In the 6 month period I purchased over 100 storage units at auction. I usually set a maximum amount that i would spend based on what I could see in the unit. My philosophy was that if I bid on what We could see and I didn't discuss my budget, exactly what I couldn't see has been pure profit. Very rarely did this strategy let me down. From the time that the television shows Storage Wars and Auction Searchers premiered, there are become more & trickier to purchase a storage unit at a price that I could still make money on.
With January, 30 days after the shows premiered, I remember taking into consideration the hundred or so some other professional storage auction buyers i saw every week. Most of these people that attend storage space auctions have resale shops or flea market booths to move their merchandise. These individuals have built their lifetime around these auctions and rely on them to make ends meet. They are the individuals who are truly suffering from the aftermath of the reality shows. This type of person just like you together with I, they also have mortgages, vehicle payments, bills and also other expenses. I do believe most will admit which it has become difficult to make ends meet & that the storage auction business has changed, forever.
Once I realized that influx of new clients attending storage auctions in our area, Houston, TX, wasn't just a trend, I knew i had to get heli-copter flight beaten path if I wanted to survive in this business & still make money. I knew that our main source for storage auction information, which advertises to your masses, neglected over half of the storage facilities inside greater Houston & surrounding areas. Most of these storage facilities advertise their auctions in smaller, local newspapers. Since Houston has over 40 smaller cities in the great city, both of which have their own local newspapers, signing up to and reading them on a daily basis wasn't an option. I was determined to find something out and I did.
I realized that the auctions that aren't advertised on the masses generally have a lower number of buyers that attend case. Where there does exist less competition, there is a better chance of investing in quality storage unit for a good price. It was a whole lot of work, nevertheless I created a info base with over 1400 storage facilities, over 700 of which do not advertise within mainstream publications. These are the smaller "mom & pop" facilities that don't enjoy the advertising budget of some sort of publicly traded self storage facility. It took over a month to build this database & to call every facility, but it surely was worth it.
My efforts produced a monthly list of 30-50 storage auction events which not many other people knew approximately. I made a decision to make this list available to others and created an internet site called http: //www. houstonstorageauctions. com . We are a service that supplies storage auction information for 100% off auctions, (over 500 monthly), within 60 miles of town center Houston, TX. Public Storage ChicagoStorage unit auctions have grown to be very popular during the last couple of years.