351. Real Estate Businesses Continue to Succeed Despite Economic Turmoil with Tom Dunkel

Dec 28, 2022

Tom Dunkel has a background in corporate finance and over 25 years of real estate and investment experience, Tom brings extensive experience to Belrose Storage Group. Taking the company from a 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 seen him help alternative investors achieve their wealth-building goals. As a dedicated mentor to investors and entrepreneurs, Tom has also taught classes on real estate and mortgage note investment at the CAMA Academy along with Belrose Asset Management co-founder Joe Downs. A graduate of the University of Delaware, Tom earned his MBA at the College of William and Mary.

 

In this episode, Tom shares that his background in corporate finance prepared him well for the real estate world and that he was fired from his job in 2006 when he decided to go off into real estate on his own. He attributes his success to surrounding himself with the right people, learning from his failures, and under-promising and over-delivering to maintain value in his properties. To learn more about Tom, listeners can visit his website at Belrose Storage Group!

 

[00:01 - 01:38] Opening Segment

• Tom discusses his background in corporate finance and how and why he chose to go into the real estate world
• He talks about the lessons he learned during his time as a real estate investor, including the importance of teamwork and having the right people around you  

 

[01:39 - 19:56] Real Estate Businesses Continue to Succeed Despite Economic Turmoil

• He discusses how things are different now than they were a few years ago, specifically in the area of loan quality and defaults
• He says that Belrose has been successful in its real estate business by focusing on operations and not over-leveraging
• Storage is becoming more popular as an alternative to traditional housing, with self-storage facilities located in both urban and suburban areas
• The storage industry is experiencing growth due to a number of factors, including consumer preference for convenience and stability, macroeconomic trends, and the increasing prevalence of divorce and displacement

 

[19:57 - 36:26] Closing Segment

 

• Tom emphasizes that storage is becoming increasingly accepted as a convenient and affordable option for people who are downsizing or moving  

 

• Tom shares where you can get in contact with him (links below)

Quote/s:

“Whether it's multi-family or self-storage or residential rentals, whatever it is, it’s important for people to take control of their own financial destiny.” – Tom Dunkel

You can connect with Tom through him: 

Website: Belrose Storage Group

Facebook: Belrose Storage Group

LinkedIn: Tom Dunkel

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