340. The Potential For Growth With Self-Storage Industry With Tom Dunkel

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With us today is Tom Dunkel with a background in corporate finance and over 25 years of real estate and investment experience Tom brings extensive experience to Belrose Storage Group Taking the company from a start-up to a world-class organization Tom has specialized in discounted asset opportunities nationwide since 2006 His financial savvy open communicative manner and integrity have seen him help alternative investors achieve their wealth-building goals As a dedicated mentor to investors and entrepreneurs Tom has also taught classes on real estate and mortgage note investment at the CAMA Academy along with Belrose Asset Management co-founder Joe Downs A graduate of the University of Delaware Tom earned his MBA at the College of William and Mary In this episode Tom Dunkel discusses their background in corporate finance and why he transitioned into the real estate world He tells us that 2006 was a pivotal year for him as it was when he decided to go off on his own and pursue real estate investing full-time He talks about some of the lessons he learned during those early years including the importance of teamwork and the necessity of having the right people around you in order to achieve success To learn more about Tom listeners can visit his website at Belrose Storage Group 00 01 – 01 37 Opening Segment Tom discusses his background in corporate finance and how and why he transitioned into the real estate world He talks about the lessons he learned during the tough times he experiences when he first started out in real estate 01 38 – 34 22 The Potential For Growth With Self-Storage Industry It is important to surround yourself with the right people and to have a team that is complimentary to your goals He reflects on his time as a distressed debtor how he was able to turn that around and start their own real estate business He explains that a self-storage is a place where they have settled because it s a stable industry with good potential for growth Storage is a great asset because it is predictable and tax-advantaged Self-storage is becoming more popular with facilities popping up in malls and other areas of commerce The current day environment is inflationary and interest rates are going up which affects storage s profitability The company is conservative in its projections and avoids overlapping itself 34 23 – 37 29 Closing Segment Tom advises listeners to take control of their financial destiny is key and he provides a helpful resource in the form of an eBook on his website Tom shares where you can get in contact with him links below Quote s It s important for people to take control of their own financial destiny Tom Dunkel You can connect with Tom through his Website Belrose Storage Group Facebook Belrose Storage Group LinkedIn Tom Dunkel WANT TO LEARN MORE Connect with me through LinkedIn Or send me an email at sujata luxe-cap com Visit my website www luxe-cap com or my YouTube channel Thanks for tuning in If you liked my show LEAVE A 5-STAR REVIEW like and subscribe Click here to visit this podcast episode