Are You Making These 6 Mistakes At Storage Auctions

By
Commercial Real Estate Agent

This was a blog post I was interviewed for last year.  

The idea of winning treasures at storage auctions is tantalizing.

While participating in a storage auction is not necessarily complicated, there is much to be learned about the process to stand a chance of scoring those treasures, especially when it comes to bidding.

“This is a very labor-intensive business with a decent amount of risk,” said auctioneer Richard Kruse, owner of Gryphon Auction Group in Columbus, OH.

See the whole thing at the authors blog link below.

http://blog.sparefoot.com/7396-storage-auctions-mistakes/  

Posted by

Richard Kruse, Managing Director

Gryphon Parker, LLC

Sperry Van Ness Ohio / Gryphon Parker

Parker Kruse Asset Management

Gryphon Auction Group

90 Northwoods Blvd., Columbus, OH 43235

Phone 614.774.4118

 

rfk@svn.com I www.svngp.com I www.svn.com I www.svnauctions.com

 

About Richard Kruse

 

Mr. Kruse began his real estate career full time in Virginia in 1997.  Over the past 17 years, he has conducted real estate and equipment sales across the country.  In August of 2003, Mr. Kruse, in partnership with his wife Melissa, opened Gryphon Asset Advisors, the predecessor to Gryphon USA., Ltd.  In June of 2014, Kruse and Shawn Parker formed Sperry Van Ness Gryphon Parker Commercial Realty and Parker Kruse Asset Management.  Prior to July, Kruse and Parker were each others largest competitor.

 

In addition to sitting on the Ohio Auctioneers Commission, Mr. Kruse leads Sperry Van Ness Auction Services efforts in the State of Ohio, teaches at the Ohio Auction School and is regularly consulted as an expert in auctions and distressed assets by Columbus Business First and the Columbus Dispatch.  He is an active member CenterPoint Church and lives with his wife, Melissa, and daughter, Savannah, in North Columbus. 

 

About Gryphon Parker, LLC

 

 

Gryphon Parker, LLC is a multi-faceted group of companies operating under the names Parker Kruse Asset Management, Sperry Van Ness Gryphon Parker, Gryphon Auction Group & Parker Realty. The entities providing distressed asset management, real estate brokerage, management, leasing and auction services throughout the State of Ohio. The SVN Gryphon Parker Special Assets Group, working closely with Parker Kruse Asset Management, advises financial institutions, borrowers and the Courts on troubled asset administration throughout the United States.

Comments (2)

Andrew Scherer
Approved Mortgage Group - Doylestown, PA
Real Estate Representation At It's Finest

Honestly, I've never been to a storage auction and have always been curious since the entire Storage Wars show came  around.  lol

Mar 03, 2015 12:43 AM
Richard Kruse
Columbus, OH

They are fun and profitable if you are conservative.  Good luck with  them.

 

Mar 03, 2015 02:07 AM