Defer Taxes on the Sales of Your Self Storage Investment with a 1031 Exchange

When you decide that it’s time to sell your self storage facility or any other commercial real estate investment, can you take your profit, avoid capital gains taxes and escape to a Tuscan villa? Actually, you can make this happen by using an IRS provision called a 1031 exchange. Theoretically, you could sell your facility ...
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Will a Cost Segregation Study Benefit My Self Storage Property?

Cost segregation is a strategy that self storage owners and operators use to separate assets for tax saving purposes. The concept of cost segregation is not complicated. However, the implementation of the process is complex and should be conducted by a team of experienced engineers. A more complete definition of cost segregation, according to Heidi ...
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PINNACLE STORAGE PROPERTIES PROUDLY ANNOUNCES THE ACQUISITION OF STORAGE PLUS OF LAKE CHARLES

Houston, TX – May 27, 2021 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces its first acquisition in Louisiana. Storage Plus of Lake Charles is the 26th addition to Pinnacle’s rapidly expanding portfolio. Storage Plus of Lake Charles, formerly Cajun Storage, is located at 2255 LA-379, Lake Charles, LA 70615. Not far from ...
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How to Optimize Your Tenant’s Self Storage Rental Experience

The core of your company’s success is the satisfaction of your customers. Happy, satisfied customers stay with you longer, and make your business profitable. Today’s self storage customers are demanding. They want the same ease of experience whether they’re renting a unit or paying their bill. Most customers want answers now, not tomorrow; and, the ...
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How Important is Climate-Controlled Self Storage to Owners?

Standard self storage works for most household and business items that you would generally store in your garage or attic. On the other hand, the popularity of storing luxury items, collectibles and antiques has increased the demand for climate-controlled storage.  As a facility owner or manager, it’s important to understand what your tenants expect from ...
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Prepare Your Self Storage Facility Managers for the Busy Season

The self storage busy season is just beginning. If you haven’t thought about it already, now is the time to make sure that both your seasoned and new managers are ready. Facility managers need to be on track to tackle the ever-changing landscape of the industry. Each year brings new challenges, and managers should be ...
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Today’s Self Storage Office: Updated and Inviting

Walk into your self storage office as if you’re a potential tenant, and see how you feel. Is the office bright, cheerful, and welcoming or is it outdated, dreary, and cluttered with paperwork, used coffee cups and office supplies? A bright and welcoming office says that your organization is in control and that your self ...
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Four Self Storage Trends to Watch in 2021

Despite the challenges of 2020, the self storage industry has shown an ever increasing demand. According to a recently published Global Industry Analysts report the global market for self storage and moving services is estimated to be currently worth $80.8 billion. Potential investor returns are expected to grow at a rate of 6.6% year over ...
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The Best Time to Open a Self Storage Facility

You’re almost ready to open your first self-storage facility. This is an exciting time, but it’s also somewhat anxiety-producing. You’ve worked hard, and now it’s time to reap the rewards. Whether you’ve recently completed a ground-up facility or the renovation of an under-managed, under-enhanced and under-developed property , you’re probably wondering about the best time ...
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