When it comes to making a profit from abandoned storage units, the answer is yes – but there are a few things you need to know first. Storage unit auctions are becoming increasingly popular, as people look for ways to make some extra money. However, before you start bidding on storage units, there are a few things you need to consider.
First and foremost, research is key. You need to find out as much as possible about the unit you’re interested in and the auction process itself. This includes understanding what kind of items are typically found in abandoned storage units, so you have an idea of what you might be bidding on. It’s also important to understand the value of these items, so you don’t overspend on something that isn’t worth very much.
Another thing to keep in mind is that most storage unit auctions require cash payment upfront. This means that you need to have the money available immediately if you win the bid. If you don’t have the cash on hand, you could end up losing your purchase or being charged hefty fees by the auction company.
Finally, be prepared for anything when it comes to opening up an abandoned storage unit. Often times, these units contain items that are dirty, broken or otherwise unusable. While there are definitely some treasures to be found, don’t expect every unit to be packed full of valuable items.
If you do your research and go into storage unit auctions with realistic expectations, then buying abandoned units can definitely be profitable. Just remember to bring enough cash and be prepared for anything!