Q&A for How to Buy Abandoned Storage Units

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  • Question
    Why do I need a credit card?
    Community Answer
    Most locations require you to use a credit card, but if you are concerned, call ahead and see if your auctioneers will accept debit.
  • Question
    Where can I find these units?
    Community Answer
    There are numerous websites dedicated specifically to storage unit auctions, and you can search them online and read reviews. You can also search for local storage unit locations and ask if they have any auctions coming up.
  • Question
    What if I don't resell items? Do I still have to file taxes?
    Community Answer
    If you do not make any money in the endeavour, you will not have to pay any income tax. You may still need to pay a sales tax on the auction itself, depending on your jurisdiction.
  • Question
    Can I register for news on auctions in my area?
    Community Answer
    Many auction sites and storage unit services have mailing lists, and can update you on the latest auctions. Look for local auction sites and ask if your local storage unit renters hold auctions, and sign up for their mailing list or get alerts when a new auction is announced.
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