Storage Auction Resources
Master the strategies, tools, and knowledge you need to find hidden gems and maximize your profits in storage auctions.
Storage Auction Sites
Here are the most common storage auction sites where you can find and bid on units.
Lien Laws
Access self-storage lien laws for every U.S. state — PDFs sourced from the Self Storage Association.
What NOT To Do At A Storage Auction
Avoid these common mistakes that can cost you money, your safety, or your bidding privileges.
Don't Skip the Gloves
Always wear heavy-duty work gloves when clearing a unit. You will likely encounter sharp objects, mold, pests, or even drug paraphernalia like needles.
Never Contact the Original Owner
Professional bidders and facilities generally prohibit or strongly discourage contacting previous tenants. You are typically required to return personal items (like photos or tax records) directly to the storage facility so they can handle the return.
Don't Do It Alone
Bringing a partner is recommended for safety and efficiency. Clearing a unit is a massive physical job that often must be completed within 24 to 48 hours. A second person helps with heavy lifting and acts as a lookout while you are inside the unit.
Don't Forget to Bring Cash
Most auctions require immediate payment in cash upon winning. You often won't have time to find an ATM after the hammer falls, and failing to pay can result in being banned from future auctions.
Don't Enter or Touch Items Before Winning
In-person auctions strictly forbid crossing the threshold or touching boxes before you own the unit. Breaking this rule can lead to immediate disqualification.
Frequently Asked Questions
Get quick answers to common questions about storage auctions.
What's the best way to find storage unit auctions?
Start with searching auctions in your local state, then expand to nearby states. Use TreasureFoxIQ to search and filter auctions by location, tenant net worth, and criminal records to identify the best opportunities.
How much should I bid on a unit?
Research comparable units in your area, estimate contents value, subtract holding costs, and subtract your target profit margin. Never bid above 50% of estimated contents value as a starting rule.
How do I know if a unit is worth bidding on?
Look for tenant indicators like estimated net worth, professional background, and location. Examine visible contents through the door, check facility condition, and assess auction demand before making your bid.
What costs should I expect?
Beyond the winning bid, expect to pay: facility deposit (typically $50-$500), facility fee (5-15% of bid), rental truck ($40-$100/day), labor ($50-$200 per unit), and storage space for inventory ($100-$500+/month).
How do I get started with no prior experience?
Start by attending a few auctions as a spectator to understand the process. Begin with small, conservative bids. Join online auction communities to learn from experienced hunters and mistakes.
What should I do after I win a unit?
Quickly sort contents into categories (trash, donations, resale). Use eBay, Facebook Marketplace, and Amazon to sell items. Keep detailed records of all expenses and income for tax purposes.