Join Our email List Join our email list to receive periodic notifications about upcoming sales and other auction related information. Auction closes in. High Bid : Bidder registration for our on-line auctions is fast and simple. Storage facility owners can choose from on-line and on-site auctions. Click here to find a list of our On-Line Storage Auctions.
They are basically a reality show with hours and hours of filming and editing to produce just one half hour show. Storage auctions in the real world are not that glamorous. However, they can still be a lot of fun if you know what to look for, are looking for something in particular, and you follow the proper steps and tips.
The only way you are going to learn how they work and how people make bids, is by watching at least one as a spectator. Storage units are typically not lighted inside.
Storage Unit Auctions: How to Make Money From Abandoned Storage Lockers
Even with hall lights nearby for interior units, you cannot see what all is inside that dark storage unit, especially if it is a rather large one. The sun can help light them up, but depending on the time of year and time of day, and even the direction of the sun in relation to that storage unit, it can be very hard to see what is in there. By law, no one is allowed to step into the storage unit until it has been sold.
That means the property manager, store owner or the auction bidders — no one is allowed. You are also prohibited from touching anything. So, the only way to have any idea what is in there is to have a flashlight handy, and a good bright one at that.
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Be smart and bid smart. Just like any type of auction, the bidding can go up, then down, then back up. We will typically assign a starting bid that we believe is reasonable for what we can see is in the storage unit.
Storage Auctions Michigan: See the Schedule of Storage Unit Auctions in MI
However, the goal is to get the unit sold so we can rent it to a new customer, which means you have some control with the bidding. Start small. Although purchasing a storage unit at auction can be quite fun and exhilarating, it can also be overwhelming if you are not prepared. You would be surprised at just how much stuff is actually in there!
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