What Are Mini Storage Auctions?
 
What Are Mini Storage Auctions?

Mini storages are a convenient and popular way to store a wide range of items, ranging from family photographs to furniture and other household goods. Many look at self-storage units and wonder "why I didn't I think of that?" Yes, it is a profitable business, but like with any other business, there are customers who don't pay. This is when a mini storage auction is held.

If you are unfamiliar with self-storage auctions, you may want to learn more. You may have a ton of questions. How are auctions held? Can you participate? What types of items are sold? If these are questions that you have, please continue reading on to get your answers.

As previously stated, mini storage auctions occur when a unit renter does not pay their bill. These auctions aren't the result of one missed payment. They are the result of multiple missed payments. The storage auction company in question will, in most cases, do everything in their power to get the renter to pay. However, there comes a point in time when they need to recoup their losses.

As for how self-storage auctions are held. It varies, depending on a number of different factors. Some states have strict rules, while others are more laidback. Many times, it depends on the storage unit company or the third-party hosting the auction. Most auction off whole units, including all of its contents. There are, however, auctions where you bid on one or two sealed bins at a time.

As for what items are sold that these auctions, you can find and buy just about anything. Items can include family photographs, financial documents, jewelry, clothing, home decor, furniture, and so forth. The only problem is that you rarely get to inspect the items. Most boxes and bins are left sealed. You may be able to quickly peek inside, but not physically inspect everything. That is why these auctions are referred to as being risky.

As for who can participate in storage unit auctions, anyone can. Depending on the state in question, you may be required to pay a small fee if you don't have a reseller's certificate. This fee, if it is charged, is small. To actively participate in a mini storage auction, you will need to have cash. The more the better.

As nice as it is to hear that you can participate in a mini storage auction, you may be wondering why you should. There are a number of different reasons. Are you looking for affordable merchandise to own? Do you like shopping at yard sales? If so, you may like attending and bidding at a public storage auction.

In addition to stocking your home full of affordable items, you can also profit from mini storage auctions. You do so by reselling what you buy. If you bid low enough, you may be able to make a substantial profit, provided you walk away with items that can be resold. When it comes to reselling these items, selling on eBay or hosting a yard sale is recommended.

As a recap, mini storage auctions are the result of unpaid rental fees. If you would like to bid at an auction or just see what one is like, look in your newspaper classified section. This is where you will find information on local auctions, including dates, times, and any necessary requirements.

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Avoid These Mini Storage Unit Auction Mistakes

Dos and Do nots for Mini Storage Auctions

How Much Can You Make with Mini Storage Auctions

How to Make Money with Storage Unit Auctions

How to Make the Most Money with Mini Storage Auctions

How to Prevent Your Storage Items From Being Auctioned

Make Money with Storage Auctions and eBay

Make Money with Storage Auctions and Flea Markets

Make Money with Storage Auctions: Reselling Options

Do you want to turn a profit with mini storage auctions? If so, are you just getting started? If yes, it is important that you take the time to research this great moneymaking opportunity

Making Money with Storage Auctions and Craigslist

Making Money with Storage Units and Yard Sales

Mini Storage Auction Reselling Tips

Mini Storage Auctions: Pros and Cons of Reselling Online

Mini Storage Auctions: Tips to Know What You Get

Mini Storage Auctions: What to Do With Junk

Mini Storage Auctions: What You Need to Know

Mini Storage Owners: Pros and Cons of Auctions

Mini Storage Owners: Why and How to Hold an Auction

Preparing For a Storage Unit Auction

Pros and Cons of Using Mini Storage Auctions for Profit

Storage Unit Auctions: How to Walk Away Making Money

Tips for Reselling Mini Store Auction Winnings

What Are Mini Storage Auctions?

What You May Find at Mini Storage Auctions

 

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