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There’s a spotlight on self-storage real estate values these days, which means owners need to make sure they’re receiving a fair assessment of their property. Consider the following strategies to counteract excessive property taxes.
Tax season is now, but the good news for self-storage owners is it isn’t too late to reduce your liability. A cost-segregation study and partial-asset disposition can help maximize your filings this year. Read how.
Self-storage has become a hot investment and values are up, but many owners find themselves with excessive property-tax bills that eat into their cash flow. Here’s an overview of how tax assessments are made and some ways to potentially lower your...
All business owners should be concerned about their taxes, including self-storage operators. Here are some specific areas that need your attention so you can catch problems early and possibly save money down the line.
This case study from Janus International shows how ABC Self Storage used tax savings from a door-replacement project to pay for significant capital improvements to the rest of the facility...
Update 11/18/20 – The results of the 2020 California election are largely confirmed, and Prop. 15 has been conquered. Rob Lapsley, co-chair of the “No on Prop 15” coalition, praised the state and national associations for their endeavor to stop...
Whatever your feelings about the self-storage business you own, you can’t run it forever. If you don’t intend to sell, you need a solid succession and estate plan. Learn why this planning is important, what poor planning could cost, and how to...