Articles
Learn the ins and outs of self storage investing…
Boosting Revenue with Moving Truck Rentals – Part 2
In our previous article, we touched on the benefits of having moving truck rentals available at your facility. Let’s continue the discussion and cover a few more points that should be considered in making such a big decision. The financial health of your business really needs to be your top priority when you are trying …
Boosting Revenue with Moving Truck Rentals – Part 1
Are you considering adding truck rentals to your business? If done correctly, this addition can be an excellent way to increase the profits of your facility while making your facility more convenient for your renters. Moving truck rentals and retail sales are some of the best cross-promotional, revenue boosting services that you could enhance your …
Opportunity Zones: An Investment Opportunity With Tax Benefits
Understanding the Benefits There are several benefits to investing in an OZ. The first is tax deferment. Investors can defer the tax on any prior gains invested in a QOF until the date on which the investment is sold or exchanged, or Dec. 31, 2026, whichever comes first. The new law gives you 180 days …
Opportunity Zones: A Self-Storage Investment With Great Tax Benefits
By now, most active investors in real estate have at least heard the term “opportunity zone” (OZ) even if they aren’t completely clear on what it is or the advantages this incredible program provides. An OZ is an economically distressed community in which new investments may be eligible for preferential tax benefits. These areas have …
How to Get Your Self Storage Facility Involved in Your Community
This may sound like a silly, extra time consuming things to do, but it is truly a great way to boost your business! Community involvement is one of the easiest ways to make your business name known and to show that you are not only looking out for yourself and your business, but that you …
Smart Ways to Increase the Value of Your Facility
When you are a self storage facility owner, you quickly learn that the key to making money is to push the facility to be worth more than what you paid for it. There is a well-established formula for doing this. Here are a few of the top tips that can be applied to any facility. …
10 Traits of a Well Rounded Self Storage Manager
Today’s storage facility manager is not someone who simply stands behind a counter and mindlessly takes payments and answers phones. These managers need to be able to handle a wide range of duties. These range from having great customer service skills, to the ability to preform maintenance, basic marketing skills. They will also need to …
10 Times Self Storage Made It On To the Big Screen
It is no surprise that self storage facilities make their way onto our tv screens relatively frequently. They are in the backgrounds of tv shows and movies. Most commonly, though, they appear in crime shows! Because of that they have a sense of mystique and danger. Let’s look at 10 shows and movies that have …
How Can You Add Value to Your Self Storage Facility?
As a business owner, there is just something about increasing the value of your business that bring a special kind of joy. Maybe you are trying to increase business, or market appeal to sell. Or maybe, you just want the best business you can build! Regardless of the reasons, here are 10 ways you can …