What you Need to Know about Storage Auctions

 

 

Before you attend a storage auction at Safegard Mini Storage in Tigard, Oregon you will want to take the time to do some research and see how storage auctions typically work. To help you we have provided some of the facts you need to know about storage auctions.

 

Not Every Unit is Valuable

While you might get lucky occasionally, you shouldn’t go into a storage unit thinking you are going to find a gold mine. You might be able to find a few things you can sell for a profit in a storage auction but the reality TV shows make it look like it happens more often than it does. You might only be able to sell a few things in the unit and have to toss the rest.

 

It’s not impossible to see Inside a Storage Unit

Even though you aren’t allowed physically in the unit, you are allowed to look in it. This will give you a pretty good idea of the stuff that you will be bidding for. It is always a good idea to bring a flashlight so you can see all the way to the back of the unit.

 

Bring Cash

If you are going to be placing a bid on a unit you need to have cash in hand. Make sure you bring enough for sales tax and the cost of cleaning the unit as well. Check with the facility manager to see what the fees are.

 

You can’t keep Personal Memorabilia

While you can keep what you buy in a storage unit auction, some facilities will ask you to return any personal memorabilia you find in the unit such as photo albums or family movies. You won’t find much value in these any ways.

 

Storage Facilities Don’t Make a Profit

Storage facilities are required by law to only keep the amount that is overdue in rent and the costs of having the auction. The money generated over this amount is given to the tenant of the unit.

 

Be Prepared to Empty the Unit that day

It is standard with most auctions that you have until the end of the day to clean out the unit you purchased. Occasionally you can rent out the unit for a month or so to have time in emptying out the contents, you just have to check with the facility manager.

 

For more information regarding storage auctions and how they work at Safegard Mini Storage in Tigard, Oregon make sure you give us a call. We are happy to help you with all of your storage needs.