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 - rockin the retro

Pages: 1 ... 8 9 [10] 11 12 ... 20
136
Well final update:
Don is over finishing the 'dump run'.  While there he ran into the other guy who was duped.  We've managed to find out that both units were owned by the same tenant and it seems he is.....wait for it.....a storage auction buyer.  No doubt an 'old-timer' with tons of knowledge on how to stage a unit.  So here's a new way to make money in this business....screw your fellow bidders.  Just make sure you find a way to keep your identity concealed.......unfortunately this one was not that smart.  And of course having a facility manager in your pocket can't hurt.

We're probably gonna take about a 700 loss on the unit, but thankfully we have enough inventory from previous units/endeavors to cover that loss.  Expensive lesson, but one that will inevitably be learned by many of our fellow local bidders.  And hopefully a few of you.  Do not pay a dime until you've got all the facts! 

I pray that I never become as crass and arrogant and unscrupulous as some of those 'regulars'.
 
I will state that the gentleman working the weekend there has been wonderful and told Don how bad he feels for what happened.  He basically confirmed what we knew to be true.  Nice young man with morals.....

137
Come to the Atlanta area and get a real Self-Storage Auction education. We eat thin-skinned people alive while they are gasping for air and spit out their bones leaving them with nothing but the tail between their legs when they go home too their spouse – LOL!

Just kidding of coarse -  ;) ;) ;)


edit~just not worth the time~

138
Hmmmm, it looks like you left out some vital information in your OP. RE: “Don did question it over and over before ever approaching the locker. He was told the tenant was not allowed to go in and remove anything but personal items (photos, documents et al).” Strange how that happens.

Maybe bidding on a locker with such a close relationship too the previous owner wasn’t the best idea. I’m just saying…

Me, I wouldn’t bid on it knowing there was some sort of arrangement between the facility and previous owner. Which, IMHO, makes the situation even worse. You are now saying Don knew there was a deal with the previous owner and still bid on the locker. And then after seeing the locker wasn’t worth what Don bid you cried foul.

Seems to me the new information you brought to the thread kind of throws out the whole collusion concept. Don knew (before bidding) what he was bidding on and knew somebody went into the locker to remove stuff.

OMG!


No he didn't know that prior to the auction going up for bid.  He was not told that he was entering into an agreement with the tenant until after the auction was over and he had paid.  We did not know the former tenant was there until the following day when we were at a different auction.

I know my writing this out has been a bit scattered as I'm adding information as I learn it, but really......your comprehension skills seem a bit off~

139

Rockin’ and Hubby were rolling the dice all the way up to the point they found out the locker was not going to payoff. When they found out the locker wasn’t going to payoff they cried foul. The time to back out of the deal was when they were presented with the paperwork from the previous tenant BEFORE they did a closer inspection of the locker, period.

You weren't there and you have no idea how it went down and furthermore you don't know either of us, so quit trying to paint us with your broad brush.  Don did question it over and over before ever approaching the locker.  He was told the tenant was not allowed to go in and remove anything but personal items (photos, documents et al).  We found out later that was not the case and he went and removed other items just prior to the auction.  He was told the only difference was he would be entering a contract with the tenant and not cubesmart.  Granted the big mistake was signing the document, but what's done is done and we'll deal with it.

We're not crying foul because the unit is crap, we're crying foul because of the way the whole thing was handled.  Old-timers that were there are talking about how it went down and most agree that it was shady. 

Again, you don't know us and for you to be so condescending is getting tedious.  I'm sure you've never made any mistakes in your illustrious career, but people like you are quite rare.  Most have to learn by taking their lumps, which we are doing.

140
I think you've missed the point here. This is not a question of the locker paying off or not paying off. What happened here is a conspiracy between the tenant and the property manager to first remove the valuable items and then send the left over garbage off to auction. They intentionally set the stage for an unsuspecting buyer to get robbed, especially when they failed to disclose this arrangement prior to the start of the auction. This goes beyond being unethical and is a criminal act. The buyer has every right to file charges.

Thank you alloro~that was my point.  We have had numerous lockers that were not what we planned on them being, but we knew beforehand who we were dealing with-namely the storage facility.  This time we're dealing with a private individual.  Completely different set of circumstances.

We are chalking this one up to a loss and learning experience.  We will no longer deal with Cubesmart and stay with the 'professional' auctioneers. 

We should be able to recoup about half.  Costly lesson, but one that will not be soon forgotten.  Not only that but others are now aware of EXACTLY what happened.  We talked to our whale yesterday and he had bid up to $1500 before stopping on the other unit that was misrepresented.  He said he is so grateful he didn't go any further......so folks, while we may be relatively new to the game.......even the seasoned vets were duped here.

141
Okay~so.....we went to the auctions today with a different auctioneer.  I was very nervous to see who knew what and how......Immediately hit with questions, smart-assed comments and the like.  Seems we were the buzz.  Our whale said that he felt it was BS and that there would be repercussions, but as most pointed out we have little recourse.  Furthermore an old-timer (that I adore and has taken me under his wing) said that the last thing we want to do is proceed with a legal case as that would kill us at future auctions (even those not run by CS).

All in all it was very uncomfortable at first, but by the end of it, we were being backed as all realized it could have been them.
Don has been in contact with the upper-management and things are still progressing, but I truly believe we will own a pile of pooh.  I've pretty much resolved myself to that fact.  One interesting point and very disturbing is that one of the CS managers said we might have legal recourse against the tenant and suggested we could call in the police......I'm like HUH???

Was interesting to find out that the owner (tenant) was in the crowd and told a couple people that he had taken out all the welding equipment and such.....why oh why wasn't my husband in the vicinity at that time~

Oh well.....sometimes the best lessons are those that cause pain~

142
forgot to add that when Don got home he tossed something on my desk and said he found this in the parking lot of the last auction facility he attended.  He added that he thought it was appropriate.........
it is a small charm of a doghouse~

poor guy is really kicking himself~

Off to another set of auctions.....this time with a little less gusto (and capital)~

***sigh***

143
Well yesterday totally sucked!  Don and I again decided to divide.  He took Cubesmart (U-store-it) while I did the local popular auctioneer.  His crowds were minimal, while mine was over 100 by 8:30 am.  I bid on a few, but never won a unit.  Both auctions were sort of paralleling each other.  I took a break from my auctions to stop in and see my bro and drop off some musicians equipment for his buddy to evaluate.  While there Don called and said he had a unit that might run more than he had but looked to be good.  I was 5 minutes away and headed over.  When I got there he said he got it for $1000.

I waited outside the facility while he was inside paying.  One of the regulars (our whale) was there and said Don may get hosed as Cubesmart was selling this unit for the tenant on consignment.  I walked to the door and Don had just paid (cash) and was getting papers shoved in front of him with 3 woman saying just sign this and this and we'll be done.  He questioned them and they said he was not signing an agreement with Cubesmart but with the tenant.  It appears that they let the tenant go and remove personal items and the like then put it up for auction.  At no time was Don (or the other gentleman who was also duped) told beforehand this information.  When Don balked the gal who runs the auctions said "oh I guess I should have told everybody huh?"  while the store manager said 'this is something new we're doing'.  After a time we went to the unit to begin clean-out.

The doors go up and I start in and found that all tools were arranged to show value, when in fact 90% were either broken or incomplete.  behind the second door (it was a 10X20) was a particle board desk with a nice industrial shredder and vintage sewing machine on it, while right behind it were bags of trash and more broken items.  Don was devastated.  About this time the other gentleman walked up and said his locker was also staged (he spent $1600).  Both guys were grumbling and talking about fraud when I said 'just go up and take it up with the manager.'   They did.

I spent the next 10 minutes shoving things back in, shut the doors, locked my husbands truck up and went to the office.  The manager was frustrated as were both guys.  She said she (and they) would need to talk with the district manager.  Both parties agreed to put their locks and locks from the facility on the units so neither could enter without the other in attendance.

I left and hooked back up with my caravan.  Never did land a unit, but by this time my heart wasn't in it.
Later in the afternoon after not hearing from the district manager, I called the corporate headquarters in PA, explained the situation, was put on hold and ultimately transferred back to......you guessed it.....the store manager here in Tucson.  I was frustrated and she talked a good compassionate line.  I told her the other gentleman was talking about a lawyer and she said 'we talked with our legal department and we did nothing wrong'.  I mentioned misrepresentation and she clammed up.  I told her that it would be nice to hear from the district manager and she took my info.

Don called and left another message for him and an hour later he called back and basically said all sales are final.  When Don told him I had called the corporate office he kind of balked and said he would have somebody from corporate call us today.......we'll see.

I'm planning on taking a loss.  We can probably squeak $500-600 out of the unit, but I will not simply lie down for this.  They should never had told certain individuals about the consignment and not the entire crowd and they certainly should have said we were not going to have a contract with them, but with a tenant.  Shady practice and one that I don't think will last without MAJOR rethinking!

OK~rant over.  Now I have to finish typing up the timeline and then head out to auctions......

144
Flea Markets / Re: flea market rantings ravings and perhaps a tip or 2
« on: March 04, 2012, 09:14:01 AM »
He came back later and I pointed to the two next to my van now. "Are you ready to buy them?" I asked. He said yes and I proceeded to tell him.."Too late, they sold 10 minutes after you left.... $9.00 each". I went to sit in the side door of my van and looked up to see him standing there, dumbfounded for a good minute before he walked off mumbling.

I absolutely love it!!!  Don is more like you MM~he rarely backs down.  I'm a pushover.  :-\

145
Flea Markets / Re: Sales for 03/03
« on: March 03, 2012, 05:50:10 PM »
Sorry to hear it money~
We actually made it out this morning without the kids.  We got two spots (buying 3 units kinda forced us) and sold over $400.  Actually our best outing to date.  Sold another $60 on craigslist this afternoon, so we're approaching our goal of paying off our splurge.

I told Don I'd really like to make back another $500 before Tues as our auctions hit full stride ALL next week starting Tues.  Fingers crossed, but not planning on it.  Thank goodness we've yet to touch our tax return......insert diabolical laugh here...........


 8)

146
Stories about Storage Auctions / Re: Auction Scene #2...February, 2012
« on: March 01, 2012, 07:33:10 PM »
Rockin it sounds good on your last divide and conquering plan.

Well I've finished 'processing' my unit, which was $350.  5X10 full.  What really got me was a rack of cd's that had been shrink-wrapped and a nice iron & wood daybed.  Not quite sure how we'll make out on it, as the boxes were mostly women's clothes (high-end, but XXL) and clothes just don't move at our local flea.  I did find a Mitchell & Ness Dan Marino jersey and if it's authentic should get back close to a third of the unit cost.  There was also an XL leather Packers (why oh why can I never find Vikings gear?) jacket.  A bit of gold, some silver and quite a bit costume jewelry, which I sold out of last weekend.

The toy unit ($200) is also looking a bit iffy.  So many items had been chewed up by some sort of little rat dog.  There were quite a few rc cars and some other items of value, but we're not making much.

The final unit ($450) is still 75% in boxes.  We did find several jewelry boxes, but mostly costume stuff.  Quite a few furs.  A cute all leather Betty Boop purse.  Quite a few collectibles and 3 large boxes of albums.  Thinking of doing a large lot on craigslist for all the albums (two boxes from other lockers).

I think we'll do okay, but I don't see a great (or quick/easy) return. 

I'm officially worn out.....but my feet are now up and I'm loving my adorable 'new' slippers that are big and fuzzy and designed to look like golf shoes!!
 :D

147
Stories about Storage Auctions / Re: Auction Scene #2...February, 2012
« on: February 28, 2012, 06:19:11 PM »
Good luck Rockin.  This month has been good to me so I can't complain too much except about the crowds.  Hope you score a nice unit.


Actually ended up with 3 units (2 for Don and 1 for me).  Total spent was right around $1000.  Crowds were relatively small and prices pretty minimal.
Just starting to dig, so let ya know more when I have a chance to breathe~

Don had the facility manager contact him and say that one of the tenants wants to buy back his stuff.....not even sure how we'll deal with that one....yet~

148
Stories about Storage Auctions / Re: Auction Scene #2...February, 2012
« on: February 28, 2012, 07:30:45 AM »
Don and I are dividing and hopefully conquering today.  There were supposed to be 3 separate carvans, but alas one claims all at both facilities paid up.  So we're down to two.  One being PS and the other the local 'popular' auctioneer.  I'll be taking the latter with Don hanging with the 'regulars' at the less publicized one.

Seems like eons since we've been to auctions (ok....only a week, but it feels like eons).  February has been stinky for sure, what with Tucson's population almost doubling due to all that we have happening during this month (gem show, golf tournaments and the rodeo) then add in newbies with tax returns..........ugh.  Well guess what?  We're flush on our seed money, have plenty of storage space and our tax return posted this morning.................look out newbies.................We're ready to BUY!!!

 8)


149
The Treasure Chest / Re: Newb gets a great unit!
« on: February 27, 2012, 07:57:56 AM »
That sounds like a great unit - congrats.  If the various items are new you may want to look at doing ebay vs a yard sale.  Yard sale people are looking for good/decent quality at the CHEAP.  So instead of $10-$20 for an item they will only want to pay $1-$2.  So the crystal and such needs to be on CL, a consignment store, or ebay.

Good luck.
Agree!  It's amazing how differently I look at items now since I'm back to ebaying!  Soooo much nicer getting double or more than I would have at the flea.  My craigslist ads have dropped significantly too, as I found 'local' folks just don't want to pay.  Of course if I ever get another unit.......insert head banging on wall emoticon here, I will hopefully have some large items to craigslist, but until then~I'm ebaying it!

Congrats on the treasures newbie.....now quit being a locker hog and save a few for some of us 'regulars'!   :D

150
Well I'm the one who started the 'do you care' thread (and apologies for where it went~collusion, bid riggin' et al) and I for one like our whale.  As I said....he buys what he needs/wants and never overpays and when he has 'enough'....he's done.  Now I have heard stories of him being a jerk to those he doesn't like, but I've never seen it.

There is very little etiquette in this business as it is just that.....a business and a cutthroat one at that.  Let's face it folks~we're a motley crew who are trying to make a living in a very dirty world.  Our days & nights are constant work and we're all looking for the same thing~a decent locker at a reasonable price.....something that is getting harder and harder to find.

You can compare it to another business, but there is little etiquette in any business when it comes to the competition.  Now when it comes to public image and the consumer.......etiquette is apparent, but behinds closed doors?  Lowes is trying to kick Home Depot while both are kicking the crap outta the Mom & Pop hardware store.  Pepsi is trying to kill Coke while RC is bargain brand, as they can't compete.

My 'friends' and I in this business talk a good game and have often backed off bidding if we know the other wants/needs a unit, but when the doors go up and the locker is a really good one~gloves come off and the war begins~


Pages: 1 ... 8 9 [10] 11 12 ... 20