Help! I Can't Find Storage Auctions in My Area
Storage auctions offer a fun and rewarding way to put some extra cash in your pocket. As you may already know, self-storage facilities auction off the contents of units when the tenant fails to pay his or her rent. The highest bidder receives ownership rights of any property left behind in the abandoned unit, which can be anything ranging from old furniture and television sets, to collectibles, cash and even jewelry. But what if you can't find any storage auctions in your city or area?
Conventional wisdom should lead you to believe that you'll have a hard time turning a profit in this highly competitive industry unless you can find plenty of storage auctions to attend. Unfortunately, this is where beginners have the most trouble: they may find one or two auctions, only for their leads to grow cold afterward. That's why today we're going to offer some helpful tips on how to locate storage auctions in your area.
Before we begin, it's important to note that most states have laws requiring self-storage facilities to announce upcoming auctions. This is done in an effort to create a fair environment for both the bidders and the previous tenant, giving the previous tenant a chance to recover his or her property (they'll have to pay back rent).
Check the Local Newspaper
Because storage facilities are required to announce upcoming auctions, you can often find these auctions listed in the local newspaper. Pick up an issue of all local newspaper to circulate throughout your city, checking them for storage auction announcements. Not every paper is going to list storage auctions, but with a little bit of digging you'll definitely find some that do.
Of course, another idea is to ask around. When you're waiting around for the auctioneer to get started, ask the other bidders if they know of any upcoming storage auctions. Yes, other bidders are your competitors, so some may be reluctant to provide you with this information. But most bidders are friendly and more than willing to help out. Besides, it can never hurt to ask.
Buy a List
The easiest and most effective way to find storage auctions in your area is to buy a list, such as the one offered here at StorageAuctionList. Basically, this is a newly updated list of all upcoming storage auctions. Instead of exhausting countless hours into searching for storage auctions by hand, you can simply buy a list. This simplifies the process, allowing you to focus on other, more important aspects of running your business.