Did you ever hear of making money from storage unit auctions before A&E television’s popular new series Storage Wars hit the airwaves? Many people never knew that such a business existed. This new show has everyone buzzing about making it rich. Storage Wars follows a group of people who travel from storage auction, to storage auction. And the TV cameras are there to catch everyone in their glory. Or, in their worse moments when they buy a unit with boxes full of rat droppings. When rent is not paid on a storage unit for several months, the renter must pay up in full, or they will have the contents of their storage units seized by the storage company, who will then auction off their belongings to recover the back rent that was not received.
One of the four featured people on Storage Wars is Dave “The Mogul” Hester. Dave is the owner of a large thrift store, and he makes life hard for the others by bidding them up on purpose, even though he may not want to buy a particular unit, then backs off when he feels he has drove the price the unit up high enough without getting stuck with it. Dave does extremely well and had made a good living off of storage auctions.
Darrell “The Gambler” Sheets, is one of the others who has done quite well over the years. He often gets into it with Dave, and there seems to be somewhat of a rivalry between them.
Jarrod “The Young Gun”, Schulz, like Dave, also has a thrift store that he operates along with his wife, Brandi. They work as a team, but they get into it with each other from time to time, and it is quite amusing.
Then there is Barry “The Collector” Weiss. He seems to be newer to the game than the others. Barry has not done so well in most of the auctions that have aired, but he has had a few good buys. In one episode, Barry went to an auction where he bid and won some some abandoned possessions from Suge Knight, of Death Row Records. Barry bought a box of Knight’s clothing with his name embroidered on it for $340, and it he ended up making several thousand dollars.
Then there was the time when Darrell recalled one of his big scores. He purchased a unit in 1991 for $2700 that contained a comic book collection. It ended up that it ranked in the top ten of most valuable comic book collections of all time. Darrell eventually sold the collection to a buyer for $130,000. Darrell also recalled the time when he found a body in a storage unit! It was a plastic-wrapped human corpse. When the police interviewed Darrell, they determined that the prior owner of the storage unit had murdered his wife and subsequently placed her into storage.
So, there is money to be made in the world of storage unit auctions. But, there is money to be lost as well. Not only is it a gamble, but it does require experience and skill to know what to look for. Tune in to Storage Wars on A&E, and educate yourself a little. If you have money to burn, there is a chance for money to be made.