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Thread: Default Tenant Who Wants to Show up at His Own Auction

  1. #1
    Dan123 is offline Junior Member
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    Default Default Tenant Who Wants to Show up at His Own Auction

    We have a tenant who has defaulted from day one and his balance is about $800. It is clear that he intends to show up or send someone to his own auction so he can buy his belongings for less than what he owes on his unit. This does not seem right and I am wondering if he is entitled to do this regardless or if there is some rule prohibiting this which I should present to him.

  2. #2
    Reebee's Avatar
    Reebee is offline Senior Member
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    Default Re: Default Tenant Who Wants to Show up at His Own Auction

    In California, they are allowed to bid on their own units. But, I am also allowed to let my auctioneer know they are there and he lets the other bidders know this too. Most of the time, the tenant ends up paying at least what he owes or more!! (Love my regulars!!)
    Have you ever stopped to think and forgotten to start again?

  3. #3
    Advantage IT's Avatar
    Advantage IT is offline Senior Member
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    Default Re: Default Tenant Who Wants to Show up at His Own Auction

    Let your auctioneer know. Most auctioneers will ignore them for their unit or bid up the unit for you.
    FHARumRunner likes this.
    Customer Service always wins out

  4. #4
    MZC&D is offline Senior Member
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    Default Re: Default Tenant Who Wants to Show up at His Own Auction

    I think here in ohio, I would have to check to make sure, but I think the owner or his reps are able to bid on and buy units. For a situation like this I could buy the unit or bid it up too $800 and then we would get our money.

  5. #5
    dakselfstorage's Avatar
    dakselfstorage is offline Senior Member
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    Default Re: Default Tenant Who Wants to Show up at His Own Auction

    Quote Originally Posted by MZC&D View Post
    I think here in ohio, I would have to check to make sure, but I think the owner or his reps are able to bid on and buy units. For a situation like this I could buy the unit or bid it up too $800 and then we would get our money.
    That is what I would do.
    Billings Storage likes this.
    Joe Krezdorn
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  6. #6
    Lisa T's Avatar
    Lisa T is offline Senior Member
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    Default Re: Default Tenant Who Wants to Show up at His Own Auction

    or just tip off a couple of bidders that the tenant may be showing up for the auction...they will immediately think there is something valuable in the unit and will bid it up for you.

  7. #7
    SSIreader is offline Junior Member
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    Default Re: Default Tenant Who Wants to Show up at His Own Auction

    In my state they still owe the balance if the sale does not satisfy the debt. Let him know the balance is sent to collections and is reported to all 3 major credit bureaus.
    rich-pms likes this.

  8. #8
    teesee150 is offline Senior Member
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    Default Re: Default Tenant Who Wants to Show up at His Own Auction

    When that has happened here, the owner or someone we know will bid the unit up to the amount past due.

 

 
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