Storage Auctions

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Messages - JBone

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Stories about Storage Auctions / Re: Auction Scene #4...April, 2012
« on: April 21, 2012, 06:32:25 PM »
1st facility on Friday:

2 units, down from 6, 35 ~ 40 in attendance.

1st unit: Older model lawn tractor, MTD 42" flat tire, looked well used, large tool box, misc garden tools. Went for $900.

2nd unit: The only thing in this unit (12' X 20') was an outdoor patio chair.....actually two chairs with a table in the center with a hole for an umbrella ( all one piece) Looked to be black brushed aluminum. Went for $125.

These both seemed WAY overpriced and were bought by new folks.

2nd facility on Friday:

4 units, down from 8, 20 ~25 in attendance.

All 4 very similar "household" units...small furniture, cloths, boxes and totes and all went for between $600 & $900.

Went to 2 yard sales today with my trusty bookscouter APP and picked up 24 books for $6, they are already packed and ready to be shipped for a grand total sellback of $72.35.....I love this thing!

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Stories about Storage Auctions / Re: Auction Scene #4...April, 2012
« on: April 20, 2012, 06:12:34 AM »
Attending two auctions today, both usually have fairly decent units. Will let everyone know how it turns out.

 Called the facility that held the silent auction last Thursday to find out if any of the six units I had bid on were paid up by the tenants.....to my surprise none had been. I was expecting at least two or three to be paid up and unavailable....

As I could possibly be on the hook for all six (unlikely, but possible) I probably won't be as aggressive as usual today. Any unit that gets my bid will need to be exceptional.

Could be a very busy week coming up if all the stars align correctly!


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Thought I would share this site with everyone here....I use it almost exclusively to find local, and some not so local, auctions in my neck of the woods.

Not sure how many states are included but I think there are a dozen or so.

http://mypublicnotices.com/PublicNotice.asp

Click on your state, in the drop-downs I select "Today" as I try and visit daily, choose "Auction & Sale", Keyword: "Storage" and select "All Newspapers", click search....small drop-down select "Complete Notices".

It even has a "Print Selected Notices" feature to make your day!

Hope some of you can get as much use out of this as I do.....saves an incredible amount of time & effort.

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Stories about Storage Auctions / Re: Auction Scene #4...April, 2012
« on: April 14, 2012, 04:44:43 PM »
Attended a rare weekend auction this morning....rare for me as weekends tend to draw way to large of a crowd. This is a small privately owned place though and a bit off the beaten path, only had about 10 ~ 12 show up. Two units up for auction.

1) 5 X 10 two mattresses, mediocre furniture some black trash bags. I did not bid, went for $260.

2) 10 X 10 odd unit, 1/4 full, neatly stacked boxes with what looked to be new smalls...toaster, waffle maker, irons, hair dryer....things like that. NIB large wooden storage cabinet. I saw about $200 in value and set my limit at $250, ended up going for $475.....even if everything was still in all the boxes it seemed like it would be hard to break even at that price.

Stopped at a local yard sale on the way home and was lucky enough to find a few boxes of books. I have a bar-code scanner APP on my phone that looks up ISBN numbers through www.bookscouter.com and was able to find $38 worth of books, about a dozen total, selling for $0.25 a piece....turned $4 and change into a couple of  bucks.....so the morning was not a total waste.

Now that the weather has broken I think I may hit a few yard sales every weekend.

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Stories about Storage Auctions / Re: Auction Scene #4...April, 2012
« on: April 13, 2012, 06:05:29 PM »
Went to two facilities yesterday, same company. Silent bidding (more on this later)

First location advertised 6 units....was down to one at auction time. 20 or so in the crowd... half noobs, half regulars. Cut the lock, threw open the door and there stood one broken beach chair and an old pillow. Pass.

Second location advertised 18 units....still had 14 at auction time. Same kind of crowd, lost a few, picked up a few.

I ended up bidding on 6 of the 14, smaller, inside units, obvious quality or neatly packed mysteries....I have a bit of the gambler in me and neatly stacked & packed closed boxes and totes sometimes get me going. Bid prices ranged from mid $200 range to upper $400 range.

.....now about the silent bidding aspect. Everyone gets a bid sheet with all the units listed and has until the end of the auction to fill them out and hand them in.

THEN....they are sent off to the corporate headquarters in Texas to be tallied up and winners decided. This takes anywhere from 10 to 15 BUSINESS days. This is the only company I have ever dealt with that does their auctions this way.

Has anyone else ever run into this kind of policy? It has many downsides to it but the one upside is, so many folks around here hate it, that the crowds stay relatively small.

It took me a while to get used to not needing to have any cash on me and lugging a fist full of locks around.....and the wait can be torture, especially if you have upcoming actions prior to hearing back from Texas. All in all though I have had some profitable units from this chain and have continued to return.

Thoughts?

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Howdy. I've been buying lockers on and off for the last twelve years. Took my father to his first one about 10 years ago and he has been hooked ever since. Gives him something to do since he retired...besides golf.

He goes for the larger "volume" units that sell cheap. Loves the smalls and low end furniture. He does mostly yard sales and has become almost famous in his township for his 4 "weekenders" a year. One in the Spring, two during the Summer and one early Fall.

Folks just marvel at the massive amount of product and are mystified trying to figure out where it all comes from. He usually does $1500 ~$2000 a sale with the last few hours of Sunday turning into "everything is a dollar". Works well and there is much less to be carried back to his shed....and for that I am grateful.

Over the years I have refined my tastes to smaller, quality units and don't mind paying a bit more when I see real value. This has lessened the number of units I actually end up with and that has been working out very well lately. No more dump runs, Dad ends up with the smalls that don't sell on EBay or CL and my trusty "FREE" sign out by the curb gets rid of the rest.....amazing what people will take as long as it's FREE.

I've lurked here for a while now and figured it was time to say hello, seems like a knowledgeable and friendly enough crowd.

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