Decoding Self-Storage Success - Key Trends + Strategies with Investor Tom Dunkel

The Real Estate Law Podcast

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!

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