When doing due diligence on a mobile home park there are some things that you can’t leave to chance and others that you can tactically let slide. So when do you need permission and when do you ask forgiveness? That’s the topic of this Mobile Home Park Mastery podcast. As you’ll find out, there’s a definite strategy to it all.
Listen To Episode 309The August 2023 Commercial Real Estate Investing Newsletter
I shot this photo yesterday at our local Walmart down in Perryville, Missouri. I assume it’s the same nationwide. You have three vending machines that dispense three different product lines. And the middle machine – selling Pepsi products in plastic bottles – offers soft drinks for $2 while the other machines selling cans of Coke and generic brands are only $1. Clearly, there must be demand for the $2 Pepsi or Walmart would remove the machine. So how can Pepsi get $2 when Coke is only getting $1?
Read MoreIn this short video Frank Rolfe gives his thoughts about the considerations when choosing a “V” billboard and the ramifications are of that choice.
Watch The VideoRaising lot rents to market levels is a continual challenge as most mobile home parks currently sit at a fraction of where rents should be. Park owners spend hours ruminating over the how much to raise rents, not because they are constrained by market forces, but simply wanting to make sure that they are fair in how to do their calculations. In this Mobile Home Park Mastery podcast we’re going to review what the mechanics are of a successful rent increase.
Listen To Episode 308Many RV parks are seller financed and the topic of interest rates is always a part of that discussion. So how do you properly set the interest rate on a seller note? In this RV Park Mastery podcast we’re going to review the necessary steps and strategies to selecting the right rate.
Listen To Episode 85Real estate is all about leverage and obtaining debt is a big part of successfully buying a self-storage facility. So how do you find a bank? In this Self-Storage University podcast we’re going to give you the simple steps required to find a lender.
Listen To Episode 83Sometimes you have to craft a custom agreement with the landowner. Or a new advertising lease. Or maybe you need some loan documents reviewed. In each case you hire an attorney and wait in terror for your bill to arrive. In this Billboard Mastery podcast we’re going to review some simple steps that allows you to stay in control of your legal cost.
Listen To Episode 79Mobile home park investing is a strategy that stands resilient in good times and bad. In this special Lecture Series event, we delve into the science behind mobile home park investing, demystifying why it's possible to generate profits regardless of interest rates and the direction of the U.S. economy.
Watch The VideoMobile home parks are mostly a cashless business today, with virtually all residents paying by checks, money-orders or automated clearinghouse (ACH). However, before you put away your change drawer, there are still some instances in which accepting cash is vital. In this Mobile Home Park Mastery podcast we’re going to discuss why having a firm policy of “no cash accepted” can cost you significant money without a more flexible framework.
Listen To Episode 307There are few vendors as tough to handle as paving contractors. They have some basic methods to take advantage of park owners that you won’t learn until after it’s too late. In this Mobile Home Park Mastery podcast, we will explore the typical scams pavers have developed over the years and how to protect yourself from these unscrupulous methods.
Listen To Episode 306A good manager can really push your business forward – and a bad one can wreck it. And since even good managers can go bad over time, it’s important that you don’t provide your manager with the ability to cause you harm even after you’ve replaced them. In this RV Park Mastery podcast we’re going to review smart tactics to make sure that you can focus on your business and not the aftermath of a bad employee.
Listen To Episode 84One of the key components – in fact the first thing you notice when you pull into the facility – of any self-storage property are the paved surfaces. Unfortunately, there are some unscrupulous paving companies that see your dependence on road quality as an ample opportunity to trap you into paying more than you should. In this Self-Storage University podcast we’re going to review the typical paving scams and how to block them.
Listen To Episode 82“CPM” stands for “cost-per-thousand” exposures. It’s an important metric that many advertisers use to evaluate different advertising options so it’s vital that you understand how it works – as well as the loopholes that nobody talks about. In this Billboard Mastery podcast we’re going to review how CPM is calculated and everything you need to know about it.
Listen To Episode 78Hillary from Utah is a college piano professor. She wanted to establish a side income so she went to Boot Camp and bought a mobile home park. Three years later she sold it for a $1 million profit.
Watch The VideoIn 1958 when Marge didn’t get pregnant as hoped, I was drafted into the army, but got two breaks. I was sent to Alaska rather than Korea. That meant Marge could come up and live with me in Fairbanks if we could afford housing. We couldn’t. Apartment rent was so high there were more mobile homes per capita than anywhere.
Read More