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Ever wondered what it's really like buying one of those

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abandoned storage units?

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Oh yeah.

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You know, like you see on those storage war shows.

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Yeah, where they're finding all kinds of crazy stuff.

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Exactly, like hidden treasures left and right.

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Right.

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Well, we decided to do a deep dive to get a reality check.

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A reality check.

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Yeah, and we found this awesome YouTube video

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by Stevie Sells.

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Okay.

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He's a pretty seasoned reseller, you know.

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Usually he sticks to thrift stores and online arbitrage.

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Oh.

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And they're getting tons of requests from his viewers.

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Oh, so the people wanted it.

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Yeah, they wanted it.

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He finally took the plunge into his storage unit, flipping.

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Interesting.

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So like those shows make it seem so exciting.

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Yeah, they definitely romanticize it.

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They romanticize the whole property.

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But Stevie learned pretty quickly that it's...

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It's a lot different.

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A lot different in real life.

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Yeah.

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Yeah, so like for starters,

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it's not all like dramatic in-person auctions anymore.

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Oh, really?

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Stevie actually found and bid on a unit online.

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Online.

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Through a website called Storage Treasures.

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So that's a big shift, right?

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It's a huge shift, right.

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Moving those auctions online definitely changes the dynamics.

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Yeah, for sure.

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So Stevie said he learned how to spot

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potentially valuable units.

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Okay.

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Just by looking at the photos and descriptions online.

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Oh, wow.

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And he ended up bidding on one that seemed really promising.

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Okay, what was in it?

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Lots of boxes, furniture.

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Even a glimpse of what looked like a safe.

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Ooh, a safe.

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I know, right?

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So he snagged it for $780.

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Oh, bad.

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But then the website tacked on like an extra $100 fee.

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Oh, so those extra fees are something to watch out for.

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Totally, and that's not all.

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What else?

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The website had this whole bidding timer thing.

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Okay.

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That would reset every time someone placed a bid.

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Oh, wow.

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Stevie said it was super frustrating.

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I bet.

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But he got caught up in the heat of the moment.

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Oh, yeah, FOMO.

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Total FOMO, right.

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And ended up paying more than he initially planned.

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Yeah, those platforms, they know what they're doing.

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They know how to play us.

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They're playing on our psychology, you know.

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Yeah, like our fear of missing out.

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Exactly.

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But, you know, beyond all the technical stuff,

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like the website and the bidding,

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Stevie encountered this unexpected emotional element.

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Oh, really?

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He went in thinking about, you know, potential profits.

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Right.

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But he wasn't prepared for the weight of knowing.

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Know what?

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That he was basically dealing

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with someone else's lost belongings.

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That's gotta be tough.

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It's heavy, right?

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Yeah, realizing that all that stuff represents

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someone's life.

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Their memories.

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Yeah.

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Probably had to get auctioned off

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because they just couldn't afford to keep it.

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Yeah, it's a tough situation.

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It is.

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He actually talked to the storage facility manager.

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Oh, wow.

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Just to kind of understand the process a little better.

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Makes sense.

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And the manager explained that they try everything.

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Like what?

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To contact tenants

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before resorting to auctioning off a unit.

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So they don't want to just kick people out?

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No, they try emails, calls, letters.

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Yeah.

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But sometimes it's just unavoidable.

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Wow, it really highlights the complexities

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of the second hand market.

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Yeah.

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This whole ecosystem of goods circulating.

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Right.

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Driven by necessity changing trends

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and just sometimes plain misfortune.

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Absolutely.

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And grappling with all those complexities,

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Stevie ultimately decided.

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Decided what?

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To donate all the profits

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from selling the unit's contents to charity.

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Wow, that's powerful.

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Right.

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He just couldn't bring himself to profit

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from someone else's tough situation.

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Yeah, that says a lot about his character.

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It really does.

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It shows that there's more to this business

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than just.

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Than just making a quick buck.

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Exactly.

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So now to the exciting part.

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What does he find?

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What did he actually find in the unit?

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Yeah.

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It was a real mixed bag.

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What?

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Clothes, kitchenware, even a fur coat.

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Okay.

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And some vintage electronics.

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Sounds like a real treasure trove.

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Right.

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There was even a locked box.

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A lock box.

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Uh-huh.

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A fancy rag and bone purse.

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A Nintendo DS Lite.

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Oh, wow.

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With 30 games, a pioneer fire TV, and wait for it.

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What?

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Not one, but two safes.

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Two safes, two safes.

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Wow.

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Talk about adding like a whole other layer of mystery.

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Right.

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It's like those reality shows all over again.

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But this time it's like Stevie's own personal treasure hunt.

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Yeah.

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But before we get to the whole safe-cracking drama.

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Okay.

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Let's talk about some of the other cool stuff

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he found in the unit.

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Okay.

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He probably like gave this whole rundown

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of the estimated values of everything.

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Oh, cool.

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And it's really interesting to see like what's hot

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in the second hand market right now.

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Yeah, like a little mini lesson in reselling.

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Totally.

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So like, for example, he found this Nintendo DS Lite.

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Okay.

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With 30 games.

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Wow.

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And he figures he could probably sell that

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for at least 60 to 80 dollars.

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Not bad.

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Maybe even more.

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Because it came with so many games.

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Yeah, bundling is always a good strategy.

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Right.

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Makes it more appealing to buyers.

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Exactly.

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Then there was this Pioneer Fire TV.

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Okay.

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Still brand new in the box.

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Nice.

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He estimated he could sell that for around $200.

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Wow.

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Even like undercutting big retailers

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to offer someone a good deal.

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Smart move.

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Right.

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Gotta be competitive.

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Yeah.

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Okay.

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And then there were tools.

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Tools, huh?

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Like a Husky Ratchet.

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A Pex pipe cutter.

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Even a specialized hammer.

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People always need tools.

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Always, right?

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And those were all estimated to be worth anywhere

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from like 20 to 80 dollars each.

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Not bad.

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So, yeah.

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Seems like there's always a demand for quality tools.

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For sure.

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Even if they're pre-owned.

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Okay.

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But you ready for this?

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What?

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He also found a solid brass elephant phone.

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What an elephant phone?

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Like a full-on elephant shaped phone.

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Oh my gosh.

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I have no idea what that's worth.

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I don't even know what that is.

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I know, right?

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But you know, someone out there is collecting those.

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Someone has to be right.

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Right.

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It's those unique and quirky items

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that can really surprise you in terms of value.

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Yeah, for sure.

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What might seem like junk to one person.

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Could be a treasure to someone else.

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Exactly, like a collector's dream.

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So, speaking of things that like hold their value.

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Yeah.

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He also found this really nice Wilson's Leather Jacket.

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Oh, cool.

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And that fancy rag and bone purse we talked about earlier.

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Yeah.

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Brand names definitely make a difference

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in the resale world.

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Big time people are willing to pay a premium

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for those recognizable brands.

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Yeah, even if they're buying secondhand.

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It's like you're buying a piece of that brand story, you know?

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Totally.

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Oh, and he also found a Scarface VHS tape.

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Scarface.

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I know, probably not worth much.

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Yeah, but it's a classic.

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But it's a classic.

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Yeah, total 80s nostalgia.

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It's funny how something like an old VHS tape

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can suddenly feel like a valuable artifact.

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Totally, it's all about context.

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Okay, but before we dive into the safes.

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Yeah.

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Can we just like circle back to the online bidding process

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for a second?

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Sure.

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Did you make that Stevie was talking about?

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The one that kept resetting.

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Yeah, every time someone bid, it really got to him.

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Oh yeah, I bet it's like designed to make you spend more.

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Right, it's like a virtual auctioneer.

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Yeah.

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Yeah, whipping up the excitement.

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Creating a sense of urgency.

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Totally.

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But in this case, it's an algorithm doing all the work.

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Technology has really changed the auction game.

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It really has made it more accessible.

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But also introduced new ways of influencing how people buy.

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So it's just something to be aware of,

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you know, when you're bidding online.

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Definitely don't get so caught up in the moment

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that you overspend.

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Exactly, have a strategy and stick to your budget.

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For sure.

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All right, so back to those safes.

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Yes, the moment we've all been waiting for.

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Remember Stevie was super excited about

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like the potential for hidden treasure?

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Yeah, who wouldn't be?

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And he tried everything to get them open.

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Like what?

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Nail clippers, a screwdriver, even a crowbar.

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Wow, he was determined.

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He was not giving up.

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So what did he find?

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Stacks of cash, rare jewels, lost family heirlooms.

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Well, you might be disappointed to hear.

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Oh, no.

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There was a bit of an anti-climax.

284
00:07:48,280 --> 00:07:49,120
What was in there?

285
00:07:49,120 --> 00:07:51,680
Both safes were full of paperwork and personal items.

286
00:07:51,680 --> 00:07:53,440
Oh man, no hidden riches.

287
00:07:53,440 --> 00:07:54,800
No hidden riches, unfortunately.

288
00:07:54,800 --> 00:07:56,480
That's too bad, but sometimes a real treasure

289
00:07:56,480 --> 00:07:57,600
is the journey, right?

290
00:07:57,600 --> 00:07:58,920
So true.

291
00:07:58,920 --> 00:08:01,120
And even though the safes were a bust,

292
00:08:01,120 --> 00:08:03,720
Stevie still made a decent profit from the unit.

293
00:08:03,720 --> 00:08:04,920
Oh, okay, how much?

294
00:08:04,920 --> 00:08:06,680
After factoring in like the unit price,

295
00:08:06,680 --> 00:08:09,440
the U-hole rental and estimated selling fees,

296
00:08:09,440 --> 00:08:13,000
he figured he'd clear somewhere between $300 to $500.

297
00:08:13,000 --> 00:08:16,480
Not bad, especially for a first time storage unit flipper.

298
00:08:16,480 --> 00:08:17,840
Right.

299
00:08:17,840 --> 00:08:19,960
But I'm curious, what was his overall verdict

300
00:08:19,960 --> 00:08:21,400
on the experience?

301
00:08:21,400 --> 00:08:23,240
Yeah, like would he do it again?

302
00:08:23,240 --> 00:08:25,080
Well, he admitted it was a lot of work.

303
00:08:25,080 --> 00:08:25,920
Yeah, I bet.

304
00:08:25,920 --> 00:08:29,800
And the emotional side of it really caught him off guard.

305
00:08:29,800 --> 00:08:32,160
I can see how that would be tough, you know?

306
00:08:32,160 --> 00:08:34,080
Yeah, sorting through someone else's belongings.

307
00:08:34,080 --> 00:08:35,840
Yeah, it's got a way on you.

308
00:08:35,840 --> 00:08:38,160
And he said he wouldn't personally do it again.

309
00:08:38,160 --> 00:08:39,280
It's not for everyone.

310
00:08:39,280 --> 00:08:42,960
But he did say that it could be a viable business

311
00:08:42,960 --> 00:08:44,480
for certain resellers.

312
00:08:44,480 --> 00:08:45,280
Like who?

313
00:08:45,280 --> 00:08:47,040
Especially those who have storefronts

314
00:08:47,040 --> 00:08:48,920
and need to keep their inventory fresh.

315
00:08:48,920 --> 00:08:49,760
That makes sense.

316
00:08:49,760 --> 00:08:51,680
You'd have the space to sort through everything.

317
00:08:51,680 --> 00:08:52,480
Exactly.

318
00:08:52,480 --> 00:08:54,400
And a way to reach a lot of buyers.

319
00:08:54,400 --> 00:08:57,720
So those storage units could be a goldmine of inventory.

320
00:08:57,720 --> 00:08:58,720
Right.

321
00:08:58,720 --> 00:09:00,320
It all comes down to your personal preferences

322
00:09:00,320 --> 00:09:01,120
and business model.

323
00:09:01,120 --> 00:09:01,840
Yeah, for sure.

324
00:09:01,840 --> 00:09:04,440
But regardless of whether you'd ever actually

325
00:09:04,440 --> 00:09:06,160
buy a storage unit,

326
00:09:06,160 --> 00:09:08,560
Stevie's video gives you a really fascinating peak

327
00:09:08,560 --> 00:09:10,920
behind the curtain of this whole industry.

328
00:09:10,920 --> 00:09:11,400
Definitely.

329
00:09:11,400 --> 00:09:14,200
It's a reminder that there are so many different ways

330
00:09:14,200 --> 00:09:15,240
to make a living.

331
00:09:15,240 --> 00:09:18,520
And each one comes with its own challenges and rewards.

332
00:09:18,520 --> 00:09:21,200
And sometimes the most valuable lessons

333
00:09:21,200 --> 00:09:22,760
come from trying something new.

334
00:09:22,760 --> 00:09:23,520
Absolutely.

335
00:09:23,520 --> 00:09:25,920
Even if it's not something you end up pursuing long term.

336
00:09:25,920 --> 00:09:27,960
It's all about expanding your horizons,

337
00:09:27,960 --> 00:09:29,800
gaining new perspectives.

338
00:09:29,800 --> 00:09:31,400
You know, it's interesting thinking back

339
00:09:31,400 --> 00:09:33,200
on Stevie's whole experience.

340
00:09:33,200 --> 00:09:37,320
From like that initial excitement of bidding on the unit

341
00:09:37,320 --> 00:09:39,880
to the reality of actually having to go through everything.

342
00:09:39,880 --> 00:09:42,160
Yeah, like sorting through someone else's belongings.

343
00:09:42,160 --> 00:09:42,640
Exactly.

344
00:09:42,640 --> 00:09:44,240
It's like two different worlds colliding.

345
00:09:44,240 --> 00:09:44,960
It really is.

346
00:09:44,960 --> 00:09:49,360
On one hand, you have this whole gamified bidding process,

347
00:09:49,360 --> 00:09:49,920
you know?

348
00:09:49,920 --> 00:09:50,240
Yeah.

349
00:09:50,240 --> 00:09:51,880
With the timers and the competition.

350
00:09:51,880 --> 00:09:53,800
All designed to get your adrenaline pumping.

351
00:09:53,800 --> 00:09:54,760
Exactly.

352
00:09:54,760 --> 00:09:57,920
But then you're hit with the very real human element

353
00:09:57,920 --> 00:09:58,800
of what's inside.

354
00:09:58,800 --> 00:09:59,320
Yeah.

355
00:09:59,320 --> 00:10:03,600
It's a good reminder that those reality TV shows don't always

356
00:10:03,600 --> 00:10:04,640
show you the full picture.

357
00:10:04,640 --> 00:10:05,040
Right.

358
00:10:05,040 --> 00:10:08,040
They focus on the drama and the big payouts.

359
00:10:08,040 --> 00:10:11,480
But they kind of gloss over those more nuanced aspects.

360
00:10:11,480 --> 00:10:14,160
Like the fact that these are someone's cherished possessions.

361
00:10:14,160 --> 00:10:16,440
Things they had to part with for whatever reason.

362
00:10:16,440 --> 00:10:17,120
Exactly.

363
00:10:17,120 --> 00:10:19,360
And that's something Stevie's video really captures.

364
00:10:19,360 --> 00:10:19,880
Yeah.

365
00:10:19,880 --> 00:10:22,120
It's not just about the thrill of the hunt.

366
00:10:22,120 --> 00:10:22,640
You know?

367
00:10:22,640 --> 00:10:26,040
It's about the stories behind those abandoned belongings.

368
00:10:26,040 --> 00:10:28,920
It's a reminder that every item has a history.

369
00:10:28,920 --> 00:10:32,200
And sometimes that history is more valuable than the item

370
00:10:32,200 --> 00:10:33,360
itself.

371
00:10:33,360 --> 00:10:34,160
I like that.

372
00:10:34,160 --> 00:10:36,400
So even though Stevie ultimately decided

373
00:10:36,400 --> 00:10:39,600
that storage unit flipping wasn't for him.

374
00:10:39,600 --> 00:10:40,400
Yeah.

375
00:10:40,400 --> 00:10:42,240
He did offer some good insights for people

376
00:10:42,240 --> 00:10:43,520
who might be considering it.

377
00:10:43,520 --> 00:10:45,040
Like what kind of insights?

378
00:10:45,040 --> 00:10:48,280
Well, he really emphasized having a clear strategy.

379
00:10:48,280 --> 00:10:48,920
OK.

380
00:10:48,920 --> 00:10:51,400
Knowing your market and being prepared

381
00:10:51,400 --> 00:10:53,240
for that emotional side of things.

382
00:10:53,240 --> 00:10:53,920
That makes sense.

383
00:10:53,920 --> 00:10:56,360
And it sounds like knowing the resale market is super important.

384
00:10:56,360 --> 00:10:57,040
Oh, absolutely.

385
00:10:57,040 --> 00:10:59,440
You got to know what sells, what doesn't, and how to price things.

386
00:10:59,440 --> 00:10:59,680
Right.

387
00:10:59,680 --> 00:11:01,240
And you got to be resourceful.

388
00:11:01,240 --> 00:11:01,720
For a high.

389
00:11:01,720 --> 00:11:04,840
You know, find ways to maximize the value of your fines.

390
00:11:04,840 --> 00:11:06,760
Remember that bundling strategy we talked about?

391
00:11:06,760 --> 00:11:07,320
Oh, yeah.

392
00:11:07,320 --> 00:11:08,320
That's key.

393
00:11:08,320 --> 00:11:09,040
Exactly.

394
00:11:09,040 --> 00:11:11,000
And don't forget about those niche markets.

395
00:11:11,000 --> 00:11:11,280
Yeah.

396
00:11:11,280 --> 00:11:14,280
Sometimes the most unexpected things can be worth a lot.

397
00:11:14,280 --> 00:11:15,440
Like that elephant phone.

398
00:11:15,440 --> 00:11:16,680
Right.

399
00:11:16,680 --> 00:11:17,440
You never know.

400
00:11:17,440 --> 00:11:18,400
So to wrap things up.

401
00:11:18,400 --> 00:11:18,840
Yeah.

402
00:11:18,840 --> 00:11:23,880
Stevie's storage unit adventure was definitely a roller coaster.

403
00:11:23,880 --> 00:11:24,800
Sounds like it.

404
00:11:24,800 --> 00:11:27,560
Full of emotions, unexpected discoveries,

405
00:11:27,560 --> 00:11:28,880
and valuable lessons.

406
00:11:28,880 --> 00:11:32,760
It really gives you a new perspective on the world of secondhand goods.

407
00:11:32,760 --> 00:11:33,040
Yeah.

408
00:11:33,040 --> 00:11:34,560
And the people who make a living from them.

409
00:11:34,560 --> 00:11:35,240
For sure.

410
00:11:35,240 --> 00:11:37,320
And it raises some interesting questions

411
00:11:37,320 --> 00:11:39,160
about our own relationship with stuff.

412
00:11:39,160 --> 00:11:39,600
Yeah.

413
00:11:39,600 --> 00:11:41,160
Like all the things we accumulate.

414
00:11:41,160 --> 00:11:43,200
And the stories those things tell.

415
00:11:43,200 --> 00:11:45,160
I know we've been talking about Stevie's experience.

416
00:11:45,160 --> 00:11:45,720
Yeah.

417
00:11:45,720 --> 00:11:47,160
But like, what about you?

418
00:11:47,160 --> 00:11:47,520
Yeah.

419
00:11:47,520 --> 00:11:52,000
If you were in his shoes, what would you have done with the profits?

420
00:11:52,000 --> 00:11:53,120
Oh, that's a tough one.

421
00:11:53,120 --> 00:11:57,240
Would you have donated them like he did or kept them for yourself?

422
00:11:57,240 --> 00:11:59,000
It really makes you think about your own values.

423
00:11:59,000 --> 00:11:59,640
Yeah.

424
00:11:59,640 --> 00:12:01,360
How they influence your decisions.

425
00:12:01,360 --> 00:12:03,280
And it shows that even in business,

426
00:12:03,280 --> 00:12:05,400
there's always room for compassion.

427
00:12:05,400 --> 00:12:06,720
Absolutely well said.

428
00:12:06,720 --> 00:12:10,480
So that brings our deep dive into the world of storage unit flipping

429
00:12:10,480 --> 00:12:11,280
to a close.

430
00:12:11,280 --> 00:12:11,840
Wow.

431
00:12:11,840 --> 00:12:13,120
What a journey.

432
00:12:13,120 --> 00:12:14,640
Thanks for joining us.

433
00:12:14,640 --> 00:12:16,960
We'll be back next time with another fascinating topic.

434
00:12:16,960 --> 00:12:18,040
Can't wait.

435
00:12:18,040 --> 00:12:28,800
Ready to uncover more hidden gems of knowledge and insight.