Mini Storage Auctions

What Are Mini Storage Auctions                                        storage auctions. kanaan minks

by Kanaan Minks

Mini storages are a convenient and popular way to store a wide range of items, ranging from family photographs to furniture and other household goods. Yes, it is a profitable business, but like with any other business, there are customers who don’t pay.  This is when a mini storage auction is held.

As previously stated, mini storage auctions occur when a unit renter does not pay their bill.  These auctions aren’t the result of one missed payment.  They are the result of multiple missed payments. The storage auction company in question will, in most cases, do everything in their power to get the renter to pay.  However, there comes a point in time when they need to recoup their losses.

As for how self-storage auctions are held.  It varies, depending on a number of different factors.  Some states have strict rules, while others are more laidback.  Many times, it depends on the storage unit company or the third-party hosting the auction.  Most auction off whole units, including all of its contents.  There are, however, auctions where you bid on one or two sealed bins at a time.

The only problem is that you rarely get to inspect the items.  Most boxes and bins are left sealed.  You may be able to quickly peek inside, but not physically inspect everything.  That is why these auctions are referred to as being risky.

As for who can participate in storage unit auctions, anyone can.  Depending on the state in question, you may be required to pay a small fee if you don’t have a reseller’s certificate. This fee, if it is charged, is small.  To actively participate in a mini storage auction, you will need to have cash. The more the better. storage-fortune. kanaan minks

As nice as it is to hear that you can participate in a mini storage auction, you may be wondering why you should.  There are a number of different reasons.  Are you looking for affordable merchandise to own?  Do you like shopping at yard sales?  If so, you may like attending and bidding at a public storage auction.

In addition to stocking your home full of affordable items, you can also profit from mini storage auctions.  You do so by reselling what you buy.  If you bid low enough, you may be able to make a substantial profit, provided you walk away with items that can be resold.  When it comes to reselling these items, selling on eBay or hosting a yard sale is recommended.

What You May Find at Mini Storage Auctions

When looking to profit from mini storage auctions, you place a bid.  As for what you are bidding on, it depends.  You may bid on a sealed storage bin or a whole storage unit.  Different companies host different types of auctions.  To profit, you take the items you bought and resell them.  Since you are, essentially making a wholesale purchase and paying one fee for many items, there is the potential to make money.

how much money can I make

It does depend on how much you spend at a mini storage auction.  The less money you spend, the more you can make.  It also depends on your resale methods, as some are more successful than others.  Many use Craigslist.org, flea markets, and yard sales to sell locally.  As for selling online, many use eBay.com.  What you buy can also impact your profits, as some items are more valuable than others are.                                                           storage auction secrets. kanaan minks

Since what you buy at a mini storage auction may have an impact on your profits, you may be wondering what is available for sale.  It depends.  People use mini storage units for a wide range of purposes.  Some use them when consolidating two homes into one.  Others use them to store household items when they relocate to a smaller place.  Storage units are also used to house items that people no longer need, but still want to hold onto, such as family heirlooms or financial documents.

Despite the possibility of a variance, depending on the storage unit in question, there are some items you are likely to find at a mini storage auction.

  • Furniture.  Furniture is nice because it is easy to spot.  Unfortunately, you don’t always get to see or inspect merchandise up for bid, but furniture can be seen from far away.  Look for furniture that is antique in nature, as it worth more.  With that said, furniture is something that people need; therefore, it can be resold for a profit.
  • Home décor.  Home décor often makes it way to mini storage units.  Some homeowners change their décor on a yearly basis, but may not want to part with their old pictures and paintings.  Home décor can be antique or cheap, but it will always resell.
  • Home appliances.  Home appliances, such as microwaves, dishwashers, blenders, and toasters can be found at mini storage auctions.  As with the above mentioned items, these are considered great.  Everyone needs these items in their homes.  This means that they will resell, especially at a yard sale.
  • Children’s items.  It is common to find kid’s clothes, books, and toys in a storage unit and at an auction.  This is because these are items that kids outgrow.  As for why they are saved, some parents just don’t want to part with these items.  Many hold onto them just in case they decide to have another child.  Yard sale and eBay are popular resell markets for kid’s toys, movies, books, and clothes.

The above mentioned items are just a few of the many that you may find at a mini storage auction.  In fact, you can find just about anything ranging from antiques to jewelry to clothes to family photographs.  The key is buying merchandise that you can resell for a profit.

 by Kanaan Minks


Here are some other Wholesale Sourcing sites that I have found for you to browse. Thanks for visiting Sourcing-3.com.


What You May Find at Mini Storage Auctions
What You May Find at Mini Storage Auctions


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3 Responses to “Mini Storage Auctions”

  1. Excellent web site. A lot of useful info here. I’m sending it to some buddies ans also sharing in delicious. And of course, thanks to your sweat!

  2. [...] lot of info. How much stuff is up for sale? Is it worth the journey? When possible, attend close by personal storage auctions, as doing so can scale back your travel [...]

  3. [...] data. What quantity of stuff is up for sale? Is it worth the journey? When you can, attend close by storage auctions, as doing so can scale back your travel [...]

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