America is at a breaking point on crime. It’s rampant, the system is overwhelmed, and in many states the judicial system itself has become dysfunctional. In times like these it’s up to the community owner to help to make their property the safest it can be. Not through adding expensive security personnel, but instead by enacting common sense strategies and enhancements to the mobile home park that help to deter and report crime when it occurs. That’s the focus of this Mobile Home Park Mastery podcast.
Listen To Episode 273The November 2022 Commercial Real Estate Investing Newsletter
Every storm cloud has a silver lining, and higher U.S. interest rates can be used as an important lever to obtain desirable seller financing on RV Parks. How does that work? In this RV Park Mastery Podcast we’re going to break down the action steps to convince the seller to carry paper, as well as tips on how to get the job done.
Listen To Episode 67Billboards are all about visibility. And the enemies of visibility are “obstructions”. In this Billboard Mastery Podcast we’re going to review what to do if your billboard has an obstruction and the techniques required to get that obstacle potentially removed or reduced.
Listen To Episode 61Sometimes you want to add on to your existing storage facility or make other modifications but you are blocked by city, county or state ordinance. In those cases you have only one alternative: obtaining a variance. But how does that work? In this Self-Storage University Podcast we’re going to discuss the variance process and tips to help you succeed based on past experience.
Listen To Episode 65Interest rates have skyrocketed around 4 points in 2022 – the largest jump in 40 years. While interest rates typically run in cycles, what if they never return to earlier levels and these new rates are not a fad but the new norm? In this Mobile Home Park Mastery podcast, we’re going o discuss the ramifications of these higher rates and project the impact if they never go down again.
Listen To Episode 272To build an additional stream of income – or entirely replace a day job – there are really only two options: 1) buy income properties or 2) buy a business or franchise. Of these two options, the income property route is far superior at this moment in U.S. history, and the mobile home park is the winning choice for an income property. So why is buying a mobile home park superior to buying a business or franchise? The reasons are numerous.
Read MoreOne of the best ways to illustrate how the mobile home park business model works is to examine the different parts of a park turn-around and show you the actual amounts of profit each action results in. And while we review the market and the park’s particulars, we show you an HD video of what the park looks like, so you know that we are not talking about 5-star retirement communities here.
Watch The VideoMortgage rates are now at 7.25% which is about double from where things stood in January. What impact does this shocking news story have on the mobile home park industry? In this Mobile Home Park Mastery Podcast we’re going to discuss the many byproducts of higher home mortgage rates – most of which are positive by nature and reflective of U.S. megatrends.
Listen To Episode 271Getting a loan to buy your RV park is an essential part of the business model, unless you are obtaining seller financing. So what really goes on in those bank loan committee meetings and how can you impact that discussion from outside the room? In this episode we’re going to discuss how banking works and what you can do to improve your odds of success.
Listen To Episode 66Interest rates are up – way up. It’s the highest level in 20 years and still has not peaked. What will be the impact of these suddenly higher rates on the self-storage industry and what can you do to protect yourself and your investments in this unprecedented environment? In this episode, we’re going to cover the history of interest rates, how they affect every level of the storage business, what you can do to mitigate these issues and even some predictions for the future.
Listen To Episode 64Billboards pay land rent for the right to be on a property. Sometimes that amount is small, based on the projected revenue the sign can produce. But don’t let anyone tell you that even a small sum “is not enough” to warrant their time working with you. In this episode, we’re going to discuss how to sell very rich people on accepting small amounts of money, and why it makes complete sense for a property owner to embrace the incremental benefit of a billboard on their property.
Listen To Episode 60For over a decade –from the moment that financial institutions popped up to finance new and used mobile homes– older park-owned units were often relegated to the scrap heap. But the soaring price of new and slightly used homes has rekindled the notion of bringing many of these formerly doomed homes back to life. In this episode we’re going to discuss the building blocks to determining if an old home could or should be salvaged and tricks we’ve learned about doing it the correct way.
Listen To Episode 270Nouriel Roubini is the New York University economist who rose to fame as the first to predict the 2007/2008 Great Recession and was given the name “Dr. Doom” for espousing what was considered then a heretical doomsday vision at a time when the U.S. economy appeared to be booming. Now “Dr. Doom” has issued his new predictions and we couldn’t agree with them more.
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