The Modern Day Treasure Hunt
For a variety of reasons, both individuals and businesses sometimes abandon storage, either due to neglect or intent, or perhaps changes in their financial situation. Storage facilities do not want to auction storage units. Facilities are not in the business of auctioning abandoned units. They are in the business of renting space. However, a storage auction may be necessary as the last resort to dispose of abandoned property. Storage Treasures seeks to provide an ideal model within the storage industry setting for ethical, professional, and fair practices when it comes to the last resortthe storage auction.
While storage auctions are regulated by state storage auction laws, compliance with such laws often produces undesirable results. Is a tenant likely to receive notice of their unit being auctioned when the auction is only published in obscure local newspapers? Is this tenant likely to receive anything close to a fair price for their unit when the auction is only attended by a small group of professional buyers?
The storage auction can be fraught with alarm. Storage Treasures will change that pattern by standardizing and improving industry auction procedures and educating and involving the public in these exciting unit auctions. When a facility is forced to hold an auction, the results can be dramatic. For some, it is nothing short of a treasure hunt, and the sky is the limit. Storage Treasures will take you inside the working world of the storage industry and help you navigate this unknown territory with full disclosure on how the industry functions.