One issue with storage auctions is that they can be canceled with little or no notice to the bidders. This happens for several different reasons, and can cause problems for every bidder. One of the biggest rookie mistakes is to not call the storage facility before heading out. This is something that we stress to all of our subscribers!
Storage auctions happen when a person fails to pay the rent on their unit, but that person has until the day of the auction to pay. The number one reason that storage auctions are canceled is because the tenant paid just a few days before the auction, even though an auction date was set. Most storage facilities don’t want to auction off people’s belongings–it takes time and money to run an auction–so they would much rather receive the delinquent payment. Since auctions are posted 2 weeks in advance, a percentage of the units that were initially going to auction can be taken out of the auction if the tenants pay.
This can become a big issue in rural areas. If a facility only has 2 units going to auction, and the tenants pay, there is no longer a need to auction either unit. This is why it’s so important to call before hand. You don’t want to drive 45 minutes to an auction that doesn’t even exist anymore. In urban settings there are normally more units to go to auction, so the likelihood of every unit being payed for before the auction is much lower–but still, it’s better to be safe than sorry.
So do yourself a favor and call the facility the morning of the storage auction. It will take you 30 seconds, and if you’re a subscriber to StorageUnitAuctionList.com, the facility’s phone number is provided right at your fingertips. This one simple safety measure keep you from showing up to an auction that has been canceled, which happens more often than you would think.