subject: Auction Storage Units - Everything You Should Know Before You Start [print this page] . Do you want to know how to make money out of these auctions? Wondering how you can find great items that can give you huge profits? Listed here are a few things to consider.
These auction storage units can be likened to a box of chocolates, it's like opening something and you just don't know what is in store for you. If you are not yet aware of what these self storage units are all about, here is a brief overview. People who need extra space to keep important belongings usually rent a self storage unit. When a renter fails to pay for the unit's rent until after their contract expires, the storage facility can put the unit up for auction.
Most of the time, these mini storage units are not really publicized on TV or radio. You be able to find auction storage units in your area. Try searching online or you can look up for companies and ask to be put in their mailing list. You may also find information in newspapers under the public announcement area.
If you are going to an auction for the first, you might find it not like the usual live auctions you might have been to. The most common process is where each bidder will have a chance to take a look at the contents of the auction storage units. Bidders will not be allowed to touch items, they will just have to make do with what they can see from the outside.
It is not as difficult as you might think, though. Especially in larger spaces, you will find some visible furniture or even antiques, or appliances. Smaller spaces can only house boxes that you are not even sure what the contents could be. In most cases, if these are beautiful boxes these just might contain expensive items like jewelries.
You have to be aware that you are bidding for everything that is contained in the auction storage units. You have to exercise your better judgment when placing a bid. You have to trust your gut-feeling, it is usually right. If luckily, you are the winning bidder, you will be given 48 hours to make a payment and clear out the contents of the unit.
True, participating in this type of auctions can be risky since you do not really know what could be in store for you but nothing is more exciting than knowing that you get something really expensive for only a few dollars!
