How do I get an abandoned storage locker?

Go online to one of the popular storage auction sites and sign up. There are 2 major auction sites for abandoned storage units: Storage Auctions and Storage Treasures. Go to either of these sites and sign up for a buyer’s account by entering your name, address, and credit card information.

Is buying storage units profitable?

In many cases, owning a storage facility can be a profitable business venture. Extra space is a commodity many people will pay for. Also, it is a reliable recurring income should you attract enough business.

Is StorageTreasures com legit?

StorageTreasures.com has a consumer rating of 1.58 stars from 100 reviews indicating that most customers are generally dissatisfied with their purchases. StorageTreasures.com ranks 108th among Auction sites.

Are police auctions legit?

Since Police Auctions are mandated specifically by the government as a way to release items from custody, they are real. These police auctions are a lawful way for the public to buy secondhand goods, and they’re typically less expensive than the alternative.

Are online storage auctions legit?

All of which are Illegal, no matter if it is an online or live auction. Generally, the self-storage operator’s lien is only for a few hundred dollars so, the scam artist can profit by staging their units so that it looks valuable to the auction buyer when, in fact, it may be worthless.

Do storage auctions exist?

How do storage auctions work? After a storage unit has been abandoned or gone into lien, self storage facilities may schedule an auction to clear out items. An auctioneer is brought in, and the units are auctioned off to the highest bidder.

Who gets the money from a storage auction?

Storage operators make a big profit from auctions. The remainder goes to the tenant. Say a place has a delinquent tenant who owes $500, and a unit of the unit generates $1,000. The facility can keep just $500, plus enough money to cover auction fees. The rest is sent to the customer.

Is PropertyRoom legit?

PropertyRoom.com has a consumer rating of 2.57 stars from 14 reviews indicating that most customers are generally dissatisfied with their purchases. PropertyRoom.com ranks 58th among Auction sites.