Thanks to reality television series, such as “Storage Wars,” it is now popular for entrepreneurs to purchase storage units that have been abandoned by renters and to earn a profit from what is found inside. While the show has produced some impressive discoveries, being able to make a living from the purchase of abandoned storage units will require careful planning and execution and a willingness to travel to several auctions per week.
For those who are interested in taking part in storage auctions Petaluma, they may need a few tips to ensure their efforts are profitable. Keep reading to learn what those tips are.
Find Storage Auctions in Your Local Area
There is no way to purchase storage units if you don’t know where to find the auctions. Contact a few facilities in the local area to learn where storage unit auctions are going on. Some facilities hold auctions a few times a month. It is also possible to check on storage facility websites, the local classifieds, and subscribe to newsletters that will provide notification of auctions coming up.
Explore the Sales Avenues You Have
Before purchasing a storage unit, you must know the best places to sell the items in the units. Online sales through auction websites like Craigslist or eBay are options, no matter where you live. Some other options you can consider include pawn shops, garage sales, or flea markets. For larger or heavier options, it will be best to sell locally to avoid high shipping charges that will eat into your profits.
Are You Ready to Buy at Storage Auctions?
As you can see, there are several things you must consider if you are interested in buying at a storage auction. Keep this in mind to ensure you take the right steps to make your storage auction ventures profitable.