No matter how well you research a storage unit or how carefully you bid, you’re bound to find a lot of trash and useless items. Once you win the unit, it’s your responsibility to have it fully emptied and swept clean within 24 to 48 hours. Failure to do so puts you in danger of…
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…
Auction Hunters: Pawn Edition: Season 4, Episode 10: “Always Money in Philadelphia.” On the road again… Haff-Ton team back in their bread truck headed 3000 miles away from home to the city of Philadelphia. A premier antique store closed and stashed its inventory at a storage facility. Seven units up for auction. Allen’s enthusiasm for…
Although online storage auctions are gaining in popularity, they are still considered illegal in certain states. This is because the lien laws in those states have vague or outmoded language that requires the auction to take place at the storage facility or a “reasonably near public place.” Although the Internet is arguably the most public…
Dave Hester from Storage Wars slapped a lawsuit against A&E that spawned a controversy. Dave claimed producers of the show “salt” the units with unique items to enhance the entertainment value of the show. Layman terms – Dave claims the show is fake. If Storage Wars’ lockers were and are salted by producers, then the…
