How do I get an abandoned storage locker?

How do I get an abandoned storage locker?

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.

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.

Why do storage lockers go to auction?

Self-storage unit auctions happen when storage tenants fail to pay their rent on time. After 30 days overdue, storage facilities can typically put a lien on the contents of the renter’s unpaid unit. During that time the storage operator will attempt o contact the renter and advertise the auction publicly.

How do I sell content of a storage unit?

Direct Advertising. The most profitable way to eliminate your stored belongings is by selling valuable items individually. Take out an ad in your local newspaper or online classified service. Describe your items accurately and arrange to meet prospective buyers at your storage unit.

What is the best storage auction site?

The Best Online Auction System for Self Storage Auctions. Storageauctions.net, the brainchild of reality stars and live auctioneers Dan and Laura Dotson of A&E’s popular television series “Storage Wars,” is a self-storage auctioning system that is transforming the way people list storage for sale and bid on auctions.

Can you really make money buying storage units?

The reality show follows a group of people who earn money bidding on storage units that are up for auction. Making money with storage unit auctions is hard work, and if you’re not careful, you can lose a lot of money and get stuck with a lot of junk. However, it can be a fun and lucrative business if you do it right.

How do online storage auctions work?

Bidders bid on the contents of the entire storage unit, not on an item-by-item basis. The auction of each unit is open, so there are no sealed bids. The winning bid must be paid in cash upon winning. A deposit may be requested by the site at their discretion until the unit is cleaned out.

Is the show Storage Wars real?

According to star David Hester, A&E’s top-rated program is a fake. If you’ve never seen an episode of the series, the show follows a group of professional buyers who bid on unpaid storage units to, hopefully, find something worth selling for a profit.

What happens to items left in storage?

When a storage rental owner has not paid their bills multiple times, the storage facility now has the power to go into the unit. The belongings will be confiscated and will belong to the rental company. Most storage facilities will hold auctions for the belongings, or donate the items.

Can a storage company sell my goods?

Can a self-storage business really sell your stuff when you fall behind on rent? Yes, it can. That lien lets the storage facility sell your unit’s contents to recoup what it’s owed if you don’t pay the rent. The facility can’t hold an auction right away, though.

Are online storage auctions legit?

All of which are Illegal, no matter if it is an online or live auction. Generally, the self-storage operator’s lien is only for a few hundred dollars so, the scam artist can profit by staging their units so that it looks valuable to the auction buyer when, in fact, it may be worthless.