Interest rates have risen about five points since 2022 – the fastest and highest increases in over 40 years. That has led many buyers to grow impatient for the distressed deals that many predicted. In this Mobile Home Park Mastery podcast we’re going to review where distressed deals come from, what the typical timetable is for their arrival, and when we think that period may begin.
Listen To Episode 354The July 2024 Commercial Real Estate Investing Newsletter
One of the big risk factors with billboards is extreme weather. But is there a way to strengthen signs to better withstand higher wind levels? In this Billboard Mastery podcast we’re going to review the methods that be used to make signs stronger and to mitigate the risks from heavy storms.
Listen To Episode 100The typical mom and pop seller has owned the RV Park for decades. But sometimes a seller has been running the property for a much shorter period, even a matter of months. What are the implications when a seller has been only a short-term owner? In this RV Park Mastery podcast we’re going to explore the risks involved in buying from one of these type of sellers, and how to mitigate them.
Listen To Episode 106Seller carry, bank debt, conduit financing – those are the typical ways you finance a self-storage facility. But there’s another method that rarely gets discussed: “hard-money” lending. In this Self-Storage University podcast we’re going to explore the concept of hard-money loans and drill down on the risks associated with this alternative funding source.
Listen To Episode 104David R. Williams was a formidable force in U.S. architecture and was hired by the U.S. government in 1941 to design and build what may serve as the first true large-scale mobile home/modular park. It was called Avion Village and was located on a vacant tract of land near Dallas. It was needed to provide housing for 300 households that would be working at a defense plant nearby. It's still there and is located at 800 Skyline Road in Grand Prairie.
Read MoreBurger King used the tag line “have it your way” in all their marketing since 1974 as a weapon against McDonald’s refusal to customize their burgers. But as a mobile home park owner you want to be much more like McDonald’s and not at all like Burger King in this regard. In this Mobile Home Park Mastery podcast we’re going to discuss why making exceptions with customers and managers often leads o catastrophe.
Listen To Episode 353As 10,000 baby boomers retire each day in the U.S., many are finding that their average social security check of $1,200 per month isn't enough for traditional housing options. For these retirees, RV parks offer a practical and enjoyable solution. Here's why RV parks make sense for retirees.
Read MoreBillboard advertising relies heavily on visibility. When a billboard’s message isn’t readable for long enough, its effectiveness plummets. Here’s how to determine if a read is too short and what steps you can take to manage this issue.
Read MoreBiden has a new talking point: If you re-elect him, he will enact a 5% annual rent increase cap on all landlords. Can he do that?
Watch The VideoMost mobile home parks have a mixture of old and new homes – but some have strictly pre-HUD vintage units. In this Mobile Home Park Mastery podcast we’re going to explore the good and bad attributes to having nothing but old homes from an era long ago.
Listen To Episode 352Not all commercial real estate is created equal. Some is reliant on “good times” and economic boom like shopping centers, hotels and office buildings. And others are “contrarian” and flourish when times are terrible. And the most “contrarian” investment property in the U.S. is the classic “trailer park”. Essentially a parking lot for mobile homes, these properties are 100% focused on affordable housing – a product that goes up in demand in inverse proportion to the decline of the U.S. economy. So how does the mobile home park asset class fit into the current torrent of U.S. bad news?
Read MoreIt’s been ten years since the article in the New York Times came out titled The Cold, Hard Lessons of Mobile Home U written by Gary Rivlin. It was a landmark piece of news at the time.
Watch The VideoTerrell from Texas has done incredibly well with his RV park as it’s ranked as one of the best in the U.S.
Watch The VideoEven though the amortization on a mobile home park mortgage is typically 25 to 30 years in length, the balloon comes due around year 5 to 10. Like a relay race, the successful mobile home park owner must make sure that the baton can be seamlessly passed to the next lender. In this Mobile Home Park Mastery podcast we’re going to review proactive methods to make that transition reliably smooth.
Listen To Episode 351Every good RV Park buyer uses a contract that has a “due diligence contingency” and the purpose is to allow you to cancel the agreement if the deal does not meet your expectations. But the art form is to terminate the deal without burning any bridges. In this RV Park Mastery podcast we’re going to review constructive steps to cancelling with the seller without causing hard feelings or being excluded by the broker to look at other deals.
Listen To Episode 105Whether you’re building a storage facility or just getting routine maintenance completed, you can’t really be in the storage business without working with contractors. But there is a certain etiquette to this relationship that is essential to protect your interests. In this Self-Storage University podcast we’re going to discuss how to properly structure your relationship with contractors and avoid their typical pitfalls.
Listen To Episode 99Most agreements have a definitive start and end date. But a good billboard agreement should never have the latter. In this Billboard Mastery podcast we’re going to discuss how to construct leases that never end.
Listen To Episode 99The RV Park business is a simple concept: You provide spaces for RVs to park. As a result, the more RVs on the road, the more customers in RV parks. If that’s the case – and it has been for decades – then the RV park industry is in for a great ride, thanks to demographic shifts in the U.S. and changing consumer tastes for RV products.
Read MoreSelf-storage owners all face a common challenge: how to make their facility stand out. Despite being a low-tech but highly competitive business, it can be difficult to differentiate one facility from another. Here are some strategies to consider for increasing visibility and foot traffic.
Read MoreThe landscape of billboard advertising varies greatly between rural and urban areas. This difference is often attributed to the type of advertisers – local versus national. Here are some insights into why local advertisers are generally more advantageous for billboard owners.
Read MoreBrokers frequently claim that a market is “hot” which they equate to being of superior quality and therefore worthy of potentially overpaying. But it this a good idea? Should you favor “hot” markets? In this Mobile Home Park Mastery podcast we’re going to explore this concept in depth and offer some constructive pointers regarding buying parks in these parts of the nation.
Listen To Episode 350