self-storage finances »

How cost segregation can save you money

How cost segregation can save you money

Cynthia J. Drake August 14, 2015 0

As a new self-storage owner who has just purchased your facility, you’ve hired an accountant to help advise you on your financials. You’re all set, right? Actually, if your financial picture stops with your

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To understand the value of a self-storage facility, you’ve got to know NOI

To understand the value of a self-storage facility, you’ve got to know NOI

Emmet Pierce July 21, 2014 0

If you’re looking into buying, selling or refinancing a self-storage facility, one of the most important things you need to do know is the business’ net operating income (NOI). Without an accurate NOI, you

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14 tips for maximizing revenue during busy season

14 tips for maximizing revenue during busy season

John Egan June 17, 2014 0

As you’re fully aware, busy season in the self-storage industry is in full swing. Now, you can fret all you want about the extra traffic coming in the door, but that won’t do any

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5 ways for your storage facility to save money

5 ways for your storage facility to save money

Emmet Pierce June 4, 2014 0

If you’re not keeping close track of your self-storage facility’s finances, you may be wasting thousands of dollars a year. Unnecessary spending can siphon away your profit. “The biggest bang for your buck is

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7 tips for borrowing money from family and friends

7 tips for borrowing money from family and friends

Deb Hipp May 7, 2014 1

Thinking about asking Grandma for a loan to expand your storage facility? If you are, you wouldn’t be the first entrepreneur to reach out to a relative for money. Seventeen percent of small business

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