Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

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

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101-111 next last
To: Java4Jay

The people you are talking about already suffered the moment they didn’t pay the storage bill, at that moment, they do not own that property any longer. When the property is sold, it goes toward paying the bills they owe. Sometimes people rent a storage unit and fill it with nothing but junk, reason is one month storage is cheaper than several trips to the dump.


21 posted on 12/10/2010 12:32:38 AM PST by eastforker (Visit me at http://www.eastforker.com)
[ Post Reply | Private Reply | To 15 | View Replies]

To: eastforker

I’m a staunch conservative with compassion for mankind


22 posted on 12/10/2010 12:33:13 AM PST by Java4Jay
[ Post Reply | Private Reply | To 16 | View Replies]

To: Java4Jay
A US company lays off 500 employees and moves operations to India.

Where that same company then hires 1500 locals to do the work previously being done in the states. Those people have now raised their standard of living by a significant factor.

Does that not accomplish that which you espouse?

23 posted on 12/10/2010 12:33:55 AM PST by Michael.SF. (Current count of friends/family who have abandoned Obama: 11)
[ Post Reply | Private Reply | To 14 | View Replies]

To: 2ndDivisionVet
I read an article about these storage units and their delinquency auctions in the WSJ many years back, that was similar in some ways to this one. Some people used these storage units for crimes, eg making drugs. I think the OKC bombers mixed the ingredients for the truck bomb in one.

Many sales were "white elephant auctions" where the bidders weren't allowed even a peek from the door, and the only info they were given was the number of months/years the customers had paid rent before finally lapsing. They had to pay a big deposit before bidding, and bring with them the means to haul away all the contents, so in case there was only worthless junk, they wouldn't walk away and leave it for the building owner to empty.

There was a really sad, haunting story about one unit. I'll type it in from memory if I have the time.

24 posted on 12/10/2010 12:36:12 AM PST by CardCarryingMember.VastRightWC (If my kids make a mistake in the voting booth, I don't want them punished with a community organizer)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Java4Jay

More like a bleeding heart liberal.


25 posted on 12/10/2010 12:37:23 AM PST by eastforker (Visit me at http://www.eastforker.com)
[ Post Reply | Private Reply | To 22 | View Replies]

To: 2ndDivisionVet

…and my posts referred to some, not all people.

Some have been foolish in their life decisions… but some had not.

Where is the love, the compassion, are we all animals ?


26 posted on 12/10/2010 12:37:29 AM PST by Java4Jay
[ Post Reply | Private Reply | To 1 | View Replies]

To: Java4Jay
I’m a staunch conservative with compassion for mankind

I’m a staunch conservative with selective compassion for mankind.

fixed it.

27 posted on 12/10/2010 12:37:50 AM PST by Michael.SF. (Current count of friends/family who have abandoned Obama: 11)
[ Post Reply | Private Reply | To 22 | View Replies]

Comment #28 Removed by Moderator

To: eastforker

“..rent a storage unit and fill it with nothing but junk...”

That is why I have been tempted to rent one, but never have. I’ve got so much junk, but one of these days.....

Last summer I built a shed to store some of the stuff and get it out of the basement and garage. The idea to turn the basement into usable space.

My daughter was helping me put something into the shed, and she commented about being able to use the basement, and I said “yeah - someday I’ll get around to cleaning the rest of it out.”

She paused for a moment after pondering things, and then said “So how many more sheds do you think we will need?”

(It needs to go to the dump, as much as I would like to hang on to some of it!)


29 posted on 12/10/2010 12:41:10 AM PST by 21twelve ( You can go from boom to bust, from dreams to a bowl of dust ... another lost generation.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: eastforker

What… a ‘Right Winger’ can’t have compassion for mankind ???


30 posted on 12/10/2010 12:41:18 AM PST by Java4Jay
[ Post Reply | Private Reply | To 25 | View Replies]

To: 2ndDivisionVet

Bankers have no money.They loan 9 times of what they have on hand.In other words they don’t have any cash just like the no federal reserve that creates loans to banks out of thin air.So to begin with,no one had any money did they?I see this as FRAUD or a crazy ponzi scheme.


31 posted on 12/10/2010 12:41:18 AM PST by taxtruth (Don't end the fed,jail the fed!)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Michael.SF.

You mean you are a selective SHARK in the water.


32 posted on 12/10/2010 12:44:03 AM PST by taxtruth (Don't end the fed,jail the fed!)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Java4Jay

You can have compasion. But, if they was stupid enough to lose it instead of selling it when they still had it, well yeah, I feel sorry for them. Failure to plan on thier part does not constitute an emergency bailout on my part.


33 posted on 12/10/2010 12:46:28 AM PST by eastforker (Visit me at http://www.eastforker.com)
[ Post Reply | Private Reply | To 30 | View Replies]

To: 2ndDivisionVet

This beloved country of ours is hosed…

the entitlements have bankrupted our nation and made citizens slaves to it.

same as giving a junkie more free dope


34 posted on 12/10/2010 12:49:31 AM PST by Java4Jay
[ Post Reply | Private Reply | To 1 | View Replies]

To: taxtruth

Are we debating fiat money & fractional reserve lending or storage unit auctions?


35 posted on 12/10/2010 12:51:06 AM PST by 2ndDivisionVet ("You don't have a soul. You are a Soul. You have a body." CS Lewis)
[ Post Reply | Private Reply | To 31 | View Replies]

To: 2ndDivisionVet

I would pay to cart off a lot of the junk my wife has in storage.


36 posted on 12/10/2010 12:51:06 AM PST by Berlin_Freeper (Eliminate the hostile artillery.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Java4Jay

Of course we can have compassion. I think that the various posts here though acknowledge that the storage business shouldn’t be stuck with months and months of unpaid rent. And as someone else had posted earlier, they need to go through lots of procedures to put the stuff up for auction.

I still think that if the folks really wanted to keep their stuff, they could sell some of it off to pay their rent.

One solution would be to have compassionate people like yourself bid on the units, and then just give all the stuff back to the owners.

Or - a compassionate model that might even work, would be to buy the unit at auction, and then offer to sell it back to the owner at cost + some amount to cover your time and expenses.

Or - you buy the auction, sell off the easy stuff giving the owner’s first dibs (nice furniture, collectibles, etc.) and then just giving them the slow sellers (clothing, small home furnishings, etc.) Heck, you could probably give the usefull slow selling stuff if the owners don’t want it and give to the local church or Goodwill and help other families in need. And take a tax write-off on it.


37 posted on 12/10/2010 12:55:04 AM PST by 21twelve ( You can go from boom to bust, from dreams to a bowl of dust ... another lost generation.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: 2ndDivisionVet

I got a solution… GRSU

Government Run Storage Units… yeah, that’s the ticket.


38 posted on 12/10/2010 12:59:12 AM PST by Java4Jay
[ Post Reply | Private Reply | To 1 | View Replies]

To: Java4Jay

No wait, they already have that…

it’s called Public Housing.


39 posted on 12/10/2010 1:00:42 AM PST by Java4Jay
[ Post Reply | Private Reply | To 38 | View Replies]

To: Java4Jay

40 posted on 12/10/2010 1:05:42 AM PST by Berlin_Freeper (Eliminate the hostile artillery.)
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101-111 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson