Introduction…In the last issue No. 68 of Self-Storage Insider, we discussed how Governor Greg Abbot signed Senate Bill 952 into law May 28, 2017. Self-storage online auctions rules are now clarified. The Texas Self-Storage Association (TSSA) promoted this bill so that online auctions could be codified into Texas Property Statute so there is no question they are allowed.
Why this change is significant…For those who love collectibles and antiques, the TSSA has a listing of upcoming online auctions where you can participate. Here’s the link www.txssa.org/auctions. On this link are listed 366 storage units’ content that is up for auction. The property managers are discovering they are getting a better price for items sold and it takes less time as a third-party auctioneer handles the sale.
Where are the storage units’ content being sold?… This us the cool part of the auction process. From the comforts of your home, you could bid on storage units located in the following Texas cities:
- Arlington Houston Garland Frisco Galveston Dallas
- New Braunfels Carrollton Fort Worth Austin Round Rock
- Temple Tyler Waco McKinney Kilgore San Antonio Katy
- El Pasco Spring Tomball College Station Copperas Cove
- Mansfield Lewisville Bryan McKinney Little Elm Georgetown
- Kyle La Feria Harlingen San Benito Mission Pharr Edinburg
- McAllen Mission Desoto Temple Texarkana Prosper
In conclusion…One self-storage owner said he auctioned off the items in one storage unit that belonged to an older lady who passed. The purchaser found four original Republic of Texas Notes that he sold for $2,400. Who knows what treasures may lie in these auctioned storage units’ content. But, at least now everyone has a chance to participate.