Can you really make money buying storage units?
The reality show follows a group of people who earn money bidding on storage units that are up for auction. Making money with storage unit auctions is hard work, and if you’re not careful, you can lose a lot of money and get stuck with a lot of junk. However, it can be a fun and lucrative business if you do it right.
Can you make money buying abandoned storage units?
The reality TV series “Storage Wars” has made it popular for entrepreneurs to buy storage units abandoned by renters, and to profit from what they find in those units. Making money in this business takes knowledge of how items will sell, as well as implementing smart bidding strategies.
What should I look for when buying a storage unit at auction?
You never know where you might find a treasure within the storage unit you won at auction, so examine every item. Feel inside of pants pockets, go through drawers and flip through pages of books. Look in every nook and cranny of every item to be sure you aren’t leaving anything worthwhile behind.
Where to find storage auctions?
Lockerfox is the best place for you to find storage auctions all over the country. We have listings in most states and we’re adding more every day! But remember, it’s really important to understand what you are buying and where it comes from. Some abandoned storage units are just junk the tenant left behind.
What do you need to know about storage auctions?
Know the lien laws pertaining to storage auctions in your state. Perhaps the most important factor in holding a successful storage auction is understanding how to do it legally.
How to find public storage auctions?
It’s simple to find storage auctions in your area. StorageAuctions.com offers users the opportunity to search for an online storage auction by searching based on state, city, zip code, seller, or facility.
Does anyone go to storage unit auctions?
Basically, anyone can attend a storage unit auction. Children under 16 years of age are discouraged by some auctioneers and facilities due to the liability; although, this is rarely enforced. There are no special licenses needed. Every now and then, you may need to show valid state identification, although this is rare as well.