serious profits. Along with this comes discussions of the best storage sale tools to use, such as handheld floodlights that can help pickers see further into a dark auction unit in hopes of catching that one little glimpse that will be indicative of serious value.

Still other experts and companies have focused on providing professional storage sale listings, which tell their subscribers exactly when and wear local storage sell-offs will be taking place. These professional storage sale listings services even include a general description of the goods that will be found inside the unit, as well as the contact information for the company holding the public sale. Both professional storage auction pickers and newbies alike are finding premium storage auction listings to be worth their weight in gold, since they free them up from having to tediously call around from facility to facility in hopes of uncovering an auction date.

If you think about the amount of time required to discover and pinpoint all the local storage sales happening in your area, you can begin to understand the value of having this information laid out for you by professional storage auction listing companies. The hours you spend on the phone calling around from facility to facility are better spent promoting your resale business or processing items you have found in your previous successful auctions.

Zack Proser is a freelance writer, artist and web developer who draws on his firsthand experience working as a self storage property manager to create Storage Auctions Kings, the only guide you'll ever need to start making money at storage unit auctions in your area.



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Storage Auction Secrets - How the Pros Multiply Their Cash With Repossessed Storage Locker Sales

By Zack Proser
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Storage auctions are almost as old as self storage facilities themselves, but only in the last few years have these special repossessed storage locker sales burst into public consciousness. Imagine laying down a couple of hundred dollars in exchange for several thousand dollars worth of equipment, collectibles and valuables! Only local self storage auctions make this kind of insanely profitably exchange rate possible. If you aren't already zero'ed in on local self storage sell-offs, you are missing out on very profitable storage sales that could be netting you insane profits.

Those "in the know" have been using self storage auctions for decades, as extremely discounted means of obtaining high-quality and highly profitable inventory they can resell either online or via a personally run yard sale or garage sale. Self storage auction sales are a virtually untapped resource for any entrepreneur or small business person that is looking for extremely discounted inventory that they can resell at a high profit margin.

Even though self storage sales are entirely open to the public and free for anyone to attend, the true fruits of storage sales don't begin to emerge until you have developed the skill sets necessary to allow you to identify which storage auction units are valuable and worthwhile, and which storage sale units are likely full of junk. Self storage unit buying requires a certain degree of patience, self-discipline and skill in order to realize the maximum benefit of these special repossessed storage locker sales.

If you have ever seen popular reality television shows such as Storage Wars or Auction Kings, you may already understand how the storage sale pros make great money by speculating on and ultimately buying up delinquent storage sale units. However, in order to truly understand the nuances of these special sales, you need to become apprised of storage auction secrets and the special techniques employed by expert locker auction buyers. Such special storage sale buying techniques span from psychological insights that help you to determine which storage auction units are valuable all the way to insider tips on how to maximize your storage sale profits by selling the spoils of your auction purchases through the most profitable and buyer-accessible venues.

Professional storage sale buyers even use special tools that tell them exactly which items they have found in their repossessed storage lockers are lucrative and which items can be discarded or donated to charity. For the worthwhile items, these special storage auction pricing tools will even comb through previous months' worth of online sales data in order to determine the optimal pricing point for every item - which will ensure quick sell-through rates and maximum profits.

Local storage sales are open to the public and they're happening everywhere all over the country, but it's only the truly tuned-in and aware storage auction buyers that are ultimately going to profit. By committing yourself to a certain level of self-education, you can start maximizing your storage auction profits and turning local storage sales into a healthy side-income.


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