Storage Auctions

profiling a locker

profiling a locker
« on: February 13, 2011, 01:34:29 PM »
which lockers do you believe has the best ROI ( return on investment )

1.5x5
2.5x10
3.10x10
4.10x20
5.10x30
I know each locker is different but what effect does sq ft come to play.

Other subjects on profiling at a later date could be.

1. rural vs. urban

2.hi income vs low income

3.how to spot a set up locker

4.what turns you off on bidding

5.what turns you on to a locker and makes you want to win this locker.




Offline MovieMan

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Re: profiling a locker
« Reply #1 on: February 13, 2011, 04:53:59 PM »
Now THIS is a thread with a lot of potential !  :)

Gotta go right now, but I'll be back ! (with apologies to Arnold S.)  ;D

Re: profiling a locker
« Reply #2 on: February 13, 2011, 05:14:19 PM »
thanks,I think we all can learn a lot from each other

Re: profiling a locker
« Reply #3 on: February 13, 2011, 10:06:19 PM »
My best units with ROI in mind is 5x5 and 5x10.
10X20 have so far been the worst ones.

This is also very commen among other storage locker buyers here in Memphis,TN.
Infact we had a talk about this topic last week, and we all agreed that 5x10 is the best.

Offline MovieMan

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Re: profiling a locker
« Reply #4 on: February 13, 2011, 10:17:17 PM »
OK, I'll give it a shot by size, one at a time.

5 x 5 seems too small to me to be of much good, though I like the fact it can't have a lot of furniture in it. I prefer "smalls"

5 x 10

often sometimes gets bigger furn and it can take up a lot of space. A couch (with recliner on each end) and standing on end
is not my idea of fun, but I got one recently and gave the couch and bed to someone and kept the smalls for myself.

On the other hand a 5 x 10 full of boxes could be good...a risky thing to gamble on just boxes, but sometimes can't resist depending   on       neighborhood, etc.

Offline MovieMan

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Re: profiling a locker
« Reply #5 on: February 13, 2011, 10:28:40 PM »
10 x 10

More opps for larger furniture but box count usually goes up. Roll-Away toolboxes more common here than smaller sizes.

10 x 15

Larger furn, more boxes. Large furn ok if good quality. Particle board no good for me.

10 x 20

Now we're talking serious cleanout time and storage of big items until they sell, but box quantity could be good if quality is good.

10 x 30

Prepare for a lot of work. I do most of mine myself, so a buy this big means I usually rent the locker if a first month special is available.

As to QUALITY of goods contained by locker size, I'm not so sure that works. Sure collectibles might fill a 5 x 5 or 5 x 10, but they could
also fill the corner of a larger locker.  For me it's mostly about a lkr NOT containing a lot of big heavy items. I'll take them if the box count looks good or the lkr is cheap enough (not so likely the first few months of 2011).

Re: profiling a locker
« Reply #6 on: February 14, 2011, 12:40:05 AM »
Bigger is Better!  Well, sometimes.  I like the big lockers.  Say you can buy a 5 x 10 for $400, or for that same $400 you can get a 10 x 30.  All things being equal, and based on what you can actually see in the unit that makes you willing to pay the $400 in the first place, the chances of there being something exciting hidden in the bigger unit is usually greater.  Yes, they can be a lot of work, but they can have great rewards too.  Ideally, I'd only be buying 3 x 5 units and they'd be full of gold and easy to clean out and there would never be any garbage, but remember, with risks come rewards!  Just my opinion, and not everybody has the means or the storage to clean out the larger units.

Offline MovieMan

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Re: profiling a locker
« Reply #7 on: February 14, 2011, 09:49:14 AM »
The following comes to mind:

"Nothing ventured, nothing gained"
"Bigger is better" (I don't believe that...marketing pros been selling this idea for years)

A little off for this topic, but "racial" or "demographic" profiling comes into play from a size standpoint too. If you have had bad luck with lockers from any particular ethnic group, if you buy a larger locker from them you will simply end up with more trash to haul away.

Re: profiling a locker
« Reply #8 on: February 14, 2011, 11:20:30 AM »
The following comes to mind:

"Nothing ventured, nothing gained"
"Bigger is better" (I don't believe that...marketing pros been selling this idea for years)

A little off for this topic, but "racial" or "demographic" profiling comes into play from a size standpoint too. If you have had bad luck with lockers from any particular ethnic group, if you buy a larger locker from them you will simply end up with more trash to haul away.

AMEN to that.
Been there and done that.

I now try to stay away from certain lockers. lol

Re: profiling a locker
« Reply #9 on: February 14, 2011, 11:35:00 AM »
I'm equal opportunity!  I have bought crappy lockers from EVERY ethnic group!   ;D

Offline MovieMan

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Re: profiling a locker
« Reply #10 on: February 14, 2011, 02:08:35 PM »
I'm equal opportunity!  I have bought crappy lockers from EVERY ethnic group!   ;D

Me too...at least once and sometimes more than once, but I'm careful when or if I do it.

Re: profiling a locker I
« Reply #11 on: February 14, 2011, 05:17:10 PM »
Thanks everbody for your input.I like a 10x10 half full and little to no furniture. I hate tv's, mattress ,and large amount of black bags.

I'll start a new thread on profiling with a new or different subject in few day's.

Re: profiling a locker
« Reply #12 on: February 14, 2011, 05:43:05 PM »
In 90% of the time, black bags are a NO NO..  But i have in some cases found some really nice stuff in black garbage bags.

Offline rulesforrebels

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Re: profiling a locker
« Reply #13 on: February 14, 2011, 09:05:43 PM »
My best lockers seem to come from Philipino people. They wear mostly designer clothes, nice handbags, stuff is well taken care of. Only problem is the stuff is all super small...lol. I was gonna keep some mens clothes and shoes for myself but all size 9 shoes and sleeves are a few inches short for me and I'm not even a big guy like 5'8". Womens clothes are all petite sizes, great stuff but since majority of our population is fat its tougher to sell.

Re: profiling a locker
« Reply #14 on: February 14, 2011, 09:58:51 PM »
Do any of you really have any luck selling mattresses?  I mean really that can be no better then the press wood put together furniture in my book.  Straight to the dump I would think.

Orlando


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