Self storage auctions have grown in popularity recently, mostly because of reality tv shows like Storage Wars and Auction Hunters. These television shows offer big profits on small investments of the auction bet.
While auctions don't always yield such profitable finds, it is possible to make extra income buy buying and selling storage locker auction merchandise.
Many of the treasures that come from auctioned off lockers are from units that have been rented for many years, from 10-30 years or more. Oftentimes, these will have older, antique items that could be worth quite a profit.
However, some newly rented storage lockers can also yield a profit, especially if they were owned by an inventor, collector, or they contain family heirlooms.
To get a good idea if a storage unit for auction has valuable merchandise inside, bring a flashlight and look for hidden treasures that others may not have seen. Safes can also be a good sign that the unit has something valuable. Finally, if a unit is clean and the items are organized and stored properly, they may yield expensive items, because the owner took the time to make sure their storage unit was neat, organized, and clean.
This post was sponsored by Auction Hunters, a website owned by Self Storage Investing.
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