How Do Self Storage Auctions Work

If the renter stops paying the monthly fee on the storage unit the rental company must go through a series of actions in order to secure the legal right to auction off whatever is inside the procedure varies from state to state and sometimes from county to county.

How do self storage auctions work.

Many bidders do find money jewelry antiques tools and collectibles at storage auctions. Storage unit auctions allow the public to bid on the contents of a storage unit that was rented by someone. Self storage units are a great way to store extra items and property for which you don t have an immediate need. In the event that your unit goes to auction it s important to understand the lien process and the laws surrounding it.

The storage auction process is extremely time consuming and stressful so most managers will be happy to work with you to come up with a solution. Reduce the hassle and list with confidence knowing your unit will be viewed by a much larger bidder base than those few that might show up in person on the live auction day. Bid on self storage auctions online. An auctioneer is brought in and the units are auctioned off to the highest bidder.

How storage auctions work. At the end of the auction the highest bidder wins the entire content of the unit. After a storage unit has been abandoned or gone into lien self. Getting thousands of viewers having hundreds of click throughs to the details in a unit more bidders are going to equal more money for a good unit.

Storage facilities can streamline their auction process by listing their inventory in one place for both live auctions and online auctions. How do storage auctions work. Self storage companies sell the contents of customers spaces to recoup losses only after the customer has failed to pay rent for a period of time set by law and has not responded to several formal requests for. For a monthly fee storage unit companies.

After a storage unit has been abandoned or gone into lien self storage facilities may schedule an auction to clear out items. How to bid at storage auctions. As an owner of storage facilities for over 20 years and doing my live auctions myself that whole time it didn t take me long to see the benefits of using the internet to promote my auctions. Storage facilities across the country sometimes have to hold storage auctions when self storage units are abandoned or have.

Though most self storage companies have never participated in that show many if not all do host auctions throughout the year.