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Storage auctions take place when a tenant abandons his possessions or forfeits his control of the content within the storage rental unless a lien is forced upon the unit for unpaid rent. Prospective buyers at storage auctions benefit when they have competitively bid for each storage unit. At traditional storage auctions, facilities owners are face with large crowds and problems with potential buyers being able to park on the property.
The economy in Illinois is terrible, and cities like Chicago are struggling to get by on the reduced amount of revenue that it receives from taxpayers.
Brandi Passante from Storage Wars has shown women all accross the nation that they too can earn some good money from storage auctions.
If you are searching for storage auctions in Minnesota, we have compiled a list of storage facilities that are known to have hosted storage auctions. Making some extra cash from storage auctions in Minnesota will help you sleep better at night. Storage Wars is a reality television series that premiered on A&E Network late in 2010. Storage unit auctions take place when the owner of the storage unit facility puts the contents of any unit up for sale as a result of the tenant who owns such content’s inability to meet with payment obligations after a set period of time. After you have located the storage auctions that you want to participate in, then you need to prepare for the auction itself.
Did you ever hear of making money from storage unit auctions before A&E television’s popular new series Storage Wars hit the airwaves? Almost each and every city in the USA has one, or more self storage units where the people of the community have the ability to store their extra belongings if they do not have room at their home, or if they happen to be moving. They really like to know who you are at storage auctions, so make sure you bring your ID with you to obtain a bidding number.
Now that you have a few of your basics in place, let's get ready for some storage auctions.
Storage auctions in Kentucky are plentiful, and it should be easy to find a storage unit auction near you.
Generally when a lien is placed on the unit for non-payment, state laws enforce that storage facilities auction all items within the storage unit to pay off rent that is owed. It use to be mandatory under several state lien laws for storage auctions to be held at the facilities.
Now, online auctions provide the solution to avoiding liability risks as well as keeping the auction's earnings high.

Many people argue the fact that taxes are too high, so as a result, many businesses are hurting, and they either have to cut back on expenses, or simply go out of business.
I arrived there early in anticipation of large crowds of newbies, thanks to the popularity of Storage Wars and Auction Hunters. It’s Spike TV’s version of the popular storage auction show format that competes with A&E’s successful Storage Wars series, which premiered in December of 2010. As more and more people are losing their homes, they need a place to store their possessions. Many storage unit facilities cancel their auctions on the very same day when the auction is scheduled to take place. A friend of mine told me that his brother had gone to a storage auction and had scored some really good things such as a diamond ring worth over $5000.
Units will be opened just before the auction begins, and you will be given 5 minutes to look inside. With the exception of Alaska, the state has more miles of running water than any other state.
When storage auctions are taking place, the winning bidder of every unit must shortly after verify his final bid by signing off on a confirmation of sales slip and giving his accurate phone number and mailing address. Now facility owners can now list their storage auctions on site and online by listing their URL of the storage auctions listed under legal terms and conditions. Now many potential buyers are computer savvy and can gain access to several online storage auctions. This can guarantee the storage operators gain the highest bids without the overwhelming traffic from traditional storage auctions. When rent payment go unpaid for a storage locker in 3 months in the state of California, its contents are put up for sale by an agent. Many people are being forced to downsize, or to live in small apartments without any garages or storage space. The quickest way for them to recoup their losses is to auction off the unpaid unit contents to the highest bidder at storage auctions. After you find one, make sure you call the storage facility 24 hours before the storage auctions to make sure they still have units available.
Sales tax is applicable with the exception of buyers who present to the clerk a copy of their State Board of Equalization seller's permit, prior to payment. A cleaning deposit of $40 per unit at the storage auctions are refundable if the unit is cleared away leaving nothing behind within 24 hours.

Potential buyers now have the convenience to research and budget each storage unit online from the comfort of their home. Overall both traditional and online storage auctions are beneficial to potential buyers in their own way depending on the buyers' comfort level and circumstances. If you are new to storage auctions, and would like to know more about how everything works, please feel free to join our storage auction forums. You want to save your money for those storage auctions, not in your gas tank on a wasted trip.
So do not be discouraged if you do not win the first few times that you attend storage auctions. With over four million people in the state, the number of storage units in Kentucky is quite high. During the start of the traditional storage auctions the online storage auctions can begin their initial bid accordingly. Many of these people cannot afford to keep up the payments on their storage units, and unfortunately the storage unit facilities are forced to auction off the contents of the storage unit to recover the back rental payments. Even a newbie has a chance to earn big bucks from storage auctions in Minnesota, just like Brand Passante from Storage Wars. The first storage unit door was opened and it revealed lots of furniture and household goods. Most storage auctions require cash payment as well as a deposit on each unit that is purchased.
If you happen to run across something of value that you did not see before winning the unit, it is a bonus. Storage Auctions in Illinois are quite common, and as you can see from the list below, there are quite a few auctions going on in many cities throughout Illinois.
Success will not happen overnight, but with a little time and energy you can make storage auctions a fun and exciting hobby. The list below is comprised of storage unit facilities that are known to conduct storage auctions.
Please pass this on to your friends, and please check back often as we always update our lists.

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