Common questions

Is American Auctioneers still in business?

Is American Auctioneers still in business?

Despite their departure from the show, the couple are still very much active in the storage auction industry today, and have kept it their main business focus. Dan and Laura run American Auctioneers, a company that performs both online and live auctions and has been doing business since 1983.

Where are the auctioneers on Storage Wars?

Riverside, California
They own American Auctioneers in Riverside, California. This company runs live and online auctions. They also own a self-storage auctioning system called Storageauctions.net.

How much is Dave from storage wars worth?

Dave Hester is the CEO of Dave Hester Auctions and a significant member of Storage Wars reality television show. He has an estimated net worth of $4 million.

Do they really have storage auctions?

Self-storage unit auctions happen when storage tenants fail to pay their rent on time. If the renters does not pay what’s due in time, the storage owner can proceed to auction off a unit’s contents to the highest bidder. Storage locker auctions are typically conducted in one of two ways: live auctions or online.

How old is Laura Dotson from Storage Wars?

53 years (May 13, 1968)
Laura Dotson/Age

What happened with Dave Hester on Storage Wars?

Dave Hester returns for season 4 Hester suffered a hemorrhagic stroke due to high blood pressure and sleep apnea. The stroke was severe enough for Hester to believe he was going to die. As a result, the star has taken some time to recover, so he isn’t in a lot of the newer episodes.

Can you really make money buying storage units?

Absolutely. Whether you’re the storage owner or a bidder, there is profit to be made on auctions. However, there are some risks. If you’re the owner and are auctioning, you would need to accept a bid high enough to recoup the losses from the previous renter’s failure to make payment.

How do self-storage auctions work?

Auction occurs around 45-90 days after a unit classified delinquent. Auction opened to the general public; most storage buyers bid to win for the purpose to resell for profit. Auctioneer will state the rules and terms of the auction, which vary according to each self storage site. …

What do you need to know about storage auctions?

Know the lien laws pertaining to storage auctions in your state. Perhaps the most important factor in holding a successful storage auction is understanding how to do it legally.

  • Make the rules clear.
  • Give your tenants plenty of notice.
  • Promote your auction.
  • Process auction results right away.
  • Where to find storage auctions?

    Finding Storage Unit Auctions. Many current and upcoming storage unit auction listings can be found through legal notice postings in state and local newspapers. Another way to find a unit auction is by contacting the storage company directly, either through the company website, or by calling them to inquire of upcoming auctions.

    How to get started in storage bin auctions?

    Set an area in which you are willing to travel,such as a radius of 50 miles from your home,and begin research to…

  • Create a paper or computer-based database with the information you gather. Include the name,address and telephone…
  • Attend one or more auctions as a spectator. While not every storage bin auction will…
  • What to know about storage auctions?

    Share The Article. Storage auctions are a real thing and not simply something that happens only on the television. In fact, storage auctions occur when tenants stop making payments on their storage unit. The storage facility is able to lock the tenant’s unit once they miss a single month of payment.

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    Ruth Doyle