Introduction to Storage Auctions

The self-storage auction industry has been around for over a decade now.   Due to the hit TV show “Storage Wars”, the storage auction business has been recognized as one of the fastest growing businesses in the United States. Storage facilities host auctions on a monthly basis to sell the items that lessee’s leave behind when they default on their storage unit payment.

When a lessee fails to make payment on their storage unit, the storage facility has the right to have an auction and auction off the items in the storage unit.  The laws are not same in all states but the basics of hosting storage auctions are fairly universal. 

Many successful business owners have created their own small business through the process of buying items at auction for a low price and reselling them in their own store or on sites like Craig’s list, business website, or eBay.   The best of the best have years of experience in developing systems that include where to buy items in bulk and where to sell storage unit contents. 

   

Since the launch of the TV show it has grown increasingly harder to buy storage unit items at a low cost.  There can be as much as 100 people bidding on one storage unit at some auctions.  The norm is around 20-30 but the numbers are growing every day. 

There are some sites out there that can help you through the bidding process.  http://storagebattles.com is an online storage auction online where you can leave the crowds behind and bid on storage units from the comfort of your own home.

The Storage Auction Help Blog was created by and for storage unit buyers.  Our goal is to give self-storage unit buyers the best possible detailed information and tips on what they can do to become successful in the storage auction business.