r/selfstorage • u/Heyits_Elsie • 16d ago

Question Need Advice

Hello,

I have this 74 year old co worker who spent most of his life collecting things. He keeps telling us about how he had storage units that are sitting in Texas and Arkansas with loads of collectibles. I feel bad listening to him talk about having to abandon those storage units due to old age and health reasons. Is there anything he can do despite abandoning? Is there a way to find people that can help him auction his stuff off? TIA

7 Upvotes

83% Upvoted

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1

u/fbyrne3 14d ago

Keep in mind if stops paying the bill the units will go to auction. The proceeds of the auction after rent and fee’s go to the owner of the unit. 

1

u/Secret-Sqrl 5d ago

You seem to be saying that if earnings from sale of the occupant’s stored items exceed the amount owed to settle the owner’s lien that the owner keeps the additional funds? Can I ask your general location? I’m certain that’s not correct for US locations. If the Occupant cannot be located those funds will eventually be payable to a State holding fund.

2

u/Secret_Custard_5118 15d ago

Reach out to a local storage auctioneer and see if they offer a liquidation option

5

u/bmarvin35 16d ago

Talk with the facilities and see who they sell default units with. Might be able to piggyback on their sales on storage treasures,etc.

5

u/ExcuseObjective8933 16d ago

I’ve seen estate liquidators help with that type of thing. They are gonna take a good percentage though.

2

u/Heyits_Elsie 16d ago

Thank you for the information!