2017 was a pivotal year for the Kansas Self Storage Owners Association. We dealt with key legislative issues facing the storage industry. We urge all members to development relationships with their representatives in Topeka, as these issues are enormously significant to our industry.
Limited Lines Insurance: KSSOA assisted the Self Storage Association in the passage of the Limited Lines legislation that clarifies the storage owner’s role selling low cost Limited Lines Insurance
Sales Tax: The threat of the repeal of the sales tax exemption was present in both 2017 and as recently as a month ago in March, 2018. KSSOA is very concerned about the imposition of sales tax on self storage, setting a precedent that could carry over to other property types, while our property taxes are already significantly higher than our neighboring, peer states.
Property Tax Reclassification: Several of the KSSOA member engaged Jerry Chatam & Associates to convince the State to reclassify storage to reflect the profile of tenant, which more often than not is a residential consumer. While unsuccessful in 2017, the potential to correct the classification will remain an issue to be addressed in 2018.
In September, we added an off cycle lunch meeting to promote our mission to prospective members in the Manhattan/Junction City area, for an excellent presentation of “going back to the basics” of an excellent presentation of best practices by Brian Byrd.
We have set dates for our three general membership meetings and hope that you can attend in the meeting in the location most convenient you and help us spread the word to your colleagues in the industry.
Please help us grow so we can enhance our services to all storage owners throughout the state.
We look forward to seeing you in Leawood in May.
Larry Goldman, CCIM
President, Kansas Self Storage Owners Association