The Biden administration is trying to push the narrative that the mobile home park industry might be the savior to the affordable housing crisis. Some of these initiatives have potential and others are just the same B.S. in new packaging. Who are the winners and losers in these proposed changes to everything from building codes to home financing? That’s the focus of this Mobile Home Park Mastery podcast.
Listen To Episode 248The May 2022 Commercial Real Estate Investing Newsletter
In 1996 I ventured into the mobile home park business with my first buy being a dilapidated old mobile home park built in 1951 called Glenhaven. I knew nothing about what I was buying or how it operated.
Read More“The Dyrt” is an RV park and campground site that offers users photos and customer reviews needed to make decisions on where to stay. Over the past decade, it has grown by word-of-mouth to over 30 million visitors per year.
Watch The VideoThe Wall Street Journal recently released an article touting a grassroots movement for rent control. It cites that U.S. rents are up 18% on average in some markets as the catalyst to a new world order in which rents are set by state government. So how realistic is the concept of rent control in the markets that have not embraced it over the past 100 years? There’s a lot more math to this issue than what the Wall Street Journal released to readers.
Read MoreRV parks come in a wide variety of sizes to fit every budget and goal, but which is the right size for you? In this RV Park Mastery podcast we’re going to examine how the size of the RV park impacts your investment and how to come up with the matrix of considerations to help you make that decision.
Listen To Episode 54Self-storage is a relatively simply business model, and without cash coming in there’s nothing to go out. As a result, collecting your rent is key. But many storage buyers and owners do not use good business practices in this basic – but vital – arena. In this Self-Storage University podcast we’re going to drill down on the right and wrong way to collect rent.
Listen To Episode 52The most important document for a billboard is the ground lease. It sets out the terms of the agreement between the billboard owner and property owner. In this Billboard Mastery podcast we’re going to go over some observations of creating a successful ground lease. And there’s so much to discuss that we’re going to break this up into two sessions.
Listen To Episode 48There are four methods of measurement regarding mobile home park performance: 1) cap rate 2) coverage 3) cash-on-cash and 4) cash flow. But what is each one and how do you derive it? And what is acceptable? That’s the focus of this Mobile Home Park Mastery podcast.
Listen To Episode 246I frequently get calls from people who are looking at the concept of mobile home park investing and tell me “looks like all the good deals are taken and there’s not much left out there” – which they gather from a quick glance at on-line offerings. This thought is not supported by the simple fact that only around 4,000 of the 44,000 mobile home parks are institutionally owned. But if 90% of mobile home parks are still in the hands of moms and pops, why is this not readily apparent? That’s the topic of this Mobile Home Park Mastery podcast in which we examine why the opportunity is bigger than meets the eye and what you have to do to tap into it.
Listen To Episode 247As an economics major from Stanford, the fist lesson learned is that markets move in cycles. But even an Uber driver summed up the main lesson in a recent cab ride:
Read MoreMobile home parks have no greater crime than surrounding subdivisions, but there’s no question that crime in America is way up and that holds true for all property types. So what can mobile home park owners do to reduce crime in their properties on a daily basis? In this Mobile Home Park Mastery podcast we’re going to drill down on concepts to proactive reduce crime and how to build a template to help eradicate it.
Listen To Episode 245Let’s assume that you have a storage owner who you are so close to getting to sign your purchase contract but can’t seem to get them to sign on the dotted line – how can you push them over the top? In this Self-Storage University podcast we’re going to discuss some real-life solutions to getting your deal over the goal line.
Listen To Episode 51Life is all about risk, but not all risk is created equal. And some of it can be hedged. In this Billboard Mastery podcast we’re going to drill down on the topic of risk and what you can do to mitigate it.
Listen To Episode 47We all need friends, but it’s not appropriate to list your RV park manager as one of them. In this RV Park Mastery podcast, we’re going to review how to have a successful relationship with your manager, but only on a business level to maximize profitability and minimize complications.
Listen To Episode 53Buying a mobile home park is an attainable strategy even in a depressed America. It is, perhaps, the last such opportunity left in U.S. real estate. But how big is that opportunity and how do you approach it? That’s the topic of this Lecture Series Event.
Listen To The AudioIf you have an RV park – or even an RV section inside of a mobile home park – you know that it’s essential to have a state-of-the-art reservation system.
Watch The VideoBetween the war in Ukraine and America plunging into the worst economy in 40 years, it’s easy to get depressed about the future. However, it’s always important to remember that not all futures are created equal. In this Mobile Home Park Mastery podcast we’re going to talk about navigating cycles, the contrarian nature of some assets, and the necessity of maintaining a calm head when all around you is in crisis.
Listen To Episode 244