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Messages - the teacher

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271
General Storage Auction Talk / Re: refinishing furniture
« on: November 04, 2011, 11:44:42 AM »
I move a lot of old wood furniture.  Sometimes it seems like every piece of furniture you find in a storage locker is broken, chipped, scratched or missing parts.

You can probably make about 90% of your wood furniture look good enough to sell with just a few items. 

1.  Get some wood glue......eventually you'll find some in a locker, but until then, just get a small bottle.  There's all kinds, I use Elmers wood glue.....mainly because I've found lot's of it along with a gallon refill bottle in lockers.  Notice: WOOD GLUE...not the crap your kid is gluing together construction paper in kindergarten!

2.  Clamps, to kind of go along with the wood glue.  Again, you'll probably find some in lockers.  Keep a couple, don't sell them all.  I almost always have some on the shelf, so I just go grab a couple and use them when I need them.

3.  Blue tape.......use it to help hold some stuff together like chips and stuff that clamps don't really work on......and it's a lot easier to get off then regular tape and hopefully won't damage the finish like other tapes have a tendency to do.  Also, you will find this in lockers, but usually it is old and doesn't stick for crap, so spend a couple bucks and get this at the store, this stuff is best when it's fresh.

4.  00 and/or 000 steel wool.  I have had chairs with original finish made in the 30's and I did nothing but carefully follow the grain with some 00 steel wool and it made them look awesome and they still had the original finish without all the gunk on them.  Just be careful and don't use anything courser, or you'll start getting lot's of scratches.  This also works to take out some small scratches.

5.  Murphy's oil soap.......this stuff is awesome......slop it on a rag liberally and wipe down your wood finishes......makes most stuff look pretty good and will help hide some smaller scratches.

6.  Pledge......even just spraying this on and wiping it down will make a big difference in most wood finishes.  Remember, you need to clean this stuff before you sell it.......get the dust out of the crevices and at least make it look clean......a nice clean piece with some scratches and a few chips will sell a lot faster than a dirty one.

7.  Some spray clear.  This stuff will hide so many scratches it's unreal.  Give the piece a quick clean up with Windex or soap and water or a vinegar and water mix, and tape it off and give it a quick run over with the steel wool.  Clean it again and make sure it's dry and then spray on a few light coats. It will amaze you.

These will take care of the basics.  You have to make your own judgement on how much the piece is worth and how much time you want to spend on it.  You will find all these items in storage lockers over time, so eventually, you will never have to buy any of this stuff except maybe the blue tape.  If you really want to get into it, you will start accumulating different shades of stains, furniture restore, paints, brushes, sandpaper, special clamps, shop space, etc.  The sky's the limit!  Just remember, the idea is to make money, and in my book, if you spend 3 hours on a $25.00 piece of furniture, you are NOT making money!


272
West / Re: PODS Auction in Kent, WA
« on: October 26, 2011, 10:02:41 PM »
I skipped it.....the last time I went there 200 people that showed up for nine pods and the prices were through the roof.  To many other auctions I can go to that are closer and have smaller crowds.

273
That's one of the things I like about watching his videos.......he tells it the way it is and doesn't shy away from being controversial!  

Welcome to the forum Glendon.....I hope you stick around a while and post in some other topics!

274
General Storage Auction Talk / Re: How to handle...........
« on: October 13, 2011, 10:06:20 PM »
Just remember, there are no friends once the auction starts, if they think you are doing better than them, they will run you up out of spite, till otherwise you prove yourself. Personally when I am out there I downplay what I get and how much I get it for. Never told anyone of them out there of the few treasures I have gotten, unless I think I can unload some of it on them for a decent price, especially if I am having a hard time moving it myself.  I always tell them I lost money, or I just made my money back. I never tell them I made double or triple. This makes you a threat to them. Especially if you are a noobie.


That's what makes it hard to post more on the forum sometimes.  I am pretty well known in my area, and I don't really want all the locals knowing more about my business than they need to.........

275
The "Funky Prices" were due to it being a silent auction...LOL.

I got lucky on the one I got for $321......second bid was $318!  I won it by $3!

276
Had a great day today......ended up with four lockers!  Went to a facility I normally go to that has an auction about once every three months.  Nice mellow crowd, about 20 people, most all regulars.  Facility had 20 units up for auction.  The lockers I bought ranged in size from 5x10 to 10x25.  The most expensive locker of the day was only(?) $321!  I bought that one and three others that went for $81, $119, and $131!  Just a quick check so far and I've got two nice washer and dryer sets, a kids bouncy house, a Mercury Marine prop, a meth house detection kit (no joke, the one locker belonged to a former cop) and some riot gear, stove/oven, some kind of fancy toilet......plumber guy pegged it as worth $300-$500, lot's of tools, line striper, lot's of furniture, etc.  I'm sure I'll find a lot more, just did a quick look through and haven't unloaded any of them yet. 

Not counting my chickens yet, but hopefully this is a sign of things to come regarding crowds and prices......but it seems like every time I go to a good one, the next two or three have large crowds with too much money burning a hole in their pockets!


277
Up here in the Seattle area, we're getting .85 a pound #2 insulated copper, which is going to be most computer cords, extension cords, cell phone cords, etc., with the ends cut off.  I think a single tub averages out to about $68 bucks, depending on the wire and how dense you pack it, but that should give you a pretty good rule of thumb. 

278
General Storage Auction Talk / Re: Question for the vets...
« on: October 10, 2011, 11:54:18 AM »
Ha !  Yes, if skill and luck are with you at the crucial moment !  ;)

Just didn't want to get hopes too high! 

Right now, it is still a hard business to make money in with the prices where they are.  I work seven days a week, and I'll be going a lot of nights until 8 or 9, sometimes later.  Way later if you count the time on CL ads, but since I'm sitting on my ass watching tv at the same time, I don't really count that.

To me, it's not really work though.  I love winning a locker and then getting to dig through all that stuff, it's like I'm digging for buried treasure every single day!  I love what I do (most of the time) so even though it's a lot of hard work, to me it's better than getting up and "working for the man" on a 9-5 job. 

I guess to try and answer the original question, you can be "profitable" on that first locker with a little luck.  But you might get ten stinkers in a row and blow your wad too, there's not really a good way to answer that.  I believe that probably most people could be profitable eventually when they learn to make an educated guess and stick to their limits, but there is going to be a learning curve, and what that curve is depends on you. 

This business isn't exactly rocket science.  I would say that most "average" units purchased for a reasonable price have money making potential......it depends on what kind of network you have set up to actually sell the stuff.  Any monkey can actually grab a fistful of dollars and run out and buy a bunch of lockers, but then what?  Do you have a way to get rid of all that stuff?  That's what separates the men from the boys (no offense ladies!) and if you are sitting on a warehouse full of stuff that isn't selling, you need to rethink you're business model. 

I could go on and on.  Just like any other business, this one is has inventory issues (you either have too much stuff, or too little, it's hard to strike a balance), cash flow problems, labor costs, warehousing expenses, fuel costs (I personally spend over a grand a month just on diesel now, and that sucks!) and more. 

How far do you want to go with it?  How much do you want to make?  How hard do you want to work at it?  Do you get along with people?  Do you like to sell?  Do you have any experience dealing with the public and selling?  Do you want a full time business or just something you can make a few extra bucks at while you work your day job?  There's just too many variables and elements of chance to really answer the original question.

Here's a couple of pics of the back of my shop.  I do have a store now although up until today I haven't mentioned it on the forum.  We have a total of four diesel trucks and six trailers.  The building is about six thousand square feet (used to be a lumber yard) and has a large amount of retail space and storage.  I live this lifestyle and I do make money at it.  I'm not rich by any means, but I can pretty much do what I want.  There is money to be made in this business, but as has been mentioned over and over on this board, it is a LOT OF HARD WORK! 


279
I just cut off the ends and throw it in the tub.  I do sell some of the really nice ones, but you typically get so many it's hard to sell that many.  I keep a big tub of them I put out at garage sales, and I haven't sold all those in three years of sales!  Stripping it is way too much work on the smaller stuff, but some of the larger cables may be worth it......depends on how much time you get into it.  You get more per pound stripped, but you have a lot more work into it and it weighs a lot less than fully sheathed.

280
General Storage Auction Talk / Re: Question for the vets...
« on: October 10, 2011, 11:14:35 AM »
You can actually make money doing this? ???

281
Cut the ends off all the cords, throw them in a tub, and when you get it full take it to the scrap yard and make a few bucks on it.  All the cords and cables you end up with in lockers add up pretty fast.....I'm pretty sure I'm doing over 100 a month just in cords and cables.

As far as the vhs....keep one of the many outdated and obsolete video cameras you're bound to find and make some home porn!  Or not.....LOL!  I donate the commercially recorded movies to Goodwill and the home recordings and blanks typically go in the trash.

282
General Storage Auction Talk / Re: Flashlights
« on: October 04, 2011, 08:08:05 PM »
I use the Stanley too, although I think I might upgrade to this.

Actually, this is what you need AFTER the auction to help with the clean out!

283
Just got rid of my Chevy crew cab a couple of months ago and jumped up to an '08 F350 Ford Crew Cab 4x4 with a 6.4 liter twin turbo diesel.  Have three different trailers to choose from.....14' flatbed, 14' enclosed with ramp, or a 24' enclosed with ramp. Still toying with the idea of a box truck, but then you have extra insurance, where I can just park the trailers in the yard and other than tabs, they don't cost any extra monthly.

284
I just made a dump run today that was the culmination of three separate lockers.  It filled my trailer front to back all the way to the ceiling.  I figured it was gonna be a $150 load, but it ended up being ONLY $130!  Among the items I threw away were a couch, loveseat, and three upholstered chairs.  I also busted up a couple of particle board computer desks.  They were in bad condition, wasn't even gonna get someone to take these for free.  I HATE dump runs!

285
Just remember the buying is easy and fun.  Then comes the hard work.

Probably the single smartest statement that has ever been said or will ever be said on these forums!

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