By Eve Pearce
The storage auction boom shows no signs of slowing.
What was once the domain of a relatively small group of collectors and bargain-hunters, has transformed into a global phenomenon thanks to a slew of incredibly popular reality television shows in the United States.
The age-old saying that one man’s trash is another man’s treasure, has never been more apt. But while the appeal of the auctions has gripped those keen to “get rich quick”, it has also given rise to a raft of how-to guides and handbooks aimed at this growing army of fans. Some latch on to the glitz and glamour of the TV shows, but many others cut to the heart of the business and provide clear and helpful advice.
Here are some books worth considering.
1. The Definitive Guide to Storage Auctions By Barry Flynn and C.R. Powell
The popularity of Storage Wars in the USA have prompted a string of copy-cat TV shows all focused on the treasures-in-trash theme – Auction Kings, Auction Hunters, Pawn Stars, Pawn Queens, American Pickers — to name just a few. But with this book, Flynn and Powell debunk the many myths and misconceptions surrounding the industry. A must-read.
2. My Life as a Storage Auction Addict By Glendon Cameron
For almost a decade the author of this book was a full-time storage auction buyer in Atlanta, Georgia. But left the day-to-day business behind, Cameron has written an incredibly insightful book teaching would-be treasure hunters the ropes. “In the next two to three years, this is going to skyrocket,” he says. “It’s not for everyone. It’s not easy and it’s a lot of hard work, but if you put in your time and money into it, you can make money.”
3. How to Make Boxes of Cash with Self-Storage Auctions By Barbara Rogers
Small but perfectly-formed. This is not the longest book you will ever read, in fact it is only 48 pages long, but in many ways that it is its greatest strength. It took Rodgers a year to work the business out but this easy-to-follow manual will ensure you get to grips with it much quicker than that. Clear, concise, clever.
4. The Beginner’s Guide to Storage Auction Profits By Glendon Cameron
This is a great starting place for anyone looking to take their tentative first steps into the business. Cameron knows his stuff but this is aimed at someone keen to dip their toes in without investing their heart and soul… yet. Storage Auctions 101 gives you the basics and some tips that border on advanced storage auction buying techniques. Will make you look like a pro.
5. The Garage Sale Millionaire: Make Money with Hidden Finds from Garage Sales to Storage Unit Auctions By Aaron LaPedis and Jeffrey Kern
Written by two expert collectors with more than sixty years of combined experience, this book is packed with gems of information. LaPedis and Kern lift the lid on the often intimidating world of collecting and created this absolutely indispensable guide to hunting for and then profiting from someone else’s junk. Comprehensive and convincing.
6. Mastering Storage Unit Auctions: The A-Z Guide to Storage Unit Auctions By Eddie B. Allison
Another book with a real mouthful of a title but another informative and entertaining read. Allison breaks his advice down into bite-size and easy to read advice, such as: three little known, yet simple ways to generate income, three proven steps to avoiding the pitfalls of the auction-room and three things you should never do at a storage auction.
7. Making Money in Storage Auctions: How to Profit from the Storage Wars and become a Storage Auction Warrior By Boston Reynolds
As the title says, this book is inspired by the television show that sparked the phenomenon. But having said that, Reynolds has plenty of straightforward advice that gets to the heart of the business and helps you to minimise the risk and maximise the profit. A popular choice in the United States.
8. Winning Storage Auction Strategies By Dirk and Susan McFergus
This husband and wife team dispel the myths around the TV shows to paint the reality of the auction business. This book includes the story of how bags of dryer lint, sex toys, $20,000 in cash, gold and 100,000 expired Trojan condoms were bought at delinquent storage unit auctions in Las Vegas and tells you how to prevent your ego from buying a losing storage unit. Essential tips and funny personal stories.
9. How to Invest in Self-Storage By Scott Duffy and RK Kliebenstein
This well-researched manual looks at the other side of the business and tells the story of those who manage and own storage units. This will help add depth and understanding to those of you attending as buyers.
10. Money Making Tactics From Mini-Storage Auctions: Cashing In On The Booming Self Storage Auctions Trend KMS Publishing
The auction business is full of unforeseen events – stock lost in an accident, lots that disappoint and the occasional diamond in the rough. But this book will help you take the rough with the smooth and is full of good advice. Short, sharp, simple to understand.