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What to do after you win a storage unit?
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What happens if I don't empty my storage unit?
Winning a storage unit at an auction can be a thrilling experience, but what happens next? In this article, we’ll explore the process of winning a storage unit and what to expect once you take possession.
After you win a unit, the first thing you should do is contact the facility to confirm the unit is still available. A very frustrating, albeit legally required, part of online storage auctions is the delinquent tenant gets a little extra time to pay their bill.
A storage unit auction takes place when a storage tenant stops paying rent. After a certain period without payment, the tenant’s belongings may be auctioned to the highest bidder to pay back rent owed. It also clears out the contents of the self storage space so that the landlord may re-rent the unit.
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When you win the storage auction, this will be held on your card. You get it back when you FULLY empty the storage unit. If you leave anything in the unit for the storage company to throw away, they might keep your cleaning deposit.
Why Do Storage Unit Auctions Happen? The primary reason storage unit auctions occur is due to non-payment of rent. When a storage unit renter fails to pay their fees for an extended period, the storage facility has the legal right to auction off the unit's contents to recoup lost revenue.
Oct 24, 2024 · Storage auctions are an intriguing and sometimes lucrative way to acquire forgotten treasures from abandoned storage units. Whether you’re a seasoned bidder or new to the scene, understanding the ins and outs of storage auctions can help you bid smarter and maximize your returns. In this blog, we’ll walk you through everything you need to ...
Be prepared to haul away anything you bid on and win. You’ll typically have 24 to 48 hours after purchase to empty the unit. Have a space for sorting and storage and a strategy for turning your inventory for a tidy profit. What Happens Once a Storage Auction Begins?
