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Self Storage Auctions has became so popular in United States that won't be a surprise if they went overseas.
Self Storage Auctions are auctions offered by self storage companies over the items of a tenant who fails to pay them montlhy rent.
If the customer fails to pay the rent, a lien is placed on the customer's goods and they are sold at auction.
A self storage auction is a great opportunity to get some valuable items at dirt cheap prices. Auction Hunters is an American documentary reality television series that premiered on November 9, 2010 on Spike. Unless youa€™ve been living under a rock a€“ or refuse to turn on the television a€“ youa€™ve most likely come across the widely popular reality shows surrounding self storage auctions.
A California poll revealed that storage facility operators began to see a steady rise in attendees for their auctions shortly after the debut of a€?Storage Warsa€?. In a single episode of one of these popular reality shows, viewers can see as many as 10 units which appear to be at the same facility for one auction on the same day. One very REAL thing which these shows get completely right is that no attendees of the auction are allowed inside the units. With the wide exposure of reality shows, there are more bidders, which means more competition.
So, keep in mind that your total cost for one unit includes the following: the bid for the unit, the labor to empty the unit, transportation to get the contents of the unit off site, and disposal of any refuse once you leave the facility.
Dona€™t get me wrong, there are many cases out there where buyers have profited largely from a storage auction.
Most people who benefit from a storage auction are those who own a second-hand store or refurbish furniture for resale. If you have any questions about self storage auctions and the auction process, you can contact us at any time and one of our friendly property managers will be glad to answer any questions for you.
Founded by industry veterans Lance Watkins of Storage Outlet and Barry Hoeven of Kure It, Charity Storage is a nonprofit organization that uses self-storage auctions as a platform to raise money for charities. Charity Storage has an economical business model that takes advantage of the self-storage industry’s existing infrastructure.
Auction attendees bidding on the Charity Units tend to bid high, as they know the proceeds go to charities. A Charity Unit went for $700 earlier this month at Dollar Self Storage in Corona, CA, and the facility chose to donate their 60% of funds to The Young Americans, a national nonprofit performing arts organization. Our self-storage blog is excited to see so many facilities using their vacant units to raise money for charity and give back to their communities. Welcome.The Storage Facilitator is the modern self-storage professional's destination for useful education, intriguing news, diverse expert perspectives, technology updates, and beyond.
Get our free white paperThe Four Pillars of Profitable Self-Storage Management is an in-depth resource that empowers facility owners and managers to get more out of your business and stay ahead.
The information contained herein has been obtained from third parties and we cannot guarantee the accuracy or completeness of the information.
Storage auctions in Kentucky are plentiful, and it should be easy to find a storage unit auction near you. 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.
Self Storage Units - Self Storage Units covers several topics you need to know when it comes to protect your personal or business belongings, check different types of units, self storage for rent, for sale, Associations, even auctions. Commercial Storage Units will help you resolve your storage needs if you need extra space to store your business goods, and to cut expenses in these days of economic crisis. Most self storage providers have systems in place that will help you decide for yourself how much space to take.
The customer is still responsible for any rent and fees due if the auction does not clear their balance.
The show follows Allen Haff, a second generation antiques dealer, and Clinton Jones, a historical weapons and old currency expert, as they participate in storage unit auctions throughout Southern California. Click on the current or upcoming month to see the latest auctions scheduled and listed by this site.
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On average, operators would have 15-20 sign-ins for an auction before the show first aired, but now they are reporting as many as 75 sign-ins for a single auction!
This is a common sense thing because it eliminates the possibility for theft of or damage to the contents.
In April 2011, a storage unit went to auction in southern California which held a nearly pristine copy of a€?Action Comics No.
Furniture, appliances and clothing are typical items you will find inside almost every storage unit.
I think it’s awesome that mini storage units have been on the rise since the beginning of these auction shows. Charity Storage launched its beta site in February, and already has 200 self-storage facilities on board.
Storage facilities are signing up, and auctions enable a broad distribution of charitable funds— 10% of net proceeds go to the Self Storage Association Scholarship program, 30% go to Kure It Cancer Research, and the remaining 60% goes to a charity of the storage facility’s own choice. Facilities can choose from the nonprofits on Charity Storage’s list, or they can donate to a local organization. It’s always good to hear of auctions and self storage owners giving back to the community. This white paper identifies major trends and best practices in rate management, occupancy analysis, rental contracts and profit management.
With the exception of Alaska, the state has more miles of running water than any other state. 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. The pair leads viewers through the process of bidding on and winning abandoned storage units, appraising the items found within, and selling the most lucrative and interesting pieces to experts or collectors.

The A&E series a€?Storage Warsa€? debuted in December 2010, and since then multiple spin-offs have taken flight. Ita€™s important to remember that storage operators never want to auction a unit, as it only affects them negatively. Producers of the popular series a€?Storage Warsa€? have admitted that over 400 hours of footage is shot for every one hour that makes it on screen.
Attendees can simply look into the unit and are not permitted to touch anything inside the unit.
And unless the buyer can resale the items (the ones in good shape anyway, because trust me many things are broken and damaged) for more than they paid at auction (minus disposal and labor costs) they could still lose money on it. And, although not likely, there is always that small chance you could find the next $2 Million comic book! I wonder what kind of stuff people would find if they decided to auction off my own storage unit.
Much like donating to Goodwill, contributors receive a tax-deductible receipt for their donations. 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 information in this advertisement is correct to the best of our knowledge and in no other way can we guarantee accuracy of it. Because of the popularity of these shows, the interest level in actual storage auctions has risen to an all time high. Basically they have to bid on what they see, and what they think may be inside of boxes and furniture or underneath visible items. If you havena€™t been to a storage auction yet, it is definitely worth a visit just to see it for yourself. With over four million people in the state, the number of storage units in Kentucky is quite high. Basically, they edit the show to look like one auction is much larger than it really is, and that it all takes place at one facility on one day.
And, just like the shows portray, all of the contents of a unit are sold to a single bidder as one transaction.
In almost every auction, there will be garbage to dispose of from inside the unit, for which you as the new owner are now responsible. The first storage unit door was opened and it revealed lots of furniture and household goods. Pennsylvania and Maryland, where all our Moove In Self Storage facilities are located, require the contents of one unit to be sold as a lot a€“ meaning if you win the bid, you now own everything inside that unit. Unfortunately, it was later discovered to be stolen from actor Nicolas Cagea€™s home in early 2000. There are only a few states, including Alabama and Kansas, which are required by law to sell items one at a time.
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