Posted in Self storage

How Storage Auctions Work

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Storage auctions are currently the subject of a little bit of hype. Reality TV programmes like Auction Hunters or Storage Wars arguably make them look a little bit more exciting and profitable than they actually are, so it’s probably worth going over a few of the rules. Although there are fortunes to be made and excitement to be had from stumbling over long-lost treasures in an abandoned storage locker, it’s certainly not an everyday occurrence. Mostly, we need to auction of the contents of a storage unit to cover the costs from someone not paying their rent for an extended period. Don’t worry – we don’t start selling stuff off the second a payment is missed. The full procedure to contact customers and come to an arrangement that doesn’t involve the loss of any belongings lasts for 50 days, and the auction is always a last resort. On that 50th […]

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