Nov 17, 2023
How can self-storage be a profitable investment during economic uncertainty?
This episode dives into the world of self-storage syndication with Tom Dunkel, Chief Investment Officer at Belrose Storage Group. Tom shares his experience acquiring and operating self-storage facilities across the country.
With a background in corporate finance and nearly 30 years of real estate and investment experience, Tom Dunkel brings extensive knowledge and expertise to Belrose Storage Group.
Growing the company from start-up to a world-class organization, Tom has specialized in discounted asset opportunities nationwide since 2006. His financial savvy, open communicative manner and integrity have helped alternative investors achieve their wealth-building goals.
Tom is the Chief Investment Officer (CIO) of Belrose Storage Group - a seasoned team of real estate investment professionals that specializes in acquiring underperforming self-storage facilities in the Northeast, South, and Midwest U.S. and turning around their performance to achieve high-teens, tax-advantaged returns to its high-net-worth investor partners in a condensed time frame of 2-3 years.
[00:00 - 00:02:00] The Tax Advantages of Rolling Investment Gains
[00:02:00 - 00:05:00] Pushing Rents While Maintaining Occupancy
[00:05:00 - 00:08:00] Understanding Customer Psychology Around Rate Hikes
[00:08:00 - 00:12:00] Adapting the Business Model for Changing Times
[00:12:00 - 00:16:00] Solving Contractors' Evolving Storage Needs
"We're paying the taxes and rolling into the next one. If you do the math, I mean, over a period of time, if you do the math, it actually, you know, works out better than 1031 exchanging." - Tom Dunkel
Connect with Tom:
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