- 1). Research your state laws regarding the sale of delinquent or foreclosed storage units. State laws vary with regard to how the sale must be advertised and what access you may have to the contents prior to the sale. State statutes can be found online, at a local library or at a law school library.
- 2). Locate auctions being conducted in your area. Start by looking in the local newspaper, as most states require the sale of a storage unit to be published. Auction companies are also a good source, as they are usually employed to actually conduct the auction.
- 3). Contact the owner of the storage unit prior to the auction to ascertain the rules of the auction. Ask whether you are allowed to view any of the contents ahead of time and what the terms of payment are if you are the winner.
- 4). Arrive early for the auction. You may be required to register before you are allowed to bid. In addition, although you may not be able to enter the unit, you may be able to view the contents from outside the unit, which may give you some idea what is stored inside.
- 5). Bid on the unit. If you are the highest bidder, the contents are yours. Arrange for payment and removal of the items once you have successfully won the auction.
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