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Stories about Storage Auctions / Re: Got one today
« on: May 19, 2011, 10:31:16 PM »
here is the unit before cleaning it out.
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I could definitely use you, but it only requires like ten hours every other week. Once the Dallas/Fort Worth list is complete, it will require ten hours every week.ok, i could do it for $100 every two weeks. paid through paypal
I'm looking for someone part time to make phone calls to storage facilities. Just teasing.
Jose....
You're not unemployed...you're a full-time auction buyer !
That will help you out while you look for other work, or it may just become your new career.
May all your lkr purchases be good ones!
I may stand corrected, I won't know for sure until we move into the market and I do my own research. When I was doing my research for the Houston area, I found that more than half of the storage facilities don't advertise in the Yellow Pages. I had to cross reference the facilities with Google places, and even now, I still find a few new storage facilities every week.
How much did you pay for your subscription by the way?
Thanks for the update on the number of facilities. I use Microsoft Access for my database of facilities and just looked at it after reading your post. It goes back 7 years to when I started and the main list is 251 facilities. These go out in a 50 mile radius.
The reality is that most of the time I don't go further than 30 miles, and that is only a couple of times a year with most of my buys happening within 15 miles.
I could easily get the total facility numbers up to 500 by going out to a 90 mile radius, but since I would NEVER drive that far at $4.00 plus a gallon and currently HIGH lkr prices, there is no point in doing that. In fact when gas was ONLY $2.50 a gallon I didn't make those long trips, so it's more a matter of distance and lack of interest that keeps me closer to home.
Thanks too for the further discussion of the differences between the two cities (San Antonio and Houston). Made for interesting reading. I actually lived in Dallas for a year, but it's been so long I don't even have impressions of it anymore !
This was an interesting read and thank you for it.
Your spreadsheet should give you an accurate count as to HOW MANY facilities you have in the San Antonio area.
I was especially interested in your thoughts on how the two cities (San Antonio/Houston) vary in financial economics, cultures and the way the historical values are viewed.
The Hart Beat covers the larger storage chains and some independent but it's nowhere near 90%. Their website claims that they publish notices for around 100 facilities. Houston has over 1400 storage facilities within a 60 miles radius. San Antonio is smaller than Houston but I would estimate that you have at least 900-1100 facilities.
Chances are that San Antonio has at least 25-30 smaller independent newspapers that storage facilities advertise in.
Lord willing, we will be moving into the San Antonio market by years end.
I agree, newspaper listings with detailed accounts of what is in the units turn me off from attending those auctions. It's not just the possibility that they have already absconded with the really valuable stuff, it's the fact that half the fun of being in this business is the "treasure hunt". The "treasure hunt" aspect is what keeps me motivated in diving through and sorting 100, 200, 300 square feet of garbage and junk. If I know the storage facility manager and associates have already "rooted" through the unit, then I sure as hell don't what to drop several hundred dollars on a garbage dump picked of treasure. There is also the issue of advertising everything of value in the unit, so the bidding automatically goes above what is normal for sight-un-seen lockers.
No fun either way!
I also think that's a great quote but it's not Glendons. There's a song by Young Jeezy and Lil Wayne called scared money and talks about how "scared money dont make no money" although I imagine the phrase was around even before that since rap steals and doesn't do anything origional.
I like Glendons new video. SOmething about if your not willing to spend some m oney and take some risks just say "I'm a scared little ***** and stop going to auctions" lol.