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How 'Boring' Investments Like Self-Storage Pay Off Big | Tom Dunkel
Manage episode 390433861 series 2504329
Self-storage is one of those recession-proof industries that performs well in a consumption-based economy like we have in the United States. Whether we're spending or saving, we need somewhere to store all of our stuff.
That's where investors like Tom Dunkel comes in!
Tom is the Chief Investment Officer of Dellrose Storage Group. With his background in mergers and acquisitions as well as years of experience acquiring and operating self storage facilities, Tom is uniquely positioned to share his expertise on this passive real estate investment strategy.
Self-storage is a huge industry today, and facilities range from one-level, mom-and-pop outdoor units to multi-level climate-controlled behemoths brimming with technology and self-service. This episode of The Real Estate Law Podcast provides a fascinating look into the world of self storage facilities as passive real estate investments.
In this episode, we learn how Tom's company acquires underperforming storage assets, implements operational improvements using technology, and grows the businesses to deliver strong returns for investors. Hear all about the fundamentals of self storage, from analyzing local market dynamics to streamlining the rental and eviction processes.
If you are seeking stable cash flow with less hands-on management than traditional real estate, this discussion illuminates how self storage presents a compelling opportunity!
Things we discussed in this episode:
- How Dellrose Storage Group acquires underperforming storage facilities well below market rates
- Implementing smart technology to modernize operations and rentals
- Why in-depth market analysis is key to understanding growth drivers and competitors
- How lien law streamlines the eviction process for non-paying storage tenants
- Targeting both households and contractors opens more rental opportunities
- How REIT storage developments can impact local markets if not properly analyzed
- Why millennials and downsizing trends are a major driver of industry growth
- How returns of 8-12% annually are achievable through facility improvements
- Lucrative niches within the industry, such as specialized contractor
Get in touch with Tom:
Website - https://www.belrosestoragegroup.com/
Instagram - https://www.instagram.com/belrosestoragegroup/
Facebook - https://www.facebook.com/belrosestoragegroup
Join Jason Muth of Straightforward Short-Term Rentals and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!
#realestatepodcast #nexthome #humansoverhouses #realestate #realestateinvesting #realestateinvestor #realestatelaw #realestateagent #socialmedia #realestatemarketing #selfstorage #passiveinvesting #selfstorage #commercialrealestate #passiveincome #REIT #storagefacilities #storageinvesting #storageacquisition
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Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide.
The Real Estate Law Podcast on Instagram and YouTube
NextHome Titletown Real Estate on Facebook and LinkedIn
Straightforward Short-Term Rentals on Instagram
Attorney Rory Gill on LinkedIn
Jason Muth on LinkedIn
Help us Spread the Word
If you've found our podcast helpful, entertaining, or informative, please consider leaving us a rating and review. It only takes a minute and can make a huge difference in helping us reach more listeners.
Hospitality.FM
The Real Estate Law Podcast is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!
216 episodes
How 'Boring' Investments Like Self-Storage Pay Off Big | Tom Dunkel
SmartStay Show - Short Term Rental Counsel + Coaching | Airbnb Hosting Tips
Manage episode 390433861 series 2504329
Self-storage is one of those recession-proof industries that performs well in a consumption-based economy like we have in the United States. Whether we're spending or saving, we need somewhere to store all of our stuff.
That's where investors like Tom Dunkel comes in!
Tom is the Chief Investment Officer of Dellrose Storage Group. With his background in mergers and acquisitions as well as years of experience acquiring and operating self storage facilities, Tom is uniquely positioned to share his expertise on this passive real estate investment strategy.
Self-storage is a huge industry today, and facilities range from one-level, mom-and-pop outdoor units to multi-level climate-controlled behemoths brimming with technology and self-service. This episode of The Real Estate Law Podcast provides a fascinating look into the world of self storage facilities as passive real estate investments.
In this episode, we learn how Tom's company acquires underperforming storage assets, implements operational improvements using technology, and grows the businesses to deliver strong returns for investors. Hear all about the fundamentals of self storage, from analyzing local market dynamics to streamlining the rental and eviction processes.
If you are seeking stable cash flow with less hands-on management than traditional real estate, this discussion illuminates how self storage presents a compelling opportunity!
Things we discussed in this episode:
- How Dellrose Storage Group acquires underperforming storage facilities well below market rates
- Implementing smart technology to modernize operations and rentals
- Why in-depth market analysis is key to understanding growth drivers and competitors
- How lien law streamlines the eviction process for non-paying storage tenants
- Targeting both households and contractors opens more rental opportunities
- How REIT storage developments can impact local markets if not properly analyzed
- Why millennials and downsizing trends are a major driver of industry growth
- How returns of 8-12% annually are achievable through facility improvements
- Lucrative niches within the industry, such as specialized contractor
Get in touch with Tom:
Website - https://www.belrosestoragegroup.com/
Instagram - https://www.instagram.com/belrosestoragegroup/
Facebook - https://www.facebook.com/belrosestoragegroup
Join Jason Muth of Straightforward Short-Term Rentals and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!
#realestatepodcast #nexthome #humansoverhouses #realestate #realestateinvesting #realestateinvestor #realestatelaw #realestateagent #socialmedia #realestatemarketing #selfstorage #passiveinvesting #selfstorage #commercialrealestate #passiveincome #REIT #storagefacilities #storageinvesting #storageacquisition
Follow us!
Following and subscribing to The Real Estate Law Podcast not only ensures that you'll get instant updates whenever we release a new episode, but it also helps us reach more people who could benefit from the valuable content that we provide.
The Real Estate Law Podcast on Instagram and YouTube
NextHome Titletown Real Estate on Facebook and LinkedIn
Straightforward Short-Term Rentals on Instagram
Attorney Rory Gill on LinkedIn
Jason Muth on LinkedIn
Help us Spread the Word
If you've found our podcast helpful, entertaining, or informative, please consider leaving us a rating and review. It only takes a minute and can make a huge difference in helping us reach more listeners.
Hospitality.FM
The Real Estate Law Podcast is part of Hospitality.FM, a podcast network dedicated to bringing the best hospitality-focused podcasts to those in and around the industry, from Food + Beverage, Guest Experience, Diversity & Inclusion, Tech, Operations, Hotels, Vacation Rentals, Real Estate Law, and so much more!
216 episodes
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