Jerry Jones CPA
Wouldn’t it be nice to have a CPA that you deal directly with, that knows the Self Storage business, that works in all 50 states and is there for you when you need him?
In addition to being the best tax advisor I have had the pleasure of working with, Jerry is first and foremost a wonderful person. Building my first storage facility and being a rookie to the industry, I was nervous on what I could expect in my first year of development. With all of the ups and downs of this first year all I can say is I had absolutely no worries when it came to the the most important part of our business - the numbers. Jerry Jones took the time to answer every question or concern we had when going though this process. If you are in the storage business give yourself a leg up and apply Jerry’s experience and expertise of this expanding and ever changing industry. You will be thankful you did.
Bill Pederson
Lock it and Leave it storage

Self-Storage National Rental Activity Report

0000256 300Statistical insight to self-storage rental and occupancy performance, including historical data provided by thousands of U.S. facilities. Prepared by Cushman & Wakefield and Self Storage Data Services. Click Here To Order

The Self-Storage National Rental Activity Report, prepared monthly by Cushman & Wakefield and Self Storage Data Services, provides statistical insight to industry rental and occupancy performance. Information includes comparisons to the previous year, quarter and/or month for same-store data provided by thousands of U.S. self-storage facilities.

IRS Halts Audits of Certain Issues Relating to Upcoming Capitalization Regs

(Parker's Federal Tax Bulletin: April 15, 2013)

For audits of tax years beginning before 2012, the IRS has directed auditors to discontinue the current audit activity and not begin any new audit activity with respect to certain capitalization issues that will be dealt with in upcoming regulations. LB&I Directive 04-0313-001 (3/22/13).

On December 27, 2011, the IRS issued temporary regulations that provide some bright-line tests for applying the capitalization standards in Code Sec. 162(a) and Code Sec. 263(a). The temporary regulations also amend the general asset account regulations and provide guidance regarding the accounting for, and dispositions of, property subject to Code Sec. 168. The temporary regulations affect all taxpayers that acquire, produce, or improve tangible property, and apply to tax years (or costs incurred in tax years, as appropriate) beginning on or after January 1, 2014. For tax years beginning on or after January 1, 2012, and before the applicability dates provided in forthcoming final regulations, taxpayers may choose to apply the temporary regulations.

"How to Make Money in Self-Storage" Combo Pack

Great price! This combo gives you both books in the "How to Make Money in Self-Storage" series at a more than 20 percent discount. Get maximum strategies for increasing income and equity and reducing expenses!

Get both publications in the H2MM series at a more than 20 percent discount off individual book prices! In "How to Make More Money in Self-Storage," you learn about the three channels to make money in the self-storage industry: increase revenue, decrease expenses and create equity. The authors provide concrete, actionable strategies and programs to boost your self-storage facility's bottom line. In "How to Make MORE Money in Self-Storage," you get even more guidance for solving the pain of flat-line profit.

 

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Identifying Self-Storage Embezzlement

Self-storage can be the perfect breeding ground for employee fraud; operators can work hands-off, managers have a great deal of autonomy, and cash changes hands every day. History has shown that smaller storage businesses are particularly vulnerable to employee theft, and it usually takes over 18 months for a self-storage owner to catch an embezzler.

Oftentimes, all a manager has to do is collect cash, waive a late fee or say they gave a discount, then manipulate the books accordingly. Renting units under the table is also quite common.

These acts are not committed by career criminals. According to a 2010 Marquet Report on Embezzlement, which looked at 1,076 different incidents, only about 5 percent of major embezzlers have prior criminal histories. In fact, the average profile of an embezzler is probably much different from what you might suspect.

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