Storage Auctions

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.


Messages - ZoSo

Pages: 1 2 [3] 4
31
Stories about Storage Auctions / Re: Your First Unit Won!?
« on: February 16, 2011, 08:17:31 PM »
I bought a unit for $150, it was full of furniture.  Unfortunately, the furniture was crap, BUT, my wife and sold it all and made 630 off of it.  So we had a profit of $480, we were hooked.  This unit also has some Cobra CB radios that sold decent on ebay.  Lots of trash though.  That was the hardest part for me when I first started was managing all the trash and junk in my garage.

32
New to Storage Auctions? / Re: Weekend Auctions?
« on: February 16, 2011, 10:46:49 AM »
Well said Movie.

33
Stories about Storage Auctions / Re: Lookey Loos Part 2...February, 2011
« on: February 15, 2011, 11:24:18 AM »
I'm curious Terry, was this auction advertised online, e.g. auctionzip.xxx?  Also, what region of the country are you in?

34
New to Storage Auctions? / Re: Weekend Auctions?
« on: February 15, 2011, 11:22:20 AM »
I went to a weekend auction on the 5th, only 6 bidders showed up.  Units went for a reasonable price.

35
Other Forms of Selling / Re: Sports Cards
« on: February 15, 2011, 10:39:02 AM »
Baseball cards still sell.  You won't pay off your mortgage with them but they can bring in some cash.  It's all about attitude and hard work.  I know a guy who buys sports cards off of craiglist in bulk, and strips them down and sells everything from it and makes a huge percentage of profit.  He will even sell the plastic card sheets in bulk that he pulls from card books on ebay and they sell.  The common "crappy" cards he will sort into team lots and sell them on ebay and some where some one is searching their favorite team on ebay and will throw down some money on it.  Of course, though, I'd much prefer the easy dream too and hit a unit packed full of perfectly graded Mickey Mantle rookie cards.

36
Stories about Storage Auctions / Re: Lookey Loos Part 2...February, 2011
« on: February 14, 2011, 11:40:56 AM »
1,400 on two units as a noob???  Not exactly a sound investment.  If someone new to storage auctions is serious about making money in the long run, my advice to you is, start slow, buy units that do not exceed $200.  If you have a home run mentality, more times than not you will strike out.  I remember my first unit, got it for $150 and sold the hell out of everything, I would not allow myself to buy another unit until I sold everything that I could.  I think I ended up making a $500 profit off that unit, but it was hard work. 

Wonder what will happen to the guy in your story, things could get dicey if he tries to bid up other people only to have the unit dumped on him.  :o

37
Stories about Storage Auctions / Re: LOOKY LOOS everywhere today
« on: February 10, 2011, 08:50:18 AM »
Eventually people will get their fill and the numbers will dwindle.  The number one reason why most noobs will struggle to find success in this line of work is a majority see it as a get rich scheme.  Unfortunately for them, they will quickly realize that notion couldn't be farther from the truth.  People are lazy as hell and once they realize how much work is actually required to make profit, they will be turned off and look else where.  I was at an auction the other day and some noobs were shocked that they had to deposit money to the storage unit and wouldn't get their money back until the unit was cleaned out, and at this particular business, it was a $100 deposit.  That definitely turned them away from bidding.  I could be wrong I guess, lazy people can change too.  I also avoid all auctions listed on auctionzip.xxx, to much traffic, and those auctions are the easiest for noobs to search. 

38
I actually haven't found many useful household items I'd hold onto.  That said I do keep at least one item from each unit that is unique to that unit.  Coin collection, old wooden cigar box, money clip, poker chips, etc. 

39
Craigslist / Re: Maybe sellign smaller stuff on ebay isn't all bad...
« on: February 07, 2011, 07:46:37 PM »
I've sold so much stuff on CL that's under $50.  I don't set an amount/limit on an item for it to qualify for CL.  If I know it will move, I'll do it.  Beats taking up space in my garage. 

40
General Storage Auction Talk / Medical Equipment
« on: February 06, 2011, 11:35:11 PM »
Has anyone come across any medical equipment?  In the recent unit I purchased, it contained several bone growth stimulators.  These pieces are valued for a decent buck.  Problem is, it clearly states not for resale unless you are a licensed medical dealer.  Governed by the FDA.  Are these items basically useless?  Let me know if any of you have had similar experiences.

41
Stories about Storage Auctions / Re: The Jesus Freak Unit
« on: February 06, 2011, 03:15:33 PM »
What I threw out was broken stuff.  Not taking my chances throwing items in working condition. 

42
Stories about Storage Auctions / The Jesus Freak Unit
« on: February 06, 2011, 02:43:48 PM »
My wife and I bought a unit yesterday for $170.  I set my limit at 180 on this particular unit and ended up winning it.  As my wife and I started loading up the unit, I realized that we purchased a Jesus' freaks unit.  As I continued to unload items, more and more nik-naks spilled out of these boxes.  We should make a little profit on this unit, but oh so many little angels(only a couple Willow Tree one's) and cheap crosses, christmas decorations, etc.  We did score a box filled with Boyd's Bears, may take awile to sell them all but they will sell. Pulled a couple Cobra CB radio's too! I felt a little weird throwing away broken pictures and figurines of Jesus though.  A lot of little BS that will be boxed up for a spring garage sale.

43
Stories about Storage Auctions / Re: Ever see this at an auction???
« on: February 04, 2011, 08:58:48 AM »
When delinquent tenants unit is behind, the managers/operators of the storage facility need to post an ad, it is the law.  So, naturally, these companies want to get some money back, so it is a common procedure to cut the original lock, open the unit, and list off items they see, from the entrance of the unit.  they do not start climbing through the unit looking for stuff, because they can't.  They composite a list of what they see, e.g. Bikes, couch, end tables, boxes, TV, misc. item.  This is simply a list of what they can see from the entrance.  Some units are so packed with stuff that there is now way a manger could crawl through looking for the "good stuff" unless the remove items to clear up space.  That takes a lot of time.  I wouldn't be concerned about shady operations.  No one is forcing you to bid, if you feel like the unit is suspect, don't bid.

44
General Storage Auction Talk / Re: Crowds?
« on: February 03, 2011, 03:40:10 PM »
Has anyone attended an evening auction? If so, what was the crowd situation like? There is one in St. Paul on the 14th at 6pm and I'm debating on checking it out.  Wife might not like it, but who knows, might find her a sweet Valentine's Day gift.

45
Stories about Storage Auctions / Re: Ever see this at an auction???
« on: February 01, 2011, 12:08:16 AM »
You'll find that the majority of storage unit companies don't "cherry pick."  One, it is ILLEGAL.  Two, word gets around and soon less people will show up, which hurts their chances of recovering any money.  The main reason companies auction off units is to free up space and get another tenant in.  Plus if they cannot sell off a unit, they have to take the time and money to clean the unit and prepare it for business.  Very rare that storage managers will rip off units.  Another reason is that all the items in the unit are legally still the tenants until the auctioneer says "sold."  There are times that right as a unit will be on the chopping block, a person wil come in and pay off the unit right before the bidding starts.  If the managers are stealing, they would be in deep ****.  Because, like I said, everything in that unit is still the tenants.  Does it happen?  Sure.  Is it common?  No.

Pages: 1 2 [3] 4