How to Build Your Future
Q&A for How to Buy Abandoned Storage Units
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QuestionWhy do I need a credit card?Community AnswerMost locations require you to use a credit card, but if you are concerned, call ahead and see if your auctioneers will accept debit.
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QuestionWhere can I find these units?Community AnswerThere 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.
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QuestionWhat if I don't resell items? Do I still have to file taxes?Community AnswerIf 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.
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QuestionCan I register for news on auctions in my area?Community AnswerMany 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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