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Discussion in 'Now Playing - TV Show Talk' started by pmyers, Aug 18, 2011.
I love your insights.
Just to re-iterate a point you made in the other thread, which was surprising to me: That any auction funds received above and beyond the overdue rent (and some auction fee, I guess) goes back to the original tenant.
So, if I had a storage unit and was $500 past due, some guy buys it at an auction for 1500, then I would possibly get a portion of that 1500? Say the storage place gets their $500 that I owed them and the auctioneer had a fee of $200 then I could potentially get $800??
Thanks for clarifying. Someone else had already linked to a previous post from you about this point, but it's really nice to get your perspective on all of these questions.
I'm enjoying Jay's insights too. Very interesting. It's like having someone who actually races around the world while doing various challenges commenting on The Amazing Race
haha, yeah Vic, storage management is SO glamorous!
Raptor- yes, any monies over and above what is owed to the storage facility for rent, late fees, auction costs, administrative costs, advertising of the auction, etc., belongs to the tenant. If the tenant does not claim that money in a prescribed amount of time, then the money reverts to the state. (at least here in CA)
That has never happened at my facility. The amount due has always been much more than we get at an auction. Just recently, and probably due to Storage Wars, I have heard of other facilities getting more than is owed at their auctions. Those managers have complained that when they've contacted the state about where to send the overage, the state has no clue what to do with it. It puts the managers into a difficult situation when the state that makes the law doesn't know how to help you comply with the law.
Didn't somebody post something about a locker that had been filled with a bunch of empty boxes of high end equipment so it sold for a ton and then come to find out all of the boxes were empty? Now there is a case to see if the owner staged it?
Yes, Jayjoans said that some savvy (scammy) auction buyers have done that to recover money they spent on junk.
I have heard of auction buyers doing that, not facility owners/managers.
From what I heard, some savvy auction buyers rented a storage unit, then filled it with some of the items and attractive empty boxes from what they had leftover from the other units they had purchased during their normal course of business. They know what other auction buyers are looking for, so they "staged" the unit to be very attractive to the bidders. They quickly stopped paying the rent so the unit would go into lien status with a low balance and then on to an eventual auction. The bidding when way beyond what was owed on the unit due to it looking very attractive. Then, the savvy guys come back to the facility and claim the cash overage as theirs. That's one way to turn the junk that they collected over time into quick hassle-free cash.
Obviously, they were caught, but I don't know the rest of the story, or even if what they did broke any laws.
yeah...I'm not sure that they actually broke any laws.
Load up the front of a storage locker in SoCal with empty high-end electronics boxes. Hang a big sign in the back of the locker that says "Screw you, Dave Hester!"
Watching it tonight, and they've used the same very short clip of sawing the lock off a locker, and the lock itself is the smallest, cheapest lock you can imagine. Very small hasp, but apparently, it throws sparks really well.
I watched a few episodes of this show today for the first time ever. My first thought was "Are you f'ing kidding me!?" when I saw the prices being paid for some of the units.
I think these auctions are well "managed".
Still it's a fun show.
I saw something on the Texas version that I could not believe. Someone pulled a tube yv from a locker and admitted it was worth nothing. Dave Hester would have been like
TV .. 50 bucks
I liked Victor's reaction to the lightning strike. It was like something you see in a cartoon. One moment you have character under an umbrella, the next, you have an umbrella floating in space with the character nowhere to be seen.
On the NY show when the guy found the six or seven year old computers, I expected him to say they were trash. To find someone who paid $200 for the lot seemed to stretch credibility a bit. The only thing worth anything would have been the components and I have a hard time believing they were worth that much.
The women seemed to be undervaluing their stuff. $5 for a new pair of shoes?
I missed the NY show.
I have to laugh when I see guys like Hester give us a review of the "value" of all his items. One glaringly funny one was he found a 1990 big screen TV and said it was worth something like $500. Riiiiight.
It's amusing how they just toss out some random "this is worth $100!" this item is "$250!" to some total crap and the show states at the end that each person make "$XXXX profit. Really? most of the prices they toss out are probably 10x what the actual sell prices will be. I mean really, a $20 beat up WM looking charcoal grill is supposedly gonna be sold for $75??
(sadly we still enjoy watching the show just to see what kind of junk folks like to toss in these storage boxes)
I see they did tons of spin offs, Texas, NY, etc. I am getting bored with the current, can't see why the spin offs would be any different. CSI I still love, NY I have tons of episodes on my DVR but may stick with it and Miami I ditched, I think I will feel the same way with the Storage Wars spin offs. Thoughts?