Inside Self-Storage

Tax Issues

Photovoltaic Systems and Self-Storage: Ontario Facility Owners Make Money From Their Rooftops

In September 2009, Ontario, Canada, led the North Americans in approving a FIT (feed-in tariff) Program under the Green Energy Act. If you own a self-storage facility in Ontario, this may be the answer to generating income from your roof space, or making your business more ...More
April 11, 2010 Isabel Chan
Posted in Articles
Self-Storage Real Estate in Western Canada: A Review of 2009, Predictions for 2010

As an industry, self-storage is growing throughout the Canadian provinces, with some markets having experienced significant expansion in the past several years. The following overview provides a summary of storage development and real estate in the western half of the ...More
April 7, 2010 Candace Watson
Posted in Articles
Illinois Self Storage Association Continues to Fight Sales Tax

The Illinois Self Storage Association (ISSA) continues its efforts to fight the implementation of sales tax on self-storage leases. ISSA has been meeting with key legislators to outline its opposition. ...More
March 12, 2010
Posted in News
Cost Segration: New Regulations Allow Self-Storage Owners to Reclaim Losses

Cost segregation enables self-storage operators to claim net operating losses up to five years. Learn what cost segregation is and how it works. ...More
February 16, 2010 Ben Vestal
Posted in Articles, Finance, Real Estate
Michigan Self-Storage Could Suffer Sales Tax in 2010

Last week Michigan Gov. Jennifer Granholm proposed that the state sales tax be extended to consumer services such as “self-service storage,” but also that the rate be dropped from 6 percent to 5.5 percent. ...More
February 15, 2010
Posted in News
Illinois Self Storage Association Meets With Senator to Discuss Sales Tax

Last week Randy Witter, lobbyist for the Illinois Self Storage Association (ISSA), met with Senator James Meeks to discuss a bill that could potentially add a 6 percent sales tax to self-storage services in the state. ...More
January 21, 2010
Posted in News
Illinois Self Storage Association Fights Tax, Contracts Lobby Firm

Today the Illinois Self Storage Association sent a formal letter to facility operators in the state, asking their assistance in the battle against a proposed service tax for self-storage. ...More
November 12, 2009
Posted in News
NCSSA Meets State Rep Wainwright About Self-Storage Sales Tax

On Oct. 28, the North Carolina Self Storage Association will host a meeting with North Carolina Representative William L. Wainwright (D) to discuss the harmful impact of a sales tax that will potentially be placed on self-storage. ...More
October 26, 2009
Posted in News
Good News for Self-Storage: Maine Sales Tax May Be Delayed

A vast show of resident signatures in Maine may postpone a tax-reform bill that will add a 5 percent sales tax to self-storage and several other services in the state. ...More
September 21, 2009
Posted in News
The Basics of Cost Segregation: Tax Benefits for Self-Storage Owners

Self-storage owners can reclaim previously paid tax dollars and create more property eligible for tax benefits through cost segregation. ...More
September 17, 2009 Jerome H. Kootman
Posted in Articles, Finance

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