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A woman auctioneer fights like a man with Dave on Storage Wars. YUUPPPP!!!

lakerboy226

August 14, 2017

108 upvotes

/r/PussyPassDenied

https://www.youtube.com/watch?v=IkWqhNIl0d4&sns=em

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Title	A woman auctioneer fights like a man with Dave on Storage Wars. YUUPPPP!!!
Author	lakerboy226
Upvotes	108
Comments	33
Date	August 14, 2017 6:21 AM UTC (8 years ago)
Subreddit	Posted in /r/PussyPassDenied
Original Link	https://old.reddit.com/r/pussypassdenied/comments/6tkn53/a_woman_auctioneer_fights_like_a_man_with_dave_on/
Archive Link	https://theredarchive.com/r/PussyPassDenied/a-woman-auctioneer-fights-like-a-man-with-dave-on.915905 https://theredarchive.com/post/915905

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Auctions are usually a last resort. In terms of money, time, and legal risk; there's little to no...actually, there's nothing gained.

Think about it this way: usually when someone stores something, there is a major life change happening. It's not that there's too much crap in the garage, it's that they are getting married/divorced, moving/evicted, there's a birth/death, etc. Sometimes people put their entire lives in these units. So add a sentimental value to the unit.

Then you have 101 hoops to jump through. All states have some sort of self storage lien law. Some are the stupidest damned requirements, are others make sense. An example is being required to send a notice. That makes sense. Being required to send a notice with specific words written in bold, underlined, in a font size 2 points larger than the rest of the letter and then required to use Calibri font (don't laugh, there are states that do that), that's more headache than it's worth. If one word is mistyped, not bolded, etc. we would automatically lose any wrongful sale lawsuit. If not enough time has passed, or not enough attempts made to contact, we lose. Essentially, an auction is an exercise in attention to detail. It kind of like being a crew chief for a fighter jet: if one thing is out of place, the whole thing can crash and burn. So there's the legal risk factor

And people are sue happy with self storage companies. One lady sued because her unit was 2 feet bigger than advertised. So she got a larger unit for a lower price. She lost, but the company couldn't recoup the legal cost. Another lady was a year delinquent. Most companies start auctioning after 90 days, this one let her slide for a year. Because the statement in her notice wasn't conspicuous enough (not bolded), she won 2 million dollars. Then add "commercially reasonable". Everyone swears they have the Hope diamond, Babe Ruth's rookie card, or the map to the Lost Dutchman mine in their unit. If we only get a hundred bucks for the unit, they can argue that the contents weren't sold in a commercially reasonable way.

Last, we never recoup what is owed. On average, we may get 14%. The only good thing an auction does is give us a unit back that we can rent out to someone who does pay on time.

I have my managers do everything possible to avoid an auction. Making payment arrangements, settle the balance with a promise to move out, etc. That way we avoid the legal risk and sentimental attachment. I'd rather you pay half of what you owe and get out versus selling your stuff at auction.

Shows like storage wars, 1st of all they seed units. Second, it makes us look like all we want to do is auction everything off. If I was to rely on auctions for profits, we'd be closed within 6 months. I make more money getting people to pay on time and working with those dealing with life issues than straight up selling their stuff out from under them.