Storage Wars Vs. Auction Hunters Review – Storage Auction Expert Weighs In On Surprising New TV Hits
Santa Fe Springs, CA 12/01/10 - A storage auctions expert has reviewed the new TV shows “Storage Wars” and “Auction Hunters” and says that, although there are some great and exciting things to be found in storage unit auctions, these shows can easily give people false hope.
“Not all storage units contain valuable guns, slot machines, bicycles and Coke machines like you see in Auction Hunters,” says Dave Espino, an eBay expert who teaches people how to make money with storage auctions and eBay. “My first storage unit purchase was 10’ by 30’ unit where a $700 investment turned into $4,400 – mostly by selling fairly common items on eBay and craigslist. That’s what got me hooked on storage auctions.”
A storage auction occurs when a renter has defaulted on their storage unit rental payment, usually after 60 or 90 days. Most states have lien sales laws that govern the disposal of the items in the abandoned unit. Once all efforts to contact the renter or bring the account current have been exhausted, the unit is considered abandoned. (according to State law) The unit is then scheduled for auction. The unit is auctioned as a way to empty the unit, recoup lost rent and to re-rent the unit. According to the Auction Hunters TV show, thousands of these storage units are auctioned off each day.
Espino says: "These Storage Wars pros make storage auctions look easy, but you have to realize that these guys are experts at identifying high-value collectibles. They turn down more units than they bid on and of course there are the units that don’t make them a lot of money. None of this is shown because that wouldn’t make for good TV.”
A more realistic goal, says Espino, is to at least double your money with a storage unit buy. "Fortunately, I’ve averaged 600% profits on my storage auction buys, but it takes knowing what to look for so you don’t get burned.”
As the economy wanes, storage auctions will continue to be a sad reality. And as long as storage auctions are held, there will continue to be Auction Hunters getting into Storage Wars.
Dave Espino offers a video training program that teaches people how to profit from storage auctions and eBay at: http://www.DaveEspinoFastCash.com
Auction Hunters is a Spike TV show about storage unit auctions.
Storage Wars, on A & E, is a new TV show about storage unit auctions.
- Contact Information
- David Espino
- Espino Enterprises, Inc.
- Contact via E-mail
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