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Messages - storage_hunt

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Stories about Storage Auctions / Re: I dont wanna see that!!
« on: February 04, 2011, 12:50:02 AM »
REcently bought a unit that had boxes of files and office supplies.   In a file cabinet there was a file marked "personal records".   In this file were pictures of the renters girlfriend.  I say girlfriend because this woman was certainly not the same woman in the wedding pictures in the box marked "Desktop items".
 
;D

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Stories about Storage Auctions / Re: Ever see this at an auction???
« on: February 04, 2011, 12:44:01 AM »
It is what is not advertised that is more interesting.   Things like:

Dirty underwear.
Condoms
Porno
Vibrator
picture of the tenant's wife and other pictures of the tenants mistress.

eviction notices
past due notices
credit card statements.
disability statements
Divorce proceedings

These are the people that I feel sorry for their kids.   

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Stories about Storage Auctions / Re: LOOKY LOOS everywhere today
« on: February 04, 2011, 12:38:02 AM »
As a "newbie" I have been going to auctions for a few months now.   My Wife and I talked about doing it for years and the shows did inspire us to get off the couch and go do it.    We have bought 5 units now.   Turned a quick profit on 4 of them and are still preprocessing the 5th unit and expect to at least triple our investment on it.   

With that back ground out of the way, I get frustrated by the crowds too.  I understand wanting to try something for the first time.   But standing there and not bidding is not trying.   Further adding to the frustrations are the people that bring the whole family.   I have seen 1 & 2 year old kids getting carried from auction to auction in the middle of January in Michigan.   It's dang cold here.  Leave the kids at home and send only 1 person to bid.

Many of the more experienced bidders are welcoming  to the newbies.   I have had several good conversations with them.  They are helpful and will give pointers to newbies.   As a newbie I am not going to go after the units that the experienced bidders go after.   There are many things to consider other than price.  Size of the unit, how much stuff is in it, if there is a way to get rid of it etc.

Some lessons are learned best the hard way.   Units with stained mattresses are best left to someone else.  Units filled with garbage bags are filled with garbage.   Units larger than your garage are going to take longer than 48 hours to empty.


4
Stories about Storage Auctions / Re: I dont wanna see that!!
« on: January 26, 2011, 06:51:38 AM »
While waiting to take a turn viewing a bin, I began chatting with another tenant who happened to be in her locker on auction day.   AS i was talking to he I came to realize that just past an inventory of rolled posters was a whole wall of plastic drawers.  Ceiling to floor 10' wide.   In each of the drawers was a different variety of condom.  Then I saw a wall lined with boxes that read "Adult DVD".   No telling what was on the posters.   

Apparently this unit was rented by the local porn distributer! 

Never know what you'll see in these units.

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Stories about Storage Auctions / Re: First Auction Today
« on: January 26, 2011, 06:43:32 AM »
That is typical of many of the auctions I have attended.   while there are a few really good units and some ok units, there are a lot of units that have little to nothing of value.   One auctioneer calls these "Easy to Clean out".   I like to call them the $1 unit.   

These can be profitable too but you must consider the time you will spend cleaning it out.   

hopefully your next auction will yield something more interesting.

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General Storage Auction Talk / Re: Over 200 at local auctions these days
« on: January 25, 2011, 09:11:29 PM »
The auctions in the detroit area have gone from 10-15 regulars to 100+.   The bidding is getting stupid too.  Saw a unit with just 4 boxes (2 were empty)  go for over $60.  

The new bidders are blowing all their money on crap units and they will soon learn the hard truth.

One couple bought a unit for $350.   It was a nicer unit with some nice stuff but they didn't have anywhere to put it.   they didn't realize they had to move out with 24 hrs.   They ended up signing a new rental agreement and put the whole unit on craigslist for $800, then $500, then $300...  

The newcomers will soon get frustrated there is not a quick fortune to be made ad the crowds will thin out.   May take a few months, but soon enough.

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