Storage unit auctions have become very popular due to the highly rated cable television shows that that are on television now, and people are clamouring to learn more about how they can create a business of their own buying them. There is a lot a person needs to know before trying out this industry, and I would definitely recommend getting some training first with online eBooks or courses. Another question is “Where to find storage unit auctions?”…
There is a lot of information online about where you can find them, but when first starting out you will want to narrow down your search quite a bit. Instead of wasting lots of money by driving hundreds of miles in search of a storage unit auction, start with the area surrounding your residence. Drive around your area and mark down any storage unit rental companies that you see for further research.
Around every residential area, there are always many different storage facilities and more are being built all the time. The foreclosure crisis has helped move families from huge expansive houses into much smaller apartments or rental homes, and they need someplace to store their furniture and goods that won’t fit. They turn to storage units and rent them on a monthly basis. However, because they may still be in a financial crunch due to the economy they are more susceptible to defaulting on their monthly rental bills and losing their possessions in a storage unit auction.
One of the first places that you should try in order to find a storage unit auction in your area is the white pages in the phone book. It is important that you have a phone number to call so you can form a relationship with a person at the rental facility. They can provide you with details of any upcoming auctions, and also possibly place you on a list to call or email when a new one comes up.
It is also important to call the facility on the day of the auction because they have last minute cancellations on a regular basis. The renter does have rights up until the storage unit auction takes place, and if he decides to show up on the morning of the auction and pays his back rent then the management is required by law to cancel it. You don’t want to show up at the day and time it was scheduled but find out that it was cancelled.
The internet is a great place on where to find storage unit auctions also. There are many websites that specifically try to provide as much information as they can for the potential auction bidder, and most of them are free. I would recommend checking out all the free information first and see if that will suit your needs before investing in some of the paid websites out there. You do get what you pay for, and some of these paid sites are definitely worth your time and money. They provide many details that the other sites just don’t have, but you’ll have to decide for yourself just how much will be useful to you.
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