I have NEVER heard of a no sale because the bid was too HIGH!! Movieman will have to chime in as to the California laws and the rationale behind these denial of sales.

Well, I have heard of a no sale because bid was too high...from Public Storage here in California.

Maybe a year ago PS had a policy that if a bid was higher than $1,000 the auction for that unit would stop and it would go up for sale again the next month (unless the former lkr owner paid up...one last chance).

Apparently the rationale on this was that PS would then be adding on another month of non-payment fees to the frm lkr owner's deadbeat account....AND  the thought was that if (at the current auction) the former owner only owed $500 on the bad account that they would be sending him the balance of the amount over that $500 and they didn't want to do that !  (this from a former regional manager).

ANYWAY, they no longer do that. The locker I bought May 9, 2012 for $1900 was at a Public Storage. I actually talked to the frm lkr owner and he DID GET that overage from the sale of his locker. He owed $900 and got the $1K overage from PS. He said he wanted to use some of that refund to buy some of his stuff back, but of course he never did. He and his wife are living in a weekly/monthy rate motel.

*****

Some years ago (maybe 5) at an Extra Space, I paid $800 for a locker and got the number of the frm lkr owner to see if he wanted to buy back some of his better tools. He thought he was hot s**t since he told me he only owned $400 and would be getting a $400 refund. He also said "Good luck selling my Mac and Snap-On tools; they all have my name etched on them."  I told him that was not a problem for my buyers..and it wasn't. He got his $400 overage back and I tripled my investment so we were both happy.


In California (and many states) that is the case. Frm lkr owner gets any overage over what was due. If they can't find the frm owner that money stays in an escrow account for one year and then goes to the state/county.

I imagine at a mom/pop facility that money finds its way somewhere else !

Very un-scientific feeling is that over the last month or so there have been 5 to 10 posts a day.

This could bode well for our business though it has always been true that of the over 2000 members only 10 to 25 have posted with any regularity and even those who are frequent contributors often bail after about 3 months or so.

I think we have seen this story already.

Your thinking is correct.

I was going to use an Edward R. Murrow reference, but I figured most wouldn't know who he is.....

"Good night and good luck."

First half hour on 6/12/2012…

A room with a view….you can see through a window to the outside..Barry gets it.

Second lkr..antique items. Jarred…sick as a dog…jumps in against Darrel at $3K.
Dave gets it at $4.1K.

Third lkr…Jacuzzi showing. Tools…let the battle begin.

Darrel is an idiot…after all these years he doesn’t realize that none of us can control what kind of lockers come up?  And he didn’t seem to bid on anything for any length of time.

If you recorded this with a Tivo or other device, catch Brandi revealing her TRAMP STAMP at 16” into the show (right after the boat compass shows). They end up getting a lot of old navigational equipment (reproductions but worth something).

Barry finds…..the view is nice. Gets into tubs. Oh yeah…tools for ice sculpting by chefs!
Got one of those just last week ! Expert says….$1500.

Dave looks over a good looking bronze statue. Overvalues everything he touches. He paid $4100 and estimates it at $7.5K (maybe ?) Bronze statue..expert says…$3500.

Going to Tivo the 2nd half hour and review it later.

...it's a pretty good sign you can't afford the locker if you name keeps showing up in the Legal Notices.......

AND....it's a very good sign for buyers that after that lock has been cut 4 times that the frm owner had lots of opportunities to take out the GOOD stuff.

I followed one of these guys through 3 cycles. The first time it came up the mgr told me (because we are on good terms) that it had multiple Snap-On toolboxes in it. He paid up once, twice....third time it came up for auction.

Pop the door...nothing but the usual crapola !

Im submitting and article. Look for it in your local news......

"Talking to the manager of xyz storage about the impact of Storage Wars on his business. He states that turn out is less now than after but still more than before. Bids are tending to be higher but lower than before, after, but still higher than before.  Some guy standing outside the facility agree's"

Well, it's not "news" but it's FUNNY !