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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. Fortress-Secure Mini-Storage will be conducting a self-storage lien sale auction at its Arroyo Grande and Santa Maria locations on April 29, 2014. Todd Plastino, the managing general partner of Fortress-Secure Mini-Storage, invites all members of the public to attend. Fortress-Secure Mini-Storage has two locations: 2175 Willow Road, Arroyo Grande, CA 93420 and 1281 Furukawa Way, Santa Maria, CA 93458. Gina Plastino manages the Arroyo Grande storage facility, and she can be reached at 805-489-0500. Todd Moore manages the Santa Maria storage facility, and he can be reached at 805-922-7000.
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.
The manager needs to be in charge of the auction, not working on something else, said Paul Maglio, president and owner of Storage Auction Solutions in Middleton, MA.
A professional auctioneer can bring in $1,000, compared with the $50 a self-storage operator doing his own auction might make, Maglio said. Beware of getting too close to buyers who buddy up to you to unearth details about what’s inside the units. Maglio recommends placing security tabs on units with locks that were cut before the auction. Several dealers can agree among themselves to not bid against one of the dealers, who then buys the unit for next to nothing. As long as you advertise it well and run things correctly, you should be able to do the auction on your own. 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. While the public may be enjoying Storage Wars, response to the show from storage facility operators has been mixed to negative. Anyone involved in the storage industry has probably encountered this when they mention their line of work. Rather than responding to these questions with a diatribe about the annoyances of the show to the storage industry, however, Robert turns the conversation around to positively promote his own storage facility. “It allows me to say yes, but also to tell them that we allow a lot of small businesses a way to store their stuff and offer a variety of other services,” he said. Most people perceive self-storage facilities based off what they see on Storage Wars, but auctions are a small part of the storage industry. The next time someone mentions Storage Wars, take that as an opportunity to talk about what else your storage facility does. Strangely enough, Storage Wars can also aid in the problem of unreachable delinquent tenants. If you’re worried about delinquent tenants, bringing Storage Wars into the conversation may help make the consequences of unpaid rent more urgent and real.
It’s also valuable to familiarize yourself with websites like Pinterest and Tumblr, where a huge percentage of users are interested in neat collectibles, various knick-knacks, and quirky DIY projects.
Again, if you feel you will not be overwhelmed by bigger crowds, harness the excitement and interest generated by shows like Storage Wars and Auction Hunters. Unfortunately in the storage business from time to time we have to auction off contents of storage units for delinquent tenants. 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.
Please use newer version of your browser or visit Internet Explorer 6 countdown page for more information. 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.
Auctions take time you’d rather spend renting units and, when it’s over, you’ll probably get yelled at by someone whose stuff got sold. You don’t want to tell customers to call back because you’re “busy doing an auction,” he said. DIY auctioneers also tend to make up rules as they go because they feel like they own the stuff in the unit. 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. Because the shows are staged to make the odds of striking gold look high, overeager first-timers end up crowding real-life auctions and may very well overwhelm small operators. This week, we’ll be looking at how Storage Wars can help promote your auctions and facilities, so you can use storage auction shows for good.
Channel the interest and enthusiasm for Storage Wars as a segue to educate and endorse your services. Since the show aired, Robert told me response levels have greatly improved for his facilities.
Also consider using social media and web marketing to reach out to people who may not regularly attend your auctions.
Create a Pinterest board with cool items found at previous auctions, or simply use it to collect images of antique finds that get local viewers excited and inspired enough to check your auction out in the future. Much like donating to Goodwill, contributors receive a tax-deductible receipt for their donations.
When you arrive at the facility you sign your name on our bidder list, and you are issued a bidder number. 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. Give a half-month’s free rent to winning buyers who can’t clear out their unit in the required time.
Also, if tenants show up to pay at the last minute, they know that no one has rifled through their things. Tenants who didn’t respond to late-payment notices eventually will show up angry and frustrated. 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.
Attendees hoping to score big end up driving bids to unreasonable levels and forcing regular auction attendees away. There’s no doubt that the incredible presence of storage auctions in pop culture has increased the public’s awareness of storage facilities in general.
Once the auction has concluded, the buyer pays for the storage unit, and the items inside are theirs to keep. 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. Bidders and dealers have to store their stuff, too, and 90 percent of them rent storage units, Maglio said. All of a sudden, your previously calm self-storage facility has become the new hotspot for curious and fervent fanboys aspiring to be as casually successful as Barry Weiss.
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. Make it sound interesting, fun, and exciting— capitalize on the idea of hidden treasures, interesting antiques and unique knick-knacks. 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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Published at: Backyard Shed