Author: Shinil Krishnan

First-month free promotions are everywhere in the self storage industry. From nation-wide storage companies to independent operators, facilities rely on this promotion strategy to fill units fast. And for good reason—the words “first month free” catch attention, drive clicks, and get new customers in the door. In the short term, it works. But is it really worth it in the long run? That’s where things get complicated. While first-month free (FMF) promos can be a powerful customer acquisition tool, they come with hidden costs that can chip away at your…

In recent years, Opportunity Zones have become one of the most talked-about strategies in real estate investing. Designed by the U.S. government to encourage investment in underserved communities, these zones offer investors a unique chance to not only grow wealth but also create positive community impact. So, what exactly are Opportunity Zones—and why should you consider adding them to your portfolio? Let’s break it down. What Are Opportunity Zones? Opportunity Zones are geographic areas designated by the federal government to encourage long-term investment and economic development in distressed communities. When…

If you’ve been taking a wait-and-see approach to costly renovations or repairs this year, it’s not too late to get started with the right strategies—and by acting now you can see a big payoff. In fact, recent changes to the federal tax code and bonus depreciation offer significant tax savings for property owners who invest in improvements. Check out “The Complete Guide to Self-Storage Renovations and Cost Segregation” to find out what that means for you, including next steps for estimating potential savings. You’ll find that many products and services…