At storage unit auctions, bidders hope to strike treasure

Lock_WideShot

When people are overdue on their storage rent, the contents of their lockers can be auctioned off. At PayLess Self Storage in Richmond, the owner of the unit is usually first notified when they fall 14 days past due on their rent. When the owner is 63 days overdue on their rent, the unit can then be put up for auction; after that point, it is up to the facility to decide how long they want to wait before selling the unit. "We try to work it out the best we can by offering extremely generous deals," said Shale Butler, property manager at PayLess. "Because we don’t like selling their stuff. But unfortunately we are in business to rent storage units for money not to give them away for free."

“When people are overdue on their storage rent, the contents of their lockers can be auctioned off. “We try to work it out the best we can by offering extremely generous deals,” said Shale Butler, property manager at PayLess. “Because we don’t like selling their stuff. But unfortunately we are in business to rent storage units for money not to give them away for free.”

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