Check out local storage unit auctions
Storage unit auctions occur when storage unit owners sell the contents of a storage unit for which the tenant has not paid the rent. Since people store all kinds of things in these drives, it is unknown what they will find in the storage. However, they will often contain furniture, antiques, camping equipment, or other valuables, as well as cars, boats, tools, and collectibles. You can usually find more than what is listed within the unit.
All sales are final
Storage units often hold auctions on a monthly basis, and attending an auction can be an interesting experience. For example, many storage unit owners only allow you to look inside the unit from the outside. This makes it almost impossible to find out what is inside the unit. Of course, this can make bidding for a storage unit a risky decision, as all sales are final regardless of the value of the unit’s contents.
Sometimes the units listed may not be available at the time of auction. This usually occurs because a tenant makes a last-minute payment or makes arrangements with the owner of the storage unit to pay later.
Transport unit content
After the auction is over, the winner of the unit has a limited time to clean up the contents. This time usually varies between a few hours and a few days. Sometimes a unit owner will allow you to pay an additional storage fee to allow for more time, but generally the units must be empty at the end of the day. Most unit owners will inform you of the allotted time before the auction begins. The easiest way to ensure that your content is delivered on time is to rent a box truck.
Unit elements
The contents of a drive can be a complete mystery, but there are a few tips to ensure you have the best chance of bidding on a profitable storage unit.
• When given the opportunity to look inside a unit, pay attention to the markings on the boxes, the condition of the boxes, and the logos on the boxes.
• Covered furniture can often be an indicator that the piece is valuable, or at least an antique.
• Labeled boxes can often help decide if the unit is worth bidding on. You may not want to bid on a unit full of photo albums.
Going back to earnings
The location of a storage unit can often be a great indicator of the value of the content within a unit. Warehouse businesses in business districts may contain units with manufacturing equipment or other business supplies. Storage units in wealthier neighborhoods can hold valuables like art, antiques, or other collectibles.
There are numerous avenues to sell anything you can find in a unit. The easiest would be online auction websites like eBay or Auctivia, but taking your loot to a pawn shop can also be an easy way to turn a profit.
Therefore, you may want to check out local storage auctions, as they will regularly offer interesting treasures. Because due to the risk of the unknown associated with a unit offering, you can often make substantial profits from repeat offers.