Monday, October 31, 2011

Mini Storage For Sale - Understand How The Business Works

There is a lot of money to be made in purchasing merchandise from self storage and mini storage for sale but only if you know how to prepare for it and understand how the business works. Self storage and mini storage facilities are ways through which people who are moving to smaller spaces or are perhaps in a transient stage and could not accommodate their personal or business possessions keep their stuff on a temporary basis, often on a yearly contract. With the right background information, some pre-sale prep work, and great bargaining skills, you can make a lot of profits from buying and selling items from storage units for sale.The process is quite simple, much like a yard sale, although there are some things that you need to prepare for if you are to looking to purchase merchandise from mini storage for sale. 

To start with, you have to know where to look through listings of storage unit for sale. There are tens of thousands of self storage and storage unit facilities across the United States, a number of which usually have renters that are unable to pay their rental fees anymore resulting in the owners having to put up the contents of their mini storage auction. Studies show a monthly figure running to about a hundred thousand of storage units going into auction in different parts of the country.

You can find out about these auctions from public notices of "lien sale" and through newspaper classified ads of self storage and mini storage auctions. If you have the time and are willing to go through the effort, you can get in touch with the storage facilities within your locality and request that you be put in their mailing list for future auctions - alternatively, you can visit the websites of these storage facilities as well as independent auctioneers for schedules of auctions in your city.

Part of your preparations after you find out which mini storage auction you wish to participate in would be to contact the owner of the storage facility to ask about the specifics of the auction. Ask about what kind of auction will be done, what payment methods will be accepted, whether or not you will be allowed for a look-see before the auction, and how much you have to pay in participation fees. In most cases, you will also have to make arrangements to remove the items from the storage facility in case you make the winning bid. Take some time too to brush up on your bidding skills, making sure that you do not bid too much on merchandise from mini storage for sale, as you might be end up with merchandise that might not be worth much on the resale.

Be sure that you understand that an auction can be a very exciting place, and a mini storage auctions is going to be no different. Learn other important tips that would earn you extra more with mini storage for sale techniques at:

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