How to Make Money Cleaning Out a Storage Rental

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Making money cleaning out a storage rental is all about making an inventory spreadsheet in a program like Excel. Make money cleaning out a storage rental with help from an experienced business professional in this free video clip.

Part of the Video Series: Business Advice
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Video Transcript

Hi, I'm Latoya Lo, and today I'm gonna talk to you about how to make money cleaning out your storage rental. First, I would go through the items and create an inventory in an Excel spreadsheet. Once you do that, figure out what was the price that you paid to get that item, and then figure out what the going rate is for the item now. Everything depreciates in value unless you bought a Rolex. Once you do that, then you can figure out what you want to sell it for, and make sure it's not over what the going rate is, because then people are not gonna buy the item from you, they're gonna but it from somebody else. Also, you can hold a garage sale or a yard sale, but make sure to check with your city in regards to what the requirements are to hold something like that. You ca also sell your items online, but many of the online platforms has fees, such as eBay and PayPal. You want to make sure that your fees are not outweighing what your making from the items that your selling in the storage unit.


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