Oh Yea...

Something I totally skipped on and it is important.  The sign company came back the third time and finished the sign installation.

 

I had planned on making a lot of hoopla about this, but as in life things happened. 

Now some of you may say “yes it is a nice sign, but is it really necessary to have such a big flashy sign as this for a mini storage”.  I would say yes!  The bigger and flashier the sign the better it is for the mini storage.  As it sits now the sign wasn’t up for two hours and someone came in the office, said hey I was driving by and saw your sign, and then they rented a space. The sign doesn’t even have power yet.  That is just plain cool.

 

Time For Another Auction

For the last two months we have been working on another auction.  Between the two stores we had a good dozen units going into auction status.  16 days ago when we sent the ad into the paper we only had 6 left.  That is not bad. Six units that paid up, or paid and moved. Paid and Moved is when a customer Knows they are never going to pay off their bill, so they offer 51% and get their stuff off the property.  The average that I try to achieve is 33 cents on the dollar so if I can get a bad unit emptied and still make 50 cents on the dollar I call that good. 

All good things do have to come to an end .  When we reach the cut lock day if the customer has not taken care of their debt then it goes to all or nothing. We had 6 units that had reached that point. 
One week out Linda got one of her units to pay up. That’s nice 5 units a good number for an auction. Then another unit pays up and I start thinking if Linda keeps this up we may lose this auction….. Let’s think about this…..  Linda gets people to pay up at full price, which is better than a pay and move and a lot better than 33 cents on the dollar at auction.

So we ride for a while with four units, not a great number for an auction, but livable.  Then it happened, the two units that were going to auction at my property both were paid off the night before the auction.  $1000.00 in the bank and we don’t have to take the risk of going to auction.  I could really get use to this.  But… this leaves only two units left.

Tuesday morning I get up and go have breakfast with the men’s group at church. When I get back home the phone starts to ring. People want to know what is left for today.  Two units we tell them, and then the call happens.  One more unit is coming in to pay up.  With 50 minutes to go one of our tenants comes in under the wire. We are down to one. At this point I am rooting for our last tenant to magically appear and pay off… it did not happen.

10:00 comes and we have 6 bidders and one unit. Oh yes!  the whistler came back and actually behaved himself.  It looked like this from my point of view.

 

And it looked like this from their point of view.

 

The end story is that the one and only unit that went up for sale today brought in $190.00 and the whistler did not stay in the bid for very long.

 

In one way it was a very lonely bid sheet. On the other hand we made bank through this auction process and the on unit  went for 55 cents on the dollar. Not bad all the way around.

Here is Job Security

I have had a fairly quiet day Tuesday.  There was enough free time that I got the commission report done early and straightened the office a bit.  Around 3:00 in the afternoon I went out to dump the trash at the Car Wash and found this.

 The walls were totaled as bad as the floors

 

It appears that some guys who have been working on the roads used the car wash to clean up.  Bay one was filled with tools and gloves, bay two had uniforms and boots, and I am not sure what was in bay three but it too was filled with road tar and gravel.  Now I do not blame these guys for making such a mess, in fact I want them to come back.  Providing a place to get things clean is what we do.  Not to mention they were out in the bays for 30 to 45 minutes.  Constant use of our bays for that much time means they spent some good money with us.  (after pulling in the cash on Wednesday, bay 1 & 2 totaled more than $50  in quarterdcombined)

The sad fact what took them 45 minutes to use took me 2 ½ hours to clean up.  I wish there was a way to do that kind of cleaning without leaving that kind of cleanup. 

 

Now a fact I knew was reinforced ,  within two minutes of getting the last bay clean a truck pulls in a uses the car wash.  The fact is a clean car wash is what people want  and the cleaner we keep it the more they will use it.