There is a national push to attack landlords under what many call the “free rent movement”. This woke ideology is that landlords are inherently evil and that housing rent should be controlled by the government or – better yet – forced to be provided at no charge. In this Mobile Home Park Mastery podcast we’re going to explain, in detail, why this movement is going nowhere, despite what some politicians may promise.
Listen To Episode 361The September 2024 Commercial Real Estate Investing Newsletter
Millennials have become a bigger demographic than Baby Boomers – and that’s fine because they seem to have the same love for RVs as their older predecessors. But the problem is that many RV Park owners are doing a poor job of welcoming in this younger segment of customers. In this RV Park Mastery podcast we’re going to review some basic steps to increase your share of the “younger generation”.
Listen To Episode 109Everyone likes to talk about giant storage deals because they associate size with “sexiness”. However, the truth is that many of those big deals are total failures and there’s nothing attractive about losing money. Instead, for many investors in self-storage, smaller deals offer greater safety and financial returns. In this Self-Storage University podcast we’re going to explore why smaller deals are often a better choice.
Listen To Episode 107Albert Dunlap was a corporate raider and turnaround expert on public companies in the 1970s through 1990s. He had one simple motto: “sell, sell, sell and cut, cut, cut”. Although his life ended in scandal when there were allegations of accounting fraud at one of his projects, he was heralded as the original powerhouse in restoring profitability to companies that had run out of steam. In this Billboard Mastery podcast we’re going to review how “Chainsaw Al’s” philosophy can be utilized by every billboard owner to increase profits.
Listen To Episode 103That's a quote from an economics newsletter I get. The point is that the U.S. employment numbers were deliberately fabricated by around a million jobs – recently revealed by corrections in the numbers. And that should make every American a little suspicious on where employment really stands, because we now know that actual data is being manipulated for the November election. More than likely there will be a huge reveal following the election and we will all be horrified by the lies (yet to late to do anything about it politically). So if we can't really trust the nation's responsibility in macro numbers, what can we do to examine the typical mobile home park resident base as far as its exposure to what may be an extremely unfavorable job market? Here are the basic facts:
Read MoreMobile home parks bring unique challenges that catch even seasoned real estate investors off guard. Investors often assume their experience in apartments, retail, or office space will give them an edge, but many fall short, overpaying for parks and managing them poorly. So, what makes mobile home parks so different?
Read MoreFinding the perfect RV park deal is a bit like panning for gold. The odds of finding a nugget on your first attempt are slim, and it requires patience, diligence, and the right tools. Many people imagine that great deals just fall into place with a stroke of luck or a rare moment of fate, but the reality is far from it. Just like prospecting for gold, success comes from sifting through many options until you find the one that holds true value.
Read MoreSeller financing is an often overlooked but highly beneficial option when negotiating the sale of a self-storage facility. Understanding how this works can significantly impact your discussions with sellers. Let's break down why seller-financed deals make sense and how to explain it in a way that resonates, particularly with older sellers.
Read MoreMany years ago, I wrote an article outlining what I called the "S-S-S" method—Spacing, Setbacks, and Survival—a simple yet effective approach to choosing the ideal spot for placing a billboard. While this method has been valuable to many in the billboard industry, the landscape has changed, and it's worth revisiting this approach to ensure its relevance in 2024.
Read MoreI have been talking about mobile home parks for nearly 30 years and the best park buying opportunity in history is about to start coming to a close. As a veteran of multiple recessions (and a park owner during the last two) here’s my rationale on why you will be really missing out if you don’t buy a mobile home park in this moment of the cycle:
Read MoreMany park owners use commissions to promote achieving certain management targets. They are designed to be highly effective tools of motivation, but too many owners don’t apply them properly or in the correct amounts. In this Mobile Home Park Mastey podcast we’re going to review the strategy behind effecting commissions to hit your targets.
Listen To Episode 360Bryce McMurray went to Boot Camp in 2016 and followed the established science to amass 17 parks with almost 2,000 lots
Watch The VideoThe United States has entered into uncharted territory regarding the premium it costs to own a home over rent one. From 1973 to 2022 the ratio of cost of ownership vs. renting averaged 1.03. It has now expanded to a mind-blowing 2.8 – nearly three times more. While the Biden administration has chosen to avoid this topic it needs to be addressed as it is going to impact rent levels nationwide and will bring about the largest increases in mobile home park lot rents in history in the years ahead.
Listen To Episode 359If you're looking for a quick and affordable solution to fill empty lots in your mobile home park, consider this: RVs. Short for recreational vehicles, RVs provide an immediate and cost-free method to boost your occupancy. Yet, many park owners overlook this effective approach when faced with vacancy issues.
Read MoreBuying an RV park can be exciting—until you discover it falls within a floodplain. While this may feel like a major setback, it's important to fully assess the situation before making a final decision. Not every floodplain designation is a deal-breaker, and there may be ways to work with or around it.
Read MoreWhen it comes to real estate, securing financing is often the linchpin for a successful deal. But how do you go about obtaining a loan for a self-storage facility? The process may seem complex, but by understanding your options and preparing effectively, you’ll improve your chances of success.
Read MoreOne of the most frequent questions I get is, “What would you do if you had to start over?” The answer is simple: I’d focus on wooden billboards. Despite being overlooked in the current market, they still deliver the highest return on investment in the industry, offering an unbeatable combination of affordability, practicality, and financial sense for advertisers, landowners, and billboard owners alike.
Read MoreMuch has changed in America since the pandemic, and one of those net effects has been the inability to hit time targets. Thirty days of diligence has been the standard in the RV Park industry for decades, but is that really realistic today? In this RV Park Mastery podcast we’re going to explore the diligence process and determine what the important deal points are regarding the selected time period.
Listen To Episode 108Most every self-storage property you look at buying seemingly has three sets of books: 1) what the seller promises you 2) the Profit & Loss statements they give you and 3) the tax returns. And the problem is that often these three different viewpoints don’t align. What does that mean and what can you do about it?
Listen To Episode 106To build a billboard you need a ground lease. And to get a ground lease you have to convince a property owner to agree and sign it. But what do you do when the owner says “no”. In this Billboard Mastery podcast we’re going to explore the next steps when a property shoots your presentation down.
Listen To Episode 102There is “good” fear and “bad” fear related to mobile home parks and in this short video we break down what these are!
Watch The VideoIf you’re tired of laboring in your day job or laboring to find an investment option that actually has high rates of return then look no further than mobile home parks. In this short video we discuss the four types of mobile home park investing options, and why three of them always seem to succeed while one of them always seems to fail.
Watch The VideoAs long as mobile homes are sold to fill vacant lots, there will always be a percentage of customers who will not make it to the of their mortgages. And with a recession officially arriving soon, the issue of home repossessions needs to be watched closely and planned for. In this Mobile Home Park Mastery podcast we’re going to drill down on the real facts regarding home defaults and how to proactively minimizing them.
Listen To Episode 358