39: Tom Dunkel - Belrose Storage Group

SummaryTom Dunkel, Chief Investment Officer at Belrose Storage Group, shares his journey from being a miserable landlord to building a successful self-storage business. He discusses his background in corporate America and how he transitioned into real estate after getting fired from his corporate job. Tom explains the process of acquiring self-storage facilities and the importance of finding value-add opportunities in growing markets. He also highlights the use of dynamic pricing and the shift towards attracting commercial storage customers. Tom emphasizes the strong demand for self-storage and the stability of the industry, making it an attractive investment option.TakeawaysSelf-storage is a growing industry with increasing demand, making it an attractive investment option.Acquiring value-add self-storage facilities in growing markets can lead to higher returns.Dynamic pricing allows for optimizing revenue by adjusting prices based on supply and demand.The shift towards attracting commercial storage customers provides a more stable revenue stream.Self-storage facilities have a low default rate, making them a safer investment compared to other real estate asset classes.Social Links:Podcast: The Retiring Real Estate InvestorFollow us on Instagram: @InvestWithInsightFollow us on Facebook: @InvestWithInsightFollow Brandon on Linkedin: @BrandonBruckmanJoin the Facebook group: Invest with InsightListen on Spotify: The Retiring Real Estate InvestorListen on Apple: The Retiring Real Estate InvestorIf you're looking to learn more about DSTs, 1031 exchanges and passive investing, visit www.investwithinsight.comThe firm is a registered investment adviser with the states of KS, MO, WI, CA, AZ, TX, LA, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements.