Man Buys Storage Unit For $500, Finds $7.5M Inside

Covering Their Losses

A storage owner says, “I really don’t make much money out of auctions – it’s to try to cover our expenses. Ninety percent of the time, I don’t cover my losses. One unit may have cost me $600, and the person bids at $400, so my revenue has still suffered a loss.”

“An unpaid unit does not make any money. The sooner the delinquent tenant can be moved out, the sooner a paying tenant can move in.”