Self Storage Explained: Auctions, Automation and More With iBidOnStorage

In this episode, we’re thrilled to welcome Grant Daniel from iBidOnStorage, the platform that offers a simple and straightforward mechanism to sell abandoned storage contents, while mitigating the industry risk at the point of sale. Together, we dive into the world of storage auctions, exploring how automation is transforming the industry, the powerful role of software, and what the future holds for self storage. Takeaways - How auctions are evolving in the digital era - The benefits of automation for storage operators - Game-changing tech trends shaping self-storage - Predictions for the future of the industry Chapters 00:00 Welcome 00:45 iBidOnStorage introduction 05:22 What is self storage auction? 08:21 Auction stories from Grant 09:25 How do self storage operators get into auctions for those who have abandoned storage unit 09:49 Background and future of iBidOnStorage 13:34 Buying a facility in Belfast 15:55 Grant discusses his first fully remote site 16:47 How to market your site 18:35 Handling move ins at a fully automated site 20:51 Changes and trends over the last 9 years 22:53 Future changes in the industry 24:02 Automation, software and remotely managed sites 26:07 Breaking down language barriers 26:48 How to get started in self storage 29:37 Bookings and pricing debate 33:51 Follow-up process + tips 39:16 Pricing against the competition 42:04 Trends for the future