Can You Buy Abandoned Storage Units

The best way to figure this out is to call a storage facility and ask them when their next auction is being held.

Can you buy abandoned storage units.

You can find live auctions in your area and attend them in person or bid online through one of the popular auction sites. At any time there could very well be an abandoned unit up for bids near you. Storage companies put a clause in their contracts that allows them to sell the contents of a unit if the lessee does not pay his monthly bill for a certain period of time. If you d like to try buying and selling abandoned storage units here s what you ll need to know.

First you need to find out where and when the auctions are held. Auctioning off the contents of the unit will allow the facility to recoup the lost rent. The storage companies sell the contents of storage lockers through auctions and direct sales to recoup the lost money. Any of our 55 self storage facilities across california could have units eligible for online auction.

Keep in mind this is essentially a form of gambling. Have you ever watched the television show storage wars. Well that is what this is in real life with more details of how it all works from finding the auction all the way to reselling the contents. It will state that this person s storage unit has been abandoned due to failure to pay rent and will announce that the contents of the storage unit will be placed for auction on a specified date and time.

Since sorting and selling the items in an abandoned unit is time intensive storage facilities simply auction the units off to random buyers.