GthestrangerRe: OK....Thu Jul 12, 2012 3:17pm126.96.36.1991.As with any business they attempt to collect on moneys they are owed. If the renter wants to make an arrangement, it is up to the renter to do so. The terms of the contract, including what occurs in default situation are avaialble before the renter signs the lease. There are no surprises. If the RENTER wants to make sure communications lines remain open, then the RENTER needs to make sure the contact information they gave the storage unit includes good phone numbers for themselves AND for next of kin (if death is a concern).
>>>>I figured that, my concern is mostly with the families of those who rent units either known to them or unknown to them. Gramps could rent a unit and place valuable family stuff in it and either forget to pay or pass on and the family loses and it seems that would be OK with the storage industry because it is those juicy units that make the auction system work, but Iíd say that has its degree of being unethical.
2. Why don't they just keep the stuff? Because they are businessmen. They are in the business of RENTING STORAGE UNITS for money. They are NOT in the used goods retail business. If they had wanted to be in the used goods retail business, they would have opened that type business. What the business wants to do is empty the unit so that they can RENT it to someone who WILL pay their rent. The auction is what the BUSINESS feels is the best way to return the unit to a rentable status and recoup as much money as posible. Certainly YOU may think that they could make more money at it another way, but the proffessionals who are actually in the business, who actually have done the math disagree with you.
>>>>Yeah well, it wouldnít be the first business that would do well revisiting their business model. I knew a guy in the eighties who touted storage unit businesses as excellent business opportunities with good return for little work. It seems that is the gist of their model but Iím wondering if ethics suffer because of it. I suspect the industry has regulations that we donít know about. They have mentioned that in some states you canít keep the guns or cars found in them. Since the units always seem untouched, Iíd guess they canít go through them and have to auction them. The one show talked about one of the buyer buying a locker of some famous person and supposedly found close to a million dollars worth of stuff in it. If true, one story like that would give storage unit owners pause to reconsider their business model if they could.
3. Some owners DO show up to bid in the real world. But a lot of them are probably pissed off and don't think that they SHOULD have to pay for what they see as their own stuff. Remember that what you are talking about is a TELEVISION SHOW. They only SHOW the units where there is interesting or expensive stuff. The vast majority of units out there probably DO NOT contain items of significant value. The producers of the television show aren't going to bother to make an episode of storage units that contained nothing but boxes of clothing.
>>>>I donít know why they would be pissed except maybe at themselves. They might get their stuff back for less than it would have been to pay off the rent. I get that the shows thrive on the treasure hunting and drama angle but they do actually show buyers getting stuck with worthless units on occasion. Iím wondering what the overall effect on the storage business industry those shows have. I know Iíd be less likely to use them since I seen those shows.
4. There are TWO lock points on a storage unit door. I have rented storage units before. You put your PERSONAL lock on ONE of the locking points on the door. The other locking point is ONLY used when you get behind on rent. SO, what you see on television is this. The storage company has removed THEIR OWN LOCK with their own key. What they are cutting is the RENTER's lock, which the storage company does NOT have a key for. I got forgetful once and forgot to stop by and pay my rent. In the middle of the month, I went to get my quad out, and there was a SECOND lock on the door. I went to the office, paid my rent up, and the staff came out and removed their lock.
>>>>Good information, thanks for that.
- So what about these ďStorage WarsĒ programs? Gthestranger, Wed Jul 11 5:02pmIn the past few years there have been several reality programs on cable about folks who make a living by speculating at storage unit auctions. I find the programs somewhat interesting but something... more
- OK.... Sprout, Thu Jul 12 5:42am1. As with any business they attempt to collect on moneys they are owed. If the renter wants to make an arrangement, it is up to the renter to do so. The terms of the contract, including what occurs... more
- Re: OK.... Gthestranger, Thu Jul 12 3:17pm
- Storage wars phony ChristopherBlackwell, Wed Jul 11 9:12pmGthestranger Like most of the so called reality shows Storage wars is carefully staged. That fact is that few storage units have anything in them that anyone would want to bid on. So you would have... more
- Indeed greenman, Thu Jul 12 5:38pmI assume ALL reality shows are fake, unless I get some solid, objective proof to the contrary. 'Livin' in a plastic land somebody give me a hand...'
- Re: Storage wars phony Gthestranger, Thu Jul 12 3:28pmMy guess is the industry has regulations it must follow but the shows probably are scripted in as much as they mostly only show the juicy units or drama between buyers. They probably film many more... more
- True, that Truthteller, Thu Jul 12 9:53am"Pawn Stars" and most like "Storage Wars" as well take all year to film one season's episodes, so of course it's condensed for the show. I have some books I want to take in next time we go to LV. I'm ... more
- I think it is primarily editing... Sprout, Thu Jul 12 5:44amThe crews hang out at the pawnshop and film lots of stuff. But only a tiny percentage of it is worth filming. The storage unit buyers buy HUNDREDS of units, and only a FEW are worth making a show on. ... more
- Cheaply-made 'docudramas'.. Tinfoil, Wed Jul 11 5:53pmThey've flooded cable/satelitte tv channels. Same plot every time. Group of hillbilly inbreds get together and act stupid,as would be expected. There's really no plot other than that. American... more
- I'm sure a show about.... Gthestranger, Wed Jul 11 6:00pm...BBS posters would do well. G
- Very interesting questions greenman, Wed Jul 11 5:26pmMy own short take on it is that ALL reality shows are fake, that we can't really know what's going on here, and that people like anything remotely resembling treasure-hunting whether its these shows, ... more
- Good point about treasure hunting. Gthestranger, Wed Jul 11 5:57pmStorage Wars type programs are OK, I like the Alaskan gold miners, the Deadliest Catch and Pickers too. When I heard how much the gold miner's each netted I was like, thats not worth the aggravation. ... more
- I am fond of... Truthteller, Wed Jul 11 6:50pm"Swamp People." Now THOSE folks really work for their living! I believe tomorrow is the season ender. I'm also a big fan of "Pawn Stars" and have actually been to their pawn shop in Vegas and met 3... more
- I'll admit I kinda like 'Pawn Stars' greenman, Thu Jul 12 5:40pm...mostly because of the old man, and the crazy shit people bring in. OVer and over I ask, 'WHY would you take that to a PAWN SHOP?' Anybody ever hear of E-bay, auctions, etc? :)
- Sometimes I do too Truthteller, Fri Jul 13 9:26ambut, as Rick often points out, auctions are expensive and you really can't get what something is worth on Ebay. And Pawn Stars often gives fair prices on some items.
- Never saw Swamp People. Gthestranger, Wed Jul 11 7:08pmThe guys from Pawn Stars seem the most ethical of the pawn shows. I've seen where they gave more than the person asked because they knew the item was worth more...but then that may have been for... more
- They mail notices... Truthteller, Thu Jul 12 9:50amof overdue payments. Of course, when you rent a unit, you sign a contract that gives them permission to seize the unit after so many missed payments. It's usually up to the storage company to... more
- Paris is wealthy Gthestranger, Thu Jul 12 3:38pmHow would you feel about making money on an average persons misfortune? I don't mean to put you on the spot but this is some the stuff I'm getting at. The last few years have been hard on a lot of... more
- I HAVE made money... Truthteller, Fri Jul 13 9:24amfrom stuff I've bought at storage auctions. It's not my problem if the owners of the units want to make money selling stuff belonging to people who won't pay their storage rental fee.
Religion and Ethics BBS