Storage Auction Can Be a Nice Way to Make Extra Money

• People are making money at Midtown Kansas City storage.  Most of the time storage facilities like Midtown Kansas City storage hold auctions on specific storage units about once a month.  When people rent storage space and cannot pay their monthly rent for a period of time, their storage units are auctioned off to the public.  This is not an easy process or a process taken lightly by the managers or companies.  Laws that must be abided by dictate it or the action cannot take place.  One can look in the local papers for the announcement of these actions and the number of units to be sold. The actions usually take place in the morning and the crowds gather to bid on the units.  Sometimes ten to twenty storage spaces will be sold, other times, maybe just a few.  It is a very interesting scene to be at when you are just a beginner or just a single buyer representing yourself.  There will be auction houses bidding on these storage spaces and other businesses too.  These are hard to bid against in open bid auctions because they can usually outbid an individual.  They are good to watch though, because they can kind of tip their hand by the bids they make.  No one is allowed to go in the specific storage unit.  The bidders stand around while the manager of the facility or another worker opens the sealed unit and raises the door.  The bidders can all look in the open unit but can not go in to browse around.  Some items are visible to all like cars, sometimes, or boats or furniture, but other items are not.  There may be a whole lot of sealed boxes that no one can see what is inside.  This is where the bid can be tricky.  Are the boxes full of junk or good stuff? Midtown Kansas City storage will sell units with both.  Good boxes and bad boxes, but they do not know either which boxes are good or bad.  Do you take a chance and try to outbid your opponents or just wait?  Experience will give you some indication but it is still a risk.  Most auction houses or businesses will not take this kind of risk because a bunch of boxes with junk in it is not a good business decision.  This is where beginners can buy some storage spaces and see what comes up.  They could be cheep too, some sell for twenty dollars.  Some for two dollars.  Storage space that sells for two dollars sounds rare but managers want to get rid of the unit or they end up cleaning it out themselves.  That is worth two dollars to them for sure.  There are other considerations to think of like when you buy a unit you usually have twenty-four hours to clear it out.  A truck right on the property is the way to go.  Get it out right now.  Some people have made a profit in a short three months buying storage units.  A box or two may have valuable things in it.  You never know really.  Stories abound like a box of Hummels found or good art or tools that are expensive.  Gold or silver and jewelry too have been found.  Storage unit auctions can be fun.  You can meet interesting people and maybe, just maybe, get lucky yourself.

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Disclamer: This entry is intended to promote our partner StorageMart and some or all participants received compensation.

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