Tax strategies & secrets I wish I knew a long time ago

Marc Goodin
Aug 11
1 min read

By Marc Goodin, CEO of Storage Authority Franchise

Do you know that self-storage income can be considered a passive or active investment? And may change over time, and each is taxed significantly differently.

Do you know why most individually owned self-storage companies are an LLC, and then some eventually elect to be an S corp for tax purposes? Do you know when or if you should convert to an S corporation?

Do you understand what first-year bonus depreciation and component depreciation are and how they work? And that they can provide over $2,000,000 plus in depreciation expenses in the first 5 years of a large self-storage and save you well over half a million dollars.

Do you know that understanding how people become and stay wealthy by taking advantage of self-liquidating debt?

Do you know how to take advantage of Inflation-induced Debt reduction and self-liquidating Debt? It is one of the biggest secrets of the wealthy.

If you want to understand these self-storage tax strategies and more, join us online for our live webinar on August 21 at 11 am. The link to learn more and sign up is on our website www.StorageAuthorityFranchise.com