Selling Self Storage Property

Have you ever been to a self storage auction where the contents of storage units are auctioned off to the highest bidder? Some people make it their business. They go from storage facility to storage facility and buy the contents of storage units through auctions for resell.

My youngest son has a friend his name is Allen. Allen purchases the contents of self storage units for resale. I am not sure how lucrative his business is but he appears to be doing very well. About a year ago I came home and found my son in the garage going through some boxes. He had a huge smile on his face and appeared to be very excited. He was moving rapidly through the boxes just like a little kid in kindergarten who just found a new box of toys. He looked up and saw me and said, ”Hey mom, what’s up? Check this out.” I asked him where this stuff came from. He had 3 pairs of Michael Jordan tennis shoes in three different colors. There were watches, (called “ blingers”), necklaces, and gangster looking clothes. The real nice big and baggy sweat suits that you see the rappers wear on TV. My son explained to me that Allen bought the contents of a self storage unit that belonged to a gangster who was currently serving time in prison. The gangster had a girlfriend who stopped paying rent on the self storage unit so it went up for auction. He was so excited that I just swallowed hard and smiled.

One of the facets of the self storage business is disposal of contents of unpaid units. Many resale addicts and pack rats take advantage of this self storage secret.