Tax Issues

Self-storage operators in Florida are preparing for a change in sales tax to be applied to unit rentals starting next month. An amendment to the state’s real estate sales-tax law, passed in May, will drop the sales tax on commercial rent by ...

When it comes to President Donald Trump’s proposed tax plan, self-storage owners would be wise to prepare for coming changes. Follow these solutions to help you maximize deductions, lower income taxes and create additional cash flow.

The Kansas legislature is considering a bill that would remove the sales-tax exemption from self-storage and several other services. The house approved the measure 78-42 on Monday, sending it to the senate. The proposal is part of a larger budget...

Update 12/19/16 – After a five-month study to learn how neighboring municipalities handle zoning for self-storage, Lincolnwood officials have passed a zoning change that bans new self-storage and warehouse developments from opening within...

One of the most important negotiating points when purchasing a self-storage facility is the structure of the acquisition. A proper structure, based on four value categories, will provide the maximum tax benefit and cash flow for the new owner.

Update 10/12/16 – Safeguard has received a $418,528 sales-tax exemption and a 15-year property-tax reduction from the Nassau County IDA for a new self-storage conversion in Valley Stream, N.Y. The $10 million project will convert a former...