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Self Storage Auction Tips


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    In these difficult economic times, you might be looking around for a good way to make a little bit of extra spending money.  And really, there are a lot of ways in which you might set about accomplishing this.  Of course, one of the best ways that you can make yourself a few extra dollars is by attending a few self storage auctions.  Sure, this may seem a little bit complicated at first, but once you begin to get your feet wet, you are going to realize that there is not much that goes into making a few extra dollars at your local self storage auctions.  Simply follow the advice that you find here, and you are going to be well along your way before you even know it.

    There is something very important that you have to know before you begin to attend your local self storage auctions.  You absolutely have to show up with a  truck.  If you do not show up with a truck, you are going to get yourself into a world of pain.  Indeed, typically speaking, you are only going to be given twenty four hours to clear the unit that you win in your auction.  If you happen to win a five by ten or a five by five, then this may not be much of a task at all.  If, however, you end up winning something like a ten by thirty garage style unit, then chances are that you are going to have quite a lot of stuff to get out of that unit.  By bringing a truck with you, you guarantee that you are going to be able to clear the unit out within the time frame that you are given by the property managers.  You might even consider showing up with a moving truck if you know that you are going to be bidding on the larger units.

    The second bit of advice, here, is to be sure that you bring cash.  Typically speaking, property managers are not going to accept checks or credit cards when it comes down to auctioned units.  Be sure that you show up with at least a few hundred dollars in cash.  If you think that you might be spending a bit more than that, then you are going to want to be sure that you quickly get an official check from your bank when you win the auction.  The last thing that you are going to want to do, here, is win a unit and then fail to make an appropriate payment.

    Finally, here, you are going to want to be sure that you are showing up at self storage auctions with a clear understanding of your strategy.  The last thing that you are going to want to do, here, is allow yourself to be swept up in the competition of the thing.  Do not bid on a unit simply because you want to beat someone else.  Only bid on units that are going to make you a profit, and only bid when you think that your bid does not exceed the value of the contents of the unit.  Sure, this advice may seem a bit elementary, but it may very way save you from spending way too much money on a unit that catches your eye.

    Self storage auctions are a great way to make a few extra bucks.  Simply be sure that you know what you are doing when you show up, as you are going to find that your competition can get rather fierce.  With a little bit of strategy, though, you can hang with all of the big guys.

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    Disclamer: This entry is intended to promote our partner StorageMart and some or all participants received compensation.