Do Storage Unit
Auctions Really
Happen?? And are
they profitable??
A Report by Drew Sorensen
Copyright © 2008 by Drew P. Sorensen. All rights reserved.
This publication is designed to provide accurate information in regard to the subject matter covered. It is offered with the understanding that the author and publisher are not engaged in rendering financial or business services. This ebook is not intended to be a substitute for professional advice.
Have you heard someone mention storage unit auctions as a good way to find merchandise to sell? Not sure if they really exist?
They Do!!
And they are happening every day!
Yes, it is true! Storage unit auctions do exist and they are happening everyday! A Storage unit auction happens when a storage unit renter becomes delinquent or behind on their payments. They are sent letters and called several times warning them that if they do not catch up on their payments that their unit and whatever items in it will be auctioned off. The owner of the storage unit complex is required to list a classified ad in the legal notices section stating when they are intending to auctions off a storage unit. This is probably the best way to know of auctions going on in your area!
Find an Auction!
First things first you need to find out when and where these auctions take place. The best place to look is in your legal section in your local newspapers' classifieds. You will see what complex is having the auction as well as day, time, and units being auctioned off that day.
Go to the Auction!
Next you will want to pick out one that you can attend. Make sure to show up at least 15 minutes early. Most places have you sign in if you are going to be participating in the auction. A lot of places also only except cash! So make sure to bring some! This also a good time to get to know some of the other auction goers most are more than willing to share their knowledge with you!
The Auction Begins!
Let the fun begin! Some storage complexes hire auctioneer companies to perform their auction or some just a manager performs the auction. They will take you to the first unit up for auction. The lock will be cut and the door will be opened. This is where a big flash light comes in handy! Most do not let you enter the room you have to stand in the door way and take a quick peek. Usually they will give everyone adequate time to take a quick peek at what is inside before they begin the auction. They will then start the auction. It is verbal so if you intend on bidding make sure they know you are!! Happy Bidding!! There are tons of tips and techniques used but I am not going to go too in depth in this ebook!
You Won!
Once you have won an auction you will want to have your own pad lock to lock your unit up as the auction continues. Once the whole auction is complete you will have to go to the office and pay for your winning bid. Like I said before most places only except cash so make sure to have some! Once you have paid the unit is all yours including everything in it! The storage complex will usually require you to have it cleaned out in a few days. Some will require a cleaning deposit to make sure you don't leave junk in it. Now go look and see what you won!! This is also where a truck or trailer comes in handy!
All stocked up now Sell that Stuff!
Now that you have won a bunch of stuff you need to sell it and make big profits!! Wondering what kind of stuff you will be winning in these auctions to sell?? The sky is the limit. Some usual stuff is furniture, appliances, home goods, sporting goods, anitques, cds, dvds, all sorts of stuff you never know what you may find!
I like to sell my smaller collectible stuff on Ebay. The bigger items that would be near impossible to ship I put them up on my local craigslist as well as local classifieds.
The next few pages will be some examples of what I have won at auctions and how much I have paid for auctions and how much I profited! Enjoy!
My very 1st storage unit that I won! I paid a total of $40.00 for it! It was a smaller closet size storage unit. Here are a few things that I found in it! Brand New Violin!!Sold on Craigslist for $100!! |  |
 | Snow Skis and Gear! Sold on Craigslist for $60!!
|
Tanzanite/Diamond/18k Gold Ring!! Sold on Ebay $140!! |  |
 | Amethyst/Topaz/14k White Gold Pendant!! Sold on ebay $40!! |
This was just a few things from this auction that I
sold! I think the total for the particular auction was
in the $500 profit range!! All that for spending
40 Bucks!!
Here is another example. This was 2 units
auctioned together they were owned by the same
person. I won them both for $240! Here are some
things that were in this unit!
 |  |
Red Genuine leather Sofa and 2 recliners. Sold
these on Craigslist for $200.
A whole bunch of American Eagle clothing! Sold this group of shirts on Ebay for around $75! There were also about 5 pairs of AE jeans that sold for about $15 a piece! |  |
 | Dj Equipment! Sold on Ebay for $120! There were also around 500 vinyl records which got me around $400 |
This was just a few things in this auction I won! My
profits from this Auction were $1000-$1200 on the
$240 I invested! Not too bad!
So if you were skeptical about whether these really exist and if there was any money to be made doing this, I hope I showed you that it is possible and it is quite easy.
I however barely scraped the tip of the iceberg on this topic! For more in depth knowledge on this subject be sure to check out:
If you are looking some help getting started try checking out the following!!
This is a great informative Ebook all about Storage Unit Auctions. it really goes into the details and equips you with all the information you nee to be successful going to storage unit auctions!! Definitely Check it Out!!
Feel Free to email me if you have any questions on storage unit auctions!! asaweekly@yahoo.com
