In the ever-evolving landscape of investments, certain sectors have consistently demonstrated their ability to weather economic storms. One such sector is the self-storage industry. With its unique business model and inherent demand drivers, self-storage has proven to be a resilient investment choice, especially during economic downturns. Let's delve deeper into the stability and growth potential of self-storage during recessions.
Read MoreThe November 2023 Commercial Real Estate Investing Newsletter
The self-storage industry has emerged as a lucrative sector for investors, offering consistent returns and resilience against economic downturns. However, the success of a self-storage investment is heavily influenced by the market in which the facility is located. Choosing the right market is paramount, and there are several key factors that investors should consider to ensure they're making a well-informed decision.
Read MoreThe average tenancy of mobile home residents is around 14 years. But sometimes it’s only a few months. Some of this cannot be controlled but there are other factors that are within a park owner’s power to correct. In this Mobile Home Park Mastery podcast we’re going to explore what factors lead to short tenancy, its impact on your bottom line, and some practical tips to reduce this problem.
Listen To Episode 321Most of the time you are buying from the original mom and pop builder of the RV park. But sometimes you end up with the next generation – which could not be more different in goals and personalities. So how do you bridge the age gap? In this RV Park Mastery podcast we’re going to give you real-life tips on cutting deals with the heirs.
Listen To Episode 91With the turmoil in the lending market, finding ways to lock on lower interest rates – or just have a willing lender with knowledge of the asset – have become very important. And often this revolves around doing a loan “assumption” or some type of derivation of that concept. In this Self-Storage University podcast we’re going to review how loan assumption works and give you tips on how to successfully approach it.
Listen To Episode 89Wooden billboards have been around for over a hundred years, but finding someone to build these time-proven signs grows more difficult every year. In this Billboard Mastery podcast we’re going to review the different places to find contractors who can build wooden signs including tips on building them properly.
Listen To Episode 85In the world of real estate investment, interest rates play a pivotal role in determining the attractiveness and profitability of potential deals. As interest rates rise, the cost of borrowing increases, which can lead to a decrease in property valuations.
Read MoreIn today's digital age, marketing for self-storage facilities has evolved beyond traditional methods. With the rise of online platforms, businesses have a plethora of tools at their disposal to attract potential customers.
Read MoreThere are several methods to find RV Parks to purchase, including brokers, online listings, direct mail, and cold calling. On the topic of online listings, the most extensive website is RVParkStore.com, which has more RV Parks for sale than any other website.
Listen To The AudioThere is a seismic shift in America right now that will have wide-ranging ramifications for all industries including the mobile home park sector, and that’s the elimination of the “knowledge worker”. In this Mobile Home Park Mastery podcast we’re going to drill down on what “knowledge workers” are, why they are doomed, and how this change will have a megatrend impact on all industries and investments including mobile home parks.
Listen To Episode 320Investing in a self-storage facility can be a lucrative venture, but like all real estate investments, it requires thorough due diligence. Before diving into such a commitment, it's essential to understand the various factors that can influence the success and profitability of a self-storage facility.
Read MoreIn this video, Frank Rolfe gives a detailed review of the history of interest rates and how they impact the acquisition of mobile home parks. He also gives concrete strategies to forge deals in the new higher interest rate era based on time-proven approaches from the past.
Watch The VideoThe rise of remote work has been one of the most transformative shifts in the modern workplace. While the trend was already gaining traction, the COVID-19 pandemic accelerated its adoption, with companies worldwide adopting flexible work-from-home policies. This shift has had a ripple effect across various sectors, including real estate. One of the beneficiaries of this trend is the self-storage industry. Let's explore how remote work is driving demand for self-storage facilities.
Read MoreSam Zell has only been gone for a short while yet it appears that many buyers and sellers have already lost track of the art of imputing risk – the necessary element of factoring risk into buying and selling decisions. In this Mobile Home Park Mastery podcast we’re going to review the Zell formula on approaching the subject of risk and what some of the issues are when you don’t adhere to those principals.
Listen To Episode 319Of all the important formulas that revolve around RV Park investing, there is one simple fact that explains how the business functions and what makes RV Park investing successful. In this RV Park Mastery podcast we’re going to review what that fact is and the many ways it applies to the business.
Listen To Episode 90You can’t buy real estate with at least some cash for a down-payment. But what do you do when you exhaust your personal money yet still find deals to buy and need a source of the capital to get the job done? In this Self-Storage University podcast we’re going to explore the different types of capital partners and what their benefits and disadvantages are.
Listen To Episode 88The fundamental law of economics is “supply vs. demand” and that same formula holds true for every aspect of the billboard industry. So how can you apply this metric to every single part of the billboard business to determine what’s of value and what’s not? That’s our topic for this Billboard Mastery Podcast discussion.
Listen To Episode 84Inflation, the general increase in prices and fall in the purchasing value of money, has wide-ranging effects on various sectors of the economy. For investors, understanding how inflation impacts their portfolio is crucial. However, certain asset classes, like self-storage facilities, exhibit unique characteristics that not only shield them from inflation's adverse effects but also offer avenues for growth. Let's delve deeper into these dynamics.
Read MoreAll pre-HUD homes (built prior to 1976) have flat roofs. However, some park residents decide that a flat roof is unattractive and does not drain well (which is true) and endeavor to build a new pitched roofline on their existing flat one. This is called a “roof-over,” and it is precisely as the name implies. In this video, we review the issues with this concept from a park owner’s perspective.
Watch The VideoIn today's volatile investment landscape, investors are constantly looking for stable assets that offer consistent returns. Among the numerous investment options, self-storage stands out as a compelling choice. Let's delve into the reasons why.
Read MoreFew people realize that the U.S. Department of Agriculture is an aggressive lender on RV Parks. The USDA offers 25-year fully amortizing loans on RV Parks which may have no pre-payment penalty after three years and only around a $1 million minimum loan size. They will also finance RV Parks in rural locations. In this video we discuss with Bruce Hurta from Business Finance Depot the current lending market and the USDA program in particular.
Watch The VideoSince 1776, America has gone into an economic cycle of boom and bust, with recession a natural part of that process. And over the decades many smart investors have learned to actually embrace those economic disasters as a positive part of the process to creating wealth – and that includes mobile home parks. In this Mobile Home Park Mastery podcast we’re going to explore the good attributes of the pending U.S. recession and see what we can learn from those who dealt with this cycle in the past.
Listen To Episode 318Real estate has long been a favored investment avenue, offering stability and potential for significant returns. However, within the broad spectrum of real estate investments, there are distinct categories, each with its own set of advantages and challenges. Two prominent categories are alternative commercial real estate (self-storage facilities, mobile home parks) and traditional real estate, such as single-family homes and offices or malls.
Read MoreMany mobile home parks began as side hustles for landowners who built the park directly behind their houses so they could watch over it. Half a century later, these homes are still sitting in fairly prominent positions, but no modern owner wants to live in them. Instead, they have potential for several different uses. In this video, Frank Rolfe discusses the possible options for these old structures.
Watch The VideoA billboard is of no value unless it sells the advertiser’s goods or services – and it’s simple to do. In this video Frank walks you through the basics, using a billboard ad from 70 years ago as a template and then shows you how to use the same strategies today. As you’ll see, there’s a methodology to creating good ad copy – it’s not just random.
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