Before you attend your first storage auction, you’ll want to be prepared. By understanding how and why the auction occurs, you can prepare yourself for the type of items you’re most likely to find. This in turn can help you budget for auctions and begin making plans for your budding resale business. Storage auctions occur…
When you’re first starting out with storage auctions, it can be hard to determine which items make a unit worthwhile. It’s tempting to bid aggressively on every unit you come across just so you can win something, but that’s not a good strategy if you want to make money. Your goal when bidding at a…
You won your first virtual storage auction. Paid then hauled the merchandise back to your home. You have boxes to dig through, clothes to sort and electronic equipment that may or may not work. Now what? How do you flip your inventory into a profit? Unfortunately there’s no set formula. Many factors come into play….
People rent storage units for 101 different reasons. A family may have moved into a smaller house and do not have the room for excess furniture or household goods. Business shuts its doors but will store their unsold inventory. And so on… Why don’t they keep up with the monthly payments? That again is another…
What is trash and what is cash. You know the saying, “One man’s trash is another man’s treasure.” That still holds true. Let’s say you bought a 10×20 storage unit stacked from floor to ceiling. Boxes, containers, all 200 sq ft. packed so tight that it took you quite a bit of time to clean…
How fun to pick up a new hobby! Storage auctions differ from most hobbies because the goal is to buy low and sell high. This game of skill and chance requires money but it’s still a safer bet than buying and selling stocks. Prepare a financial game plan. If you pick up the sport of…
