Sold! Make a Good Living Buying Storage Auctions

By Ray Margarit

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• Language: English
• Publisher: Xlibris US
• Release date: Sep 8, 2022
• ISBN: 9781669846260

Ray Margarit

Ray Margarit, a storage unit auction professional, has learned the ins and outs of in-person and online bidding thanks to the online website StorageTreasures.com, and he's ready to share his stories with you. In these pages, he discusses the storage auction buying, the big scores and the sad busts he's experienced, and the resources you need to make storage auctions profitable. Through his experiences, you'll understand how auctions work and what magical treasures there are to discover when the storage doors are lifted or when you the pictures online.

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Copyright © 2022 by Ray Margarit.

All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the copyright owner.

Any people depicted in stock imagery provided by Getty Images are models, and such images are being used for illustrative purposes only.

Certain stock imagery © Getty Images.

Rev. date: 09/15/2022

Xlibris

844-714-8691

www.Xlibris.com

844805

CONTENTS

Intro

Chapter 1 First Flight Stamp Covers

Chapter 2 The Hobby Shop

Chapter 3 Musical Instruments

Chapter 4 Disney/Adult Entertainment

Chapter 5 Die cast cars #1

Chapter 6 Nancy Reagan’s White House China

Chapter 7 Action Figures

Chapter 8 California Antiques

Chapter 9 Vintage Mercedes

Chapter 10 Pieces of Eight

Chapter 11 Die-cast Cars #2

Chapter 12 Cash

Chapter 13 T-shirts & Motorcycles

Chapter 14 The One That Got Away

Chapter 15 Kid’s Playgrounds

Chapter 16 The Underwater Car

Chapter 17 Sailboats

Chapter 18 Car Additives

Chapter 19 Big Loss

Chapter 20 Women’s Shoes

Chapter 21 Pet Supplies

Chapter 22 Bottles Everywhere

Chapter 23 Rockapella

Chapter 24 Body Armor Protection

Intro

In 2004, I owned a thriving computer store in Tampa, Florida, called Microstar Computers. The company started in a garage and within five years expanded to five stores and recognized in Computer Trader Magazine.

On the way back from a Hawaiian vacation that year, my family and I were driving down the road when I noticed a sign at a storage facility. The sign read: STORAGE AUCTION THIS WEDNESDAY 10 A.M. Seizing the moment, I went to the auction. There were only a handful of people there and only four units were up for auction.

I won the auction for one unit—pretty much all junk—which contained a nice wooden armoire. The tenant was named Josh, and even after purchasing 500+ units in the intervening eighteen years, I still have Josh’s armoire in my room.

Over the years, I’ve taken part in hundreds of auctions like this one. There have been some bad purchases and I’ve had my fair share of losses. But there have been some truly pleasant surprises as well. Contained in this book are just some of the memorable units I have bought over the years. The stories are my true experiences; they are neither exaggerated nor embellished.

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Storage units are normally auctioned off when a tenant is about three months late on their rent payment. If you buy a unit, you usually have about forty-eight hours to remove its contents.

Some units are called Manager specials, in which the tenant leaves items in their storage unit after moving out. The facility manager will gather all these items and place them in an auction unit and declare the unit as Non-lien Manager Special.

You don’t get too many surprises with manager specials, because the facility already inspected most of the contents. But every