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As more and more companies big and small take advantage of offsite storage space, startup companies are encouraged to do the same. Renting warehouse storage space can be much cheaper than devoting office for storage, and as times get tougher around the world, it’s important to save costs whenever necessary.

When you own rental property, you may spend money on advertising. Promoting the vacant site, whether in small print ads in newsletters, newspapers, magazines and the Web, or in big signs and billboards, can be a necessary expense. It’s also a deductible one. So are the expenses you incur to maintain your property in good condition.

Remember that because you are a rental property owner, the fees you pay related to that property can also be written off. For instance, if you pay a management company to collect rents and take care of your property, that cost can be subtracted on your tax return. Of course, every savvy real estate investor knows about the magic of depreciation. This is an expense that is really just a gift from the IRS to real estate investors. There is no out of pocket expense and everyone expects the property to increase in value. But the IRS still gives investors a deduction as if the property were decreasing in value. That’s about the best kind of deduction you can get.

“Magic?” you’re asking. “Isn’t depreciation just a loss in value of my property? So how is this a good thing?” Simply put, depreciation is the biggest tax break for real estate investors - money in your pocket for things you already buy and there is minimum effort needed to collect on it. How does depreciation work? It is the distribution of the cost of a long-lived asset over the estimated life of that asset. In the case of a residential rental the time period is 27.5 years. You may deduct 3.636% (1/27.5) of the purchase price each year. This will be a steady deduction over the life of this property.

Sometimes we desire to speed up the process of depreciation to put more money in our pockets. In the case of land improvements or personal property also called “chattels” the life span can be as short as 15 all the way down to 5 years. Appliances, cabinets and carpets are all examples of things that depreciate over 5 years. A $1,000 refrigerator yields roughly 20% or $200 in depreciation each year. Total this up over all your personal property and just like magic money comes rolling back to you.

When you’re planning to store perishable goods, you’ll undoubtedly need quick turnaround times, while office inventory and supplies can sit around for months. Some storage facilities offer lower rates for long-term storage, while others do the opposite. Decide how long you plan to store your items, then find a nearby storage facility that offers the best rates for your time frame.

The process of finding a place to store the stock can be very grueling but is well worth the effort. Renting a space to keep your belongings can make more room for the things that you need now and not the things that are worth holding on to, but you won’t use for years. Filling an order can be very simple but is also a necessary part of any small business; since they are small they do not have the room to store all of their goods so they frequently need to order goods to keep up with the demand.

Whatever it is you plan to store, there’s a storage space out there for everybody. All you’ll need to know is exactly what your company needs, and it’s only a matter of finding the best one for you.