JF3290: Tom Dunkel - Turning Corporate Curveballs into Self-Storage Triumphs
The Best Ever CRE Show
Best Ever CRE
4.8 • 983 Ratings
🗓️ 7 September 2023
⏱️ 31 minutes
🧾️ Download transcript
Summary
Ever wondered how a corporate setback transformed into a self-storage success story? From unexpected career shifts to pioneering self-storage strategies, get ready to unravel the journey of Tom Dunkel, the Chief Investment Officer at Bellrose Storage Group, a seasoned investor who turned challenges into opportunities, all while carving a niche within a niche. Discover the untapped potential of contractor storage and flex space markets, and glean insights into building a powerhouse team that drives commercial real estate success.
Key Takeaways:
- Niche within a Niche: Contractor Storage and Flex Space: Tom discusses the benefits of offering climate-controlled flex industrial units with amenities like electricity and security features to attract contractors and businesses.
- Investor Insights: Building a Solid Team and Finding Deals: Tom emphasizes the importance of assembling a strong team and building a network of experts and partners. Tom also offers advice on seeking out mastermind groups, investor meetups, and networking opportunities to connect with potential team members and partners.
- Lessons from Self-Storage Success and Pivoting Strategies: Tom shares the pivotal lessons learned from transitioning from the corporate world to entrepreneurship, including facing challenges head-on. He also shares strategies for success in self-storage, such as seeking niche opportunities, embracing value-add strategies, and aligning investments with high net worth investors.
Tom Dunkel | Real Estate Background
- Chief Investment Officer, Belrose Storage Group
- Portfolio:
- 11 self storage facilities across 7 states
- Based in: Wayne, PA
- Say hi to him at:
- Best Ever Book: Who Not How by Dan Sullivan
- Greatest Lesson: Be intentional about who you choose to be on your team and who you choose to partner with.
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Transcript
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| 1:05.0 | Quick disclaimer, the views and opinions expressed in this podcast are provided for |
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| 1:22.0 | Going to the mastermind groups and going to the investor meet-up groups. |
| 1:26.0 | I know a lot of those that are out at night and everyone's tired after a long day of work. |
| 1:30.0 | I think that pays huge dividends to just make sure you're building out your network because you never know that next person you meet might be a business partner for life or might set you in a direction that really helps you build out your career. |
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