The Northeast Self Storage Association is excited to announce its dates for our live events of 2020! Mark your calendars with the following information, and keep your eyes peeled for more about both of these events (as well as our webinars) coming soon!
Self Storage How-To: A Guide to Facility Success
Featuring Christina Alvino of Fine View Marketing, Charlie Fritts of SIMI, and Scot Vayo of iStorage
Wednesday, May 6, 2020
The Publick House Historic Inn
The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017. This marks the first comprehensive tax law reform since 1986 and the legislation has created a wealth of new opportunities for the thoughtful owner of self storage properties. A thorough cost segregation study is the vehicle by which TCJA benefits may be obtained. The Tangible Property Regulations (TPRs) are still in play in this post tax-reform era, and in fact augment the utility of the TCJA. Again, a thorough cost segregation study is the key to fully leveraging all possible benefits. We will also discuss several case studies to illustrate how self storage owners and operators have realized tax savings through these strategies.
Understand how cost segregation is the vehicle by which tax savings opportunities are obtained.
Use a TPR flowchart to assist in the expense vs. capitalization decision-making process.
Identify possible opportunities for leveraging the TPRs.
Explain the significance of the date 9/27/17 in determining bonus rates for new construction projects and acquisitions.
Review the current status of Qualified Improvement Property under the TCJA.
Become familiar with Section 179 and Opportunity Zones under the TCJA.
Join us for a webinar on December 2nd where our presenter, Carly Ferris of Capstan Tax Strategies, will walk you through these changes and answer your questions on what this means for you.
In 2019, your online reputation is more important than ever. Join our presenter, Melissa Stiles from Storage Asset Management, Inc. on Tuesday, October 22nd at 2:00 PM EST to learn about the different tools and techniques you can use to monitor, protect, and defend your storage facility. Discover in this webinar how to proactively manage your facility’s online reputation.
In this session, you will learn insurance basics that pertain to the self storage industry and receive tips on making the most of your insurance claim. Presenter Scott Greenwald is the Senior VP and Principal of Goodman-Gable-Gould/Adjusters International (GGG/AI), whose public adjusters represent policyholders in first-party claim negotiations with property insurance carriers for expeditious recovery, after a policyholder has suffered property damage. Insurance experts review and analyze insurance policies, measure damages (to building, business personal property including machinery, equipment, stock, etc., business interruption, loss of rental income/extra expense), prepare detailed claims, and negotiate for expeditious and equitable recovery with insurance carrier(s). Q&A is encouraged.
As a self storage owner, investor, or operator, you have been living in the Golden Age of Self Storage. That’s right, your facility occupancy’s, revenues, and valuations have never been higher. Unfortunately, your self storage facility doesn’t exist in a void, black hole, or walled garden. There are currently hundreds of new self storage facilities under construction, with more on the way. Expenses such as marketing, payroll, and property taxes are on the rise. In this webinar, we will discuss how to keep your facility’s expenses in check with our presenter, Matthew Van Horn of 3 Mile Domination.
In this session Pete Whittingslow of PTI Security Systems will take you beyond basic device management, beyond centralized data and reporting. How smart devices and connected facilities are changing the self storage industry. Understand how custom KPIs and dashboards allow you to gain real-time visibility into the health of your business and measure your business impact. You’ll learn:
The benefits of Smart Connected facilities for self storage owners/operators
How centralized data allows you to monitor, control, command
How to respond to different circumstances, facilitating real-time optimization
How to embrace the infrastructure and data generated to make more informed decisions
It’s easy to get caught up in the present when running a business. But in our digital and fast-paced world, tomorrow is something that just can’t wait. On Thursday, February 28th at 2:00 PM, spend an hour exploring the business needs of today while looking ahead at the future of self storage with our panel of experts including Damon Emerson of StorSmart Insurance, Charlie Fritts of SIMI, and Scot Vayo of iStorage.
This webinar isn’t your typical lecture. Instead we will have an open and honest discussion in a question and answer format between our panelists and you. You are encouraged to send in your questions ahead of time to Courtney Long.
With Halloween approaching, our presenter, Jeffrey J. Greenberger, a partner at Greenberger & Brewer, LLP in Cincinnati is back to present a webinar on a new list of actions in your operations that can expose you to a lawsuit. These will not be the basics, such as a failure to properly conduct a lien sale. Rather, Jeff wants to take you on a more advanced review of the other things you do (or fail to do) that can put you at risk for a lawsuit.
Topics include: Failure to properly verify the source of a request to change an occupant’s address or email; failure to properly prepare for the storage of and ask for information about vehicles stored in the space; and failure to properly understand and require Occupant’s indemnity in your Rental Agreement. The goal is to make sure that you avoid an unpleasant and spooky lawsuit surprise that you could have managed to control and avoid if you had taken proper precautions along the way.
As always, Jeff will present the webinar in a lighthearted manner and allow time to answer your questions.
Join us for the next webinar in our 2018 series coming up on Tuesday, August 14th at 2:00 PM.
This webinar, presented by March Chase of Southeast Management Company, is focused on enhancing the facility management skill set, resurrecting and improving the manager’s self-confidence and self-esteem and thereby developing a mindset for success, and premier financial performance at the store level.