• Save on Income Taxes
    Self-storage owners can reduce federal and sometimes state income taxes through proper depreciation techniques, using the savings to improve existing properties, pay down debt or finance additional investments. Cost segregation is an IRS-approved depreciation approach ...More
    March 1, 2007 Larry Brewster Posted in Articles, Finance
    Would your facility be able to take a half-million-dollar lawsuit hit? Lawyers specializing in the self-storage industry agree that the legal framework for any operation begins with the rental agreement. Although that’s not news to most owners, many fail to review their ...More
    March 1, 2007 Posted in Articles
  • Background Checks
    One of the most cost-effective ways to limit risk is by reducing criminal activity among tenants and employees through effective background screening. As the owner of a multimillion-dollar facility, would you blindly hand over the keys to strangers without wanting to know ...More
    March 1, 2007 Lori Murphy Posted in Articles
    Every business is concerned about liability in our litigious society. If you provide records-storage services, you can help protect yourself from lawsuits by following a clear set of rules. Since I’m not a lawyer nor do I play one on TV, I’ll approach this subject with some ...More
    March 1, 2007 Cary F. McGovern Posted in Articles
  • Table of Contents - March 2007
    WEB EXCLUSIVE! Inside Self-Storage is pleased to offer these web-only feature articles to complement its March 2007 print edition. Enjoy!Working With Insurance AgentsFor the best coverage, it's important to build trust and define goals with your insurance representative.By ...More
    March 1, 2007 Posted in Articles
  • Business-Buying Legalities
    I called my lawyer the other day and asked, “May I ask you three questions for $100?” “Sure,” he replied. “What are the next two questions?” Lawyers are in the business of selling time. Those of us in the car wash and storage businesses sell time too, but we often don’t ...More
    March 1, 2007 Fred Grauer Posted in Articles
  • Rental Agreement Reviews
    When was the last time you looked at your rental agreement, reading it word by word, paragraph by paragraph? Did you see some provisions that surprised you? Confused you? Worried you? The rental agreement is one of the foremost business tools for self-storage operations. It ...More
    March 1, 2007 Scott Zucker Posted in Articles
  • Homeland Security
    The U.S. Homeland Security Department, established after 911, was obviously created to prevent terrorist attacks. Although the effectiveness of the department is still uncertain, self-storage operations are feeling an impact. Storage facilities are considered potential ...More
    March 1, 2007 Kenneth Piken Posted in Articles
  • Rental Agreement Snafus
    Self-storage rental agreements protect both the facility and the tenant from unfair business practices. But operators whose leases aren’t legally up to snuff stand to lose important rights. Rental agreements must first warn tenants that personal property stored in the unit ...More
    March 1, 2007 Vin A. Fichter Posted in Articles
    Every storage owner and manager has the same goal—to keep units rented. Self-storage isn’t a service industry in the same way as plumbing or carpet cleaning, but how we service storage customers has a direct correlation to unit rentals. “Customer service is the new ...More
    March 1, 2007 Sue Weinman Posted in Articles