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Storage Unit Auctions - No WAR

April 10, 2012 | Comments: 0 | Views: 167

Many have seen the reality TV shows featuring storage unit auction hunters in the United States, It can be exciting to learn about how you can get in on the action. With the right information, you can be successful at it.

These types of auctions have been around for some time now. Recently, people have begun paying more attention to the potential profits of a well-stocked storage unit.

Keep in mind,, bring plenty of cash with you. Most likely the storage companies will only accept cash. That brings another problem. If you are carrying large amount of cash, take extra steps to keep it in a safe place. In Smaller towns, you may have a smaller audience, and more success. In large cities, it has become a novelty, and people are taking great interest in the "grab bag" approach to purchasing a storage unit. Some have been very successful when bidding in an auction.

The auction you plan to attend may get cancelled half an hour before it is set to begin. This could be because the original renters suddenly arrive to pay their monthly rental. These companies cannot continue an auction if the renter pays up; in such cases, all of the auction hunters must move on to the next storage unit that is up for bid.

What to expect during an auction?

This is unlike estate auctions, a storage auction is far less formal - all bids are given verbally, and the people just stand around a space that is being auctioned off.

When going to the auction look for storage bays where most items are visible from the outside. Items that are perhaps, out of the box, or that cannot fit in a box. Furniture in good condition is a good choice for resale. if you plan to do so locally, you don't want to haul it around too much. Your costs will go higher.

If you have specific storage companies in mind, you can try looking for the company's website to get a hold of their email address and telephone number. Reaching a company through telephone is one of the best ways of communicating with these facilities. This is much more specific, and closer to your home town.

These auctions seem to attract people who have extra money and want to invest in goods that can be re-sold through store fronts or online. Experienced storage unit auction hunters know how to turn a profit by perhaps setting up small stores, or large Online stores, or both. In this way they can earn a profit from the goods that they've picked up from storage unit auctions.

Esther Brown is a writer who enjoys writing about activities that will benefit others. In this case, you will learn how to earn income through storage unit auctions. You can check out her website at Storage Unit Auctions Where she provides an overview of storage unit auctions. There are some important tips to be aware of. Storage Unit Auction Tips and more information in this area of business.

Source: EzineArticles
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