You might be surprised to find out that many of the storage units you come across at auction once belonged to other auction-hunters. In some ways, the storage auction community can tend to be a bit self-feeding. When you buy a unit at auction, you have the opportunity to either remove the items or simply…
The key to making a profit from storage auctions is to never pay more for a unit than you can get out of it in sales. Of course, this isn’t always possible. Sometimes you get burned with a bad unit, and sometimes the sales market shifts so rapidly that something you thought would make a…
Nearly anything can be sold if you can find the right buyer. Some items have more interested buyers than others, however, and recognizing these items will save you a lot of time and hassles when it comes to reselling. Any time you look at a storage unit, you’ll want to keep an eye out for…
The storage auction business is often one of trial and error. There are no guarantees that you’ll make a profit reselling every unit that you buy, or even that you’ll always break even. As you start buying units and selling their contents, you’re bound to make a few mistakes, and learning from these mistakes is…
Reality television rarely paints a particularly realistic picture of anything it depicts, and that’s certainly true of storage auctions. Despite the popularity of auction shows like Storage Wars and Auction Hunters, these shows bear little resemblance to real-life events. Of course, if you’re looking at these shows simply for entertainment, that doesn’t make any difference….
If you’ve been in the resale business for a while, there are probably a few venues you’re comfortable and familiar with. You are probably accustomed to selling items on Craigslist, eBay, yard sales, swap meets, and flea markets. One venue you may not have considered, however, are consignment stores. Consignment stores are usually somewhat like…
One of the reasons that shows like Auction Hunters and Pawn Stars are so popular is that they connect viewers to periods in history. Antiques build a bridge between the past and modern times, which is one reason why they have so much value as collectors items. Although you probably won’t find rare antiques in…
A storage hunter at a storage auction in the San Fernando Valley bought a locker and found movie star Nicolas Cage’s stolen comic book worth a million dollars! Action Comics No. 1, published in June 1938, in which Superman first appeared in a comic book. Present day, that issue is still regarded as one of…
Why are storage units that are up for auction so popular today? Storage Wars. Until I saw the reality television series on A&E channel, I had no clue of this type of investment enterprise. People however have been earning a living through this unique venture for decades. However, once Storage Wars made its debut in…
Do you know the dates of federal holidays when banks are closed? Storage auctions are “Cash Only” and with careful planning, you could have the upper hand as a buyer if you keep a stash of cash at home during federal holidays. Think about this past holiday which was Memorial Day on Monday, May 27th….
