Whenever people here the term ‘exclusive’ they tend to imagine a high-end restaurant or country club that only lets in its version of the ‘right people.’ One self storage company has decided to be exclusive, but not in a way in where they’ll be excluding any people from renting a unit and becoming tenants.
Stor-All Storage has decided to exclusively list their auction schedules with StorageTreasures.com. The site acts as an online directory for self storage facilities, but more specifically the auctions that have now become popular at self storage facilities.
"Stor-All is a key client for StorageTreasures.com, as they are one of the most respected brands in the industry." StorageTreasures President and Founder Lance Watkins continued, "Early on, Stor-All management saw the potential to reach more potential auction buyers through our site than it could on its own and jumped at the chance to be one of the first large operators to give public notice of scheduled auctions on our site."
As more and more people have taken to storing their precious treasures in self storage units, whether it was by choice, too much stuff, or an economic necessity, self storage facilities have seen a subsequent increase in the number of auctions they have had.
Auctions are held after a tenant fails to pay their rent for a certain period of time and the facility owner has . Proceeds go towards reimbursing the self storage facility owner for the rent they are due. If there is any additional money it goes to the original owner of the unit. At the same time if it is not enough the facility owner is out of luck.
With the popularity of these auctions on the rise due to television shows like ‘Storage Wars’ and ‘Auction Hunters’ self storage facility auctions have begun to attract more and more people hoping to find a hidden treasure inside a self storage unit.
“StorageTreasures’ philosophy is quite simple. We are giving the storage industry the opportunity to make their public auctions truly public with the largest group of auction buyers on the internet,” Watkins said.
The additional general attention has helped drive up auction prices meaning that self storage facility owners. StorageTreasures.com has become a known online entity for the best and latest information in regards to self storage auctions. By becoming exclusive with them, Stor-All Storage hopes to benefit from the pre-established status that StorageTreasures.com has.
Sources Used:
“Stor-All Storage to Exclusively List Auction Schedules on Storage Treasures Community Portal.” PRWeb; 06 October 2011.
“StorageTreasures Auction Site Receives Major Investment Influx.” Self Storage Industry News; 14 July 2011.