Self-Storage Auctions on the Rise in Florida

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On the Treasure Coast of Florida, self-storage auctions are on the rise, and while participants hope to find treasure, they usually find trash.
 
Local auctioneers and self-storage operators say they’re seeing more customers abandon their units due to the poor economy. Melissa Layton, manager of U-Store-It in Stuart, Fla., told Stuart News that customers simply can’t afford their storage anymore.
 
Auctioneer Jerry Mahaffey said more people are attending self-storage auctions, and the volume of goods sold through these sales has increased. On the Treasure Coast, there are 15 to 20 people who regularly attend these sales, with more in Orlando and South Florida.
 
June Nash of Storage Protection Auction Services, which holds auctions at 81 different self-storage facilities each month, said the self-storage industry has held steady.
 
Jimbo Watford of Okeechobee, who participated in an auction at U-Store-It last week, has been attending storage auctions for 14 years. He estimates that about 90 percent of what he finds in the units he wins is trash.
 
Source: Stuart News, Someone’s trash is gold for others on Treasure Coast

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