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Messages - Adamanteus

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Stories about Storage Auctions / Re: Today
« on: May 14, 2011, 08:58:03 PM »
Yeah......There is an 11 unit auction coming up on Tues. and roughly 90 on Thurs., so I should find a buy between the two.

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Stories about Storage Auctions / Today
« on: May 14, 2011, 05:03:21 PM »
Auction today: 14 units advertised, 6 units were available at time of auction. 47 registered bidders. Roughly 100 people.

Cheapest unit went for $190. Contained "firewood" (i.e. particle board tv stand and cheap head board), a Hat box, and a computer chair with a rip in the fabric. The tv stand was even busted.

Most expensive went for $790. A 10x10 packed to the brim with crap. A solid wood tv cabinet that had been painted at least twice, looked to be able to fit a 27-32" TV. A piano that you could barely see but the edge you could see was beat to hell. Boxes full of stuffed animals. Lots of trash bags with clothes were visible. The individual that bought this unit immediately started calling people to borrow their trucks to move the stuff out.

One unit climate controlled: contained some O.K. furniture and misc. items. Went for $775. I thought $350 would have been a good buy on it.
Anywho, it was a long and boring day. The auction was run by the manager and she ran the auction in $10 increments. Starting at $25 for every unit.

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Stories about Storage Auctions / Re: Today
« on: May 12, 2011, 08:28:23 PM »
The reason I actually drove through the center was to make sure that he was not just turning people away so his buddy could be a lone bidder or keeping the population as low as possible. He was just stammering too much for there to be any real conviction to what he was saying. I have been in sales all my life and can deliver a line of BS and not even flinch. This guy was VERY uncomfortable with what he was doing.

I'll take your advice and give them a call. Thanks.

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The "Other" Job / Re: Call me the man of many hustles :)
« on: May 12, 2011, 07:41:13 PM »
How does one get into foreclosure cleanouts?

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Stories about Storage Auctions / Today
« on: May 12, 2011, 07:25:09 PM »
First auction today in roughly 5 years. Showed up to register. The manager says the auction was cancelled. Supposed to be 5 units as advertised from 3 days ago. I get a few of them paying up, but all 5?? I asked him what happened......"We, uhh, are uhh, trying to get away from doing those anymore." So I ask what happens when they don't pay or come to pick up their stuff. "We, uhh, are uhh just going to let them pick it up for free or throw it in the dumpster."

Now, if this were a mom and pop storage center, I would think they would have had someone to come clean them out or sell the units privately. But this is a U-haul storage facility. I drove through the parking lot and I would guess there were about 125 units. I counted 28 "double locks" and notices.

Is this common? Thoughts on what may be going on?

6
I have never had a chargeback either.  If someone wants to rip you off they are going to. Most people are not going to get into credit card fraud. In the example with the furniture that you made, the card company is not going to just give them their $300 back. There will have to be a reason given and they will have to call you to get your response. Would it be a pain in the ass if it happened?? Sure. But the odds of it are slim. Just don't tell someone you are selling them a Louis Vitton and it actually be a knock-off, and you should never have a problem.

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Other Forms of Selling / Re: Well that was embaressing...
« on: May 11, 2011, 07:50:32 PM »
First you cover up the hooker's number and then you don't post the pics.......C'MON man. ;D

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I am not sure about that company, but I use the Intuit (quickbooks) unit. I love it. I have never had a problem with it and never had a customer with an issue with it either. Even one time customers find it very convenient. If you are only doing a couple of things a month it may not be worth it. However, if you are doing a lot of CL and flea market stuff I would strongly consider it.


9
This is absolutely true. However, this is not a dollar spent, saved or earned. It is a tax. One which you will not pay (again not a CPA) if you are claiming your income from your lockers. (All of this assuming the prior knowledge that it will hit everyone.)

Upon further looking into this, this tax would only apply to electric cars and low fuel consumptions vehicles. Those that do not pay a fuel tax or as much of a fuel tax. And I am guessing most people hauling storage locker contents are not doing it in a leaf or smart car.  ;D

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Not a CPA, but I use my vehicle for my landscaping business. I write off my gas and mileage. I would think the same would apply to anyone that is claiming their income from lockers. Just have to keep up with your receipts and keep a mileage log. Then it is a write-off regardless of the tax that would be applied. I actually write off ALL expenses w/my vehicle. I would think that if you keep your proof of attending an auction even if you don't buy they would count. Even if you live in New York and drive to Florida. As long as you attend an auction during that visit, theoretically it's a write-off. Again, not a CPA but it def. applies to my business.

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Stories about Storage Auctions / Re: HUGE lot of ULINE Cold Packs ?
« on: May 10, 2011, 02:06:15 PM »
I would set some up with cold cokes at your yardsale. Sell the cokes for $0.50 each and put the cold packs next to them for whatever price they are. But set up a demo with it. People love to see stuff work, especially if it is something convenient. Those are reusable so that makes it real easy. When they buy a coke tell them about the cold packs  ;)

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Welcome to the Online Storage Auctions Forum / Re: Central Kentucky
« on: May 07, 2011, 08:24:09 PM »
The competition varied greatly I suppose. If it was off the beaten path a little (Royal Palm) there were less people there, however, the money still followed. If the auction was in Wellington or West Palm there would be the money and a higher number of people. Higher being 10 to 15 on a weekend. I am by no means a whale or an expert in this business. It was actually by accident that I did it to begin with. My best friend got a notice that his unit was going up for auction. I said "Can they really do that?" I showed up to that auction, bought a unit for $100. Made a couple of hundred on some of the odds and ends. I only bought it because there was a "plasma" fishing rod in it that I wanted to buy from Bass Pro. Wish I would have done it more when I was there but spent most of my off time chasing women and fish.  ;D       I have finally gotten back on my feet after coming back and now run a successful lawn care business. So, my business partner asked me if I was interested in getting back in.....and here I am.

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Welcome to the Online Storage Auctions Forum / Central Kentucky
« on: May 07, 2011, 06:45:31 PM »
Standard intro......From central KY, 33 years old w/3 kids. I used to buy storage lockers in South Florida several years ago. After the hurricanes wiped me out, I moved back "home" to KY. Going to be getting back into the game next weekend.

Have read most of the postings here and look forward to contributing soon.

Dyer

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