Just try and tell me these places dont snoop first
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  1. #1
    us
    Aug 2019
    Michigan
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    Just try and tell me these places don't snoop first

    So I went to a online site that lists storage unit auctions near me.

    Some of the auctions have 8 photos. Most are from the same storage unit place. Just try and tell me the people who own this place isn't going though everything first to find valuables.

    It's hilarious how storage wars act like they are popping the lock for the first time
    Last edited by DetectorRob; Sep 01, 2019 at 12:26 AM.
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  2. #2
    us
    Sep 2015
    Washington
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    Exactly. Thatís one of the reasons I donít want to do auctions. Anything of value not hidden in a box will be grabbed and placed in the owners unit.
    A2coins likes this.

  3. #3
    us
    Aug 2019
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    So it's not just me thinking that? Good
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  4. #4
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    I former co-worker used to own a facility with his father and brother. He said that they would take what they wanted before the auctions, but they also never made any claims that they didn't.
    A2coins likes this.

  5. #5
    RTR
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  6. #6
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    Tommy

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    They would be dumb not to
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  7. #7

    Jul 2006
    Jamestown, NY
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    I've been a professional storage buyer for nearly 7 years, purchased roughly 1000 units (both online and at live auctions). VERY few facilities tamper with the contents of a unit before it goes up for public sale. Not to say that it doesn't happen, but it is rare... especially at the big corporate chains (Life, CubeSmart, Public). The reason is pretty simple actually... the original tenant has the legal right to settle their debt right until the moment the unit is sold... and actually even after (many facilities allow the tenant to pay and reclaim their unit even after it is sold, if the winning bidder has not yet paid in the office). If the facility owner were to plunder the contents before the auction, and the tenant were to pay up at the last minute (which I have seen happen MANY times), the facility could face severe legal issues. Some tenants actually keep insurance policies and file an itemized list and photos of the contents with the insurance company. The storage business is a numbers game... owner's make their money from rent, not from a few bucks here and there from junk they can sell out of units. It is not worth risking their entire business (10's of thousands of dollars for small facilities to possibly millions for the big chains) just to make a few hundred. Plus, these owners likely don't want to to the leg work to sell the items... they are property owner/managers, not resellers. It's hard to understand this, as we have a treasure hunter mentality, but most people don't want to dig through other people's "junk", even if given the chance.

    Now, there are a few scenarios that may look like the owners illegally searched the unit, but didn't. 1.) The original tenant knew they were going to default, and took what they wanted 1st, not wanting to deal with the disposal of the unwanted items. This happens a LOT with estate units, where the family doesn't want to deal with the bulk of items, but knows to take "grandma's jewelry" 2.) Some tenants will sign their unit over to the facility in lieu of their back rent... in this case, the facility need not follow lien law, as the unit is now the property of the facility. 3.) If a lien unit is a "no sale", it also becomes the property of the facility. In both cases, the facility can legally do whatever they want with the contents. They may put these units up at auction with actual lien units. Now, I personally feel they should indicate to buyers if a unit is a true lien unit or one of these "manager's specials", but they are not legally required to do so.

    Certainly, there are some facilities that play fast and loose with the law, and roll the dice, but I'd say that it's less than 5% in my experience.

  8. #8
    us
    nomad roman numeral 2

    Nov 2009
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    would you not do the same thing ? if you had the opportunity ?

  9. #9

    Jul 2006
    Jamestown, NY
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    Quote Originally Posted by nomad 11 View Post
    would you not do the same thing ? if you had the opportunity ?
    If I was in the storage unit rental business I would absolutely not do it. I would not risk a lawsuit and my livelihood

  10. #10
    us
    May 2006
    The Beautiful Berkshires in Western Mass.
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    Quote Originally Posted by desecrator View Post
    I've been a professional storage buyer for nearly 7 years, purchased roughly 1000 units (both online and at live auctions). VERY few facilities tamper with the contents of a unit before it goes up for public sale. Not to say that it doesn't happen, but it is rare... especially at the big corporate chains (Life, CubeSmart, Public). The reason is pretty simple actually... the original tenant has the legal right to settle their debt right until the moment the unit is sold... and actually even after (many facilities allow the tenant to pay and reclaim their unit even after it is sold, if the winning bidder has not yet paid in the office). If the facility owner were to plunder the contents before the auction, and the tenant were to pay up at the last minute (which I have seen happen MANY times), the facility could face severe legal issues. Some tenants actually keep insurance policies and file an itemized list and photos of the contents with the insurance company. The storage business is a numbers game... owner's make their money from rent, not from a few bucks here and there from junk they can sell out of units. It is not worth risking their entire business (10's of thousands of dollars for small facilities to possibly millions for the big chains) just to make a few hundred. Plus, these owners likely don't want to to the leg work to sell the items... they are property owner/managers, not resellers. It's hard to understand this, as we have a treasure hunter mentality, but most people don't want to dig through other people's "junk", even if given the chance.

    Now, there are a few scenarios that may look like the owners illegally searched the unit, but didn't. 1.) The original tenant knew they were going to default, and took what they wanted 1st, not wanting to deal with the disposal of the unwanted items. This happens a LOT with estate units, where the family doesn't want to deal with the bulk of items, but knows to take "grandma's jewelry" 2.) Some tenants will sign their unit over to the facility in lieu of their back rent... in this case, the facility need not follow lien law, as the unit is now the property of the facility. 3.) If a lien unit is a "no sale", it also becomes the property of the facility. In both cases, the facility can legally do whatever they want with the contents. They may put these units up at auction with actual lien units. Now, I personally feel they should indicate to buyers if a unit is a true lien unit or one of these "manager's specials", but they are not legally required to do so.

    Certainly, there are some facilities that play fast and loose with the law, and roll the dice, but I'd say that it's less than 5% in my experience.
    Extremely well written and educational post and I certainly appreciated the insight, right on!

    HH all!

    Greg
    flashyace and T.C. like this.

  11. #11
    us
    Sep 2015
    Washington
    520
    406 times
    All Types Of Treasure Hunting
    Quote Originally Posted by desecrator View Post
    I've been a professional storage buyer for nearly 7 years, purchased roughly 1000 units (both online and at live auctions). VERY few facilities tamper with the contents of a unit before it goes up for public sale. Not to say that it doesn't happen, but it is rare... especially at the big corporate chains (Life, CubeSmart, Public). The reason is pretty simple actually... the original tenant has the legal right to settle their debt right until the moment the unit is sold... and actually even after (many facilities allow the tenant to pay and reclaim their unit even after it is sold, if the winning bidder has not yet paid in the office). If the facility owner were to plunder the contents before the auction, and the tenant were to pay up at the last minute (which I have seen happen MANY times), the facility could face severe legal issues. Some tenants actually keep insurance policies and file an itemized list and photos of the contents with the insurance company. The storage business is a numbers game... owner's make their money from rent, not from a few bucks here and there from junk they can sell out of units. It is not worth risking their entire business (10's of thousands of dollars for small facilities to possibly millions for the big chains) just to make a few hundred. Plus, these owners likely don't want to to the leg work to sell the items... they are property owner/managers, not resellers. It's hard to understand this, as we have a treasure hunter mentality, but most people don't want to dig through other people's "junk", even if given the chance.

    Now, there are a few scenarios that may look like the owners illegally searched the unit, but didn't. 1.) The original tenant knew they were going to default, and took what they wanted 1st, not wanting to deal with the disposal of the unwanted items. This happens a LOT with estate units, where the family doesn't want to deal with the bulk of items, but knows to take "grandma's jewelry" 2.) Some tenants will sign their unit over to the facility in lieu of their back rent... in this case, the facility need not follow lien law, as the unit is now the property of the facility. 3.) If a lien unit is a "no sale", it also becomes the property of the facility. In both cases, the facility can legally do whatever they want with the contents. They may put these units up at auction with actual lien units. Now, I personally feel they should indicate to buyers if a unit is a true lien unit or one of these "manager's specials", but they are not legally required to do so.

    Certainly, there are some facilities that play fast and loose with the law, and roll the dice, but I'd say that it's less than 5% in my experience.


    Very educational and well written. Makes sense about the legal side.

  12. #12
    us
    URBAN DISCOVERY !

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    Snooping

    Quote Originally Posted by desecrator View Post
    I've been a professional storage buyer for nearly 7 years, purchased roughly 1000 units (both online and at live auctions). VERY few facilities tamper with the contents of a unit before it goes up for public sale. Not to say that it doesn't happen, but it is rare... especially at the big corporate chains (Life, CubeSmart, Public). The reason is pretty simple actually... the original tenant has the legal right to settle their debt right until the moment the unit is sold... and actually even after (many facilities allow the tenant to pay and reclaim their unit even after it is sold, if the winning bidder has not yet paid in the office). If the facility owner were to plunder the contents before the auction, and the tenant were to pay up at the last minute (which I have seen happen MANY times), the facility could face severe legal issues. Some tenants actually keep insurance policies and file an itemized list and photos of the contents with the insurance company. The storage business is a numbers game... owner's make their money from rent, not from a few bucks here and there from junk they can sell out of units. It is not worth risking their entire business (10's of thousands of dollars for small facilities to possibly millions for the big chains) just to make a few hundred. Plus, these owners likely don't want to to the leg work to sell the items... they are property owner/managers, not resellers. It's hard to understand this, as we have a treasure hunter mentality, but most people don't want to dig through other people's "junk", even if given the chance.

    Now, there are a few scenarios that may look like the owners illegally searched the unit, but didn't. 1.) The original tenant knew they were going to default, and took what they wanted 1st, not wanting to deal with the disposal of the unwanted items. This happens a LOT with estate units, where the family doesn't want to deal with the bulk of items, but knows to take "grandma's jewelry" 2.) Some tenants will sign their unit over to the facility in lieu of their back rent... in this case, the facility need not follow lien law, as the unit is now the property of the facility. 3.) If a lien unit is a "no sale", it also becomes the property of the facility. In both cases, the facility can legally do whatever they want with the contents. They may put these units up at auction with actual lien units. Now, I personally feel they should indicate to buyers if a unit is a true lien unit or one of these "manager's specials", but they are not legally required to do so.

    Certainly, there are some facilities that play fast and loose with the law, and roll the dice, but I'd say that it's less than 5% in my experience.

    I have bought and gone through many units as well over the years and this is in fact the case... legal liability would be huge... even if the facility that pilfered got nothing, the legal tenant could claim otherwise...
    the only acceptance to this might be, is when the facility has attempted in good faith to contact the tenants and they have been unable to for the two months required by law,.... they can be pretty sure no one is going to show up to claim anything... but that seems like a hassle as there are so many units to deal with... I can't see it so much..... more likely units are "staged" and resold so that a dealer can make money....
    I fill a unit up with garbage and get the manager to add my unit to the auction list... when its sold I split the money with the manager.. and you the buyer get a unit full of empty boxes.. hahaha This has happened before and the auctioneer and facility was sued... the buyer found out the auctioneer was the one who staged the unit and the facility went along ... I don't know the outcome but its possible the auctioneer lost her licence... anyway... Also people have been known to fill a unit, then default and let it go to auction, and if it sells high enough, the facility gets what they are owed and the renter gets the rest. Legal truth, when a unit is auctioned, the facility can only keep money that's owed, if the unit sells for more than what is owed that money goes back to the original renter, This is true...
    releventchair likes this.
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  13. #13
    us
    May 2020
    La Verne, Calif
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    desecrator is completely correct... HOWEVER, Storage Wars is scripted and salted. My Family owns a Moving and storage Business where they filmed an episode. Saw first hand...
    releventchair likes this.

  14. #14
    us
    TunaTonker

    Nov 2016
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    Here in Minnesota, if the storage facility auctions your goods, and the amount they receive from your goods exceeds what you owe them, they are required to refund you the balance. In pertinent part:

    Subd. 6.Surplus. A storage facility may satisfy its lien from the proceeds of any sale pursuant to this section, provided that the storage facility must hold any sum obtained from the sale that exceeds the amount sufficient to satisfy the lien and the reasonable expenses incurred complying with this section for delivery on demand to the occupant and give notice to the occupant of the occupant's right to the funds as provided in section 514.974.
    releventchair likes this.
    Resident De-Bunker. I'm blunt because I don't have time to indulge your fantasies. Treasure is found down here on Earth, not on Google Earth.

  15. #15
    us
    Dec 2013
    Central Oregon
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    Prospecting
    Big chain storage units, no. But the mom and pop one's do, seen it first hand as I have bought units in the past. There are laws that they have to post notice of auction also, those aren't followed by some either. Some also will not auction off if the price does not reach there predetermined amount. Lot's of shady stuff, quit going to those that pulled sly stuff.
    kingskid1611 likes this.

 

 
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