Ever wonder what happens if you don’t pay your self-storage bill? If you’re a fan of the A&E reality show Storage Wars, then your answer is probably no. You don’t need to wonder because the whole premise of that show is what happens if a self-storage renter does not pony up the dough to keep their space.
How the Auction Works
When a person misses too many self-storage payments, the self-storage company can put a lien on the contents of their unit and auction everything off to make up the money they are owed. The auction is announced and bidders show up to, you guessed it, bid on the contents of the storage unit. There is a small catch, however; bidders can only look at the contents from the entrance to the storage unit. Treasure hunts are not allowed. If the bidder wins, they get everything and hope that they got a good deal. This auction process is not new; it has been going on in the self-storage industry for quite a while, but Storage Wars has had an interesting effect on the whole auction process.
Life Imitating Art
The usual saying is that art imitates life, but in this case, it’s reversed. I realize referring to a reality T.V. show as “art” is a long shot, but let’s just go with it. After Storage Wars aired, there has been a significant boost in the self-storage auction business, according to ExtraSpace.com. Auctioneers occasionally had to head straight home after driving out to a storage auction because no one would show up. But now, storage auctions are getting as much as 200 bidders participating in real life storage wars, who, like in the T.V. show, hope to find something great.
Looking for a Self-Storage Unit of Your Own?
If you are looking for an easily accessible and easily affordable self-storage unit in Southern California, look no further than STORBOX self-storage in Pasadena. We have a wide range of storage unit sizes available to suit your particular needs, as well as convenient hours of access so you never have to worry about whether you can get into your unit or not. To find out more, contact our friendly staff at (626) 793-9888.