45 min
196 | A Corporate Finance Perspective on Self Storage with Tom Dunkel Making Money in Multifamily Real Estate Show
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- Investing
IntroductionTom is the Chief Investment Officer for Belrose Storage Group. Belrose specializes in acquiring underperforming self storage facilities in the Eastern US. Before Storage, Tom had a background in corporate finance and 25 years of real estate investment experience Highlights(0:00:22) Tom talks about his journey from corporate finance to real estate investment and shares how he and his partner found self-storage to be the ideal asset class(0:07:33) The importance of leveraging talents and building strategic partnerships, and challenges in the acquisition process(0:12:18) Navigating the fluctuating interest rates when looking for loan terms(0:18:52) The importance of having lenders and deals lined up is discussed. Tom shares his insights on self-storage as a reliable asset class in good and bad times, and the value-add opportunities implemented by Bellrose Storage Group(0:29:44) Understanding the supply and demand of the market when acquiring a new facility, and the impact of effective marketing and how small-scale owners' operations can affect rent rates.(0:34:22) Tom shares a story of how his team overcame obstacles and improved business strategies. He talks about the resilience required in times of uncertainty and the significant role technology has played in maximizing operating efficiency.Connect with Tom:https://belrosestoragegroup.com/ *****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.
IntroductionTom is the Chief Investment Officer for Belrose Storage Group. Belrose specializes in acquiring underperforming self storage facilities in the Eastern US. Before Storage, Tom had a background in corporate finance and 25 years of real estate investment experience Highlights(0:00:22) Tom talks about his journey from corporate finance to real estate investment and shares how he and his partner found self-storage to be the ideal asset class(0:07:33) The importance of leveraging talents and building strategic partnerships, and challenges in the acquisition process(0:12:18) Navigating the fluctuating interest rates when looking for loan terms(0:18:52) The importance of having lenders and deals lined up is discussed. Tom shares his insights on self-storage as a reliable asset class in good and bad times, and the value-add opportunities implemented by Bellrose Storage Group(0:29:44) Understanding the supply and demand of the market when acquiring a new facility, and the impact of effective marketing and how small-scale owners' operations can affect rent rates.(0:34:22) Tom shares a story of how his team overcame obstacles and improved business strategies. He talks about the resilience required in times of uncertainty and the significant role technology has played in maximizing operating efficiency.Connect with Tom:https://belrosestoragegroup.com/ *****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.
45 min