Storage units are a wonderful place to store the things that clutter up your home, extra things for which you have no immediate need, seasonal wardrobes and seasonal sports equipment like baseball bats or skis. For a reasonable monthly fee, you can rent a storage unit near Pearson Airport will keep your things safe and protected. However, should payments on the unit become delinquent, the rental contract says that the storage facility can auction off the items in those units.
Prior to a Storage Unit Auction
Most companies will make several attempts to collect their rental fees before moving forward with a storage unit auction. These contacts will be by phone, text, email, and registered mail. There are many things that could cause a storage unit renter to become delinquent, even something as simple as forgetting to pay the monthly rent. Pearson Airport and other Vancouver storage facilities strive to make every effort to locate a renter before placing a lien against his or her things.
Generally after 30 days, most storage companies can get a lien and schedule an auction. Once the property is auctioned off, the contents of the entire storage unit belong to the highest bidder at the auction, with the delinquent renter of the unit having no further legal rights to the property.
Before the auction begins, the bidders are generally allowed to look into the storage unit from the entrance of the unit. Prospective bidders are advised of the rules of the auction, and after each prospective bidder has had a glimpse of the unit’s contents, the auction begins. Bidders can only bid on the entire contents of a storage unit.
The Auction and After the Auction
Once bidding in the auction is completed for a storage unit, the bid winner has little time to pay. Either payments required right after the bidding closes, or by a certain time the next day. Payments are most often requested to be in cash; although, some companies will accept checks from bidders they know. Some states require that the storage facility charge sales tax on the total of the bid. As soon as payment is made, the winning bidder has a short amount of time to clear the contents out of the unit.
Dispelling Storage Auction Myths
Due to the popular show about storage auctions on the A&E channel, many myths have arisen about storage auctions:
- Every unit contains valuable stuff. The reality is that some units do contain things that bring far more money than what the high bidder pays for the items in the unit. But there are many more units that are simply filled with junk that the high bidder is stuck trying to unload. Many times savvy storage auction bidders can tell by looking which they will find.
- Managers at the storage facility take the best stuff out of the unit. There are very few managers who do this, and they certainly do not work for Pearson Airport or any of our other Vancouver facilities.
- Bidders must be present in order to bid. With today’s technology, many storage facility auctions are held online. This gives prospective bidders a chance to look into a unit via the photographs provided, and search the web for the value of items they see.
- Everything in the unit belongs to the highest bidder. Technically everything does belong to the highest bidder, but most storage facilities ask that memorabilia be left with the manager in case the delinquent tenant wants it back.
At Pearson Airport, we have great renters and few auctions. We have outstanding customer service and fair rental pricing and agreements.
Vancouver, WA 98661