America is in a labor tsunami in which it’s harder to find and retain workers than ever before. In this environment, many mobile home park owners face the reality of managers asking for more money. But should you give in to their demands? In this Mobile Home Park Mastery podcast, we will review how manager compensation works and share thoughts on navigating this new reality.
Listen To Episode 289The March 2023 Commercial Real Estate Investing Newsletter
One often-overlooked aspect of mobile home park aesthetics is the presence of quality window coverings. The appearance of a property can be significantly impacted by the state of its windows, both in terms of the glass itself and the choice of coverings. This article will discuss the importance of selecting appropriate window treatments for mobile homes in a park setting, the benefits of doing so, and some practical solutions to ensure that your mobile home park maintains a cohesive and visually appealing appearance.
Read MoreWhen looking at buying an RV park, there are three units of mathematical comparison that are the most important: 1) cap rate 2) cash-on-cash, and 3) cash flow. In this RV Park Mastery podcast, we will drill down on what these are, how to calculate them, and what they mean when acquiring an RV park property.
Listen To Episode 75Not all real estate brokers are created equal, and some display their deficient skills – yet there is benefit from these brokers if you hang in there. In this Self-Storage University podcast, we will review the benefits of bad brokers and offer suggestions on harnessing their positive features to better find a self-storage property that meets your goals.
Listen To Episode 73Risk and reward are the two main attributes of building or buying a billboard. How these two items interplay yields whether you should build or buy that sign structure. In this Billboard Mastery podcast, we will review how to do this type of analysis and why it’s so crucial in evaluating potential opportunities.
Listen To Episode 69Mobile home prices have nearly doubled since the advent of Covid, and that has put a stress test on selling “trailers”. However, many mobile home parks continue to sell new homes despite the higher prices. In this Mobile Home Park Mastery podcast, we’re going to make some observations on what is needed to sell a $70,000 mobile home in today’s market.
Listen To Episode 288The collapse of Silicon Valley Bank – the second largest in U.S. history – may be ushering in a new era of banking collapse. In this Mobile Home Park Mastery podcast, we’re going to scientifically review the risk of mobile home park loans and explore some of the lessons I learned from the 1987 Texas Savings and Loan Crash.
Listen To Episode 287Billboards have gone up and down in desirability many times over the past century. It’s always the same cycle: advertisers find the next hot thing and then get burned out on it and return to their roots of delivering ad messages that really work. In this Billboard Mastery podcast, we’re going to review how the cycle has now gone full circle, and billboard demand and occupancy is going up.
Listen To Episode 68When the seller won’t agree to the amount you think the RV park is worth, is there anything you can do but simply walk away? In this RV Park Mastery podcast, we’re going to examine six different methods you can use to make deals happen even when the seller is originally reluctant to give you the price you need.
Listen To Episode 74Single-family home mortgage rates have risen faster in the past twelve months than at any time in the past 40 years. What’s the impact of this event on the self-storage industry? In this Self-Storage University podcast, we’re going to drill down on the granular effect of these higher rates and payments and come to some conclusions on where the opportunities and problems are.
Listen To Episode 72A few years ago Time magazine declared that “mobile home parks are the gated communities of the less affluent” and raved about their strong sense of community. In this Mobile Home Park Mastery podcast we’re going to drill down on the origins of that sense of community and what park owners can do to foster a stronger bond between residents.
Listen To Episode 286Jeremiah Boucher started with a dream and made that into a 1.5 million square foot self-storage portfolio of 61 properties in only 7 years. In this Self-Storage University discussion, we review how Jeremiah found and financed his deals, as well as what his thoughts and lessons learned are regarding investing in the self-storage sector. Hosting this discussion is Frank Rolfe, who has amassed over a $1 billion portfolio of real estate assets – with his partner Dave Reynolds – which includes self-storage holdings. Frank also started with just one property and offers his views on the storage niche. Jeremiah has achieved this level of success by focusing on the fertile sector of self-storage – suburban and exurban properties which you can buy directly from the original moms and pops – and avoiding the urban, often multi-story properties that are now faced with declining markets, rents, and occupancy.
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