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WHY DO PEOPLE BID ON STORAGE AUCTIONS IN WESTERN AUSTRALIA

November 09, 2017
 

Each year, thousands of Self Storage units are abandoned. When a renter stops paying the lease, the facility is authorised to auction off the contents to recoup the delinquent fees and other costs. Storage auctions in Western Australia are held on a regular basis online through iBidOnStorage. The winning bidder is generally required to clean out the storage unit within 72 hours. This enables the management team to rent the unit out again as quickly as possible. These auctions have grown in popularity because of shows like the reality television series` Storage Wars and Auction Hunters. Enterprising people and businesses can take advantage of storage auctions in Western Australia to earn a profit.

Profiting from hidden treasures 

People store a wide assortment of items. These include furniture, clothing, electronics, and recreational equipment. Most of the items will vary greatly in condition and value. Although most of the items may have limited to no value, it’s possible to discover a treasure hidden inside the boxes and clutter. Storage auctions in Western Australia can be a great way to locate valuable antiques. These items can then be resold online, at a flea market or through a consignment shop. Highly valuable items have been discovered through this process, including rare books, record collections, and historic memorabilia. 

Auction process 

You can see the current storage auctions in Western Australia online through iBidOnStorage. Before an auction, you can view images of the contents inside the unit, but you`re unable to visit the unit yourself. The risk is that you won’t know exactly what’s contained inside and whether you’re paying too much. Your ability to evaluate the contents of the unit at a glance and know where to sell the items at a profit will improve with experience.

Running your own business

There are a growing number of storage facilities in Australia. As a result, you`ll have numerous opportunities to bid at auctions and make money from the contents you acquire. The cost of a winning bid is low enough in many cases that almost anyone can try storage auctions in Australia. There`s also the potential to earn a significant profit on a small initial investment. With the right strategy based on research and a sound plan, you can start and operate your own successful, full-time small business. Visit our FAQs or contact us to learn more about our storage auctions.

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