Bank of america gives you 1% cash back, but if you redeem it for cash, they make it 1.5%

You should post the auction photo and a real photo... I would like to see the difference.

If I'm selling at a garage sale, that means it's one step from going in the trash/donation bin. So rain doesn't bother me.. If it starts raining, I start packing and call it an early day.

I wish they would get on board with us. Since we're a free site, they could save millions each year in commissions & fees.

Did you make the sales call yet?

Obviously, whoever buys and sells storage lockers for a living, is operating a retail business (Selling and buying merchandise)

The part I'm having trouble with is this..

Say I buy a storage unit for $1000

So my Beginning Inventory is $1000

I sell say $1500 dollars worth of that inventory (in which it might be say 75% of the locker) but that in no way means my ending inventory is $250.. as the remaining 25% might be either all the pristine items that I haven't found a value for yet, or perhaps all the garage sale stuff that might add up to $50 bucks.

How do you determine what your ending inventory is for that year, or do you just estimate that it's $250 remaining..  It's hard because, you're not buying specific items with a specific cost and estimate the cost of good sold to be $750.

If you get an audit, what will the IRS say. This is the only part that's guesswork, because the value is subjective.

I'm going to hit my limit this month, just got the notice..

I don't use reserves, I just start the auction off at the price I want.

If you're part of the SUBA, then at participating facilities you get a 10% discount on all bought units at auction!