Self storage facilities are well accepted in the country for the extra storage space it provides for people who have too much stuff to fit into their homes but are unwilling to let go of their personal items. In the United States, storage facilities are legally bound to put out a self storage auctions list from time to time to vacate storage units whose renters have not been able to pay their rental fees for a period stipulated in the state jurisprudence covering storage facilities.
Businesses have also been known to take advantage of these self storage facilities for their excess inventories, office equipment and supplies, and archived records. When these units are put on the self storage auctions list, the renters often do not have any other choice but to let go of whatever is in their unit. Although, the lien law provides that renters have until the starting time of the auction to negotiate with the owners of the storage facility and pay their overdue bill to take their units off from the listing.
Your local newspaper would be a good source of information on where the next auction is. The self storage and auctions section of your local newspaper’s classifieds pages would normally have a self storage auctions list – look for public notices for lien sales. Another good place to search for a self storage auctions list in your area would be the internet where you can find websites that specialize in publishing lists of self unit auctions in different areas all over the country. Independent auctioneers contracted by storage facility owners to conduct lien sales are also known to publish schedules of auctions in separate storage facilities or in a string of storage facilities known as “roving auctions.”
It is important to remember that while you can make handsome profits from a “loaded” self storage unit, it is also possible for you to lose out by bidding too high on a unit that contains items that are only valuable to its owners such as old photos and memorabilia. Majority of the people who are interested in a mini storage auctions in their area are usually doing it for business purposes, intending to make a huge profit by selling whatever they get from the auctions. By doing your homework and getting a self storage auctions list of lien sales going on in your area, you will be able to scope out your options.
You can also plan your strategy beforehand and make the necessary arrangements to ensure that you will be able to bid wisely, take home your winnings in the most convenient manner, and then put up your winnings for sale.
Be sure that you understand that an auction can be a very exciting surrounding, and a mini storage auction is going to be the same. Discover more on tips that would earn you extra more with self storage auctions list at: mini-storage-auctions.com