Is self-storage a good investment with Tom Dunkel | Know your why #233
Episode Summary: Join us for a stimulating conversation with Tom Dunkel, a real estate investor and mindset specialist with 25 years of industry experience. Listen as he shares his intriguing journey from corporate mergers and acquisitions to the establishment of Bellrose Asset Management. Hear firsthand how he leveraged his experience in corporate America and knowledge of capital raising to succeed in the challenging realm of real estate.
Get inspired by Dunkel's approach of underpromising and overdelivering in real estate investing. He emphasizes the importance of thorough research, robust financial modeling, and the ability to defend your models to investors. Plus, you'll hear his experience of building a team from scratch, navigating the world of residential wholesaling, and his venture into the self-storage industry. Dunkel's mindset of 'who, not how' could be the key to filling the gaps in your own team.
Tune in to understand the current challenges and opportunities in the self-storage market. Dunkel explains the supply and demand curve optimization strategies to maximize unit revenue. Also, hear his personal journey as an empty nester and his pursuits in personal growth, including his passion for music. Finally, Dunkel shares his three keys to success in real estate investing and provides a glimpse into the ever-changing self-storage market.
Don't miss this chance to hear from an industry veteran and gain invaluable insights into the world of real estate investing.
Tom's Bio:
With a background in finance and 25 years of real estate and investment experience, Tom brings extensive expertise to Belrose Asset Management. From startup to world-class organization, Tom specializes in discounted nationwide asset opportunities since 2006. His financial savvy, open communication, and integrity help alternative investors achieve wealth-building goals. Tom is the Managing Director of Belrose Storage, a seasoned team acquiring underperforming self-storage facilities in the eastern U.S. Turning assets around, they achieve high-teens, tax-advantaged returns for high-net-worth equity partners in 2-3 years.
Get in touch with Tom:
www.belrosestoragegroup.com
Episode Chapters:
(0:00:00) - From Mergers to Real Estate Tom Dunkel shares his journey from corporate America to founding Bellrose Asset Management, offering insight into creating success and fulfillment.
(0:05:30) - Underpromising, Overdelivering in Real Estate Investing Tom Dunkel shares his experience transitioning to real estate investing, emphasizing research, financial modeling, and under-promising/over-delivering.
(0:11:36) - Building a Real Estate Team Tom transitioned from finance to real estate investing, wholesaling, rentals, fix and flip, distressed mortgage notes, and self-storage, partnering with Joe Downs to form US Mortgage Resolution.
(0:24:16) - Challenges and Opportunities in Self-Storage Self-storage market challenges include optimizing supply/demand, managing variable rate loans, and maximizing revenue.
(0:39:37) - Empty Nesters and Pursuing Personal Growth Tom Dunkel shares his transition from corporate finance to real estate investing, his wannabe rock and roll hobby, and a free ebook for investors.
(0:44:41) - Three Keys to Success Tom Dunkel shares his three keys to success in real estate investing: niche, team, and education.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast:
https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Get inspired by Dunkel's approach of underpromising and overdelivering in real estate investing. He emphasizes the importance of thorough research, robust financial modeling, and the ability to defend your models to investors. Plus, you'll hear his experience of building a team from scratch, navigating the world of residential wholesaling, and his venture into the self-storage industry. Dunkel's mindset of 'who, not how' could be the key to filling the gaps in your own team.
Tune in to understand the current challenges and opportunities in the self-storage market. Dunkel explains the supply and demand curve optimization strategies to maximize unit revenue. Also, hear his personal journey as an empty nester and his pursuits in personal growth, including his passion for music. Finally, Dunkel shares his three keys to success in real estate investing and provides a glimpse into the ever-changing self-storage market.
Don't miss this chance to hear from an industry veteran and gain invaluable insights into the world of real estate investing.
Tom's Bio:
With a background in finance and 25 years of real estate and investment experience, Tom brings extensive expertise to Belrose Asset Management. From startup to world-class organization, Tom specializes in discounted nationwide asset opportunities since 2006. His financial savvy, open communication, and integrity help alternative investors achieve wealth-building goals. Tom is the Managing Director of Belrose Storage, a seasoned team acquiring underperforming self-storage facilities in the eastern U.S. Turning assets around, they achieve high-teens, tax-advantaged returns for high-net-worth equity partners in 2-3 years.
Get in touch with Tom:
www.belrosestoragegroup.com
Episode Chapters:
(0:00:00) - From Mergers to Real Estate Tom Dunkel shares his journey from corporate America to founding Bellrose Asset Management, offering insight into creating success and fulfillment.
(0:05:30) - Underpromising, Overdelivering in Real Estate Investing Tom Dunkel shares his experience transitioning to real estate investing, emphasizing research, financial modeling, and under-promising/over-delivering.
(0:11:36) - Building a Real Estate Team Tom transitioned from finance to real estate investing, wholesaling, rentals, fix and flip, distressed mortgage notes, and self-storage, partnering with Joe Downs to form US Mortgage Resolution.
(0:24:16) - Challenges and Opportunities in Self-Storage Self-storage market challenges include optimizing supply/demand, managing variable rate loans, and maximizing revenue.
(0:39:37) - Empty Nesters and Pursuing Personal Growth Tom Dunkel shares his transition from corporate finance to real estate investing, his wannabe rock and roll hobby, and a free ebook for investors.
(0:44:41) - Three Keys to Success Tom Dunkel shares his three keys to success in real estate investing: niche, team, and education.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast:
https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
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