Scott – What is going on at the storage auctions? I won a few storage units and I am very disappointed to say the least! I won 2 units – the first for $600.00 and the second unit for $300.00 and all said and done, I think I have lost about $100.00 for my time. — please help, Mary Las Vegas.
Yes with the new storage auction TV shows, it is very competitive bidding at the auction these days. I think people forget, that they are not the only ones watching TV.
Is there money still to be made? I think so, but this will be money found. The market is tight almost everywhere, even in second hand goods, and with storage auctions reaching the main stream, the prospects of making money has brought people out of the woodworks to bid!
Scott’s sneaky selling tip –
When buying many units, I found myself with an abundance of items like… dishes, VCR s, toasters, DVDs, mostly 1-5 dollar run-of-the-mill items. These are difficult to list on the web one at a time. To turn these into hundred dollar items, sometimes I would make what I would call “Home starter kits”. I would gather 10-25 items into packages that people living in the budget suites or maybe have recently relocated to the Las Vegas could use. For example: I would get full set of dishes, DVD or VCR with 10 dvds, blender, toaster, and sell this for-like $129.00.