Recently, some of our new members were embarrassed to ask what they thought were some really dumb questions like “can anyone attend storage unit auctions?” or “do I have to pay an entry fee” or “do I need a special license to buy a storage unit?” Since everyone who uses this blog is at a different level in the learning process, I want everyone to feel comfortable to ask anything you like, no matter how basic you think it is. Remember, the only stupid question is the one you don’t ask.
Basically, anyone can attend a storage unit auction. Children under 16 years of age are discouraged by some auctioneers and facilities due to the liability; although, this is rarely enforced. There are no special licenses needed. Every now and then, you may need to show valid state identification, although this is rare as well. If you are planning on reselling the items that you purchase and you have a sales tax use permit, by all means bring it. If you don’t have one, you can apply for one on the Comptroller’s website or you will need to pay sales tax on any storage units that you buy.
There are no upfront fees charged to attend an auction. All you need to do is arrive before the sale begins and sign in on the sheet located in the facility manager’s office. Some facilities & auctioneers may require you to sign an acknowledgement of the rules and a waiver of liability. We were all beginners in the storage auction business at one point. Most of the facility managers, auctioneers & the other buyers at the event will be happy to answer any questions you may have, so don’t be afraid to ask.