Top 10 Things to Know

You love all the storage auction reality shows & watch even the reruns religiously. Well now it's time to get out to the auctions! But first we'll help you master the storage auction basics. 

1. What to Bring ~ The necessities are a valid id, money, a flashlight, and padlocks. The sky's the limit from there. A hat & sunscreen are a must for me. And water & snacks. If you plan to bid you'll want tools to #1 inventory your unit (like gloves & a box cutter) #2 empty your unit (a vehicle, someone to help, ropes etc) and #3 to clean your unit (garbage bags & a broom). You'll need to empty the contents to get your cleaning deposit back, but a quick sweep will go a long way with the facility manager.

2. Resale Licenses ~ Facilities are required to collect sales tax on units sold at auction but lucky for you, many facilities don't know this. Be sure to find out whether it's collected so you can adjust your bid. And you still have options even if the facility collects tax. With a resale license (issued by your state) you don't pay sales tax when you win units, only when you resell the stuff inside.

Click here to get the rest of my Top 10 list

What to bring on auction day

Then come back for advice straight from the Pros. Just click their links below...

 Storage Hero Rebecca Fox Storage Hero Rebecca Fox ~ It's been five minutes since I read this article and I still have a smile on my face. It defies description. I won't even try. Just click here to read it.
 The Redneck Picker The Redneck Picker ~ What happens when a father holds a garage sale and his #1 priority is getting rid of his daughter's deadbeat ex-boyfriend's crap? You solve the father's problem and make a sweet profit.
 Auctioneer Tom Litton Auctioneer Tom Litton ~ The door rolls open. You want this one. Badly. The auctioneer announces it's being sold on "contingency." Find out what that means, whether you still want the unit, and what to do if you win it.
 Phill Backstrom Phill Backstrom ~ Did you know a scammer can hijack your eBay account? Phill shares 23 tips to avoid eBay scams. Learn what to do, what not to do, and what to beware of.
 Quart Paper Shredder Quart "Paper Shredder" ~ Here's something goofy for all the dog lovers out there. This week Quart shares his strategy for ace-ing his competitors. Disclaimer: we do not recommend following his advice.

Remember, knowledge unlocks profits. But you also have to act. Get out to those auctions!

P.S. Thank you for reading each week!