Self Storage Auctions
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How It Works
You’ve likely seen or heard of reality shows like "Storage Wars" and been curious as to what it is. After all, "Storage Wars" is about storage auctions at its core.
A storage auction is the only way that a self-storage facility can legally clear a unit in order to be able to rent it out again.
When a storage unit remains unpaid for a period of time and multiple contact attempts have failed, facilities begin the process of placing a lien on a unit.
Easy Stop Storage follows a very strict process dictated by state law that includes registered mail and public postings. A tenant can keep their unit by catching up at any time before the "fall of the gavel."
- Who can purchase a unit at auction?
Anyone over the age of 18 can buy a unit at one of our auctions.
While many of our attendees are professionals who resale the items they buy, we have many first-timers who show up at each auction.
There are no special terms or licenses necessary to bid on a unit.
- Why can't I enter the auctioned unit?
The auctioneer allows all of the bidders time to examine the unit being sold for a few minutes before the auction begins.
Bidders have to view the unit from the outside in order to expedite the auction process and prevent the removal of items before it is auctioned.
- What should I bring to a storage auction?
If you are looking at attending your first auction, there are a few things you might bring.
First, a small flashlight will certainly help you see back into the dark back corners of a unit to check for valuable items.
Second, a good pair of gloves will be welcome when you start sifting through the unit you just won.
Don’t forget to bring cash! You never know what may spark your interest, and you don’t want to go home wishing you had bid on that valuable unit.
- How often are auctions held?
We have auctions as often as necessary.
The legal process can take up to 60 days, and tenants can pay off their units at any time up until the auction is complete.
The number of units in the auction can vary drastically as well.
We usually have 6-8 units in an auction but have had in excess of 20 units many times.
- What forms of payment are accepted at a storage auction?
Most storage facilities choose to auction on a “cash only” basis, although this may differ from facility to facility.
It’s a good idea to call ahead to confirm the payment types accepted.
Cash is always accepted and you can never go wrong by coming prepared with this payment method.