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

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.

Pre-Order DVD 10-Pack: Owner Essentials Education Sessions From the 2013 Inside Self-Storage World Expo 

Get 10 education sessions that address important aspects of self-storage ownership, presented by top industry experts. This package saves you more than 25 percent off individual DVD prices!

Cick Here To Pre-Order

Big Rewrite of Partnership Rules Weighed 

Congress is debating the biggest rewrite of U.S. partnership rules in 60 years, which may lead to higher taxes for real estate and finance businesses or prompt them to restructure operations to avoid new costs. 

The more dramatic of two options from Rep. Dave Camp of Michigan, the top Republican tax writer in Congress, would remove some of the flexibility that has made partnerships attractive legal structures for real estate investors and hedge funds. He also offered an alternative with lesser changes to simplify some rules and leave the core of the current system in place. 

The broader proposal surprised tax law specialists, who hadn't anticipated a major policy shift for the 3.2 million U.S. partnerships. The plan may alter existing arrangements by making it more difficult to allocate income and property among partners without triggering tax consequences. Lawyers said they have spent the past week scouring Camp's draft bill, especially his new second option. 

"Option 2 is radical," said Blake Rubin, global vice chair of the U.S. and international tax practice at McDermott Will & Emery in Washington. "It would be the most significant changes to the partnership tax rules since their enactment in 1954." 

 

Winners of the Facility of the Year Award Choose SiteLink

Facility of the Year Award winners boost rentals and grow profits by choosing SiteLink for ninth year in a row.

SiteLink's CRM, lead tracking, integration and reporting features give us a competitive edge.

SiteLink, the leader in self-storage management software, congratulates the winners and runners-up of the coveted Facility of the Year Award of 2012. Four of the five 2012 winners entrust their operations to SiteLink Web Edition along with more than 10,000 stores worldwide.

The award recognizes industry-leading stores for their standard of excellence. Since its inception in 2003, the award has crowned stores using SiteLink more often than those using all other management software programs combined.

 

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