TRASH, nuff said

I would only buy units that the manager would let me inspect with the tenant & manager present. During the payoff, the tenant signs a release & a contract which transfers the unit and all it's content into my name. I put my own lock on it and have it insured, that way if the tenant did try to get his property back without paying me off, I could file an insurance claim and possibly even make more money than the unit was worth. It could work, there is a market for everything. The key to this would be establishing a relationship or a referral program with the facility managers.

That sounds like something I would be willing to try. Kind of like putting a lien hold on the lkr itself for the amount of the payment (loan).

Went to the auctions today and good news!

The number of people attending is down a little bit, but the bidding is down a whole lot! I don't know if this is a new trend, or just a fluke occurance because we had real bad storms in our area last night and yesterday, but most of the regulars seemed to be there.

Only one unit went high, above $800. I think one regular was trying to "run up" another regular and then a newbie jumped into the fray not knowing what was happening. The original regular just stuck it out and got the unit.

All the other units went for $10 - $275. I did'nt win any because i'm am all out of storage space right now. 

Probable was a fluke, see how the crowds and bids are in the next two weeks to be able to tell for sure.

I will be getting an Android here soon, cant say I would have time for it during bidding at a storage auction. Sometimes they go by fast, especially if you are not paying attention. I would be using it for everything else on the resale side of business.

And of course great way to pass the time while waiting for an auction to pass

Never heard or seen that one before. What they probable do is gather up all the good stuff, trash the junk, and hold a big auction piece by piece like once every 3 months or more.

I give back the personals to the management. It is one of my personal policies, not a requirement in my area. I have one time though, going through a computer noticed loads of baby pictures. Emailed them at their email addy that was on their computer I got from the unit, so I could send them their pics. Never replied back.

yeah that is good. one question, why did he keep washing his hands throughout the video? lol

Maybe he is a germophobic and does not want to get germs from the crap he buys on ebay :|

From what I have heard, and do not quote me because this is hear say, is that in the event that more money comes in from an auction for a unit. Any money left after paying the rent gets sent to owner rather exowner of the unit.

Say I have a unit, a 10x10 that cost me $120 per month. I am three months behind, so that is $360.

Along comes the auction, it gets bidded to $600. Well $600 minus $360 is $240. That $240 is sent back to me.

This is what I have read because of some scam that was going on shortly after the shows got aired. I personally have not verified this with any managers at any facility. So this may be true, may not be true. Or it may be different for each location or facility within a location.

I do know for a fact though that the managers will bend over backwards to help out their tenants, I have yet to meet a manager that actually likes auctions, no matter how many people show up, or how much money is brought in.