How Do Self Storage Auctions Work

Self storage companies sell the contents of customers spaces to recoup losses only after the customer has failed to pay rent for a period of time set by law and has not responded to several formal requests for.

How do self storage auctions work.

An auctioneer is brought in and the units are auctioned off to the highest bidder. Though most self storage companies have never participated in that show many if not all do host auctions throughout the year. If the renter stops paying the monthly fee on the storage unit the rental company must go through a series of actions in order to secure the legal right to auction off whatever is inside the procedure varies from state to state and sometimes from county to county. How to bid at storage auctions.

The winner generally has 48 hours to remove the contents and sweep the unit. Many bidders do find money jewelry antiques tools and collectibles at storage auctions. After a storage unit has been abandoned or gone into lien self. Storage facilities can streamline their auction process by listing their inventory in one place for both live auctions and online auctions.

How storage auctions work. As an owner of storage facilities for over 20 years and doing my live auctions myself that whole time it didn t take me long to see the benefits of using the internet to promote my auctions. In the event that your unit goes to auction it s important to understand the lien process and the laws surrounding it. The storage auction process is extremely time consuming and stressful so most managers will be happy to work with you to come up with a solution.

For a monthly fee storage unit companies. How do storage auctions work. How do storage auctions work. Storage unit auctions allow the public to bid on the contents of a storage unit that was rented by someone.

How does a storage unit auction work. Getting thousands of viewers having hundreds of click throughs to the details in a unit more bidders are going to equal more money for a good unit. At the end of the auction the highest bidder wins the entire content of the unit. Bid on self storage auctions online.

After a storage unit has been abandoned or gone into lien self storage facilities may schedule an auction to clear out items.