| INDUSTRY NEWS |
| Some informative articles to help you stay current with the industry. |
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50% Bonus Depreciation Tax Benefit for New Construction in 2008
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Learn how the “Economic Stimulus Act of 2008” can help you depreciate
50% of many new construction costs and significantly increase your tax savings
for 2008 and 2009. If you are planning or were planning on building a self storage
building this year, this is a must read. With the rising cost for steel, this
new income tax provision may help off-set some of those costs. We strongly recommend
you talk to your accountant or tax professional right away to find out how these
laws may potentially help you save thousands of dollars if you are to begin construction
in 2008. Click here for more info...
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Preparing For Price Increases |
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Steel prices are on the increase and have been since the beginning of 2008. It’s not a local or regional occurrence but a factor of our global economy. Anyone involved in the construction of self-storage facility would like to avoid these increases but in most cases the best we can do is to prepare for them. The reasons for the increases are numerous and we are seeing them with every type of material that contains steel (roofing, siding, framing, decking, doors, and trusses)...
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Wind and
Metal Buildings |
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Few of us are ignorant
to the destructive forces of wind. With recent historic events brought to our
attention via our television and computer screens, including widespread destructive ‘F5’ tornadoes
and ravaging Gulf Coast hurricanes, it is both plainly and painfully clear how
destructive winds can quickly reduce even the most thoughtfully engineered building
to ruins.
And while no structure can be expected to withstand the full blunt
of a category 5 hurricane or its F5 tornado cousin, metal buildings that are
not built to face the winds associated with their geographical location, are
susceptible to damage making them unsightly, or worse, unsafe. To learn more
about how damaging winds effect a metal building and the ways in which such forces
can be countered...
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Carnation Storage Center has
been named
2006 Facility of the Year-Construction
Winner by Mini-Storage
Messenger. |
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Carnation Storage
Center in Carnation, Washington was
named the 2006 Facility of the Year
Award – Construction Winner by
Mini-Storage Messenger magazine. As a
metal building supplier, we work with
a wide variety of customers as well as
building designs. Tech-Fast is proud
to share this achievement and the
facilities many unique features that
blend the historical flavor of the
community and the new world use of
materials, colors and architectural
flare…
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| To Get an
Award-Winning Facility, Work with an Award-Winning Builder |
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Storage Central in Redmond, Oregon was named
the 2004 New Facility of the Year Award winner by Mini-Storage
Messenger magazine. As the designer and building supplier for this
state-of-the-art facility, Tech-Fast is proud to announce this achievement and
demonstrate how you, too, can build an award-winning facility. …
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Planning for the Unpredictable:
Managing Volatile Costs and Unforeseen Events in the Self-Storage Development Process |
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With the rising price and reduced availability of steel building products, self-storage developers need to focus more than ever on short-term contingency planning and long-term goals. Dave Cook discusses how to plan for and mitigate the effects of cost increases and other unpredictable events that may occur during the self-storage development process....more
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| Maximizing Tax Benefits When Acquiring or Developing Self-Storage Facilities |
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The acquisition and/or development of a self-storage facility is most often treated by operators like other real estate for income tax purposes. In the typical case, the purchase price is divided between land and buildings in the ratio of...more |
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| Radiant Heating |
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The Laws of Thermodynamics continue to challenge self-storage design innovation. While relative humidity, condensation and traditional forced air distribution systems are being reevaluated in the current toxic mold and mildew environment, commercial hydronic radiant heating has begun to see a wide acceptance within the U.S. and European design communities as an alternative to forced-air heating systems. As a result, today’s self-storage developers, owners and operators are beginning to embrace radiant heating...more |
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(Reprinted with the permission of Mini-Storage Messenger magazine) |
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| Phasing Your Self-Storage Project: Why Building In Phases Can Increase Profits |
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No matter what industry you’re in, phasing and expanding are synonymous. After all, the best projects always leave space to expand when the time is right. And timing is everything...more |
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(Reprinted with the permission of Mini-Storage Messenger Magazine) |
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| The Pitfalls of Construction |
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All developers whether new to construction or experienced in many projects have the need to do their due diligence, establish a plan, assemble a team and create a communication system that will allow for the best possible project to be built.
These fundamentals are crucial to the successful construction of a self-storage project. As we listen to our clients talk to us about their business plan and expectations from their supplier/erector we are continually reminded by them how important the schedule and budget are to their financial success. After all, isn’t it every developer’s desire to bring their project in on budget and on time? I haven’t met a developer/owner yet who wouldn’t answer this question with a resounding YES! And then throw in another qualifier by saying, “and don’t forget to meet my high quality standards too”
...more |
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(Reprinted with the permission of Mini-Storage Messenger magazine) |
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