Quote:
Originally Posted by will76
I am not sure if they HAVE to auction it. It may vary state to state depending on the law of each state.
However, if you think about it most of these places (at least around here are full), they are in the business of renting space, not owning stuff and selling. If they could keep the contents they would need another place to keep it as the people win the auctions get the stuff out that day or they start paying for the unit themselves. Then there is always the people who pay more than the contents are worth (the storage owner does better selling on those.) And if they did keep it and sell they would need to hire more employees to go through everything, a place to sell it, etc... I think just like anything else most people stick to what they do best and pass it off to someone else. If they could keep it I would bet most would still opt for the quick money and freeing up a unit asap to rent to someone else.
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This is right on point. I had several owners/managers tell me that they are at capacity most of the time and often have a waiting list. Some of these units are expensive to rent. When some defaults it is often about 3 months worth of rent that they are now out on so they just want to get the thing empty and get it rented ASAP. The don't want to deal with selling stuff, shipping stuff, etc.