There has been a tenfold increase in interest in storage unit auctions lately, thanks to reality TV shows featuring seasoned auction hunters who always manage to get the best “loot” whenever they bid hard for storage units. People are now interested in the mechanics of storage unit auctions. If you’re interested in joining a storage unit auction yourself, you’re in luck. We’re going to share with you simple tips on finding the best auctions in your city.
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Finding the best auctions
- First, check local magazines and publications (such as broadsheets) for ads featuring upcoming auctions. By law, storage unit companies need to exert the utmost effort to contact the original renters so they can pay their dues. Publishing a schedule auction on a local broadsheet can help reach renters who have already moved away.
Once you find the publications that contain lots of auction ads, we suggest that you subscribe to these publications so you will always be updated on the latest auctions. You need to note the time, date, and place of the storage unit auction.
If you can get a telephone number or email address, that is better because you can contact the company on the day of the auction to confirm if the auction is still being held. Sometimes, renters appear out of nowhere to settle their monthly dues. If this happens, auctions are automatically canceled by the storage unit manager.
- If you have specific storage unit companies in mind, you can try looking for the company’s website to get ahold of their email address and telephone number. Reaching a company through telephone is one of the best ways of communicating with storage unit companies.
These companies appreciate it when an auction hunter really makes an effort to find out more about their auctions. Companies usually offer to fax or email upcoming storage unit auctions.
Attracting the highest number of bidders is in their interest, so they have no real reason to turn you away, since you’re an auction hunter yourself. While you’re on the phone with a clerk or storage unit manager, we recommend that you ask them about their auction policies, such as how many days you have to clear out a storage unit that has been won.
Remember, there are no dumb questions when it comes to auctions. The more questions you ask, the better informed you will be, and the better prepared you will be on the day of the auction itself. This applies most especially to those of you who have just entered the storage auction scene.
- There are many websites that provide free information on upcoming storage auctions. Some websites, such as AuctionZip, provide a free search service; others require a monthly fee. Choose a service that provides the best information about your area, so you can save money on gas (don’t visit auctions that are four hours away!). When you see scheduled auctions online, it is still advisable to call the actual companies hosting the auctions to confirm the date and time of the auction.
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