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One of the most popular television show on A&E is the reality series “Storage Wars.”
Is it real or fake?
The show “follows an eclectic group of modern day treasure hunters who earn their living attending public auctions of the contents of abandoned storage lockers in the hopes of finding buried treasure in those lockers, which they can then resell for a profit,” according to the lawsuit filed by David Hester.
In the lawsuit, filed in a Los Angeles Superior Court, Hester accuses A&E of committing fraud on the public, and unlawfully firing him when he complained about the show’s practices.
Whether the TV show is real or fake, it is the owners’ right to sell storage contents to satisfy back rent is real in most states. In fact, the Texas Self Storage Association posts upcoming auction sites at www.txssa.org/auctions. And Texas treasure hunters do follow its postings.
Are some treasures found at these auctions? Yes, sometimes. One owner said someone bought a deceased ladies storage contents to find 4 Republic of Texas notes inside her Bible. Apparently, no one in the family had opened her Bible. The happy buyer had them authenticated and resold them for $500 each. Not bad for a $125 investment.
Another antique/ junk dealer bought the contents of a locker because he could see antique wooden boxes stacked up from floor to ceiling containing what he hopped were valuable antique toys. He did not share what he found.
While the owners of self-storage property have the right to sell storage locker contents for unpaid rents, generally 60 days late, it is never their desire. Owners would much rather have the tenant pay at least a good portion of the rent and move the property out than auction off personal property.
For more great news and training on self-storage, opt in for “Get 9 Little Known Secrets ForSteady Real Estate Income Free” at www.self-storageinsider.com.
Until next time this is Bill Moist, Self-Storage Buyer, let the treasure hunting continue.