Listen "132: Building Cashflow through Self Storage Investments with Tom Dunkel"
Episode Synopsis
Tom Dunkel has been investing full time in alternative assets since 2006 completing over $90MM of transactions. He specializes in fragmented, dislocated markets such as distressed debt and self-storage.Tom is the Chief Investment Officer of Belrose Storage Group that specializes in acquiring under-performing self-storage facilities in the eastern U.S. and turning around the performance of the assets in a condensed time frame of 2-3 years.DISCLAIMER: We are not giving any financial advice.(00:00 - 01:51) Introduction- Tom is introduced as the guest Hosts(01:51 - 05:11) Tom's Professional Journey- Tom shares his professional journey(05:11 - 36:31) Building Cashflow through Self Storage Investments- Tom shares his first self storage acquisition- Tom's main criterias in looking for self storage opportunities - He also shares other value adds he does once he acquire the facility- Square feet per population that he look forward to- Average price per square foot per population- His target average cap rate in storage facility - His thought about the interest rate - He also talks about which specific market that he is looking for - Average per square foot price per self storage facility- He also talks about his debt structure, equity structure and how does it works in his company(36:31 - 43:36) Final Round- Tom shares his best business or investment advise - Tom's best book that he recommend that made an impact to his business and life- How Tom give's back- His main source to learn and grow (43:36 - 44:48) Closing Segment- If you want to learn more about the podcast, just check out the link below. Youtube: https://www.youtube.com/channel/UC8ttrbgIlgn0MC_4u2ZWWnQLinkedIn: https://www.linkedin.com/company/80036754/admin/feed/posts/Facebook: https://www.facebook.com/AstreCapital/Twitter: https://twitter.com/AstreCapitalIG: https://www.instagram.com/astrecapital/