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Secrets to Self Storage Auctions
E-Zine Articles ^ | June 17, 2008 | Kamyar Shah

Posted on 12/09/2010 11:35:16 PM PST by 2ndDivisionVet

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Enjoying the new reality show about this.
1 posted on 12/09/2010 11:35:23 PM PST by 2ndDivisionVet
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To: 2ndDivisionVet

It’s disgusting how some people gain off other’s weakness.


2 posted on 12/09/2010 11:55:00 PM PST by Java4Jay
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To: 2ndDivisionVet; Java4Jay

Hannibal Lecter?


3 posted on 12/09/2010 11:59:17 PM PST by sinanju
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To: Java4Jay

People need to leave their items unpaid in storage for about 4-6 months before their stuff is sold.

They get informal notices, preliminary lien notices, and lien notices (formally served).

I am not sure why the owner of the storage unit is disgusting by selling the contents of the unit if the owner willfully declines to pay rent.

It is legal; and it is proper. The storage unit is not the free town dump.


4 posted on 12/10/2010 12:00:51 AM PST by Persevero (Homeschooling for Excellence since 1992)
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To: Persevero

I’m referring to the prowling leaches looking to gain off these bids.


5 posted on 12/10/2010 12:03:29 AM PST by Java4Jay
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To: 2ndDivisionVet

For some who get behind, they can’t catch up and their life’s belongings are sold to highest bidder.

Self-storage units are cash cows.


6 posted on 12/10/2010 12:09:35 AM PST by Java4Jay
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To: Java4Jay

It’s called ‘business’. Do you feel that way about undertakers and mortuaries, too?


7 posted on 12/10/2010 12:10:27 AM PST by SatinDoll (NO FOREIGN NATIONALS AS OUR PRESIDENT!)
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To: Java4Jay
Just like bankers,they survive off of other peoples miseries.So sad.
8 posted on 12/10/2010 12:10:37 AM PST by taxtruth (Don't end the fed,jail the fed!)
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To: SatinDoll

Sure,they are crooks and I had to go through their BS to bury a person.


9 posted on 12/10/2010 12:12:12 AM PST by taxtruth (Don't end the fed,jail the fed!)
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To: 2ndDivisionVet

Pawn shops and title loans are another to prey on the unfortunate


10 posted on 12/10/2010 12:14:36 AM PST by Java4Jay
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To: Java4Jay
It’s disgusting how some people gain off other’s weakness.

And what would you propose as an alternative to the owner of the facility to collect a debt which is legitimately owed to him?

11 posted on 12/10/2010 12:16:44 AM PST by Michael.SF. (Current count of friends/family who have abandoned Obama: 11)
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To: Java4Jay

“I’m referring to the prowling leaches looking to gain off these bids.”

Well, they are bidding in a fair auction.

Sometimes they do well, sometimes they do poorly.

Sometimes the storage place owner gets his back rent and fees; sometimes he does not. At least he gets something.

If there was no potential reward in bidding, no one would bid, and the storage owner would be stuck with someone’s dumped or abandoned things.


12 posted on 12/10/2010 12:17:45 AM PST by Persevero (8 days until the lame duck Congress goes home.)
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To: Java4Jay
I’m referring to the prowling leaches looking to gain off these bids.

What do you suggest should be done instead?

What else would work? Enlighten us.

13 posted on 12/10/2010 12:18:59 AM PST by TChris ("Hello", the politician lied.)
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To: 2ndDivisionVet

A US company lays off 500 employees and moves operations to India. Their stock gets a boost and the CEO a bonus.

I couldn’t do it. This is why I stay away from the market.


14 posted on 12/10/2010 12:19:15 AM PST by Java4Jay
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To: 2ndDivisionVet

I don’t have the answers to your question, but I try to live, as Jesus would have me.

I do not see Him bidding for profit, while others suffer.

This is my heart.


15 posted on 12/10/2010 12:24:05 AM PST by Java4Jay
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To: Java4Jay

Your idea of a perfect life is akin to socialism, no one makes a profit. I suppose you think people should offer storage space for free? And pawn shops should just give money away instead of requiring collateral?Your view of the world does not make any sense


16 posted on 12/10/2010 12:25:24 AM PST by eastforker (Visit me at http://www.eastforker.com)
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To: taxtruth

Bankers loan people money to buy homes, cars, furniture, to start a business and for many other reasons. When borrowers don’t pay back these loans, what would you expect those out that money to do? Do you not believe in contract law and private property?


17 posted on 12/10/2010 12:26:54 AM PST by 2ndDivisionVet ("You don't have a soul. You are a Soul. You have a body." CS Lewis)
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To: 2ndDivisionVet

… Just as it’s ethically wrong to burn grain to power a Cadillac, while people starve for food.


18 posted on 12/10/2010 12:28:10 AM PST by Java4Jay
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To: Michael.SF.; Java4Jay

I can feel for both the renter of the unit, and the storage unit owner. From an earlier post it sounds like the storage company has to go through a lot to auction of the stuff. I recall my mom had a renter skip town on two-months without paying the rent on her apartment. My mom spent a lot of time trying to track down relatives (pre-internet days). Finally came across a daughter that wanted nothing to do with her crazy mom.

My mom had to put the lady’s stuff in storage for several months and post ads trying to locate her! I’m not sure how it ended - I think it might have all been trashed or sold.

So - no good for the storage business to get stuck with lost rent and the hassles of getting rid of it.

And if the folks had anything of value in there, they could have grabbed some of it and sold it themselves, pay the rent, and then move the rest of their stuff out.

I bought something on-line. Got a call later from a detective that said it was from a storage unit auction, but it was all stolen property. And that I needed to contact the insurance guy and he gave me the number. I told him that obviously I didn’t know that, the auction winner probably didn’t know that, but yes, give me the number.

I never did call the number. I figured if it was that big of a deal they would get ahold of me again. Plus, it might have just been a scam.


19 posted on 12/10/2010 12:30:14 AM PST by 21twelve ( You can go from boom to bust, from dreams to a bowl of dust ... another lost generation.)
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To: Java4Jay

20 posted on 12/10/2010 12:30:52 AM PST by 2ndDivisionVet ("You don't have a soul. You are a Soul. You have a body." CS Lewis)
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