Your Questions About Storage Auction Experts
George asks…
Do the Ebay items from Storage Auction work?
If you are one of the Ebay expert, pls. advice me.
I recently happen to be at the Public Storage Auction. I heard that people buy from them and sell on ebay. I was looking for some type of business. Does it worth to do it????? Any kind of advice or information WELCOME!!!!
richermo answers:
Hi ya S.J.
I started buying abandon storage units about 12 years ago. Back then I would simply take the stuff to flea markets and sell it all there. It was very easy and I made a lot of money.
Would it work on ebay? Simple answer, yes. Would it be worth it? Simple answer, yes and no.
Here is a list of things you would need to do, you decide if it’s worth it for you (to each is own).
1) Find the units and buy one.
2) Move the stuff and unload in your garage.
3) Sort the goodies from good, bad, and trash.
4) Plug in / Test / Check / and make sure things work.
5) Clean items. (ugh!)
6) Research values and check current prices.
7) Take your pictures, load them on a hosting site. 
Build your auctions, write the text, link the photos, and set shipping fees.
9) Sell the item, pay the ebay and paypal fees and chase down dead beat bidders.
10) Pack the item and ship it.
11) Then hope your customer is happy and all goes well.
12) Then repeat for item number 2
So yes, when you sell a lot and your items are worth at least 10′s of dollars, then sure it worth it and fun. But for small trinkets and small value items (you get a lot of junk in storage units) probably not.
Michael asks…
I think I’m Being Screwed by my Leasing Office?
Okay, so I have lived in my home here in Arizona for almost a year now. Fortunately, I will be moving back home to Texas at the end of this month. This weekend, a note was put on my front door. The note is intended for the owner of my home. It was notifying him that his home would be going up for auction as of November 09, 2009 at 12:00 p.m. In early July, the leasing office I go through told me that the home would be going up for loan re-modification. This morning, she told me that the loan must first go into default before this could be considered by the lender. The lender came and took pictures in July. It’s now October and the home is going up for auction. I’d assume perhaps the modificaiton didn’t go thorugh and the home is going through full fledge forclosure. My question is, if I’ve been paying rent and he has not paid the mortgage, what are they doing with my rent money? Why am I continuing to be made to pay rent in a home that is going up for auction? If I were not going back to Texas at the end of this month and intended to renew the lease, I am supposing that I would’ve been forced to move out due to forclosure. No one advised me of any of this. What should I do? Am I out of my element here? Am I looking at this wrong? I’m no expert here. But this happened to my mom and her husband and the constables put them out within 30 days. They had to stay in a hotel and put their stuff in storage until they got a new home. The house went up for auction and was forclosed. Thoughts?
richermo answers:
You should begin looking for alternate housing now and see if you can find an attorney who specializes in real estate and/or landlord/tenant law to talk to for free (it should be less than a 30 minute consultation). Many community groups, civic associations, & support groups know how to get good, free legal advice by using lawyers who volunteer for charity.
I am not familiar with AZ tenant law, but it is a fair assumption that you are guaranteed nothing but timely notice (which you now have) and the option to terminate your lease without penalty or fee as a result of your landlords default.
Your rent is in no way (legal) way connected to the mortgage payment for the property you are renting unless your rental contract actually says so (that would be rare). In many cases these days, desperate property owners are renting for significantly less than their mortgage payment in the hope that the market will turn around sooner rather than later.
In general, if a property goes to auction with a rental agreement in force the new property owner is required to honor that agreement until it expires. Automatic renewals should never be assumed. You will want to be sure you speak to the new owners directly about renewing; most consider rented and long term tenants a good thing…but a few may have other plans for the property.
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