Auctions 2013, we work hard to make them small.

Auction Day!!!!  Another chance to sell other peoples stuff to pay for debts owed.  That sounds kind of cold doesn’t it? The cold hard fact is, that is exactly what it is.  If you do not keep up you monthly payments a self-storage company can sell your stuff, but that is not the end you want.  If cash gets tight and you get behind the first thing you need to do is contact the manager and find a way to get caught up. Remember a working payment plan will keep you out of an auction only if you keep working it.

So where do you start when you need to save your stuff from auction?  The first and most important step is to choose your Self Storage Facility well.  You may feel more secure with a big name nationally known company, but the bureaucracy that comes with the big company can often keep the managers from being able to work with you.  Owner manager facilities mean that when you talk to the manager you are talking to the decision maker. Smaller companies tend to trust their managers more and you get to deal with decision makes again.

What can you do if you get into trouble? Payment plans is always a great way to get back on track.  A pay and move is a technique that is as close to a cut and run as you can get.  The moment that the manager says auction status, you offer 50% to 60 % of what you owe and you get yourself out a.s.a.p. That storage company gets more money than an auction would bring and their unit back that they can rent again. When all else fails a letter of abandonment is a polite way to walk away.  When you just walk away because the amount owed is too much not only do you lose your stuff but you make the storage company go through the auction procedure. Please remember it was not the managers’ fault that you got behind, so don’t take it out on them. The letter of abandonment will allow the manager to do with the space as they see fit. They can throw it into the next auction or throw it in the trash; it does not matter because you have given them the permission to do it.

Remember the managers are just people trying to follow the laws and make the owners happy. By treating them nice you can make life easier on yourself.

If all else fails and auction happens make sure that the storage company has your updated contact information.  Many times auction buyers will leave photos and important documents behind and without good contact information you won’t know if any is left. Another thought is that on the rare occasion your unit sells for more than you owe that money goes to you, but only if they can find you.

As for our auction day it went off without a hitch both units at my facility were paid off the night before so I ended up with nothing to sell. Linda started with four or five units and ended up only selling two. Not a bad day for auctions .