How Are Storage Auctions Freeing Up Entrepreneurs?
Self storage auctions are gaining more and more public attention thanks to popular reality television shows such as Storage Wars and Auction Kings. Aside from the purely sensational aspect of watching an exciting bidding war and seeing the ultimate reward of an auction hunter reselling their newfound items for tremendous profit, these shows are revealing a once well-guarded secret to supplementing one's income via repossessed storage locker sales.
Each time a self storage company has a thoroughly delinquent tenant, they can opt to repossess their storage unit and all its contents, and ultimately sell the unit via public auction. The mini storage company will do this in order to recoup some of their financial losses due to extended non-payment of rent. What does this mean for the average entrepreneur that lives near a storage facility? Simply that semi-regular storage unit auctions are providing an often untapped resource for gaining large amounts of retail inventory at incredibly discounted rates.
With the increased awareness of these lucrative storage auctions comes positive and negative changes for self storage facility owners and operators. One common complaint circulating the self storage industry is that the new influx of inexperienced auction hunters are grossly over-expecting massive returns on their investments, and their resulting frustrations with finding little of value in some auction units leads to bad behaviors like property damage and failure to totally empty a repossessed storage locker.
All the same, many property managers and storage auctions experts agree that the increased public awareness of local storage sales is, overall, a great boon to their industry, as it increases the visibility of their brands and properties, increases the average auction income when reselling delinquent storage units, and increases public foot traffic to their companies.
Whether you are a season veteran auction buyer or a newcomer to the exciting world of repossessed storage lockers, you can use these special sales, whenever they occur in your area, to supplement your monthly income and realize your dream of running a successful home business. Thousands of savvy and motivated auction buyers all over the country have already used a local storage sale to quickly obtain a high volume of valuable merchandise that could then be refurbished and resold for great profits. In fact, some have even found success with using these local storage sales to turn their basement into a flexible home office. Whether you decide to monetize your storage auction purchases by setting them up at yard sales, or posting them on one of the web's powerful online auction sites, like eBay, you can decide when and how much to work.
Each time a self storage company has a thoroughly delinquent tenant, they can opt to repossess their storage unit and all its contents, and ultimately sell the unit via public auction. The mini storage company will do this in order to recoup some of their financial losses due to extended non-payment of rent. What does this mean for the average entrepreneur that lives near a storage facility? Simply that semi-regular storage unit auctions are providing an often untapped resource for gaining large amounts of retail inventory at incredibly discounted rates.
With the increased awareness of these lucrative storage auctions comes positive and negative changes for self storage facility owners and operators. One common complaint circulating the self storage industry is that the new influx of inexperienced auction hunters are grossly over-expecting massive returns on their investments, and their resulting frustrations with finding little of value in some auction units leads to bad behaviors like property damage and failure to totally empty a repossessed storage locker.
All the same, many property managers and storage auctions experts agree that the increased public awareness of local storage sales is, overall, a great boon to their industry, as it increases the visibility of their brands and properties, increases the average auction income when reselling delinquent storage units, and increases public foot traffic to their companies.
Whether you are a season veteran auction buyer or a newcomer to the exciting world of repossessed storage lockers, you can use these special sales, whenever they occur in your area, to supplement your monthly income and realize your dream of running a successful home business. Thousands of savvy and motivated auction buyers all over the country have already used a local storage sale to quickly obtain a high volume of valuable merchandise that could then be refurbished and resold for great profits. In fact, some have even found success with using these local storage sales to turn their basement into a flexible home office. Whether you decide to monetize your storage auction purchases by setting them up at yard sales, or posting them on one of the web's powerful online auction sites, like eBay, you can decide when and how much to work.
Source...