Are you looking for a recession-resistant investment opportunity with high cash flow potential? Self-storage might just be the answer you’ve been searching for.
In today’s episode of the Real Estate Mindset podcast, I talk with Tom Dunkel, an expert in the self-storage industry. Tom shares his fascinating journey from the corporate world to becoming a successful self-storage entrepreneur, despite facing challenges during the Great Recession.
Self-storage has proven to be a stable and consistent asset class, with occupancy rates staying between 80% and 90% over the past 40 years. This stability is attributed to the fact that people need storage during both good and bad economic times, making it an attractive investment option for those seeking reliable returns.
To learn more about the advantages of investing in self-storage, the importance of mentorship, and Tom’s personal insights on building a successful business, be sure to listen to this informative episode of the Real Estate Mindset podcast.
Tom Dunkel is chief investment officer for Belrose Storage Group LLC, which offers passive investment opportunities and specializes in self-storage acquisitions and development nationwide.
What we discuss:
(00:02) Real Estate Entrepreneurship and Self-Storage
(07:26) Differences in Self-Storage and Multifamily
(12:02) Technology and Trends in Self-Storage
(23:18) Lessons in Investing and Mentorship
(34:04) Expertise in Self-Storage Investment
To learn more about Tom Dunkel:
Website: https://www.insideselfstorage.com/
Email: tom@belroseam.com.