Make educated decisions with unbiased information.

PRE-SALE VALUE ENHANCEMENT

In preparing your property for sale, we are able to make recommendations that can significantly increase the value of your self storage facility and your cash flow. Every $1,000 of additional income causes a value enhancement of $11,764 at sale. We consult with our clients well before they put their facility on the market to assist them in obtaining the best possible price. Investors like this approach, too, as the income stream is there, without any guessing games of whether it will work or not.

1031 EXCHANGE ASSISTANCE

Our firm’s principal has been personally involved in helping clients effect IRS tax code section 1031 “tax deferred exchanges” since 1987. We can give you, your accountant and your legal counsel the basics of the process and introduce you to industry professionals who can meet all of the technical requirements. This method of deferring taxes can significantly increase your return on your self storage investment and should be considered before each sale of an investment property.

MARKET KNOWLEDGE

As in any industry, what you know about the self storage marketplace has a direct effect on your success. Our market research is vitally important to any self storage investment. This market knowledge is gained by our constant research of the marketplace. We are in contact with a majority of owners of self storage facilities at least twice per year. In addition, we track all properties that are actively being marketed, we verify and catalog all sales, we call municipal officials quarterly to find any proposed new construction, we monitor the internet for any sale, lease or construction news, and we conduct rent surveys regularly as well as market summary analysis to determine demand and supply levels.

OWNERSHIP ISSUES

Although we do not give legal advice, we can give ideas to owners and buyers to explore with their legal counsel on how to maximize their investment and to protect their assets from litigation.  Estate planning is an integral part of real estate ownership. Family limited partnerships, trusts and other estate planning vehicles are commonly employed in estate plans. We are very familiar in dealing with the sale and purchase of assets by these entities and assist our clients in achieving their stated goals.

TAX ISSUES

We are not qualified to give tax advice, but we can offer suggestions for you to discuss with your accounting and tax professional to help maximize your sale proceeds. There are several tax strategies that can legally be employed to minimize the tax consequences of real estate ownership.  The 1031 tax deferred exchanges are a great way to defer paying capital gains taxes to a later date. Investment Real Estate, LLC personnel are experienced in handling these transactions and can be a valuable resource to ensure the regulations are met for effecting an exchange.