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Where Are All the Bidders? Self-Storage Operators Discuss a Slowdown in Online Auctions
March 7, 2023
1 Min Read
Many self-storage operators are opting for online vs. live auctions these days, often with great success. But what happens when the pool of bidders happens to runs dry? Many state statutes require that a lien sale be “commercially reasonable,” but that can sometimes be hard to deliver, as we’re hearing in this recent thread on the Self-Storage Talk online community. Members are discussing what they do when their online sales activity is slow or the bids are painfully low, including ways to entice more potential buyers. Jump into the conversation to add your own experience and advice.
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