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.
Just bought a unit on SB today. Killer deal. Paid $320 and I'll be able to resell the furniture for over $1,000. Haven't gone through any of the boxes or moved anything yet so who knows what else is in there. I'll post photos as soon as I have time to go through the unit.Yes you can 3 x your money on any unit you get at a great deal! But 90% of them are way over bid on compared to live auction. Watch how high prices go online
This makes the 6th unit I've bought this year. 4 of which have been online auctions. I've made better profit margins on the units I bought online.
Here's how I view online storage auctions.. I would keep up with an online storage auction site, if there were auctions in my area. Would I buy? Probably not.. But you asked for pros..Well so do the others that are bidding so its the same playing field for those bidding online as well. You only see the pic's that the company wants you to see. When the bidding goes on for 9 days people can really jump the bid due to finding 9 days to aise moe money! This does not do anything for me as a buyer.
1. You save money on gas, traveling from auction to auction.
2. You can study the pictures of the unit over a couple of days and really evaluate the value of a locker.
3. You take out the crowd element. The crowd can be influential. "You're not gonna let him get that locker, are you?"
4. Sure beats standing out in the rain, bidding on lockers. (Don't you miss the days when if it rained, there'd be 3 people at the auction?)
One of the biggest cons to me, is that you're dealing with yahoo's from all areas, running up the bid based on little or no knowledge. I much prefer to just deal with my own local yahoo's..
Yes, I have assailed online storage auctions in general, because the format is ripe for shill bidders and scammers.The shill bid only help the owne of the website so the company can get a big chunk of the 10% and no really to much for storage unit company excexpt lein is paid off. Thing I dont like and I will say this again is the 9 days for end of auction and use of CC/cash. And why do people like to over bid online when you cant even get a good feel for the unit? This is something I just cant figure out and if someone has an answer for me I would really appericate it.
Also, If we as buyers at a live auction cannot look past the door threshold, than why on earth can a facility go inside a unit and move items around to get better pictures for an online auction?
And, at a live auction, one can see closely if there are finger or hand prints in the dust on merchandise or boxes, or if someone entered the unit. The disclaimer (at least on one of the sites) is "the unit is in the same condition the tenant left it in". Then there are pictures on the same site where items have been obviously moved around.
A savvy, experienced buyer can detect hints to where a unit has been searched and stripped of all its valuables easily. Unfortunately, only a small percentage of buyers possess this knowledge. And the buyers who do not are the ones who spend money more foolishly.
Another point (this is true with any storage auction): Facility owners and managers know the status of the tenant, and whether they will ever be back (to pay what is owed to avoid their items being sold at auction). In some cases, the tenant abandons his or her merchandise to the facility, simply because they are too far behind on the rent. Smart managers will have them fill out a form, thereby legally releasing the room and contents to the facility.
A loophole also used by facilities is to send a "eviction notice" to tenants stating they need to pay their back rent and fees within 30 days, or then they forfeit their unit. Then the unit is repossessed, and sold at auction at a later date. In this case, the facility is 100% assured the tenant will never be on the property again, and can have free reign to all the items inside. (Of course, there are legal notice laws from state to state which may prohibit this).
Again, if someone saw a jewelry box or gun / rifle case inside a unit, don't you think they would take a peek inside? Simple fact: The folks who run and manage storage facilities are underpaid. It you were having a hard time making ends meet, and saw merchandise worth lots of money inside one of your units (especially ones where you know the tenant will never be seen again), wouldn't you be at least tempted to take the loot??
I have been to more than one auction where the facility manager rounds up the "heavy hitters", and mentions that "I have a private unit full of antiques and furniture for sale. Call me after the auction, and then you can come by and take a look". Where do you think they find these antiques and furniture to fill these lockers??
Maybe BWD can let us know what this sells for. When I have gone back to look at final sale prices on some of the lkrs he has shown us here the final bid doesn't show up after the sale has been made.As of now car sits at 2,500 but I have bid on the unit above so I will let you know what vette sells for.
I would try to buy the car at a in person auction - for sure if the residue isn't something bad.But you can get a crate motor next to nothing and corvette central and ecklers has all stuff corvette stuff reason I know this is I'm a corvette owner. If a person can get is vette for 3,800 a guy could make some money. But you are correct the picture dont show inside but do show speedometer and to me they are hiding something and when I called they would not answer about the interior. Still a good find thou
However, at this particular online auction I would not even try it. Why? They showed a Utah inspection sticker from 1985 on the windshield. That's almost 30 years ago and could be the last time the car was on the streets. Combine that with the unknown residue on the car, I think it isn't that great of a deal. Big unrepairable problems can be found on a car that has been in storage for 30 years. Did you notice there wasn't any pictures of the interior?
Sometimes the detail of the pictures is a good thing or bad. Depends on how you are looking at it.
I think you posted this same question in three threads...2 for sure, so I'm answering it everywhere I see it.Dont have to be a car guy to make money cause you sell the car. Thing I dont like about online is 9 days to bid on unit? I like 5 minutes to look at unit and only cash you have in hand that day. I wish my state would stop going to the online way! Having 45 units online is too much
1) I will never buy an auction online.
2) Buying decisions are not made solely on the basis of smell, never have been never will be.
3) I wouldn't buy the car you showed in the link even if it was here in California and not in UT. I am not a car guy.
I meant once they get back to their office, goofball.Now That was funny.
Only time will tell if online auctions will "make it" in the long run. I don't think they will. Travis has his sources he goes by and the four major auctioneers in my area are my sources. They don't hold out much long term hope for online auctions either, but what do they know?Would you buy this auction online with the smell? storagebattles.com/itemdetail/2672/a-1-access-storage-towne-storage.html
The fact is that EACH interested party has their own perspective on any business and it is colored by their personal interest; to wit:
1) Travis has a vested interest in seeing online auctions succeed so his new website will succeed "free" or not.
2) Regular auctioneers have a vested interest in seeing online auctions fail...their interest is obvious.
3) We as auction buyers are the ones who will determine if online auctions flourish or not...personally, I'm not buying into onlines for the following reasons:
a) I don't feel I can get a good enough view through pictures (I don't care how many they post)
b) Until smell-o-vision comes to the internet and they can effectively give me the smells of a locker in question. Sorry.
c) The sense of what the buying crowd feels about a locker can not be measured in online auctions.
d) I can't talk to a storage manager (or other buyers) about a locker or locker owner history before making a bidding
decision.
e,f, g, h, i, etc) other members here can provide other reasons I haven't thought of.
Sorry, I'm just not buying online auctions and I mean that in more ways than one.
If anyone ever needs a hand with 70's and 80's rock memorabilia, I'll be glad to help out. I have been collecting this stuff since I was nineteen and I've developed a keen eye for the stuff collectors want.I work in adio and have lots of the stuff.
Yes, I know. "Montgomery" Burns. I was being facetious.When will your new site be up? I'm surprised my state has over 70 online auction. I guess it's all digital now a days. Guess we Americas love to be lazy a d use Internet for everything
