Storage Auctions

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - rulesforrebels

Pages: 1 ... 82 83 [84]
1246
Other Forms of Selling / Re: Most Profitable Sale EVER!
« on: January 29, 2011, 07:05:33 PM »
The most profitable sale I have ever had (just last month) was an Estate Sale we staged in a vacant house.  I have had this idea for quite a while, and the venue finally became available.  I have another guy that I partner up with buying units occasionally, so we bought a few good "antique" units together and staged this house with some really good stuff, no junk!

We hauled approximately five trailer loads of stuff to this vacant house.  We pulled the cabinet doors off all the cabinets in the kitchen and we pulled the pins and removed every interior door (except the hall bathroom) in the house and stacked them all in the master bathroom.  We strategically placed boxes and newspaper for wrapping stuff in the master bath and right outside the garage.  We had a bunch of nice bags (found in a storage unit of course!)with rope handles to bag up customers sales. 

We set up a number of tents outside, and filled the garage with tools.  We set up our cashier right outside the garage door and set up a heater and some of the smaller items so the cashier could keep an eye on them.  We then proceeded to stage the entire house (approx. 1800 sq. ft.).

We set up one bedroom with an antique bed, sewing machine, writers desk, antique carved chest, etc.  We set up the living room with some really nice furniture and throw rugs, lamps, tables, etc.  We set up a table full of nothing but crystal, and had little nik naks spread throughout.  We put a really nice table in the dining room and a bunch of nice china in front of the sliding glass door.   We filled up the Kitchen cabinets with Coca Cola stuff and various glassware.  We had a bunch of large cookie jars we set up around the top of the cabinets and on the counters.  We had the pantry full of corningware and small kitchen appliances.

We set up the office with a desk, chair, computer, and printer.  We also had a nice oak shelf unit and some Ikea cabinets.  We then stuck around 400 DVD's in the oak shelf.  We had folding tables set up all throughout the house.  The master bedroom had a couple of headboard and frame set ups and a bunch of tables and about 800 CD's on a table.  The laundry room had a bunch of ammo, and in the garage we had a bunch of golf stuff, a few firearms, a bunch of tools and camping gear, and various other stuff.  Outside we put some cheaper stuff under a couple of tents, and we both had our trailers there with the doors open and some stuff inside them for sale.

I spent the money to run an ad in the major local newspaper, and of course all over craigslist.  I also had a friend of mine that makes signs make me up a bunch of 18" x 24" Estate Sale signs.  The advertising worked well.......we had customers showing up at 6:45 for an 8 am start time!  When we finally let people in at 7:38, we had a large crowd gathered.  When my partner said "Okay!", it was like being at Wal-Mart on Black Friday! 

To make an already too long story short, we did 5700 on Thursday alone! (Here's a hint for you guys that like to have garage sales.......start them on Thursday, it is typically a VERY good day because not too many people do them on Thursday and you'll be one of the few).  Between Thursday, Friday, and Saturday, we grossed 11K! 

We had three helpers the first day and one on the second and third, plus we paid the guy to spend the night there so we didn't have to worry about theft in an empty house.  I paid for the signs, the newspaper ads, and we bought a few lunches for the helpers.  After it was all said and done, we netted about 4900.00 each.  It was a lot of work, but I would (and AM!) do it again in a heartbeat!

And, just to clarify why Estate Sale and not a Garage Sale?  First, it's cold and rainy, and pretty much, garage sale season is over until spring.  Second, I go to a lot of garage and estate sales myself.  I have noticed from a lot of the sales I go to and sales I have had, that people really want stuff super cheap at garage sales, but for some reason they expect to pay more at an estate sale, and tend to not bargain as hard.  I do (and will continue to do so) hold many garage sales, but when the opportunity presents itself again, I will definitely do another estate sale. 

Any questions?  Comments?  Feel free to ask anything.  Thanks for reading this long post!

Good idea, I did the same thing but had a local flea market handle the advertising and staff the sale for me. Cost me 30% but was well worth me not having to do the work. Most of the stuff came from units I had already made my money back on 4x over so really just wanted the stuff gone more than anything else but makign some money off the stuff was an added bonus.

1247
I've seen several examples of this, and generally these are good lockers. They cared enough to keep paying and paying, but finally circumstances just overcame them.

I tracked a locker for two years once. This guy's locker came up every 3 months and he paid it off everytime for 2 years. Needless to say I was interested. He had spent something like $10,000 on this locker and its companion across the hall. He had the 2 lockers a total of 5 years I think it was (defaulting in the last 2).

Finally, he truly defaulted and I got the best of the two lockers. Two parts to the rest of the story.

Part 1:  I paid $700 and have so far sold $1700 out of the locker with maybe another $300 or so left.

Part 2:  The stuff was pretty ordinary with some exceptions (extra good) but no crap to take to the dump.
        

My question is why would this guy pay 10 grand for stuff he could have replaced for 2 or 3 grand. Doesn't make sense does it.


What shocks me more is just overall how people pay to store crap. Even a small unit is like $35 a month in my area. So many units are just old clothes you know people will never wear again. Old patio furniture people will never use again.

It seems like many people store stuff that in the end they are just gonna wind up throwing away or giving to goodwill anyway. I really don't get it.

1248
Stories about Storage Auctions / Re: LOOKY LOOS everywhere today
« on: January 29, 2011, 07:00:46 PM »
I agree with you. It used to be me and 4-5 other guys. Now its on average 40 at an auction though one auction 300, not uncommong to see around 100.

Like you said it's 3-4 of us bidding and the rest just looking clearly no intention of buying anything, never even bid.

It's frustrating. In the past you could really check out a unit. Now when they give you 5 minutes to look and 100 people have to look you literally have about 5 seconds to scope it out as your walking in a single file line by the unit. It's especially hard with indoor units with those narrow hallways.

I agree, things will thin out soon enough. Peopel who are just looking will get their peak and move on and those who think every unit has rare guns, gold bars, and valuable antiques in them will realize that majority are crap and you really gotta hunt for the good stuff. The will move on as well.

1249
Several recent auctions I have been to have started charging admission to go to the auction and look at the units. Uhaul in particular but a few others as well.

Since the tv show has come on some auctions have over 100 people. At a dollar a pop to view each unit the storage facility is making some good money.

I personally don't like this. I would rather see them add a buyers premium onto the final price of units instead of charging just to look at a unit.

The one thing I do like about this is in my area we get a lot of people comming to auctions who have no intention of buying anything, just kinda looking or curious or whatever. In the past when numbers at the auctions were smaller you could really scope out a unit. Now with all the people if its an indoor unit a single file line walks by the unit and you literally get 5-7 seconds to scope it out instead of a few minutes to stand there adn really inspect it.

1250
General Storage Auction Talk / Re: Crowds?
« on: January 29, 2011, 06:53:29 PM »
Seems like they just keep growing and growing! I can't find an auction with less than 15 people there. What are the crowds like at auctions in your area?

Before the shows came on it would consitantly be me and the same 4 or 5 other guys at auctions. After the show numbers have grown, I would say average of 40 - 50 peoples at the auctions. One PODS Auction I recently attended over 300 people.

Seems like a lot of gawkers who show up to look but have no intention to buy. This gets annoying when its indoor units. There's very limited amount of time to look but since 50 people have to walk by and look you get a 5 second peak instead of actually being able to scout out a unit.

My best luck tends to be with teh smaller non chain facilities. They usually run the obligated ad in the newspaper classifieds legal section but dont hire an auctioneer and don't do any advertising for the auction. These types of auctions usually have WAY less people. They also are often times silen bid or sealed bid auctions where you write your best offer on a piece of paper and highest number gets it instead of auction format like on teh tv shows. I have had better luck at these auctions.

1251
Reality Shows about Storage Auctions / Auction Hunters is FAKE!!!
« on: January 29, 2011, 06:49:50 PM »
Obviously all reality shows use a lot of editing and make story lines as real life isn't as exciting as a story line but I would at least like the characters on the show to be real people and not actors and like the show to have some basis in reality.

I was watching animal planet the other day while channel surfing and there were guys catching a snake. Taking a closer look I noticed one of the guys was Ton, the bald guy from auction hunters. This leads me to believe both these guys are actors and the show is totally fake.

Obviously Storage Wars drums up drama and makes a story line but I'm pretty sure all those guys are actually real people who attend auctions and run resale shops.

This kinda ruins the show for me. I can't say I'm surprised though. I used to watch Black Gold the oil show based in Odessa Texas. A buddy of mine recently moved down there and told me they were actually having casting calls for guys to be on teh show. Again, another "reality" show taht uses actors and is totally fake.

1252
New to Storage Auctions? / Re: New in Chicago area
« on: January 29, 2011, 06:44:35 PM »
Thanks. I think this is a great site. There is a lot of people in the business that dont want to share or give you tips because they think that they are helping the competition. I think there is enough bread on the table for evrybody.

I'm welcoming to all newcomers and dont really have an issue sharing knowlege though I'm not as helpful when it comes to telling people about units.

I'm happy to tell someone how to get rid of stuff because taht's not direct competition for me, I'd like to see others maximize their profits.

When it comes to sharing info on upcomming aucitons I'm not quite as willing to share. Giving away taht info, especially to someone in your region of the country is inviting another person to come bid against you.

I do think its good taht we all network and share info though, it helps us all maximize our profits from units we buy.

As far as enough bread for everyone, not really the case. Last PODS auction I went to was over 300 people. A unit with 4 old mattresses and nothing else sold for $900. Someone must either think they can get $300 per used mattress or think the mattresses are stuffed with cash...lol

1253
When bidding on a unit that is supposedly "freshly opened" how do you know that the management did not go through the unit prior to auction day and snag anything that may have been valuable? Would you have any way of knowing that you are not just bidding on the leftovers from other units stacked into 1 "new" unit and put up for auction?

I don't doubt this happens but remember up until the auction starts people can show up and pay and reclaim their unit.

That would not be good if the manager of the facility took out high priced items and tehn the person showed up to pay off the unit. For that reason I don't think it happens as much as you might think.

What you should be more worried about is people clearing good stuff out of their own units. If you been to a lot of auctions you've probably noticed at some there's several cut locks already on the ground. Basically the person gets behind on payments, storage facility cuts lock puts on their own and the person finally pays up. They get access to their unit clear out osme good stuff and the same sceneario happens. They pay up again take soem more good stuff. Same thing happens over and over so by the time they eventually do lose the unit they have cleared out their worthwhile stuff.

1254
Please note I'm talking about things that 100% must be thrown away.  I've asked around online and people always tell me donate it or there, recycle this and that etc.  I'm talking about things that have 0 hope of being used in any way.

I'm located near Pineville, NC...I don't live close to any landfill as far as I know.  I've googlemapped around and the closest thing I saw was about 30 miles away.  I really do not want to drive that far to dump trash.

Are there any companies that will come pick up just about everything I could possibly throw away?  I'm just looking for a cheap and convenient solution.  I also can't have a dumpster sitting in my yard or in the street, some people have suggested this to me but in my neighborhood that won't fly.

First option is if you have a buddy who lives in an apartment complex give htem your junk and a few bucks and have them throw it away for you in their apartment dumpsters. Providing they are tossing it and not you I woudln't think that would be considered illegal dumping.

Option two is the most economical and that would be goign directly to a dump. If you dont have a truck or a dump nearby another good option is those bags from waste management. You can pick tehm up at Home Depot. You fill them up and call WM when your done and they will pick it up within a day or two. It's super easy and not very expensive about $130 roughly and I believe they hold 4 tons. Do a google search on waste management bags and you can probably find info specifically about your region of the country.

1255
My main question is exactly how do you determine shipping on items and how exactly do you go about getting them insured.

Do you go to the UPS store and have everything weighed and priced before you put them up or is there an easier way?

I'm going to read up on it, but I'm sure some people here know the best way to do things like this.

Sorry, forgot to mention ebay has some forums on their sites where you can search old questions or ask questions of other sellers. I never bothered reading it in the past but recently did and that's where I found out how to save money shipping as I mentioned above.

1256
My main question is exactly how do you determine shipping on items and how exactly do you go about getting them insured.

Do you go to the UPS store and have everything weighed and priced before you put them up or is there an easier way?

I'm going to read up on it, but I'm sure some people here know the best way to do things like this.

Buy a postage scale, best investment you will ever make.

I've been selling on ebay for years but just casually, just recently started actualy getting into it. I never bothered using paypal to pay for shipping through ebay. This was the best thing I ever found out about. Not only do you get discounted shipping rates but you also get delivery confirmation for only 0.19 cents instead of 0.80 cents.

In the past I used to use the automated machines in the post office but they send everything parcel post so I was paying $5-$8 to ship clothing items. With the ebay/paypal shipping option you can send first class mail which is just as fast as priority but costs a whole lot less. It's for items 13oz and under. Now I'm paying an average of $1.57 for stuff I was paying $5+ for before. It's also easy as it automatically inputs the tracking number into ebay and sends the buyer an email saying the item has been shipped with the tracking number.

1257
Craigslist / Re: Lots of "no shows"
« on: January 29, 2011, 06:27:30 PM »
Hi,
I live out in the country, so I get lots of "no shows".  I usually end up selling my items really cheap or give them away before anyone comes out to see me.  Unless it's something that they really want!  Furniture does pretty good.  Healthe  :(

I agree with movieman. Hvaing people call instead of email helps with no shows. You cut out all the spam emails but I also find that if someone is willing to pick up the phone and call you they tend to be more serious than someoen who just replies and shoot you a quick 4 word email. You also tend to get less lowball offers adn offers for trades.

1258
eBay / PROTECT YOURSELF!!!! Don't accept PayPal on local pickup items!!!!
« on: January 29, 2011, 06:25:38 PM »
I'm sure any of you who sell on ebay know they drastically favor buyers.

This is understandable to a point. Buyers need to have confidence they will get the item they paid for and that its what was advertised. Ebay so heavily favors buyers though that buyers can basically renogotiate the deal after winning teh auction and you as a seller have no recourse.

My biggest issue though is that they force you to offer paypal on all auctions, even local pickup items. However when you deliver an item or have an item picked up you have no tracking number. Basically all a buyer has to say is they never got the itme. Ebay will ask you for a tracking number, you wont be able to provide one and the buyer will keep your item as well as get their money back.

rulesforrebels.com/2011/01/dont-get-burned-by-ebays-flawed-policy.html

Not that ebay will do anything about it but I suggested to them they do something to remedy this or at least stop forcing sellers to accept paypal.

1259
Welcome to the Online Storage Auctions Forum / Hi from the Chi
« on: January 29, 2011, 06:21:01 PM »
Hey, auction hunter from Chicago here. I started doing this a little over 6 months before the tv shows came out and it's a whole different ballgame now.

I'm probably most interested in networking with others on how to get rid of merchandise. Sure cars, motorcycles, electronics, etc are easy to get rid of but how bout that hard stuff. Just networking with buddies at the auctions I'm constantly learning of new stuff. Who knew there's people out there that buy old random paper to be recycled. Interested in networkign and learning how to get rid of clothes as they dont sell on ebay. How to find out history, value, etc on certain collectibles adn other odd items.

Prior to the shows it would be me and the same 4 or 5 other guys at all the auctions. We kind of had an unspoken agreement that we woudln't run prices up on each other and would sorta take turns buying units.

Those days are gone, last PODS auction I went to over 300 people. I saw a unit with 4 old mattresses and nothing else go for over $900. The guy would have had to make $225 off each used mattress just to break even, I dont know what some of these people are thinking these days.

Look forward to hearing from you guys on the boards

Pages: 1 ... 82 83 [84]