Storage unit auctions take place when the owner of the storage unit facility puts the contents of any unit up for sale as a result of the tenant who owns such content’s inability to meet with payment obligations after a set period of time. What makes this so interesting is not knowing what to expect. Do you get the picture? Okay if you don’t let me back track a bit. Well, you see people sometimes rent storage space to keep their valuables and other items. These goods are kept in facilities known as self storage and when the tenants/owners who keep such goods are not able to fulfill their contractual obligation storage auctions may be held in order to vacant such tenants.
So the means through which non-paying tenants are vacated is via storage unit auction. The lien auction in question is open to the public, with many of the bidders purchasing in order to resell for profit. Nevertheless, the tenant whose property or goods is about to be disposed still has the right up until the moment the auction starts to make payment for debt owed and so reclaim his/her goods. Now once the auction begins, potential bidders/buyers are permitted to view contents inside the space by looking in through the door. However, no items will be allowed to be touched or moved until the auction has ended. Usually spaces are sold “as is” with the buyer receiving every item in the space and will be responsible for carrying contents inside out and away.
Alright so having said all this, what is in it for you with respect to storage unit auctions? Well, it provides the opportunity of running your own home business for one. How? Good question. You see these auctions present a wonderful source for getting merchandise that can be resold via flea markets, swap meets, online ads, garage sales, et al. And one good thing about this line of business is that it will cost you little or nothing to start. Making it a suitable business for students, retirees, sit-at-home moms and what have you.
You can start this business in no time as it does not take you a long time to learn and then begin bidding to make yourself some good money. Storage auction is something you can do on a part-time or full-time basis. If you are a retiree for instance it is very well possible that you are in search of ways to augment what comes to you in the form retirement checks, etc. Through storage auctions you can anything between some hundreds of dollars per month to much more.
Okay on a final note it is important at this point to say that before embarking on doing this on a full-time basis you need to find out if you possess the traits to be able to work on your own. Do not skip this as this is not an attempt to make you doubt your capability, but a time for you to do some soul searching in order to realize the challenges and opportunities ahead of you.