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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...
Officials in Belleville, Ill., are considering a 5 percent sales tax to be collected on self-storage rent. Suggested by alderman Phil Elmore, the tax is one of several moves being considered by the city to help cover the costs of municipal...
Doing your self-storage business taxes can be daunting, but with some strategic planning, the payoff can be rewarding. Learn how cost segregation can help you save thousands of dollars and increase cash flow.
Life Storage Inc., a self-storage real estate investment trust (REIT) and management company, received permission to reduce the job commitment for its facility in Hicksville, N.Y., without suffering a decrease in its Nassau County tax breaks. The...
Update 12/5/19 – Nitzberg and Brian Caster, CEO of Caster Properties, which operates the A-1 Self Storage brand, will co-chair a national Self Storage Association (SSA) task force that will examine ways the industry can combat California...
Confusion over the new tax code can cause self-storage owners to leave money on the table. Learn strategies designed to take full advantage of recent tax reform.
Officials in Evanston, Ill, have included a 5 percent self-storage tax as part of the city’s proposed budget for the 2020-21 fiscal year. This “user fee” is included as one of several new revenue streams officials are considering within the $317...
Self-storage property-tax assessments are based on an opinion of value. Learn how intangible assets could be part of the appraisal and why you should contest your bill.