In this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Tom Dunkel, Chief Investment Officer at Belrose Storage Group, to discuss the appeal of self-storage as a largely passive asset class in real estate. With over 30 years of experience in finance and investing, Tom is responsible for Belrose’s financial underwriting, structuring deals that benefit both investors and the company.
Jonathan and Tom explore the advantages of self-storage as a passive investment, discussing three key characteristics that make it an appealing choice for investors. Tom explains how he utilizes technology to manage self-storage facilities efficiently and why this asset class is relatively recession-resistant. They also cover the increasing trend of businesses and individuals using self-storage for flex space and Tom’s journey from a finance background to real estate investing. Tom highlights what to look for in a good buy, the differences between residential and commercial financing, and the rising interest in self-storage as an investment. Tom’s insights offer a compelling look at why self-storage might be the perfect fit for those interested in a hands-off approach.
Jonathan and Tom Dunkel share more insights on:
- Self-storage is more passive than other asset classes. Some of the reasons include minimal tenant management, automated operations, and stable occupancy of the properties.
- Technology allows self-storage owners to reduce staffing needs, create secure facilities, and make payments and deposits efficient.
- Even during a recession, self-storage performs well because people still need a place to store their belongings.
- Storage space offers flexible usage, such as running businesses out of the spaces instead of an office space.
Self-storage is an asset class perfect for those who want a more passive investment opportunity. Tom Dunkel lays out the dos and don’ts for investors new to self-storage.
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