Here on the big island of Hawaii, more and more locals are getting wind of the storage auction craze and are coming in droves to cash in on the phenomenon. In Kailua-Kona there are a dozen or so self storage companies that hold semi-regular public auctions to sell off their repossessed units, and the turn out of bidders has increased each time. One recent public auction in Kailua-Kona, at a facility that had only 3 small auction units, the parking lot was crammed with eager bidders waiting for their chance to claim the repossessed lockers. Cars were sprawled out in the shoulder on the road and even parked up and down the street because there was no room! Everyone seems to believe the new auction reality shows like Auction Kings and Storage Wars are having a major impact on public awareness of storage auctions and their potential for making you extra cash.
But what’s so special about Hawaii storage auctions in particular? After all, the storage companies on the mainland are set up the same way as the ones out here. The procedures and rules are quite the same, and perhaps the only major difference between Hawaii storage facilities and mainland facilities is that the rent is far higher out here. However, there is one special aspect common to all repossessed storage lockers that makes Hawaii storage auctions a bit more exciting… Continue reading “What’s Special About Hawaii Storage Auctions?”
