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Storage Wars on A&E TV (3 Viewers)

My questions:Why dont the storage unit owners go through the stuff first? Is it against the law for them to do such?How do people get bid "up"? Seems to me it would be easy to see when it was happening and you could just pump the brakes when you see someone keep outbidding you just for the sake of doing it.I went to one of these about a month ago and the dude auctioned off 2 and there was nothing but crap upon crap in both. Not sure how many you have to hit before you get the motherload. As someone said earlier, once you buy it you have to be prepared to haul it away. Seems glamorous on TV but in reality its more of a pain.
According to Michigan laws on storage units, if you are more then 5 days late on your rent, they can prevent you from stepping foot on their property.
Why dont the owners of the unit, not the renters, go in the units and get the good stuff?
Take the guy who paid $850 for the unit... the owner of the facility takes out of that $850 he's paid whatever rent was owed, then sends the remainder to the registered address of the renter. He can't keep more than what he's owed.
 
My questions:Why dont the storage unit owners go through the stuff first? Is it against the law for them to do such?How do people get bid "up"? Seems to me it would be easy to see when it was happening and you could just pump the brakes when you see someone keep outbidding you just for the sake of doing it.I went to one of these about a month ago and the dude auctioned off 2 and there was nothing but crap upon crap in both. Not sure how many you have to hit before you get the motherload. As someone said earlier, once you buy it you have to be prepared to haul it away. Seems glamorous on TV but in reality its more of a pain.
According to Michigan laws on storage units, if you are more then 5 days late on your rent, they can prevent you from stepping foot on their property.
Why dont the owners of the unit, not the renters, go in the units and get the good stuff?
Take the guy who paid $850 for the unit... the owner of the facility takes out of that $850 he's paid whatever rent was owed, then sends the remainder to the registered address of the renter. He can't keep more than what he's owed.
I'm guessing the auctioneer gets a % of the $850 first?
 
My questions:Why dont the storage unit owners go through the stuff first? Is it against the law for them to do such?How do people get bid "up"? Seems to me it would be easy to see when it was happening and you could just pump the brakes when you see someone keep outbidding you just for the sake of doing it.I went to one of these about a month ago and the dude auctioned off 2 and there was nothing but crap upon crap in both. Not sure how many you have to hit before you get the motherload. As someone said earlier, once you buy it you have to be prepared to haul it away. Seems glamorous on TV but in reality its more of a pain.
According to Michigan laws on storage units, if you are more then 5 days late on your rent, they can prevent you from stepping foot on their property.
Why dont the owners of the unit, not the renters, go in the units and get the good stuff?
Take the guy who paid $850 for the unit... the owner of the facility takes out of that $850 he's paid whatever rent was owed, then sends the remainder to the registered address of the renter. He can't keep more than what he's owed.
I'm guessing the auctioneer gets a % of the $850 first?
Are you guys being dense? I have the same question. I am pretty sure what's being asked is what I've been wondering, too. What's stopping the owner of the storage complex of going into the unit the night before and swiping all the good stuff, then putting a new lock on the unit and having the auction the next day?
 
My questions:Why dont the storage unit owners go through the stuff first? Is it against the law for them to do such?How do people get bid "up"? Seems to me it would be easy to see when it was happening and you could just pump the brakes when you see someone keep outbidding you just for the sake of doing it.I went to one of these about a month ago and the dude auctioned off 2 and there was nothing but crap upon crap in both. Not sure how many you have to hit before you get the motherload. As someone said earlier, once you buy it you have to be prepared to haul it away. Seems glamorous on TV but in reality its more of a pain.
According to Michigan laws on storage units, if you are more then 5 days late on your rent, they can prevent you from stepping foot on their property.
Why dont the owners of the unit, not the renters, go in the units and get the good stuff?
Take the guy who paid $850 for the unit... the owner of the facility takes out of that $850 he's paid whatever rent was owed, then sends the remainder to the registered address of the renter. He can't keep more than what he's owed.
I'm guessing the auctioneer gets a % of the $850 first?
Are you guys being dense? I have the same question. I am pretty sure what's being asked is what I've been wondering, too. What's stopping the owner of the storage complex of going into the unit the night before and swiping all the good stuff, then putting a new lock on the unit and having the auction the next day?
These owners are of the highest ethics. Many are in fact lawyers or work in automobile sales.
 
My questions:Why dont the storage unit owners go through the stuff first? Is it against the law for them to do such?How do people get bid "up"? Seems to me it would be easy to see when it was happening and you could just pump the brakes when you see someone keep outbidding you just for the sake of doing it.I went to one of these about a month ago and the dude auctioned off 2 and there was nothing but crap upon crap in both. Not sure how many you have to hit before you get the motherload. As someone said earlier, once you buy it you have to be prepared to haul it away. Seems glamorous on TV but in reality its more of a pain.
According to Michigan laws on storage units, if you are more then 5 days late on your rent, they can prevent you from stepping foot on their property.
Why dont the owners of the unit, not the renters, go in the units and get the good stuff?
Take the guy who paid $850 for the unit... the owner of the facility takes out of that $850 he's paid whatever rent was owed, then sends the remainder to the registered address of the renter. He can't keep more than what he's owed.
I'm guessing the auctioneer gets a % of the $850 first?
Are you guys being dense? I have the same question. I am pretty sure what's being asked is what I've been wondering, too. What's stopping the owner of the storage complex of going into the unit the night before and swiping all the good stuff, then putting a new lock on the unit and having the auction the next day?
I suppose nothing is stopping them. But I doubt it's worth the effort. These units are usually packed full of random household items that are for the most part useless. Probably not worth the cost of a new lock.Also, some people square up at the last minute. Would be hard to explain why the unit has a new lock on it.
 
My questions:Why dont the storage unit owners go through the stuff first? Is it against the law for them to do such?How do people get bid "up"? Seems to me it would be easy to see when it was happening and you could just pump the brakes when you see someone keep outbidding you just for the sake of doing it.I went to one of these about a month ago and the dude auctioned off 2 and there was nothing but crap upon crap in both. Not sure how many you have to hit before you get the motherload. As someone said earlier, once you buy it you have to be prepared to haul it away. Seems glamorous on TV but in reality its more of a pain.
According to Michigan laws on storage units, if you are more then 5 days late on your rent, they can prevent you from stepping foot on their property.
Why dont the owners of the unit, not the renters, go in the units and get the good stuff?
Take the guy who paid $850 for the unit... the owner of the facility takes out of that $850 he's paid whatever rent was owed, then sends the remainder to the registered address of the renter. He can't keep more than what he's owed.
I'm guessing the auctioneer gets a % of the $850 first?
Are you guys being dense? I have the same question. I am pretty sure what's being asked is what I've been wondering, too. What's stopping the owner of the storage complex of going into the unit the night before and swiping all the good stuff, then putting a new lock on the unit and having the auction the next day?
I suppose nothing is stopping them. But I doubt it's worth the effort. These units are usually packed full of random household items that are for the most part useless. Probably not worth the cost of a new lock.Also, some people square up at the last minute. Would be hard to explain why the unit has a new lock on it.
Good points. "Umm, I noticed your lock was getting a little rusty so I cut it off and gave you a new one...it's on me. Oh, and while I was doing that the door happened to open and I decided to tidy up the place a bit."
 
My questions:

Why dont the storage unit owners go through the stuff first? Is it against the law for them to do such?

How do people get bid "up"? Seems to me it would be easy to see when it was happening and you could just pump the brakes when you see someone keep outbidding you just for the sake of doing it.

I went to one of these about a month ago and the dude auctioned off 2 and there was nothing but crap upon crap in both. Not sure how many you have to hit before you get the motherload. As someone said earlier, once you buy it you have to be prepared to haul it away. Seems glamorous on TV but in reality its more of a pain.
According to Michigan laws on storage units, if you are more then 5 days late on your rent, they can prevent you from stepping foot on their property.
Why dont the owners of the unit, not the renters, go in the units and get the good stuff?
Take the guy who paid $850 for the unit... the owner of the facility takes out of that $850 he's paid whatever rent was owed, then sends the remainder to the registered address of the renter. He can't keep more than what he's owed.
I'm guessing the auctioneer gets a % of the $850 first?
Are you guys being dense? I have the same question. I am pretty sure what's being asked is what I've been wondering, too. What's stopping the owner of the storage complex of going into the unit the night before and swiping all the good stuff, then putting a new lock on the unit and having the auction the next day?
I believe that when you contract for a storage unit, you give the unit owner a lien against the property contents. Enforcing a lien is a highly regulated process, and commonly is done using a reasonable auction or sale. Methods for enforcing liens are usually strictly regulated to make sure debtors don't get hosed. The objective of a security interest lien is not to serve as a windfall to the lienholder, but to give it security against a debt. If any aspect of the auction (typically timing, notice) is unreasonable, the property owner can dispute the enforcement of the lien, forcing it back to square one. While I suspect storage unit owners can bid 'blind' on units, it would be deemed an unreasonable auction for them to cherry pick and leave only crap in units. First off, it would be theft of another's property. Second, common sense says potential auction bidders would be reluctant to bid on units if there is less likelihood of valuable contents (no 'wow factor'). Same deal if they were able to be advantaged in auction by evaluating contents before sale. Bidders would be reluctant, the contents would sell for less, and storage renters would be disadvantaged by not having a market value auction bid offset the debt owed. ETA: Just looked it up and here is the Florida lien statute for storage units. The methods Florida storage unit owners may use to enforce the lien are under 83.806.

 
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I've watched the show, saw the first six episodes in December, not sure if there are any more.

Though I find the show somewhat enjoyable, I also cringe. It really does seem that the units are staged.

If you win a car, you still need the title to sell it.

They overinflate the value of everything, and then pretend that they actually receive these full retail values for all the wares, with no overhead. (In that regard, it's nowhere near as bad as American Pickers. Those guys oughtta just come out of the closet already.)

The Elvis newspapers? Hint: if you have thousands of something it does not have a retail value. It has a wholesale value. Thanks to eBay, not much sells for retail anymore. Good flip? Probably but best to bulk out and be done. They're slow sellers at $30 each.

Then there's the time Darrell briefly mentioned buying a bunch of comics for $2700 and flipping them for $130,000, as they cut to an image of a bunch of comic long boxes. Of course, this was not featured on the show; it's a tale from his past.

While possible, I still tend toward thinking he's exaggerating.

A bunch of long boxes can look pretty bad to anybody without looking inside. Most unopened long boxes are filled with comics from The Dark Age Of Comic Books, near worthless dreck that is often difficult to sell for 2¢ a book (anybody interested in 68 copies of Magnus Robot Fighter #22?). Thus, I can see why unopened boxes would be underbid.

I also know that people die. People go to jail. Some people don't know the value of what they own. Even with all those things known, I still hold as suspicious the notion that somebody lost $130,000 worth of comics because of a failure to pay their monthly rent on a storage locker, especially in light of how fast and loose they play with the truth on the rest of the show.

As far as them being worth a million dollars? Well, a million dollars worth of comics (guide) are worth maybe $130,000 wholesale IF they're really good stuff. Guide is meaningless, and doesn't reflect the market (as with many other collectibles, but perhaps more so). Everything's worth what somebody's willing to pay. There isn't a lot of liquidity in collectibles markets, especially now. It's a perpetual buyer's market, in a sense.

What was I talking about? Oh, Storage Wars. Yep, find it entertaining. But I doubt just about every word that comes out of my speakers.

There's a decent discussion of the show over InsideSelfStorage.com. (Go figure.)

 
Oh, sure, I buy that the values are inflated and unrealistic, and probably add to the crowds looking to "get rich quick". But I don't think the contents of the lockers themselves, or the bidding, is staged.

 
There's a decent discussion of the show over InsideSelfStorage.com. (Go figure.)
Someone stole my idea!

Kcunzuf [Moderator] 2 months ago

Ok, I have a question….what would stop you, as a renter, from ‘staging’ a unit to look like it was full of valuables and defaulting on the rent? You could put empty guitar cases, lock boxes, empty boxes from expensive retail items, jewelry boxes in the open, the front forks and wheel of a Harley sticking out from under a blanket,…the list goes on and on! You then default on the auction and get the thousands of dollars over and above the defaulted rent on the unit. Has anyone ever considered this?
If the storage unit auctions for more than what is owed, the renter gets the remaining balance of the cash made during the auction.
Yes, the storage place only recovers their rent costs - the rest of the $ goes to the people who had the stuff.
:shock: :jawdrop: :shock:

Am I the only one tempted to rent a storage unit for a month, and fill it with banker's boxes full of dirty underwear, old rags, and used up pornography, but write "Gold Bars", "1950s Topps Baseball Cards", "Jewelry", "Elvis Stuff", and "Drug Dealing Profits--100s and 50s" on all the boxes? Then let the lease expire and show up on auction day to watch the fun?
I think I just found a second income stream.
 
Wouldn't shock me if some of it is staged.

The Auction Hunters show, all seems staged to be honest.

Storage Wars seems legit, but wouldn't surprise me after several tapings where not much is found, producers say, "lets add a safe filled with vintage coins".

I mean, really, would anyone watch if 2 weeks in a row they show you old mattresses and chairs being won?

The producers know what sells their shows, the hunt and capture of a hidden treasure...thats what we want to see, so wouldn't be surprised if they stage some.

But back to the auction hunters show, those 2 just seem too polished, every negotiation seems too typical, I don't know, just doesn't pass the eye ball test to me.

This LINK seems to have a guy exposing them. i don't know enough about cars to determine whether guy in link is accurate, but I remember watching that episode and thinking it just seemed staged.

 
If you win a car, you still need the title to sell it.
You get a lien against the car and take possession of it. Mechanics do this all the time. If some leaves the car and doesn't pay for the repairs, they get a lien to take possession then usually sell it to make their money back.
 
If you win a car, you still need the title to sell it.
You get a lien against the car and take possession of it. Mechanics do this all the time. If some leaves the car and doesn't pay for the repairs, they get a lien to take possession then usually sell it to make their money back.
From what I've seen of American Pickers, without a title they can only strip a vehicle and part it out. Lienholders are probably a different story.
 
One other thing that struck me as acted was when Jarrod won that there locker, and unearthed an antique safe. He acted disappointed that it didn't contain bearer bonds and silver certificates until Darrel clued him in that antique safes have value. He couldn't really be that dumb. That's acting.Plus, the stuff he says he can put on his shelves in his "thrift" (used crap) store? Bread machine. Used electric razors? Most of that stuff can be found in FREE piles after yard sales or in the FREE (please take) section on Craigslist. I have used the FREE listings on Craigslist to get rid of a lot of stuff I didn't want to take to the dump. Old sink. Old shower doors. Old tires, even! (No disposal fee!)

If you win a car, you still need the title to sell it.
You get a lien against the car and take possession of it. Mechanics do this all the time. If some leaves the car and doesn't pay for the repairs, they get a lien to take possession then usually sell it to make their money back.
Curious. Is there a procedure you need to follow to ensure that nobody else has a lien against it? Doubtful with the old BMW, but very possible with a car abandoned at an auto repair shop.
 
One other thing that struck me as acted was when Jarrod won that there locker, and unearthed an antique safe. He acted disappointed that it didn't contain bearer bonds and silver certificates until Darrel clued him in that antique safes have value. He couldn't really be that dumb. That's acting.
Pretty sure Darrel really is that dumb.
 
The idea of staging storage lockers is a good one.

I've attended maybe a couple dozen local (non-storage) auctions over the years (looking for comics) and am routinely impressed by how much the rubes pay for the junk. I'm pretty sure the pro pickers know what they're doing, when buying furniture and such, even though the prices seem high to me. But I know worthless, and often see people paying good money on it. There's a difference between silver and silver plate. 1980s isn't vintage enough... yet.

From what I've heard in discussing this with folks locally and on-line, a lot of these type auctions are also staged. The auctioneers own a lot of the stuff. They collect and reuse vintage boxes and old newspaper to wrap stuff in, and pawn it off as an "estate" when it's often just the remainder of stuff they picked up in their El Dorado while hunting curbs for free stuff at 4:00 on summer Saturdays.

I know the comics are seeded, and most often worthless. It's hard getting one over on an auction house, but sometimes they don't know their shinola, accidentally use it to seed the other stuff.

It's kind of a kick watching toothless people eat pizza and smoke Montclairs. Almost. Okay, not really, which is why I haven't bothered in almost a year.

 
My questions:Why dont the storage unit owners go through the stuff first? Is it against the law for them to do such?How do people get bid "up"? Seems to me it would be easy to see when it was happening and you could just pump the brakes when you see someone keep outbidding you just for the sake of doing it.I went to one of these about a month ago and the dude auctioned off 2 and there was nothing but crap upon crap in both. Not sure how many you have to hit before you get the motherload. As someone said earlier, once you buy it you have to be prepared to haul it away. Seems glamorous on TV but in reality its more of a pain.
According to Michigan laws on storage units, if you are more then 5 days late on your rent, they can prevent you from stepping foot on their property.
Why dont the owners of the unit, not the renters, go in the units and get the good stuff?
NM- Already answered.
 
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Im glad that Dave got screwed on that bike, what a hunk of junk

And Brandi dressed down too much, I did however like what she wore to get the record player appraised

 
A couple guys in the bar are now saying it (Yeeep) when they need a drink. Wonder if it'll ever get old? Surprised when they did it last weekend, lots of people knew where it was from/have seen the show before.

 
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If I were on of these guys that kept being bid up by Dave(Barry) I think one time I might let him have the locker and then go to his store and purchase the one item I wanted. Depending on the item it might save me some $$$.

 
Husband of my ex wife has been doing this for about 8-9 months. There are plenty of units that end up mostly junked out but enough decent stuff in others to make some money. They are about 150% ROI last i talked to them about it. He was laid off and it is pretty much his job now.

The difficult parts are:

Sorting through all the stuff. Boxes of junk that need to be sorted through and grouped if anything is worthy of keeping.

Storage space - enough to hold what you just got and enough room to hold good stuff waiting to be sold. Also need some space for the aforementioned sorting.

Selling it - It started with garage sales but the city advised them that they could only have so many a year. That wasn't the way to do it anyway, moving stuff in and out every weekend. Now The ex, my daughter and a couple friends are starting the process of cataloging, photographing and listing the stuff online. Much better ROI and no continual moving but very time consuming.

They like the people watching aspect of the auctions. Old coots playing up stuff to get newbies to overvalue it and bid high, regulars that outbid another regular just because they knew they were interested in it and want to mess with them and crap like that. First timers that have seen a show and start bidding can be fun i guess. Regulars will sometimes just let them win and then watch. Some have no clue they need to pay up and load up. Apparently some think the storage place or auction company is going to deliver it LOL.

We just had a conversation about the auctioneers getting their cut and they are pretty confident that there are bidders working for the auctioneers at some sales.

They do get some good stuff though. I just got a brand new front loader washing machine from them for $300. It retailed for $600 and is a discontinued model but it still had the packing tape on the knobs and the shipping braces/packing around the drum. Never used. They paid i think around $500 for the unit and still had a dining room set and coffee table/end tables to sell besides whatever was in the boxes.

I'm waiting to see how it goes for a couple more months. They have filled up both their garages and a side yard. They are buying more and bigger units because it seems profitable and they have moved some stuff. I keep reminding them that if the stuff doesn't sell you are going to have to put it in storage to make room for more stuff. It would suck to watch your auction stuff get auctioned off because you couldn't sell it for the storage rent :lmao:

 
Just recently discovered this show. My wife and I used to go to a lot of auctions, so we love this.

Brandi is so hot.

 
First off has anyone who goes to auctions ever notice that if there are more women than men there, it is better just to leave.

 
I just started watching a few episodes while travelling this week and I give it a big :thumbup: . I really like the show. I think I'm going to set it up to record as a series.

 
Barry really sucks at this.
He's my favorite, tho. He's really the only one that I could see sitting down and grabbing a beer with. The others are all either morons or jerks (Hi Dave).
Yeah, if you don't like Barry, you don't like beer, the guy is classic. I get the feeling Barry's got plenty of dough and was just an old dude poking around for a hobby. He's been around the block and then some. Definitely shticking it up for the cameras. I want Barry to end up bagging Brandi, then Jarrett go to prison. THAT is how the season should end, our ratings would go through the roof. :hifive:
 
As staged as this is,
So how does this work? They rent out a bunch of storage unitss to fake bid on and the producer does a drop of acid to determine what does in the lockers? "I'm seeing an entire restaurant in a unit... 30,000 newspapers of Elvis' death... a green woman with a telephone for a stomach... and the world's smallest car... WITH A MIDGET IN IT!!"
Wait, you think they're just showing up and shooting?
 
Watching a couple new shows right now, or at least they're new to me. Some Rico Suave dude is out-bidding everyone, it's great, all the regulars are pissed. :lmao:

Still in love with Brandi...damn. :wub:

And Barry is classic like always.

YEEEEEEEEEEEEEP! Speaking of which, Rico Suave has a good one himself...he just lifts his arm up high, as he puts his head down like it ain't no thing. Hiarious, this ####.

 
Ending with Dave & Barry was funny. "They'll edit it out if you laugh." "OK, gimme the line again." "$1500 is a lot to pay for just a little head." :lol:

 
Love this show. Love auction hunters too. Real, fake...who cares. It's entertaining. And Brandi is way hot.

I have a buddy that does auctions for a living now. You have to have a network of people to seel what you find pretty quickly. He also told me that a lot of units are in fact abandoned for lots or reasons. People go to jail, get deported, divorced, on the lamb.. He also said that quite often, he can tell when a bidder has been hired by the person who owns the unit to try and get it back. He can tell by the way they bid that they have to leave with the unit. Amazingly, he also said that the regulars (and there are many) at these things often dont bid those units up and let the family or friend get the locker back on the cheap.

Great stories about stuff he finds. True, lots and lots of junk. But also some weird and cool stuff. He makes some coin, I'm here to tell you though.

 
Like this show, but Auction Hunters is a much better show. With Auction Hunters they actually sell the stuff and it's not some estimated amount.

 
Caught this show for the first time last night and ended up watching it for 4 hours. Pretty entertaining.

Barry is definitely cool. Seems like he's out there to entertain himself.

Dave is the most savy. He has a plan and a means to move most of the stuff. Hitting on the occassionaly hidden gem is just icing on the cake for him.

Jarrod is Dave-lite but much dumber. Bidding up a locker because he could see a single pair of Levis jeans was crazy.

Darrell is useless. His swing for the fences mentality is rediculous.

 
Any confirmation on if this is all staged reenactments?
YEEEEAP...i think it's fairly obvious the crowd and the occasional random bidder are likely extras with the whole bidding process being staged. They do a good job to keep this show entertaining though so I don't really care.
 

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