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Colorado storage auctioneer Rich Schur credits the TV craze with removing the stigma from storage auctions. Larry Morgan, co-founder and president of Sacramento, CA-based RL Liquidators, which conducts both on-site and online auctions, said online auctions eliminate the single biggest pain of traditional lien sales. Every state has its own laws governing when and how lien sales are to be held, as well as how the proceeds are to be handled.
State laws typically provide strict auction timelines, such as 30 days delinquent, to protect a tenant’s rights.
Most states require storage facilities to notify delinquent renters of their intent to auction the unit’s contents and include an inventory.
For a typical commission of 20 percent to 30 percent, a professional auctioneer will take over the inventory, documentation, marketing, sales and billing functions of your on-site auction. Facilities in remote locations or with only the occasional lien sale can expand their bidding pool through an online storage auction. Morgan said first-timers always fear that online buyers won’t show to clean out their units. If a buyer asks for more time to clean out a unit, offer to rent a larger unit at a discount for 30 days.
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. Moving home can be one of the most stressful times of anyone’s life, statistics show that moving home is more stressful than having a baby or starting a new job! When people think of self storage, they think of Business owners renting space to store all of their stock and other important products.
If you was to self store 80% of your home into a storage unit, once that day finally arrives you will already be set to go, you can just send the removals team down to the unit to collect all of your boxes and furniture, this leaves you room to clean the house from top to bottom ready for the new owners.
Storage units are incredibly flexible and come in wide range of sizes, from small little safety boxes up to huge rooms with double doors. Self storage facilities have some state of the art security systems, afterall, they are looking after some pretty important and expensive items!
Most storage units are available to access 24 hours a day 7 days a week and 365 days a year, so you can access your possessions any time you wish! Storage facilities will not do the packing for you, it is up to you to store your items well and make sure they cannot be damaged, if packed correctly, all should be fine within the storage facility. Biography: Storage facilities are great for all types of items, they can even store cars for you in locked garages, this is great for when you declare a car off-road and wish to sell it online, it is also good for preserving a car and keeping it away from the weather. With more self-storage operators expressing interest in online auctions, The Storage Facilitator decided to examine their advantages, disadvantages and legal implications. All else being equal, online auctions are more lucrative than traditional, in-person auctions. The online format lets buyers bid on several units at the same time from home, work or pretty much anywhere you can get an Internet connection. Another advantage of the online auction format is that it actually prevents items from being sold at auction.

When sending a lien sale notice by email, the facility owner adds a link to the online auction; then, with the click of a button, the delinquent tenant sees his or her items up for auction, watches the clocking ticking down, and is more motivated to come up with the money. About five years ago, veteran self-storage auctioneer Wayne Blair ran a few online auctions. Still, the legality is open to interpretation in many states. “The states will need to address this issue,” Blair said. Until a disgruntled tenant files a wrongful foreclosure lawsuit against a self-storage facility after an online auction, state courts probably won’t be forced to weigh in. That being said, Kaslow doesn’t expect to see much pushback from state legislators in the future.
With help from the Self Storage Association, a handful of state legislatures have updated their lien laws to explicitly allow online auctions. For the time being, Connie Heyer, legal counsel for the Texas Self Storage Association, recommends using online auctions as a “supplement to” rather than “in lieu of” an in-person auction. Finally, if your state has its own auction laws, familiarize yourself with them, as these laws certainly could apply in this complicated area. This former chemical reclamation facility is located within the Metroplex and features an active rail spur, covered truck loading area with two semi-dock high truck wells, 14'-27' ceiling clearance, 2,000 sf of office space, previously had an existing RCRA Part 2 Permit to handle hazardous waste materials with fenced parking on 2.21 acres. If you would like to send this property to a friend that you think may be interested, please complete the form below.
All bidders are required to register and give full identification prior to the beginning of the auction and are required to use the number issued to them when identifying themselves as the successful bidder. All lots are subject to Sales Tax of unless a valid Tax Exemption Certificate is provided by the purchaser. If the auctioneer determines that any bid is not commensurate with the value of the unit offered, he may reject the same and withdraw the unit from the auction, and having acknowledged an opening bid, he decides that an advance is not sufficient, he may reject the advance. Ownership of items in the unit (with the exception of that noted in line 16, below) passes to the buyer upon payment; thereafter the property is at the risk of the buyer and neither the seller nor the auctioneer shall be responsible for loss or damage.
All purchases must be paid in full by the close of the Auction and the buyer must place their own lock on the unit.
The above stated conditions of Auction cannot be altered, except in writing by an officer of the auctioneer. Bidder does hereby indemnify and hold harmless Auctioneer and Seller from any and all damages, claims, or liabilities from injuries to persons or property of any type whatsoever caused during the auction or by removal of the items purchased.
BIDDERS MUST AGREE TO THE ABOVE TERMS & CONDITIONS OF THE AUCTION PRIOR TO RECEIVING A BID CARD. Bidders love them for the get-rich-quick thrill of the hunt, fueled by the popular “Storage Wars” reality TV show.
Most would rather face root canal surgery than the massive headache of the lien sale process. Be sure that the tenants’ rights and responsibilities portion of your rental agreement clearly aligns with your state’s laws. It’s to vacate the unit legally in the most cost-effective manner so that it can be rented as soon as possible.
To minimize liability risk and avoid turning off bidders who watch for signs that a storage unit’s contents have been cherry-picked, Schur recommends adopting the industry’s “threshold” standard. Some facilities group together several lien sales to make the most of an auctioneer’s minimum fee, typically around $250.

This white paper identifies major trends and best practices in rate management, occupancy analysis, rental contracts and profit management. There are things you can to make things much easier, one of these is the use of self storage facilities. More and more people are turning to self storage when moving home, this saves a lot of time and hassle as you are able to pack up your possessions nicely into boxes way ahead of the actual moving day. Most facilities also have forklifts and trolleys to help you navigate through the vast corridors they have. Most removal companies actually prefer to pick up from these types of facilities as it makes their job so much easier, there is no tight doors or spaces to get through, it is so much easier for them! Storage units are not that expensive to keep, the bigger you go the more you pay, it is as simple as that! He draws on his personal experience as a mini storage property manager to answer questions pertaining to storage auctions and to provide insights into this complex industry.
No longer do buyers have to spend time and money traveling to facilities to bid on auctions.
Representatives of SmartStop Self Storage say their online auctions free up two to three manager workdays every month that otherwise would be spent on traditional auctions.
For example, laws in Texas governing online storage auctions were written back in 1984, when the Internet was in its infancy. He speculates that the only group with a potential economic interest in preventing updates of state lien laws could be traditional auctioneers. 1, 2013, self-storage operators in North Carolina and Maryland will be able to hold lien sales through online auctions.
By using online bids as starting points for the in-person process, self-storage operators can ensure they’re complying with state lien laws. To send this property to multiple friends, enter each email separated by a comma in the 'Friends Email' field. The deposit shall be refunded when the unit is completely cleaned out and the buyer’s lock is removed. These may include, but are not limited to, personal effects including photographs, paperwork (e.g. All proceeds from auctions go directly to the Surrey Hospital and Outpatient Centre Foundation. Whether it’s following state laws to the letter to prevent post-sale litigation, shelling out for the auctioneer or enduring the mini-invasion of bargain hunters on sale day, auctioning off the questionable treasures from a tenant’s unit rarely seems worth the time and effort.
I used self storage when moving to London, I looked up some Cambridge removal companies and chose the best one. When owners of units do not pay their bill, the storage company will auction off the unit to help pay for the bill, more more about auctions you can see our auction list here. He educates operators about the risks, provides a legal disclaimer and encourages them to examine their states’ lien laws.

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