Storage Auction Solutions - The Best Solution

With several storage operators expressing interest in auctions online storage host decided to consider the advantages, disadvantages and legal consequences . As expected, there is some disagreement on the subject storage auction solutions.

PROS
1 . Online auctions are more lucrative .
All things being equal, auctions online are more profitable than traditional auctions in person. According storage auction solutions , auctions online net 25 percent to 100 percent of the auction in person.

Online auction site indicates that , on average, of traditional auctions recover only 50 percent of what is owed by tenants in arrears . In addition, auctions online generally recover more than 117 percent and storage auction solutions , according to general manager Jim Grant, the average sale is $ 300 to $ 400.

2 . Buying online auction to auction several units at once.
The online format allows buyers to make an offer on multiple disks at the same time at home , work or anywhere you can get an internet connection . Storage auction solutions buyers no longer have to spend time and money traveling to candidates installations auction .

3 . Auction online more time for daily work .
Using the online process , storage administrators can spend more time on everyday tasks. Storage Smart Stop representatives storage auction solutions say their auctions free for two days fifty-eight manager each month online, which would otherwise be spent on traditional auctions . Smart Stop is a client.

4. Online Auctions motivate tenants in arrears to pay.
Another advantage of this auction online is storage auction solutions that it effectively prevents the items are auctioned .

When a notice of lien sale email is sent, the owner of the system adds a link to the online auction , then , with the click of a button , storage auction solutions the tenant failed to see their auction items , view synchronization countdown and more motivated to come up with the money. Grant said 40 percent of auctions end be canceled due to tenants end up paying their bills.

CONS
Five-year veteran of the auction house allows self-storage Wayne Blair ran on online auctions. "At the time , no storage company storage auction solutions wanted to do ( online format ) , " he said, " and the process was on the way. "

1 . Buyers can not really see the Units.
" Many buyers veterans do not like auctions online storage and not an offer because the photos look better than the units , and buyers may not feel the unity ," said Blair storage auction solutions .

2 . Legal issues may arise.
The major concern auctions online is the potential legal liability storage auction solutions . " At this point in the process online , I think storage companies increase their responsibility ," said Blair.

Sales online storage auctions are legal?
While most industry experts agree that sales online storage auctions are the wave of the future , there is no agreement if they are storage auction solutions legal . This varies by state.

The law of the State of most laws regarding sales online storage retention bids are outdated. For example, Texas law governing sales online storage auctions have been written in 1984 when the Internet was in its infancy storage auction solutions.

Under Chapter 59 of the Texas Property Code , the sale "should be a public sale at the storage facility itself or a reasonable distance from the public. Storage auction solutions " Is the Internet a "public place" ? Maybe , maybe not .

However , supporters of the legality of online auctions argue that the real "sale" in a storage facility that trade bidder property cash , storage auction solutions this is the "deal" that takes place online.

Atlanta lawyer Scott Sucker said: " If the transaction takes place on the website, is that " the sale (public) " My answer is yes ? " storage auction solutions .