Some cities have started restricting the age of homes that you can bring in to fill vacant lots. But can they legally do that? And what do you do if they decide to give it a try? In this Mobile Home Park Mastery podcast we’re going to explore how to correctly address this issue.
Listen To Episode 305The July 2023 Commercial Real Estate Investing Newsletter
Mobile home parks are, at their most basic, parking lots. And a growing number of these parking lots are being torn down to make way for new development. In this Mobile Home Park Mastery podcast we’re going to explore what’s behind this growing trend and what the ramifications are for the mobile home parks left behind.
Listen To Episode 304Typically you want the seller to make the first offer so that you don’t pay more than you needed to. But sometimes the seller refuses to throw out a number and you are suddenly put in the position of being both negotiator and appraiser. So how do you make that first offer? That’s the focus of this RV Park Mastery podcast.
Listen To Episode 83I recently leased two storage units – one in a city of 2.8 million and one in a city of 4,500. And the results perfectly illustrate where the money is in self-storage investing today and where the money definitely is not. And it’s amazing how the tide has turned.
Listen To Episode 81There’s no purpose to renting a billboard if you don’t get paid for it. And sometimes the advertiser’s check doesn’t come in and you start to panic. In this Billboard Mastery podcast we’re going to review the steps to take and how to solve the situation without losing the advertiser as a good customer.
Listen To Episode 77The conventional American retirement plan is often less than desirable, with current statistics painting a rather bleak picture for U.S. retirees: an average social security payment of $14,400 per year, average savings of $88,000, and approximately 70% of retirees receiving little to no pension. Add to this, current CD rates do not even keep with inflation – so you’re not actually getting anywhere as far as wealth-building. The question then arises: how can you secure a comfortable retirement under these conditions?
Read MoreAs you embark on your journey to rent a billboard, you've found a potential advertiser and you're about to meet with them. Should you present the contract right at the outset, aiming for a quick closure? Unless you want to risk losing the sale, it's recommended not to. In the realm of billboard rentals, the most effective strategy often involves closing the deal through a technique called "creative engagement". Let's delve into how this strategy unfolds.
Read MoreIf you’ve ever been to a “farmers’ market” you know that it offers superior selection and pricing to what you can get at the supermarket. And the mobile home park industry is like a giant “farmers’ market” in the way it’s structured and the opportunities that exist if you simply take advantage of the opportunity to shop there.
Read MoreThe process of due diligence holds paramount importance when purchasing a property. While a deal may appear promising and receive endorsement from brokers, it is crucial to thoroughly assess whether the value of the property aligns with its price.
Watch The VideoContrary to what woke media outlets may claim, mobile homes are very much mobile, and they are changing locales at a much faster rate these days. When a mobile home moves from one park to another it’s called an “organic” move – and it’s a great thing when you are the property they are moving to. So why are the number of “organic” moves increasing and how can you do more to attract these customers?
Listen To Episode 303Before investing in a self-storage facility it's crucial to do your homework and carry out a comprehensive due diligence process before finalizing the purchase of the asset.
Read MoreThere are a huge number of myths about mobile home parks, as well as some items that appear fantasy but actually work in reality. In this Mobile Home Park Mastery podcast we’re going to explore some of these theories and determine which are fact-based and which are nonsense. Many of these items can be of great importance in buying and operating mobile home parks, so it’s important to know which ones you can trust.
Listen To Episode 302One of the methods to find an RV park is to look at “online” listings –typically on RVparkstore.com or Loopnet.com. But there’s a lot you need to know about how to properly navigate this deal-finding platform. In this RV Park Mastery podcast we’re going to review the basics and give you some tips to be more successful in the online arena.
Listen To Episode 82You’ve got bank debt, and you’ve got seller carry – and then there’s the hybrid called a “wrap” note. But what does that mean, how do they work, and what do you have to watch out for? That’s the focus of this Self-Storage University podcast. If you’re looking at alternative financing options in the current interest rate climate, then this topic should be of great interest.
Listen To Episode 80A billboard is only of value if it makes money for the advertiser, and that requires a good marketing message. But how do you help the advertiser to get “creative” in the correct way to market their product or service? In this Billboard Mastery podcast we’re going to review some constructive techniques to create successful ad campaigns.
Listen To Episode 76To effectively market a storage facility, follow these key strategies: Set up and verify your Google My Business page for better online visibility. Use clear signage with bright colors and QR codes to provide directions and engage potential customers. Create a user-friendly website and streamline reservations with platforms like StoreEdge. Optimize your presence with localized Google ads and encourage positive reviews. Prioritize excellent customer service and implement a referral program. Develop high-quality marketing materials, offer promotions, and highlight safety features. Consider partnering with SpareFoot and explore local media advertising. Learn from successful competitors to establish your facility as a top choice.
Watch The VideoWhether you own a single mobile home park or a portfolio of properties, enhancing performance is essential for creating a welcoming environment and maximizing profitability. Recent technological advancements allow you to instantly pinpoint park inefficiencies and hold management accountable. This guide will provide an expanded perspective on how to leverage technology to swiftly optimize your mobile home park's performance.
Read MoreThat’s right, we have released Mobile Home Park Mastery’s 300th episode. That’s over 50 hours of recorded information on all aspects of the mobile home park industry and available right here. But how have things changed in this sector over the past six years – as we’ve been doing this podcast since 2017? In this Mobile Home Park Mastery podcast anniversary special we’re going to look back on the origins of the podcast and explore the top ten most significant changes to the industry since we first went on the air.
Listen To Episode 301