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With studies being conducted on economic growth for the upcoming year, there are plenty of stats to mull over. Thankfully though, the results are showing that the self storage industry has room to thrive. Due to signs of upturns and changes in the way many are choosing to do business – including subsidies and a growth in self-owned businesses – 2012 has never looked better.
Unique changes throughout the country will also contribute to business in different ways. For example, Texas, according to an article in Inside Self Storage, will see …

Decreasing Property Taxes: An Increase in Profit
With an economy that’s continued to struggle over the past few years, owning property has had its roller coaster of business profits – as many of you know. Rents have been forced to be lowered and tenant regularity has decreased as well, which in turn increases operating costs (such as electricity and insurance costs), and decreasing the profits – also known as net operating income or NOI – a self storage facility can bring in.
As many storage facility owners have found, the biggest expense …

The act of cost segregation – separating business and personal assets for the purpose of income taxes – has been in practice for decades, since 1954 to be exact. The government put this act into place to allow property owners a more accurate way of reporting their incomes. However, recent events and complains have caused these practices to take a significant jump as of late – changes that work toward the benefit of self storage facility owners.
In 1997, according to an article from SegregationHolding.com, the Hospital Corporation of America sued …

Cashing In on Solar Energy
Solar power is one of the newest up and coming renewable sources of energy. Retrieval plants are located throughout deserts and other sunny areas, and energy-conscious homeowners are putting up their own panels as well. But, many are finding an even better reason for starting their own solar energy rigs: they have the space. With large climate controlled buildings and roofs to spare, why not panel what’s already getting hours of sun every day? (Not to mention the energy, state, and federal subsidies/incentives that can come …