Self Storage Auctions Are A MONEY Making Opportunity

Here is a 21 minute VIDEO from CBS5.com, KPIX TV. It is very informative about auctions, and self storage auctions in the S.F. area. The information about self storage auctions starts about 18:50 and lasts until the end.

How to Make Money With Self Storage Auctions
By Bob Mathers
Platinum Quality Author

The first time I happened upon this somewhat unknown way of getting some really nice stuff, and sometimes real 'treasures' was when I stopped in at my local self storage unit to pay my bill, and happened to see an auction sign posted. I asked the lady what that was about and she told me that after a period of time they auction off the unit's contents for non payment of rent. So after finding out the particulars, I decided to check out the next auction that Thursday.

The day of the auction I got there just about the time the auction started. They had about 8 units to auction off that day, and although I had been to auctions before, the way they did these was a bit unique. What they would do is to go to the unit to be auctioned, unlock the unit, and literally give you about 5 seconds to poke your head in along with everybody else, look around, and then the bidding began. Usually the units would be auctioned off in about a minute or two at most.

I didn't buy anything that day, but later went to another the next month, and bought the contents of a small unit. Although there was a lot of junk in the unit, after going threw the lot, I found almost 300 fairly old comic books, mostly covered, and some jewerly, well worth the $175 I paid for it. I've since bought some other units, and have found some really nice stuff including some antique glassware, lots of nice furniture, and other treasures.

A couple of tips; as with any auction, until the auctioneer gets to know you and your way of bidding, make sure he knows that you've bid, and know what you're willing to pay before they start the auction. Don't get caught up in the moment, and wind up paying more than you wanted to.

Another thing to be aware of is that oftentimes you're bidding against people who are 'regulars' looking to buy for their auction house, or store, so don't be put off by the fact that one or two people seem to be outbidding everyone else. Take your time, start off with a smaller unit and you'll eventually get one. You may wind up with a lot of junk that you have to get rid of, or you could wind up with some real treasure.

I've heard many stories, but the one I like best was told to me by another bidder. He said that he was at an auction, and there was a medium sized unit that really looked like it had a bunch of garbage and wasn't going to bid. At the last moment he threw his hand up and bought the unit for $125. Later that evening, he got in there and started looking around and found some crates. When he opened the crates up, what he found was pieces of a motorcycle. After opening all the crates, he realized that he had a disassembled Harley Davidson Motorcycle!

You really never know what you're going to find. Happy treasure hunting!

Bob Mathers has been involved with Network Marketing for several years. His current website is...Create Retirement Style Income from Home

Article Source: http://EzineArticles.com/?expert=Bob_Mathers

For more detailed information and a systemized approach on how to make money at Self Storage Unit Auctions check out the following ebook.

Here's some of the information that you'll discover in the 92 information packed pages of Storage Auction Secrets:

* How and where to find the Self Storage Auctions in your area.

* What you can expect to find inside the self storage unit.

* An exclusive "Goal Setting Workshop" and "7 Day Action Plan" to guide from beginner to Storage Auction Pro!

* The storage auction "Survival Kit" that lists everything you should bring to the self storage auctions.

* The one thing to never do after an auction ends.

* How the entire auction process works.

* Different types of auctions you may encounter so you'll still be successful even if you go to an auction that's run a little differently than others.

* The one thing you should bring with you to any self storage auction.

* How to handle important personal document and items that are sometimes found inside the unit, so you don't run afoul of the law.

* The one thing you need to smell for before bidding on any self storage unit, so you don't buy a unit full worthless junk. (yup, smell!)

* What types of self storage auctions to never bid on so you don't get taken by unscrupulous self storage unit landlords.

* What to do with the items inside the unit that you don't want.

* How to evaluate the outside and inside of the self storage unit, so you can decide how much to bid on the contents.

* In-depth strategies for selling your finds so you can make a massive profit as quickly as possible.

Have you run out of inventory to sell on your eBay auctions because you have sold all the excess stuff from you house? One popular method to replenish this inventory is to frequent the garage sales, thrift shops and try to buy stuff at a good price to sell. This could yield a couple dozen of items costing a couple hundred dollars over a day. What if you could acquire a whole closet or garage full of stuff for only a couple hundred dollars or less? This is what occurs at self storage unit auctions every day.

FOR NEWBIES - At most self storage unit auctions you are buying the whole thing, the whole kit and caboodle that is in the storage unit. This includes the unseen treasures and the trash (but one persons trash is another persons treasure). You can not rummage through the boxes or go into the unit before bidding. You are allowed only to look inside. Some buyers bring high power flashlights with them to help light up the back of the unit. This is especially helpful if the self storage unit is located in an inside hallway where light is not very good to begin with.

After you successfully win the unit you bid on, everything in the unit is yours (some self storage facilities request personal papers ((birth certificates, pictures, diplomas, etc) be sorted which are stored for a period of time to be claimed). You will be required to pay the auction price, usually in cash (so bring lots of cash). You may be required to put up a cleaning fee to ensure that the unit is cleaned out satisfactory. You may not be allowed to use the dumpster at the storage facility for the trash you find in the unit. This is because if they allowed 10 or, 20 people from the auction to use the dumpster, it would fill up and extra dumpster pickups cost somebody money. The storage facility may give you a couple of days to clean out the self storage unit. So if you are interested in the large units, you may want to bring a big truck or trailer. You may need a lock to lock the unit when you are not there so bring one along.

One method of cashing in on Self Storage Auctions is to sell what you acquire on eBay. Here is a free guide to selling on eBay. No opt-in, no sign-up, NADA.

Click on Image to Download NOW!

FIND OUT HOW

This picture of one of the more promising self storage units that I have seen going up for auction due to non-payment of rent. The storage unit shown on the right is 10 feet by 20 feet deep in size. That is the size of a one car garage. As you can see, the stuff is pack in there pretty tight.

The story behind this self storage unit is that the elderly lady who owned this stuff died and the heirs were not interested in paying the rent due and claiming the goods in the storage unit. Looking from the door, some of the things I was able to see in this self storage unit are the refrigerator, a washer and dryer, a barbeque, an inexpensive pool table that has been take apart, some sort of weight exercise machine that has been taken apart, some garden tools in a trash can, an automotive parts cleaner basin, numerous wooden chairs, a box of books, a couple of coolers, small snow blower and an aluminum ladder. AND... these are only the some of the things I could see. Who knows what is in a box on the ground against the back wall in this self storage unit. Could it be jewelry, rare books, old china and the list could go on. Who knows what is in the back 5 to 10 feet of this self storage unit except the buyer of this unit and the lady who owned, died and may have forgotten about it anyway?

You could rent the self storage unit the stuff is in for a month to give you some time to sort through the stuff. The stuff you do not want you could sell to antique dealers, second hand furniture dealers, an auction house, at garage sale, flea market, swap meet, on eBay, or even on Craigslist.org. The other stuff you can donate to the Salvation Army, Goodwill (and take a tax deduction) or take to the dump.

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