Not too long ago, mobile home park owners could order new homes to fill vacant lots. Now they find that delivery times are far into the future, prices are up $10,000, and some manufacturers even have caps on the number of homes you can order. In this Mobile Home Park Mastery podcast we’re going to discuss the U.S. home manufacturing crisis and how to overcome this hurdle to fill your vacant lot.
Listen To Episode 210The August 2021 Commercial Real Estate Investing Newsletter
It should come as no surprise that nobody is concerned about your financial security as much as you are. And recent events show that, more than ever, relying on others is the worst plan you can make. The stock market and housing markets are at all-time highs despite Covid, inflation, urban unrest and world instability. So how can you take your own destiny into your own control? The answer for many is by buying an RV park.
Read MoreThis is no time to deal with financial insecurity. It’s hard to be happy when you’re life is filled with stress. Even if you have a successful career and money in the bank, all Americans are within financial harm’s way 24/7 due to an unstable world and financial markets that are at unsustainable all-time highs. So how can you improve your financial sanity with a self-storage facility?
Read MoreYou can’t watch television without being concerned about the future of America and, even more particularly, your finances. Relying on others is no longer a good plan. Living paycheck to paycheck – even if that check is a big one – is filled with stress. So how can you get ahead and derive financial security in today’s screwed up world? The answer for many is owning billboards.
Read MoreWhen you buy a mobile home park, you are in a race against time to improve it’s appearance for a number of reasons. Higher existing customer retention, higher new resident attraction, better city government relationship and stronger banker satisfaction are all made possible through simple aesthetic improvements. So what are these key improvements that can be made rapidly? That’s the focus of this Mobile Home Park Mastery podcast.
Listen To Episode 209America is a rapidly changing market when it comes to housing. And it’s essential that you stay on the right side of the “megatrends” since these are what propel your investment forward. With the landmark events since March 2020 – and particularly the change in administration from Trump to Biden – some of the key drivers to success have materially changed and these should be noted and considered. And the net effect would appear to greatly favor investing in small town mobile home parks and avoiding opportunity zone options. Here’s four big reasons why.
Read MoreYour customers are the life’s blood of your business. But many RV park owners are missing out on the opportunity to fully understand the feedback from these consumers. In this RV Park Mastery podcast we’re going to review some simple, business-changing methods to harness the power of feedback to move your business in the right direction and increase your customer satisfaction and, as a result, your revenue.
Listen To Episode 35Self Storage University Podcast: Episode 33 - How To Successfully Weather Interest Rate Fluctuations
American interest rates are in a state of flux, and this can present a challenge to conservative investors that like to avoid risk. In this Self-Storage University podcast we’re going to examine how to protect yourself from interest rates woes and simple steps to mitigate risk. With inflation rising and interest rates at near all-time lows, this is a recipe for disaster unless you manage this properly.
Listen To Episode 33Advertisers are the life’s blood of your billboard investment, yet too many sign owners take them for granted after the sale. In this Billboard Mastery podcast we’re going to review the methods smart sign owners use to make the advertise feel properly appreciated each and every day so they are more likely to renew when their lease comes up, and to feel they have a good value when they write that monthly check.
Listen To Episode 29Mobile home parks are known for high density compared to single-family subdivisions (their closest cousin). While this is not a problem most of the time, you can reach a density that causes potential issues with the fire marshal as well as simply moving homes in and out. So what do you do to fix density that is too high in a property? In this Mobile Home Park Mastery podcast we’re going to review this issue and offer some real-life fixes.
Listen To Episode 208In the 1960’s, Finland manufactured a mobile home called the Futuro. There are only 63 of them known to exist around the world, with only around 5 known in the U.S.
Watch The VideoAlex and Steve came to Mobile Home Park Boot Camp in 2017 following a decision forged on a vacation in Japan. They pursued their joint dream of building a portfolio of mobile home parks and how own seven properties with two more under contract.
Listen To The AudioHe may be able to launch cargo into space and invent the electric car industry, but Elon Musk is not always thinking big – at least not when it comes to his housing. Musk, a billionaire, is currently living in a $49,500 “Casita” made by Boxabl, which is a 375 square foot tiny home. So how will tiny living by Musk translate into mobile home park industry success?
Read MoreHave you ever talked to someone who is bragging about all the money they’ve made in self-storage investing, and then you come to find out that the story is from the 1980s? Indeed, it would seem that most of the self-storage success stories out there are from an era roughly 30 to 40 years ago. And that’s a problem if you are looking to these stories to help you make money in today’s world.
Read MoreA recent study by a well-respected research firm produced some interesting statistics that should be of interest to any RV park buyer or owner. It helps to put into perspective the real motivations by RV park customers in the post-Covid era.
Read MoreWhen I first got into the billboard business I was always searching for areas that had plentiful billboard locations to examine. And then I found a small town in a very desirable area that only had one legal billboard location and I realized that having a complete monopoly was not a bad idea, either. I have learned that the tougher the billboard laws, the better for sign owners. Why is that?
Read MoreThe Surfside condo tower collapse is more than just a tragic tale of the unthinkable occurring. It’s also a wake-up call that there is massive risk in owning large, aging man-made objects and now that this is on the radar, we will now begin a period of bureaucratic over-analysis, a fee-grab by opportunistic engineering and third-party report companies, a liability windfall for personal injury attorneys, the loss of insurance coverage, the collapse of mortgage availability, and the end of life for those sectors of real estate that didn’t see this coming.
Listen To Episode 207Long ago, a couple of young men from the Midwest dreamed of better ways of building homes. Growing up in the days of Levitton, Lustron, Aladdin and National Homes, they saw that existing housing methods were obsolete and the potential boundless. Each of obtained good educations; one in engineering and the other in design.
Read MoreThere are different types of RV parks, but one of the most unusual is the “overnighter” which is basically just a parking lot for RVs stopping for the night on the way from Point A to Point B. In this RV Park Mastery podcast we’re going to discuss the unique attributes of this type of property and what you need to watch out for.
Listen To Episode 34The self-storage industry is highly consolidated by large REITs such as Public Storage. As a result, these titans like to buy “research reports” to help explain the current industry statistics for investors (which, not remarkably, typically just happen to support their business strategy). But for smaller investors, these reports may be lacking some of the information that reflects your business model as opposed to a REIT.
Listen To Episode 32Some billboards require a lot of effort to find an advertiser, and with other signs the advertisers flock to you. So what do you do when there’s a bunch of advertisers wanting your sign location? In this Billboard Mastery podcast we’re going to review some strategies to maximize your income when you’ve come across a really hot, in-demand location.
Listen To Episode 28Mobile home park owners rely on happy residents to make their business work. However, sometimes the community manager can be a blockade to the owner’s knowledge of his customer’s satisfaction. Without providing a good value, no mobile home park can succeed, as it will be unable to obtain or retain residents. So how can you keep a constant tab on this feedback?
Listen To Episode 206