• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Join Newsletter
  • Advertise
  • Contact Us
  • About Us
  • Vote Best of Business
  • Login

Flagstaff Business News

Northern Arizona’s premier source for business, education and health news.

VOTING IS NOW CLOSED
The deadline for voting was midnight on January 15, 2022

Best of Business 2022 – Flagstaff Business News

  • Business
  • Columnists
  • Community Profile
  • Local News
  • Tourism
  • Calendar
  • Spotlight
  • Digital Issues
You are here: Home / Columnists / Understanding Storage Auctions

Understanding Storage Auctions

March 2, 2022 By FBN Leave a Comment

You may be interested in buying an abandoned storage unit. Ask your facility when the next auction will be.

A storage auction is the operator’s last ditch effort to get the customer to pay his or her rent. Self-storage facilities are not in the business of selling people’s belongings. But when all efforts have failed, the lock is cut and an auction becomes the next necessary event. Don’t let this process happen to you.

Tips to Protect Your Belongings from Auction

  •  Make sure your contact information is current and correct at your storage facility.
  •  Contact your facility if your credit card is lost or stolen or if you move and change your address.
  •  Pay your rent on time; you can avoid auction fees of up to 30%.
  •  If the facility has an online account option, log in and make sure your rent is current.
  •  Make sure you reply to any lien notices.

o        After a month or two of delinquency, your storage facility may begin the lien auction process.

o        Reach out to the storage facility and tell them of your situation. Often the storage facility will work with you.

  •  Finally, if you have not seen a bill, read an email notice or had a charge in a few months, it’s your responsibility to pay the rent. Give your storage place a call. Ninety days is about all the time you will have.
  •  If the facility does not recover the entire back rent at the auction, your credit may be damaged, as some facilities hire collection agencies to help in recovery.

Bidding at Auctions

You may be interested in buying an abandoned storage unit. Ask your facility when the next auction will be. Some facilities post online or at the location when the auction is to take place. Today, facilities have both live and internet auctions. Some use an internet auction site like www.storagetreasures.com Sometimes you can find great treasures at a storage auction. FBN

By Tom Boggess

Tom Boggess is the owner and operator of Flagstaff Storage and Woody Mountain Campground. He has been in the business for more than 25 years.

Filed Under: Columnists Tagged With: Flagstaff Storage, Flagstaff Storage and Woody Mountain Campground, Tom Boggess, Woody Mountain Campground

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Join Newsletter

Categories

  • Business
  • Business Calendar
  • Columnists
  • Community Profile
  • Elections
  • FBN Spotlight
  • Local News
  • On the Grid – Podcast
  • Sedona
  • Tourism
  • Video Spotlight
  • Williams
  • Winslow

Footer

Advertisement

Get FBN Email

COPYRIGHT © 2023 | FLAGSTAFF BUSINESS NEWS