Whether you are thinking about buying a storage unit, or worried that your unit might be sold off if you’re behind on rent – this is the episode for you. Join our Flexpert as she breaks down when, how, and why storage units can be sold to someone other than the renter.
Hi guys, welcome to Flex TV. My name is Hope and I will be answering all of your storage-related questions. Today’s question comes to us from Harold, and what Harold wants to know is how do storage units get sold? Now this is interesting for a lot of people who hear about the possibility of buying storage units. You can get really low-cost stuff that could be very valuable by buying a storage unit. So Harold, if you’re interested in buying a storage unit, here are a few things that you need to know. Number one, storage units can only be sold after they have been abandoned by their owner or there has been some kind of breach of contract where the person renting the storage unit hasn’t paid for a long time. Now this depends on the contract that you have but usually around a 90-day period before the facility actually owns the content of the unit and is allowed to sell it out. The second thing is usually storage units are going to be sold in auction form. There are all types of different auctions. To find them, you could just look online, go to Google, right? Storage unit auctions near me, there’s gonna be a lot of possibilities. Some are gonna be blind auctions, which means you’re not going to actually see what you’re bidding on until you buy it and open the unit. And some are gonna be open, so you could just get secondhand stuff that you think might be worth your time and money. So definitely check it out. Harold, if you’re going to buy stuff from a storage unit, go online, search, the information is definitely all there, and have the best of luck.