Painting and sculpting requires creative thinking. But it doesn’t make any money. Indeed, creative deal making has limitations. In this Mobile Home Park Mastery podcast we’re going to review what you can and can’t accomplish with creative thinking when it comes to successful deals.
Listen To Episode 197The May 2021 Commercial Real Estate Investing Newsletter
Self-storage serves many roles for many customers. And, assuming that these customers all come from similar positions to need storage, it might be a good marketing plan to work backwards and match the key drivers for demand to ways to reach these distinct groups. So what are the top reasons for storage demand and how can you market to them?
Read MoreA common question we receive is “What would it take to replace my salary with a mobile home park?” We’ll be answering that question on this event titled “Swapping Your Salary With Spaces”. We go over the mathematics of how to replace $50,000, $100,000, $250,000 and $500,000 salary ranges with a comparable income from mobile home park investing, including what the playbook would look like.
Listen To The AudioMobile home retail dealers are typically all about selling new homes – mostly to people putting them out on their farm or ranch. But there’s another side to the retail story. In this Mobile Home Park Mastery podcast we’re going to discuss strategies to have dealers bring in and sell homes inside your mobile home park.
Listen To Episode 196Part of being a successful billboard investor is simply keeping your eyes open and being observant. In this Billboard Mastery podcast we’re going to discuss the concept of recognizing abandoned billboards and how to translate that into action steps. There can be big money in finding these opportunities but you have to know what to look for.
Listen To Episode 23It’s hard to operate a storage facility without someone being in charge. Sometimes it’s the owner, but more often it’s an employee. And with hiring people comes many important responsibilities. In this Self-Storage University podcast we’re going to review the basics of hiring and firing facility managers.
Listen To Episode 25There’s no better way to illustrate how the mobile home park business works than with a case study, so here’s a property in Colorado that we purchased, brought back to life, and sold years later – including all the numbers and how the profit drivers worked. As you will see, there’s a certain repetitive pattern to making money with mobile home parks.
Watch The VideoTeddy Roosevelt once said “nothing in the world is worth having or worth doing unless it means effort, pain or difficulty”. While Roosevelt never owned an RV park (although he did enjoy camping), his thoughts are as accurate today as they were over a century ago. In this RV Park Mastery podcast we’re going to explore the correlation between effort and progress and isolate what areas you should apply the most effort to.
Listen To Episode 27There’s a huge demand for affordable housing in the U.S. and one of the best ways to drive a mobile home park’s net income and value is through filling vacant lots. However, not all parks are created equal in this regard. In this episode we review the factors that can make a mobile home park incapable of filling lots in the correct manner, and this may well lead you to pass on that deal.
Listen To Episode 195Electricity was first made commercially available in 1879. Billboards – as we know them today – began in the 1920s, to there was never a moment when you could not illuminate a sign. However, the initial problem was how to do so effectively, as the early lights were not very good. Here’s a run down on the history of lighting billboard signs:
Read MoreThe concept of “income properties” revolves around that one sole focus: making income. There is no reason you would ever want to own a self-storage facility other than to make money. And making money is pretty simple too – you have to produce enough revenue to cover costs and your mortgage and still have cash flow to put in your pocket. Yet many of the largest self-storage companies fail miserably in this concept.
Read MoreAll mobile home park owners are striving to find new ways to improve the quality of life in their properties and, in return, feel warranted in raising lot rents to market levels. And one area in which many properties fail to meet their full potential is in ambient lighting – both for security and aesthetic reasons. High-qualify security lights look good in both day and night and give a much-appreciated form of extra value to your residents.
Watch The VideoJust as cicadas come out of the earth around every five years, so does the concept that there is a solution to affordable housing in placing mobile homes on vacant single-family residential lots. In this Mobile Home Park Mastery podcast we’re going to expose why this has always been a doomed idea and the reasons that it keeps coming up in conversations on a cyclical basis.
Listen To Episode 194The Biden administration is proposing new changes to all forms of government, including tax codes, immigration, energy and other platforms. Assuming that all investors want to be on the correct side of megatrends – which is true – it then begs the question: “how will these proposals effect RV parks in the years ahead?”
Read MoreMobile home parks have outperformed virtually all other sectors of real estate in recent years. But that’s only about to accelerate. The net effect of the new America – created by the impact from the pandemic, urban unrest, and the Biden administration – is about to create an environment in which all other sectors of American real estate take a beating and mobile home park revenues and values soar.
Read MoreAlbert Einstein once said “everything should be made as simple as possible – but not simpler”. In this same manner, it’s important to distill down all of the features of successfully building, buying and operating billboard signs to their most simple components. That’s the focus of this Billboard Mastery podcast. It took a lot of hard work to come up with these simple formulas.
Listen To Episode 22RV Park Mastery Podcast: Episode 26 - What Happens When A Seller Refuses To Share Their Tax Returns?
While every RV park owner files an annual tax return, some refuse to share those with the potential buyer and their lender. So what happens when the RV park owner refuses to provide these important documents? In this RV Park Mastery podcast, we’re going to review the impact of lacking tax returns when buying a property and how to use that as a tool to perhaps forge a better deal.
Listen To Episode 26One of the best sources for finding storage properties to buy are brokers. So how can you work with them to get access to their best listings? In this Self-Storage University podcast we’re going to review the methods utilized to forge successful relationships with industry brokers and to find good deals to make offers on.
Listen To Episode 24If you ask most clients at the Mobile Home Park Investor’s Boot Camp how they heard of the event, it’s typically from someone they know who had attended.
Watch The VideoMark Cuban recently said that “the intrinsic value of anything – Bitcoin, an ounce of gold, or a share of GameStop – is simply what people believe it is. Nothing else matters.” That has to be the worst investing theory of all time, and is the root of all speculative bubbles. In this Mobile Home Park Mastery podcast we’re going to discuss the concept of actually “investing” as opposed to “speculating” and why mobile home parks are not rooted in the whim of the public but in cold, hard cash.
Listen To Episode 193