Recently, I met some thrift store owners who stock their thrift store with items from purchased storage units. They attend storage auctions and pay for storage units of people who do not pay their storage bill. "It's a lot of fun, but a also a lot of headache" says Marvin, one of the owners. You may find some really good stuff, but also things that are just JUNK! He said that when you get these units, you are responsible for removing all of the contents in 24 hours. And if you don't comply with that, you could be put on a blacklist and not able to attend other auctions at that location. Oh, and you also may be responsible for a month's rent too. Getting the units cheap is exciting, but you also get quite a bit of junk. It's junk that you don't want to deal with, but it is your junk now! There are also people that are bidding against you that don't know when to stop bidding on a unit, and drive the price up. "You have to know when to walk away from the bidding, or you can definitely spend too much", says Marvin.
But Marvin and his wife Sherry have been doing this since 1994, and they love it! They started by buying 5 units at once and having to deal with it all. Sherry said that they recruited their family to help them move it to their home. They had soo much stuff, that it filled up their garage and driveway (all the way to the road). After several garage sales, the cops showed up and said that they would have to remove the remaining items. They told her that there is a rule about how many garage sales a residence is allowed to have every year. So the couple ended up renting a retail space to get rid of the rest of the it all. And the rest is history.
Marvin and Sherry have been doing this for 18 years and still enjoy it!
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