Storage Auction Guys

03/06/2017

General Auction Rules

Our Auctioneers will give verbal rules at each auction which may add to the following or amend.

Bidder Registration: Buyers must have current, valid, photo I.D. (Driver License) upon registering.
Registration Age Minimum: BUYERS MUST BE 18 YEARS OR OLDER TO BID.

PAYMENTS: CASH ONLY! NO CHECKS OR CREDIT CARDS.

Payment Due Immediately Upon Final BID. FULL PAYMENT of bid... SALES TAX... SECURITY DEPOSIT OF $ 100.00 -If you do not have the total amount for payment of the unit, you cannot leave the facility grounds to obtain more money. Your bid will be voided, you will forfeit the unit, and it will be re-sold by the Auctioneer. NO EXCPETIONS!

WINNING BIDDER: On each unit, the buyer must immediately verify their final bid, by signing a Confirmation of Sales slip, and supply current phone number and mailing address.

SALES TAX: Applicable unless buyer gives clerk a copy of Your States Board of Equalization seller’s permit, prior to payment.

UNITS AUCTIONED ONE AT A TIME: Prospective buyers please view from doorway only. DO NOT GO INSIDE, OPEN BOXES OR TOUCH ITEMS.

DEPOSITS: $100.00 per unit cleaning deposits are refundable only if units are cleaned out thoroughly and within allotted time. (Generally 24 hours) If not, buyer forfeits deposit and will require a $250 deposit at future auctions.
BIDS ARE ON THE ENTIRE UNIT: All units sold “AS IS,” “WHERE IS,” “IN PLACE,” and “WITH FAULTS,” (NO EXCEPTIONS). ALL SALES FINAL AND ABSOLUTE!
NO USE OF SITE DUMPSTERS!

Removal of Items: No items can be removed until end of auction.

Everything in unit must be removed from site premises. You must have your own locks to protect your purchase.

BUYERS: Must remove the entire unit contents and leave nothing behind at the site. (broom sweeping is appreciated) Most sites will allow 24 hours for removal of purchased units. Please stop by and tell the site office on your last trip that the unit is clear. You are completely responsible for unit removal, not matter if you re-sell or sell back to the tenant.

Bid Disputes: Auctioneer’s decision is final in the event of disputed bids on bid closing! State commercial codes state that auctioneers decision is final.
Our Auctioneers: Reserve the right to refuse any bid from any person who is disruptive, or has caused a problem for other auctioneers or at any of our prior auctions.

Facility Rules During Auctions: No Smoking, No Alcohol and children must be supervised at all times.

Cancellation without Prior Notice: We reserve the right to cancel any auction without prior notice.

Storage Auction Guys

Follow Us!
Visit us on Facebook

03/06/2017

8 Common Myths About Storage Auctions
Rachel Hartman 2 years ago Categories: Auctions Tags: storage auctions
storage auction

If you go to a storage auction in your area, will the bidding resemble the storage battles you see on TV?

Generally speaking, it won’t, Arizona auctioneer Casey Jones said. Like most things, the “reality” on the screen doesn’t match what takes place at real-life storage auctions.

Still, when understood correctly, storage auctions can be a worthwhile—and even entertaining—way to spend your time. “At our auctions, we have some banter back and forth,” Jones said.

Here, experts share eight common myths about storage auctions, as well as the truth behind them.

1. Every Unit Contains Valuable Stuff.

Incredible finds are definitely a possibility when purchasing storage units, but “it just doesn’t happen quite as often as seen on TV,” said Travis Lane, founder of OnlineStorageAuctions.com.

To make the most of your experience, know where you can sell the items, Jones suggested. If you have an outlet in mind, you’ll be able to think through the value of goods, along with the profit to be made.

2. It’s Impossible to Tell What’s Inside a Unit.

While stepping foot into a storage unit isn’t allowed before an auction begins, you’ll be able to peer into it from the outside.

storage auction bidders

Bring a flashlight, Jones said, and “don’t forget to use your nose.” You might be able to spot collectible items that might fetch a nice price. You’ll also know, by smell, whether the previous owner smoked or whether some items should have been thrown in the trash.

3. Storage Operators Remove Valuables Before the Auction.

“Like most conspiracy theories, this one is based upon the actions of a few bad apples,” Lane said.

In reality, auctioning off someone else’s belongings is a last resort, said James Grant, president and CEO of auction website StorageTreasures.com. By law, if a storage tenant stops paying for a unit, the facility must auction off the items inside to help cover the amount due.

4. A Credit Card Is All You Need to Buy a Unit.

“Always bring cash,” Jones said.

In addition to the amount you bid, you’ll need to pay sales tax, unless you have a sales tax ID number.

You’ll also usually be required to pay a cleaning deposit. This amount, typically between $50 and $100, will be refunded as soon as you clear out the unit.

5. You Must Attend the Auction.

Sites such as StorageTreasures.com and OnlineStorageAuctions.com allow you to bid on storage units from home. If you bid online, “you’re not dependent on the weather,” Grant said.

online storage auction

Furthermore, online auctions give you the chance to do a little research. For instance, if you spot a bike or a refrigerator, you can look online to see whether the item is selling for a certain price on eBay or another e-commerce site.

6. You Can Keep Any Memorabilia You Find.

If you make the highest bid, you’re generally entitled to all of the contents inside a storage unit.

However, most facilities ask that you return personal items, such as photo albums, to the facility manager. “It’s just common courtesy,” Jones said.

7. Storage Operators Make a Big Profit From Auctions.

By law, storage facilities can keep only the overdue amount of rent, as well as enough to cover the costs of the auction, such as lock-cutting fees. 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.

For storage facility owners, “it’s their last legal remedy to get back the storage unit to rent to someone else,” Grant said.

8. You Can Pick Up Everything at Your Convenience.

After buying a unit, you often have until the close of business the next day to clear out a unit, Jones said.

Some facilities might let you rent the unit for a month and remove the items during that time. The sooner you clean out a unit, the more time you’ll have to evaluate—and then sell—what you find.

03/06/2017

If You Want to Participate in a Public Storage Auction
Typically, public auctions are scheduled once a month and are advertised in the local newspapers with as much info as possible.

Approximately 15 minutes prior to the start of the sale, all bidders must sign in and wait for the auctioneer to go over the rules.


A few rules ...

Best to know the rules before you arrive. If you’ve seen any of the shows, you know that all bidders are not allowed to enter the unit or touch anything inside from the doorway. This is just one of many rules and auction etiquette for public storage auctions, including:

Bidders are bidding on the entire unit as a whole, not item by item.
The auction of each unit is open (not sealed bids).
Unit is sold to the highest bidder.
Winning bid must be paid in cash immediately.
A deposit may be requested by the site at their discretion until the unit is cleaned out.

The winning buyer is typically given 24-48 hours to clean out the unit or rent it under their name.
Vehicles are typically sold “for parts only”–we do not obtain a title to turn over to the winning buyer.

The buyer must return personal items (photos, legal documents, tax records, identification, etc.) to the rental office to return it to the tenant.

Any stored fi****ms must be turned over to local law enforcement.

03/06/2017

March 14th Storage units AUCTION
Please Register NOW - https://goo.gl/forms/olsjUDrZ1MticpWl1

30 plus Storage Units for sale. No minimum bid - open to the public.
Registration open at 8:30 AM - CASH ONLY (coffee will be ready)

2325 East Foothill Boulevard San Bernardino CA 92410

Rules? Just a few....
Best to know the rules before you arrive. If you’ve seen any of the shows, you know that all bidders are not allowed to enter the unit or touch anything inside from the doorway. This is just one of many rules and auction etiquette for public storage auctions, including:

Bidders are bidding on the entire unit as a whole, not item by item.
The auction of each unit is open (not sealed bids).
Unit is sold to the highest bidder.
Winning bid must be paid in cash immediately.
A deposit may be requested by the site at their discretion until the unit is cleaned out.
The winning buyer is typically given 24-48 hours to clean out the unit or rent it under their name.
Vehicles are typically sold “for parts only”–we do not obtain a title to turn over to the winning buyer.
The buyer must return personal items (photos, legal documents, tax records, identification, etc.) to the rental office to return it to the tenant.
Any stored fi****ms must be turned over to local law enforcement.

Good luck and See you on the 14th. Please share with friends

2325 E Foothill Blvd, San Bernardino, CA 92410