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When it comes to owning property, there are a number of avenues that one can take. But, despite all of the available options, one seems to stand above the rest – self storage facilities. Because of their low maintenance costs (no carpets, no toilets, low capitol rates, etc.) and ability to bring in high returns, self storage facilities have continued to grow into the best form of real estate investments over the last decade, according to studies by Bloomberg. Self storage companies, located all over the country and the world, …

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 …

Self Storage Continuing on a Worldwide Rise
In a day and age where people are learning to cut down on their belongings – surviving on the bare minimums (at least in theory of going green) – self storage has been able to grow at a skyrocketing rate. While homeowners and renters alike are looking for a way to harness fewer space-taking items, people, for the most part, can’t seem to let go of their things. Whether holding sentimental value, wow factor, or just an item one can’t seem to toss, people …