Glamour camping is called “glamping”, and it has its roots in 16th century Scotland when the Duke of Atholl built luxurious tents to entertain King James V. Today’s version is focused on providing an upscale experience in the outdoors, and RV parks are the center of this travel offering. In this RV Park Mastery podcast we review what “glamping” is all about and how you might introduce it into your property’s list of options.
Listen To Episode 38The September 2021 Commercial Real Estate Investing Newsletter
The U.S. is always changing and growing, and smart investors try to stay current on the macro trends. In this Self-Storage University podcast, we take a look at current stats on economic vitality state-by-state, and try to draw conclusions from this data. As we will discuss, there has never been more volatility as “hot” markets cool and cool markets ignite. The key to making money is to invest in areas with strong futures, and understanding how America can have an impact on those decisions.
Listen To Episode 36I just talked to a guy named Tim who called to let me know he had just built his tenth billboard, and now was on-track to hit $50,000 per year in income. But it didn’t happen overnight. Tim has been assembling this sign portfolio for years. In this Billboard Mastery podcast we’re going to discuss why sometimes the best investment income is derived from assets that take years to assemble – and how this is actually a positive trait.
Listen To Episode 32The mobile home park industry has an unusual public relations strategy. We seemingly let the media abuse us on a regular basis and never offer any pushback. So for all those fake articles that have hit the media of late, this Mobile Home Park Mastery podcast provides the actual stats that give conclusive evidence that mobile home parks are the sole solution to the affordable housing crisis.
Listen To Episode 214There are a lot of businesses and real estate assets you can own. But few that give you as much freedom as mobile home parks do. In this event, Frank Rolfe gives you a video review of how owning mobile home parks can give you vast rewards that are greater than just financial.
Watch The VideoAmerica is in a unique position on investment returns, suddenly favoring speculation over income investing. And why not? Whether it’s Bitcoin or Tesla, values are simply based on “what people think things are worth” according to Mark Cuban. Whatever happened to the old-fashioned tie-back to earnings? In this Mobile Home Park Mastery podcast we’re going to discuss how America has entered the danger zone on valuations and how income-investing is the only way to avoid the inevitable collapse.
Listen To Episode 213It’s a generally valid observation that much of what looks too good on the surface turns out to be much worse in reality. If you’re thinking that RV park investing fits this bill, then there are two problems: 1) you are being unrealistic on this investing option and 2) you are not paying enough attention to the risks associated with buying the wrong RV park. RV park investing – like all real estate sectors – has good and bad attributes.
Listen To Episode 37“Sticky” is a slang term that relates to customer retention. The “sticky” customer will renew their rental agreement endlessly, while the customer that is not “sticky” will just throw their stuff in their pick-up truck and take off at any moment. So how “sticky” are your customers in reality and how bold can you be in your rent increases accordingly? That’s the subject of this Self-Storage University podcast.
Listen To Episode 35Most people think in terms of how “high” a sign can go and still be seen by traffic. But there’s a whole different side to that argument on some sign locations and that’s how “low” you can go and still make the sign effective. This is particularly true in some urban areas where signs were built long ago at very short heights. In this Billboard Mastery podcast we explore what the considerations are when buying or building a really “low” sign.
Listen To Episode 31There’s a science to profitably buying and operating mobile home parks, and no better way to understand this science than through case studies. This is a case study of a park we bought, turned-around, operated and sold in Indiana.
Watch The VideoAbout a decade ago I was at a mobile home park industry conference where a speaker gave a report on why single-family homes in the U.S. cannot be built at an affordable price. The reason was the high price of residential lots in most American cities, which average around $80,000 each. When you add the price of the home, the speaker remarked, there’s no way that even a small home could possibly go up for less than $150,000 or so. Recently a non-profit in Florida tried this unsuccessful strategy again and ended up with 900 square foot homes for over $200,000 https://www.msn.com/en-us/money/realestate/new-affordable-housing-ends-up-more-expensive-than-some-expected/ar-AAO2ryJ which they claim was partially caused by lumber price increases as a result of the pandemic. But it all simply points out that the mobile home park “moat” of affordable detached dwellings cannot be breached in a modern America.
Read MoreThere’s an old expression that says “better lucky than smart” and that’s been holding true for RV park owners for years no as all American megatrends are fueling continually higher demand for RV park lots and there is nothing on the horizon to reduce this phenomenon. So what are the trends pushing RV park occupancy ever higher?
Read MoreThe self-storage industry is going through some seismic shifts due to the new America, and one of these is described in this recent article about Global Self-Storage (GSS) and interview with their CEO, Mark Winmill https://www.wealthmanagement.com/investment-strategies/global-self-storage-ceo-points-smaller-markets-sector-s-future . Here’s what was said in the interview
Read MoreAmbient light is one of the best ways to secure your park and create a more attractive environment. Some Park owners think that solar lighting is just for aesthetics, but the truth is that modern solar lights can put out plenty of bright light, particularly along roads and paths. Introducing Gama Sonic’s newest and brightest option: the (GS-102) Modern Solar Light.
Watch The VideoMobile Home Park Mastery Podcast: Episode 212 - America Will Soon Learn The Concept Of Fightco Score
FICO scores are great when you’re trying to analyze the credit potential of someone buying a yacht on monthly payments. But more millions of Americans the entire concept of “credit rating” is merely theoretical and has no basis on real life. In this Mobile Home Park Mastery podcast we’re going to discuss what a “Fightco” score is and why that’s a far better measurement of performance.
Listen To Episode 212America has a new position on the concept of landlords: take their property without compensation and, better yet, public shame them. That plan of attack is about to backfire in a big way. In this Mobile Home Park Mastery podcast we’re going to review how the “war on landlords” is really going to end and it’s the alternative ending that won’t please the masses.
Listen To Episode 211One of the big attractions to owning mobile home parks is their very passive nature. You rent land and you collect rent. There’s no toilets to fix and no units to show. But even with a simple business model, complications grow as your holdings do, and many owners prefer to keep their involvement in day-to-day activities at a minimum. So how can you keep your mobile home park investing passive even as your holdings grow in size?
Read MoreB. Wayne Hughes is the “father” of the self-storage industry, having grown Public Storage from scratch into the world’s largest self-storage REIT with over 2,500 locations in the U.S. and overseas. He doesn’t typically say a lot, but there are quotes out there that might give a glimpse of his vision on storage and on life in general. In this Self-Storage University podcast we’re going to review the legend and quotes of B. Wayne Hughes and see what there is to learn from his story.
Listen To Episode 34Every RV park must have a manager, yet many owners don’t put nearly enough thought or strategy into getting the most out of these individuals (or even to monitor their performance at all). In this RV Park Mastery podcast we’re going to review some simple steps to aid in your selection and oversight of this vital part of your team.
Listen To Episode 36Once an advertisement goes up on your sign, you must then collect rent every month, every year, or whatever interval in your lease. And often you have to do some degree of action steps to get this accomplished. In this Billboard Mastery podcast we’re going to review the right – and wrong – methods to collect your sign rent.
Listen To Episode 30