Can you make money buying abandoned storage units?
Absolutely. Whether you’re the storage owner or a bidder, there is profit to be made on auctions. However, there are some risks. If you’re the owner and are auctioning, you would need to accept a bid high enough to recoup the losses from the previous renter’s failure to make payment.
Do people make money on storage auctions?
Who found 7 million dollars in a storage unit?
Dan Dotson
Dan Dotson, who operates his own auction house and stars in “Storage Wars” on A&E, recently recounted a crazy story about found money. Apparently, Dotson had auctioned off a storage unit for $500. The guy who bought it found a safe inside and got the surprise of a lifetime when he opened it – $7.5 million in cash.
What can you find at self storage auctions?
The wonderful thing about participating in self-storage auctions online is that fresh inventory pops up every minute of every day. You can find antique furniture, appliances, rare books, household items, plus so much more. Abandoned Storage Unit Auctions. Unfortunately, some people fall behind in paying the bill for their storage locker.
Should you buy storage locker auctions online?
Part of the problem with physically attending local storage locker auctions is that you can’t be at more than one place at a time. With the convenience of online unit auctions, you no longer have to map out an entire day attending auctions around the state.
What happens to abandoned storage units at auction?
Abandoned Storage Unit Auctions. Unfortunately, some people fall behind in paying the bill for their storage locker. Once the bill becomes delinquent, the facility manager has the right to put these abandoned units up for auction, making it easy for others to score great finds.
Why should I use storageauctions?
StorageAuctions.com’s goal is to make attending online storage auctions more efficient. We make it easier for not just the storage facility manager but also for those who go to the auctions. Part of the problem with physically attending local storage locker auctions is that you can’t be at more than one place at a time.