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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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25351343 No.25351343 [Reply] [Original]

Maybe im naive but these seem like gold mines. Cheaper and easier to maintain than properties people live in. Especially with increased consumption and rent prices. People will inherit their boomer parents shit that they cant throw away cause of sentimental value and or soibois dont want to throw away funko pop collection for wife. More shit less affordable space. I hear a storage unit needs to be at around 70% capacity to be profitable and increases overtime as people forget they are still renting something from me itll just be another subscription bill on their bankstatement hidden away by netflix,disney +,amazon prime,gym etc

>> No.25351474
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25351474

>>25351343
Go in a time machine, go back to the 70’s buy buy it for the same price as a home and wait til 2020 for it to be 11-20mil.

T. Involved in the auction/antique business through my dad and know the cast members of storage wars and work on the side for Dan Dotson

>> No.25351512

>>25351474
What, do you mean the cast members are not actors?

>> No.25351548

>>25351474
Nice snapshot fren, you sound believable.

>> No.25351621

>>25351512
Nope Dave Hester sells online and has a warehouse of stuff. He had an auction house and directly competed against my dad back in the 90’s. He still comes to the sales but I’m closer to his brother Joe. Brandi and Jarod did have a thrift store until they sold it and Darrell made his money via swap meets and eBay. The only “cast member” was Barry but he made a shit ton of money in the produce business.

>> No.25351683

>>25351548
I might do an antique ama on biz and and share photos. That what I plan to do when I make it. Antiquing is a great hobby for the history you learn and the money you can make. But if you want to do it for a living, old money will always beat you at auctions

>> No.25351731

>>25351474
I wanted to start at a small scale isnt it just buying a lot with a whole bunch of containers and one security guard maybe

>> No.25351783

>>25351343
Anon there is a pomp podcast with a guy who takes older facilities that have a lot of overhead and completely automates them. seems to have a good plan for profit. can't remember the guys name but you might find it useful

>> No.25351861

>>25351731
Not even a security guard just have one person on-site and your good. But having security wouldn’t hurt

>> No.25351969

>>25351731
But you have to worry about maintenance, insurance and liquidations as well. In California at least even if they don’t pay for 6 months they can take you to court for selling their property. It’s a pain in the ass. I wouldn’t build one due to the market dominance they have in their local area. You really kinda need capital for it

>> No.25352076

>>25351969
im eurofag

>> No.25352183

>>25352076
Then honestly I have no idea how storage liquidations and facilities work over there, but fun fact: apparently storage was is super popular in Holland and we’ve gotten tourist from there attending our sales

>> No.25352596
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25352596

>>25352183
> be me
> copy storage wars concept for normies
> everyone has a pay in of 10$ (sunken cost fallacy)
> fill 4 containers with stuff worth 90$
> fill 1 container with stuff worth 500$ (they are aware of the prices ranges of containers)
> have normies bid probably bidding roughly 250$ per container in hopes they can make 250$ profit
Is this legal ?

>> No.25352624

>>25352596
Probably fraud

>> No.25353013

>>25352596
The pay in is known as a buyers premium (15% typically).
And though you filling the units is not illegal, normies are not your primary customers, resellers are and they can drop up to $30k in one sale and not think about it, but they won’t for you. They’ll be conservative at your first sale but once they see it’s literally only $500 worth of shit, they won’t come back, also they’ll know you filled it because legally you have to state who owns the units in the legal sale. Once they see it’s owned by the facility, that’s a huge red flag for buyers.

>> No.25353059

>>25353013
legal ad, not sale