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General Storage Auction Talk / Re: Collusion & Fraud and a grand down the drain?
« on: March 10, 2012, 01:26:37 PM »
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.....
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.....