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New to Storage Auctions? / Re: First auctions on Tuesday
« on: January 04, 2012, 09:41:09 PM »
Flash light and some gloves (just in case)
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Picker's Paradise / Re: Your Favorite Non-Storage Source For Product?
« on: January 04, 2012, 09:37:01 PM »
Don't count out retail stores. My favorites are Dillard's and Staples. My last purchase from staples was 13 otter box cases for the iPhone at $2.50 each and 3 graphics cards at $10 each. The iPhone cases I'm selling for $15 dollars profit each and the graphics cards for $20 profit each. That adds up to about $255 in profit for a $62.50 investment. That's using a profit calculator of selling price - ebay fees - paypal fees - shipping - initial investment = profit for a 260% return on investment.
Dillard's does an extra 40% off their reduced merchandise about every three months. And I tend to pick up things already marked off 75% and use a reward coupon which takes another 10% off. Watches are my favorite, but I've picked up small coach items, sunglasses and intimates as well. I worked at a Dillard's while I was in college so I got to know the store pretty well. My best find while working there were two pairs of Versace sunglasses marked down to $2 each.
That being said I generally just drop in when I'm shopping there for one reason or another and hit up the clearance section.
Dillard's does an extra 40% off their reduced merchandise about every three months. And I tend to pick up things already marked off 75% and use a reward coupon which takes another 10% off. Watches are my favorite, but I've picked up small coach items, sunglasses and intimates as well. I worked at a Dillard's while I was in college so I got to know the store pretty well. My best find while working there were two pairs of Versace sunglasses marked down to $2 each.
That being said I generally just drop in when I'm shopping there for one reason or another and hit up the clearance section.
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Laws about Storage Auctions / Florida Self Storage Auction Laws
« on: January 04, 2012, 09:09:28 AM »
Here is a link to the laws regarding self storage auctions in Florida:
http://www.flsenate.gov/Laws/Statutes/2011/Chapter83/Part_III
The short of the current law is:
HOW THE UNIT GOES UP FOR AUCTION:
After 5 days of non payment the storage facility may deny the renter access to their unit.
After not receiving payment the facility must issue a certified letter announcing to the owner that the unit will be up for sale if they do not pay within 14 days.
After those 14 days the facility must advertise for two consecutive weeks the upcoming sale of that unit in a local newspaper. They must include a brief description of the contents, the name of tenant and location in their advertisement.
If there is no newspaper in the local area the facility must post notices in three places near the facility at least 10 days before the auction.
After 15 days of the notice being placed in the paper the unit may be put up for auction. (this is 29 days after the owner has received notice)
ONCE THE UNIT IS SOLD
The buyer takes ownership of the property on good faith, however you do not take control of any items that have a lien against them. (so if the original owner has a lien against their car and you find the car it's not actually yours)
That's my understanding of the law, but I'm not a lawyer, if you live in FL. you should probably read the actual law before you get into the game.
http://www.flsenate.gov/Laws/Statutes/2011/Chapter83/Part_III
The short of the current law is:
HOW THE UNIT GOES UP FOR AUCTION:
After 5 days of non payment the storage facility may deny the renter access to their unit.
After not receiving payment the facility must issue a certified letter announcing to the owner that the unit will be up for sale if they do not pay within 14 days.
After those 14 days the facility must advertise for two consecutive weeks the upcoming sale of that unit in a local newspaper. They must include a brief description of the contents, the name of tenant and location in their advertisement.
If there is no newspaper in the local area the facility must post notices in three places near the facility at least 10 days before the auction.
After 15 days of the notice being placed in the paper the unit may be put up for auction. (this is 29 days after the owner has received notice)
ONCE THE UNIT IS SOLD
The buyer takes ownership of the property on good faith, however you do not take control of any items that have a lien against them. (so if the original owner has a lien against their car and you find the car it's not actually yours)
That's my understanding of the law, but I'm not a lawyer, if you live in FL. you should probably read the actual law before you get into the game.
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New to Storage Auctions? / Re: How do YOU scan price a unit?
« on: January 03, 2012, 08:33:27 PM »
Thanks for the feedback guys 
I had never thought of smelling the unit! But I guess if it smells like moldy cheese it's probably going to contain some really funky stuff that I won't really want to clean out (plus some of the items may have gotten wet which would be terrible) .
I also has never thought of contacting realtors, great tip. Thanks!
I had never thought of smelling the unit! But I guess if it smells like moldy cheese it's probably going to contain some really funky stuff that I won't really want to clean out (plus some of the items may have gotten wet which would be terrible) .I also has never thought of contacting realtors, great tip. Thanks!
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New to Storage Auctions? / Re: How do YOU scan price a unit?
« on: January 02, 2012, 08:25:00 AM »
Thank you
I'm kind of clueless about antique furniture as well. I know if something has a lot of carving or clawed feet that it's probably a good bet, as well as if it's made of solid wood, but sometimes the good veneers still get me. (I guess that's their job
) I'm thinking the best way to learn about these things is to head down to one of my local antique shops when the owner is feeling chatty and I've got a little spare change to buy something small. It certainly wouldn't hurt to build a bit of a relationship with them as well since I'll probably need an outlet for any large pieces I come across.
I'm kind of clueless about antique furniture as well. I know if something has a lot of carving or clawed feet that it's probably a good bet, as well as if it's made of solid wood, but sometimes the good veneers still get me. (I guess that's their job
) I'm thinking the best way to learn about these things is to head down to one of my local antique shops when the owner is feeling chatty and I've got a little spare change to buy something small. It certainly wouldn't hurt to build a bit of a relationship with them as well since I'll probably need an outlet for any large pieces I come across.
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New to Storage Auctions? / Re: How do YOU scan price a unit?
« on: January 01, 2012, 12:09:23 PM »wait. wait. dont go down to the scrap yard because they price it lower than anything to make it move.Thanks for the advice. I do primarily use the internet to find prices (Ebay, amazon or a specialty store) and you're right, it's a great way to go. It's amazing how often people have things and have no idea what it's worth. Research is half the fun for me. I was referring to larger items like washers/driers, mattresses etc. for the scrap yard price.
trust me, I always go to my local scrap yard to pick up bmx bikes. Out of 4 years, I paid maybe 100.00 and made 4k.
if you want to check prices, check ebay first. If its not there, go into the front page, you ll see advanced, click on that and put what your looking for and find a box that says completed auction, check that. Sometimes you ll get your idea of value.
if still cant find it, go into google and type it up, on the left side, under everthing, click on image, match up the pic with yours and if you find it, then click on the picture, sometimes it will take you to the site and show you what has been sold for.
dont be scared of the internet, its your best friend.
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New to Storage Auctions? / Re: How do YOU scan price a unit?
« on: January 01, 2012, 09:57:56 AM »
Thanks for your input guys, I really appreciate it. I live in a military town so we have a lot of the bigger items (furniture, large appliances act) floating around the market and they can be a bit tough to sell. Although anything leather seems to fly, so leather couches are the exception. I've been doing a lot of reselling on craigslist / ebay / amazon, so lockers for me is just a way to find stuff in bulk (and cheap!). I've figured that I want to assume the worst. If I see the side of a mattress, assume it's stained, if i see a tv, assume it's broken, ect. The only thing that makes me nervous is that I'm used to being able to pick things, know they work, know their condition and whatnot so the values in my head for are for working items, not potentially broken things. I guess I should just go down to the local scrap yard and see what the value of some of the more common things are.
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New to Storage Auctions? / How do YOU scan price a unit?
« on: December 31, 2011, 08:53:22 PM »
I'd just like to get an idea of what everybody scan prices a unit for. I know things vary a lot depending on where you live, what you can move ect. but just throw some numbers at me. This is the price you'd be willing to pay for the locker, not what you think you could get for it.
For example:
Misc. boxes: $2 per box
Mattreses: $10 per mattress
Furniture: $10 per piece
Washer or Drier: $15
and anything else one typically finds in a unit.
For example:
Misc. boxes: $2 per box
Mattreses: $10 per mattress
Furniture: $10 per piece
Washer or Drier: $15
and anything else one typically finds in a unit.
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