A few years ago, my husband and I were Self Storage Property Managers in Las Vegas.
I decided to have a Q&A with my husband about Storage Auctions!
Me: " How was your experience attending storage unit auctions different then what is shown on "Storage Wars"?
Charles: "The big difference is the show likes to focus on the quality units."
Me: "Please explain".
Charles: "People can make the mistake in thinking that every storage unit is a treasure chest...the opposite is true." "In fact, 95% of units sold at auction is junk...old cheap furniture, out dated electronics, moldy clothing and trash are usually the norm"!
Me: "Okay, but we've actually purchased or been given items from auctions. Don't you still think they're worth attending"?
Charles: "If you're looking for tools, household items, etc you might be able to make a deal with the winner of the unit."
Me: "Yes, do you remember Marcus getting that old green recliner from an auction"?!
Charles: "His captain's chair"!
|Marcus' favorite storage item purchase|
Me: "So, you don't think people should be grabbing their trucks and heading into this as a way to make a living"?
Charles: "It doesn't cost anything to attend and observe an auction. I recommend going to a few your local area. Listen, look and ask questions.
Me: "What should people bring with them if they plan on participating in a storage auction"?
Charles: "You need to have cash..no debit or credit cards or checks here. You'll need a truck or trailer...sometimes you can rent one at the storage facility but don't count on it. Most storage facilities only give you 24hr to remove the items. A powerful flashlight so you can view things inside the unit. Remember, in Nevada, you can't enter the unit." "Oh! And don't forget a lock"!
Me: "What was the best find that you saw at an auction"?
Charles: "A guy spent $250 for a 10x10 storage unit. The unit had a complete Mac tool set and rolling tool box..estimated cost $5000"!
Me: "What was the weirdest find"?
Charles: "A woman's ashes"!