The Mobile Home Park Lawyer podcast

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Konten disediakan oleh Ferd Niemann IV. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Ferd Niemann IV atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

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The Mobile Home Park Lawyer Podcast

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The Mobile Home Park Lawyer Podcast with Ferd Niemann IV.

202 episode

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The Mobile Home Park Lawyer Podcast

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The Mobile Home Park Lawyer Podcast with Ferd Niemann IV.

202 episode

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Ep. 202 | Interview with Matt Owens on Raising Capital, Financial Engineering, and Managing Projects 36:12

2 hari yang lalu36:12

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36:12

Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we sit down with Mathew Owens, a CPA-turned-real estate investor who has bought, renovated, and sold over 1,000+ single-family homes, lent $35M+ to real estate investors, and raised over $150M in private capital. Mathew shares his expertise in mobile home parks, multifamily investing, private lending, and financial engineering to help investors maximize returns. Mathew dive into the importance of active investing experience, fund-to-funds structures for raising capital, and how to mitigate risks in mobile home park operations. He breaks down his process for managing large-scale renovations, structuring investment deals, and sourcing funding efficiently. Whether you’re an investor looking to scale, raise capital, or improve your financial modeling skills, this episode is packed with practical strategies for optimizing mobile home park investments. Tune in now to learn from Mathew’s real-world experience and discover how to implement smart financial engineering in your deals! Highlights of the episode: 00:34 – Guest intro: Mathew Owens 01:45 – Leaving a CPA firm to invest full-time in real estate 03:02 – From single-family flips to mobile home parks and multifamily 05:10 – Hands-on investing experience before outsourcing 07:48 – Managing large-scale renovations 10:30 – Financial engineering and structuring deals the right way 14:15 – Raising capital legally and efficiently 18:20 – What makes mobile home park investing different from other asset classes 22:12 – Sourcing mobile home parks 25:50 –Working with contractors and how to keep projects on track 29:10 – Risk mitigation strategies for mobile home park investing 33:45 – Where to connect with Mathew Owens Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://ocgproperties.org/en/home-default/ Linkedin: https://www.linkedin.com/in/mathewowens/ Instagram: https://www.instagram.com/mathew_owens1/ Linktree: https://linktr.ee/mathewowensocg #MobileHomePark #RealEstateInvesting #PassiveIncome #ValueAddInvesting #MHPInvesting #RaisingCapital…

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Ep. 201 | Interview With MHP Owner Cory Harelson on How To Survive An Unplanned Emergency 42:45

9 hari yang lalu42:45

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Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we sit down with Cory Harelson, a structural engineer turned mobile home park investor, to discuss key lessons learned from buying, operating, and improving mobile home communities. Cory shares his journey from working long hours in engineering to discovering mobile home park investing and building a thriving portfolio. Cory and Ferd discuss the challenges and successes of mobile home park acquisitions, including navigating zoning issues, scaling up with off-market deals, and managing private utilities. Cory dives into his most challenging deal—a wastewater treatment plant disaster—and how he overcame a $1 million setback. He also shares insights on sourcing off-market deals, utilizing virtual assistants for property management, and why ugly parks in great locations can be hidden gems for investors. Whether you're a seasoned mobile home park owner or just getting started, this episode is packed with valuable insights on finding, financing, and optimizing mobile home parks. Tune in now to learn from Cory’s real-world experiences and discover how to scale your mobile home park investments successfully! Highlights of the episode: 00:34 – Guest intro: Cory Harelson 01:50 – Leaving engineering to invest in mobile home parks 03:10 – Finding the first deal through Craigslist 05:12 – Scaling up with strategic acquisitions 08:45 – A costly mistake with private utilities 10:58 – How a wastewater treatment disaster nearly derailed a deal 15:30 – Lessons learned from financial setbacks 19:40 – Turning challenges into investment opportunities 22:55 – Sourcing deals: Off-market vs. brokered transactions 26:38 – Using virtual assistants to scale operations 31:15 – The infill process: New vs. used homes 36:50 – Market predictions for mobile home park investing 40:10 – Where to connect with Cory Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://freedominvestinggroup.com/ Linkedin: https://www.linkedin.com/in/cory-harelson-81141414/ #MobileHomePark #RealEstateInvesting #PassiveIncome #ValueAddInvesting #MHPInvesting…

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Ep. 200 | Lessons from 24 Mobile Home Park Acquisitions 26:52

8 weeks yang lalu26:52

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Welcome back to the Mobile Home Park Lawyer Podcast! In this milestone 200th episode, we take a deep dive into the lessons learned from 24 mobile home park acquisitions. Host Ferd Niemann reflects on the key takeaways from his deals, covering everything from value-add strategies, zoning battles, tenant challenges, infill processes, and successful exit plans. Ferd breaks down his business approach to off-market acquisitions, rent increases, submetering utilities, and creative financing. He shares firsthand experiences on how some deals turned out better than expected, while others presented unexpected zoning, tenant, and infrastructure issues. From flipping small parks to stabilizing large ones, this episode offers a candid look at the successes, struggles, and strategies that shaped his portfolio. Whether you're a new or seasoned investor, this episode is packed with actionable insights on mobile home park investing, value creation, and risk mitigation. Tune in now to hear what worked, what didn’t, and what to watch out for in your next mobile home park deal! Highlights of the episode: 00:34 – Lessons learned from 24 mobile home park acquisitions 01:18 – Off-market deals, value-add strategies, and infill process 02:41 – Slow turnaround, park-owned home challenges, and eventual success 04:02 – Why strategy matters in acquisitions and resale 05:34 – Zoning and why cities can make or break a deal 07:19 – Infill parks: Costs, financing, and demand challenges 09:01 – Zoning rights and the impact on park expansion 10:45 – Paying a fair price vs. getting a bargain 12:32 – High-density parks: The pros and cons 14:26 – When a park needs drastic changes to improve safety 16:30 – Rural mobile home parks: Logistics and demand struggles 18:03 – Park-owned homes to tenant-owned homes 19:42 – Turning a B-class park into an A-class investment 21:07 – The danger of trusting seller representations 23:00 – When a “hot” market turns out to be slow-moving 25:47 – The most important lessons from 24 mobile home park acquisitions Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer #MobileHomePark #RealEstateInvesting #PassiveIncome #ValueAddInvesting #MHPInvesting…

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Ep. 199 | Interview With Margaret Ascher on Tax Tips and Tricks 39:58

11 weeks yang lalu39:58

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Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we dive deep into tax strategies and opportunities for mobile home park investors with Margaret Asher, a seasoned CPA with over 15 years of experience specializing in real estate accounting and tax services. Margaret shares her expertise on cost segregation studies, bonus depreciation, 1031 exchanges, and other critical tax-saving strategies that make mobile home parks an attractive investment. Margaret highlights the unique tax advantages of mobile home parks, such as the high percentage of land improvements qualifying for accelerated depreciation, and explains how investors can optimize their tax positions. She also provides practical insights into managing recapture rules, navigating partnership agreements, and planning for the future of tax policy under the new administration. Whether you're a seasoned investor or just starting, this episode is packed with actionable advice to maximize your returns. Tune in to learn how to leverage tax strategies to enhance your mobile home park investments! Highlights of the episode: 00:34 - Guest intro: Margaret Asher 01:09 - Journey into CPA work with mobile home parks 03:02 - Tax-saving opportunities in mobile home park investments 05:47 - Cost segregation studies and bonus depreciation 09:01 - Cost segregation for mobile home park owners 13:20 - Depreciation recapture: Ordinary vs. capital gains taxation 17:22 - 1031 exchanges and common pitfalls to avoid 20:41 - 1031 exchanges to defer taxes and trade up properties 26:09 - Advanced strategies for partnership structures and at-risk basis 33:00 - Upcoming tax policy changes 38:53 - Closing insights and how to contact Margaret Asher Connect with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connect with the Guest: Linkedin: https://www.linkedin.com/in/margaret-ascher-73aa782a5/ Email: margaret@djeadvisors.com #TaxStrategies #MobileHomeParks #RealEstateInvesting #CostSegregation #1031Exchange #PassiveIncome #AffordableHousing…

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Ep. 198 | Ferd Niemann on the Strategies for Finding and Fixing Pesky Water Leaks 23:19

14 weeks yang lalu23:19

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Welcome back to the Mobile Home Park Lawyer Podcast! In this solo episode, we dive deep into tackling one of the most persistent challenges for mobile home park owners: finding and fixing water leaks. Drawing on personal experiences and input from industry experts, Ferd shares actionable strategies and lessons learned when dealing with water loss, inaccurate billing, and maintenance inefficiencies in mobile home parks. Explore practical solutions like using submeters, isolating leaks with zone valves, and leveraging new technologies like thermal drones. You’ll also hear stories from the trenches, including creative (and sometimes unconventional) methods like witching sticks and sonar leak detection. Whether you’re a park owner or operator, this episode is packed with tips and advice to help you save money, conserve water, and better manage your properties. If you’re dealing with water loss in your park or looking to improve operational efficiency, this episode is a must-listen. Tune in now for insightful stories and practical advice! Highlights of the episode: 01:19 - Basic water loss solutions: Master meters and submeters 03:00 - Leak detection machines and witching sticks 05:15 - Sectioning parks with additional shut-off valves 07:01 - Costly lessons from draining fire hydrants 09:02 - Identifying leaks through historical property data 11:00 - Underground clay tiles and misidentified leak locations 12:45 - Risky but effective over-pressurizing techniques to find leaks 15:50 - Ensuring accurate city billing 18:12 - Hidden leaks from poorly capped lines and infrastructure 21:20 - Practice tips for maintaining property maps and anticipating future leaks 22:45 - Closing remarks and thanks to contributors Connect with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer #MobileHomePark #WaterLeaks #RealEstateInvesting #MaintenanceSolutions #PropertyManagement…

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Ep. 197 | Interview With John Neet on Exploring How Rent Control and Regulations Impact Appraisals 53:24

24 weeks yang lalu53:24

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Welcome back to the Mobile Home Park Lawyer Podcast! In this insightful episode, we’re joined by John Neet, a seasoned expert in mobile home park appraisals and valuation. John shares his vast knowledge on the complexities of rent control, the nuances of regional regulations, and how these factors impact property valuations, particularly in states like California with highly regulated markets. John discusses the intricacies of rent control policies and how they affect market value, tenant dynamics, and owner strategies. He sheds light on unique valuation challenges, such as factoring in vacant pads and fractional interests, while also delving into the current landscape of investment in mobile home parks. With decades of experience on the West Coast, John provides valuable perspectives on the future of regulatory changes and their potential to expand eastward, offering listeners essential insights into market trends and long-term investment strategies. Whether you're managing a small portfolio or a large one, this episode will give you a comprehensive look at property management challenges and opportunities in the mobile home park industry. Tune in now for a discussion filled with practical advice for any property manager or investor! Highlights of the episode: 00:34 - Guest Intro: John Neet 01:11 - Appraising mobile home parks and focus on the Western U.S. 03:30 - Rent control and its impact on California markets 05:45 - Localized rent control challenges 09:00 - Creative strategies for addressing rent control limitations 13:02 - Valuation of vacant pads 17:45 - Discussing cap rates in today’s economic environment 22:20 - Fractional interest valuation and ownership complexities 27:35 - Understanding local regulations for accurate appraisals 31:42 - Shifts in buyer demographics and new trends in park ownership 37:20 - The future of regulatory impacts expanding eastward 43:56 - Closing insights and how to contact John Neet Connect with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connect with the Guest: Website: https://www.johnneet.com/ Linkedin: https://www.linkedin.com/in/john-neet-b9b3ab12/ #RentControl #PropertyManagement #MobileHomePark #RealEstateInvesting #ValuationStrategies…

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Ep. 196 | Interview With Luis Platt on Bringing Your Community Up To Speed With High Speed Internet 27:42

25 weeks yang lalu27:42

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Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we’re joined by Luis Platt, who shares his unique journey from brokerage to becoming a vendor in the mobile home park (MHP) industry, now specializing in high-speed internet solutions with Quickbit Internet. Luis discusses the increasing need for reliable internet connectivity in MHPs and how fiber optic technology can help park owners attract higher-income tenants, enhance security, and improve overall property management efficiency. He explains how fiber optic internet infrastructure benefits residents who work from home, game, or rely on stable connections for daily needs, and how it can even help lower insurance premiums. From security enhancements to supporting work-from-home lifestyles, Luis offers valuable insights into how digital infrastructure is changing the landscape of mobile home park living and management. Whether you're managing a small portfolio or a large one, this episode will give you a look into the future of property management technology and how it can help your business grow. Tune in now for a great conversation filled with practical advice for any property manager or investor! Highlights of the episode: 00:32 - Guest Intro: Luis Platt 03:25 - Transition to Quickbit Internet and its role in the MHP sector 05:00 - Fiber optic technology without digging 06:50 - Benefits of high-speed fiber optic internet for MHP residents options 11:10 - Future-proofing communities with digital infrastructure 15:01 - Leveraging internet connectivity for better security and cost savings 20:31 - Impact of connectivity on residents' job opportunities and lifestyle 24:22 - Addressing challenges and misconceptions around MHP internet solutions 26:57 - Closing thoughts and how to contact Luis Platt Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://www.kwikbitinternet.com/ Linkedin: https://www.linkedin.com/in/luisplatt/ Instagram: https://www.instagram.com/kwikbitinternet/ #PropertyManagement #MobileHomePark #FiberOptic #TenantConnectivity #RealEstateTech…

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Ep. 195 | Interview with Tanner Buuck on Exploring Tools in Property Management Software 33:59

26 weeks yang lalu33:59

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Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we’re joined by Tanner Buuck, team lead at Yardi for manufactured housing sales. Tanner provides valuable insights into the world of property management software, sharing how technology is modernizing the operations of mobile home park communities. He discusses the challenges operators face, such as streamlining accounts receivable, improving tenant communications, and automating operations like utility billing and invoicing. Tanner highlights the tools that Yardi offers to simplify these tasks, making property management more efficient. From utilizing AI, implementing resident portals, and the benefits of automating collections to leveraging CRM systems for better marketing, Tanner provides actionable tips for operators to maximize efficiency in managing their properties. Whether you're managing a small portfolio or a large one, this episode will give you a look into the future of property management technology and how it can help your business grow. Tune in now for a great conversation filled with practical advice for any property manager or investor! Highlights of the episode: 00:00:48 - Guest Intro: Tanner Buuck 00:05:02 - Challenges operators face with modernizing operations 00:06:40 - Streamlining accounts receivable and utilizing property management software 00:08:47 - The evolution of AI in multifamily and manufactured housing 00:12:20 - Automating invoicing and improving operational efficiency 00:15:10 - Utilizing CRM tools to manage leads and tenant engagement 00:19:08 - Implementing resident portals and the importance of online payment systems 00:21:50 - Managing utility bill backs and compliance 00:26:30 - Automation in accounting and maintenance management 00:31:10 - Closing thoughts and where to find more information Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://www.yardibreeze.com/ Linkedin: https://www.linkedin.com/in/tbuuck/ Instagram: https://www.instagram.com/YardiBreeze/ #PropertyManagement #MobileHomePark #RealEstateTech #TenantManagement…

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Ep. 194 | Ferd Niemann on Right of First Refusals For Tenants - Pros and Cons 20:22

27 weeks yang lalu20:22

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Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we dive into the complex but crucial topic of the Right of First Refusal (ROFR) provisions in mobile home park (MHP) contracts and leases. Host Ferd Niemann breaks down the pros and cons of these provisions for both tenants and landlords, sharing insights on how the growing trend of statutory ROFR is impacting MHP transactions in various states. Ferd covers why ROFR is gaining traction in 16 states and discusses real-life examples where these provisions come into play, including the financial, operational, and legal challenges landlords face when selling parks. He also explores how these rules can protect tenants from sudden evictions and provide opportunities for them to own the parks they live in, while also addressing the strain these provisions can place on the landlord-tenant relationship. Whether you’re a park owner navigating state laws or a tenant exploring your rights, this episode will equip you with practical knowledge to handle the complexities of ROFR in real estate transactions. Tune in now for a comprehensive breakdown of this timely issue. Highlights of the episode: 00:00:34 Introduction and overview by Ferd Niemann 00:01:05 What is Right of First Refusal (ROFR) and why it's becoming more common 00:03:15 How ROFR provisions impact landlords’ ability to sell mobile home parks 00:05:22 Key challenges tenants face in executing a ROFR 00:08:07 Financial and legal considerations for landlords 00:11:15 Real-life examples of ROFR transactions gone wrong 00:14:32 How ROFR can affect landlord-tenant relationships 00:17:02 Legislative trends and the growing influence of tenant rights in real estate 00:19:02 Final thoughts on navigating ROFR as a park owner or investor 00:20:00 Closing remarks and where to find more resources Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer #RightOfFirstRefusal #MobileHomePark #RealEstateInvestment #TenantRights…

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Ep. 193 | Interview With Justin Donald: Insights From A Lifestyle Investor 46:26

42 weeks yang lalu46:26

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Welcome to another episode of the Mobile Home Park Lawyer Podcast! Today, we are excited to have Justin Donald, the founder of The Lifestyle Investor and author of the Wall Street Journal #1 bestseller "The Lifestyle Investor: The 10 Commandments of Cash Flow for Passive Income and Financial Freedom." Justin is on a mission to help people achieve financial freedom through low-risk cash flow investing. Justin shares his journey from his early days of investing to building a nine-figure net worth and creating a lifestyle-centric approach to investing. He discusses the importance of passive income, the power of mobile home park investments, and the strategies he uses to simplify complex financial systems. Justin also provides insights into balancing life and business, the significance of finding the right team, and the value of joining masterminds and learning from successful investors. Tune in to gain actionable advice on low-risk cash flow investing, building a lifestyle-focused investment portfolio, and achieving financial freedom. Highlights of the episode: 00:00:34 Welcome and introduction of guest Justin Donald 00:01:05 Justin's background and journey into investing 00:02:00 Discovering mobile home parks as a profitable investment 00:05:00 Transition to full-time investing and achieving financial freedom 00:11:20 Building systems and hiring the right team 00:15:15 Importance of off-market deals and finding invisible opportunities 00:20:30 Challenges in the mobile home park industry 00:26:40 Strategies for maintaining and growing a portfolio 00:35:00 Overcoming local government challenges 00:39:30 Closing remarks and how to find Justin Donald Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://justindonald.com/ Podcast: https://justindonald.com/podcast/ Instagram: https://www.instagram.com/justindonald/?hl=en Linkedin: https://www.linkedin.com/in/justinwdonald Facebook: https://www.facebook.com/justin.donald.79 Twitter: https://twitter.com/JWDonald1 Youtube: https://www.youtube.com/channel/UCCM-bhk3FxHQRDXXlDU2r2Q Linktree: https://linktr.ee/JustinDonald Book “The Lifestyle Investor” #MobileHomeParks #RealEstateInvestment #LowRiskInvesting…

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Ep. 192 | Interview with Aleksey Chernobelskiy on GP and LP Lessons And What To Look For In An Offering Memorandum 45:28

43 weeks yang lalu45:28

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Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we are thrilled to have Aleksey Chernobelskiy, an expert advisor for Limited Partners (LPs) and General Partners (GPs), as our guest. Aleksey shares his extensive knowledge on vetting and managing LP investments, providing valuable insights for both seasoned and aspiring investors. Aleksey delves into the current challenges in the real estate investment landscape, such as floating rate debt and the impact of changing cap rates. He explains the importance of thorough due diligence, understanding rate caps, and the nuances of capital calls. Aleksey also highlights the critical role of alignment of interests between GPs and LPs, and the significance of transparent communication and ethical practices in real estate syndications. Tune in now to gain actionable advice on how to navigate the complexities of real estate investments, evaluate potential deals, and make informed decisions to optimize your portfolio. Highlights of the episode: 00:00:34 Welcome and introduction of guest Aleksey Chernobelskiy 00:01:05 Aleksey's background and experience in real estate investment 00:03:15 Current challenges faced by GPs and impact on LPs 00:05:54 Understanding floating rate debt and rate caps 00:08:03 Evaluating capital calls and their implications 00:11:56 Alignment of interests between GPs and LPs 00:15:45 Importance of due diligence and transparent communication 00:20:04 Common pitfalls in real estate syndications 00:35:01 Aleksey's insights on ethical practices in real estate 00:39:37 Closing remarks and how to find Aleksey Chernobelskiy Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://www.centriocapital.com/ Email: aleksey@hey.com Linkedin: https://www.linkedin.com/in/chernobelskiy/ X: https://x.com/chernobelskiy #RealEstateInvestment #LPAdvice #MoblieHomeParks…

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Ep. 191 | Interview with Jordan Savitsky on Mobile Home Park Investments and Operational Insights 46:16

44 weeks yang lalu46:16

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Welcome back to the Mobile Home Park Lawyer Podcast! Today, we're excited to bring you a wealth of knowledge from our distinguished guest, Jordan Savitsky, with 50 West Capital. Jordan is an experienced entrepreneur with a background in various business ventures, including real estate and mobile home park (MHP) investments. In this episode, Jordan shares his journey from private equity to real estate, emphasizing his approach to learning by doing and the importance of thorough due diligence. He offers valuable insights into strategies for finding the right deals, navigating the challenges of different markets, and operational tips that can make or break your investment. Jordan discusses the nuances of managing park-owned homes, the importance of due diligence, and the value of having a working capital budget. He also highlights the significance of finding the right tenants and shares personal anecdotes about tenant screening and operational adjustments that have contributed to his success in the MHP space. Don't miss this insightful conversation that dives deep into the operational and strategic aspects of mobile home park investments. Whether you're a seasoned investor or just starting, Jordan's experiences and advice will help you navigate the complexities of the MHP market! Tune in Now! Highlights of the episode: 00:00:07 Introduction and overview by Ferd Niemann 00:00:34 Welcome and introduction of guest Jordan Savitsky 00:05:04 Initial deal criteria and lessons learned from the first deals 00:07:46 Importance of due diligence and working with experts 00:14:57 Value of park-owned homes and strategies for managing them 00:19:08 Tenant screening and the importance of finding the right tenants 00:26:52 Operational tips and experiences post-closing 00:36:29 Strategies for marketing and attracting the ideal tenant demographic Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Email: jordan@50westcapital.com Linkedin 50West: https://www.linkedin.com/company/50west-capital/ Linkedin Jordan: https://www.linkedin.com/in/jordan-savitsky-64505b23/ #MobileHomePark #RealEstateInvestment #OperationalInsights…

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EP. 190 | Case Study: How to Survive a Deal when Everything Seems to Go Wrong 34:14

45 weeks yang lalu34:14

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Welcome to another episode of the Mobile Home Park Lawyer Podcast with your host, Ferd Niemann. In this Independence Day special, we celebrate freedom and community while diving deep into the world of mobile home parks. In this episode, Ferd dives into a case study that showcases how to manage a mobile home park investment when everything seems to go wrong. This real-life example highlights the challenges and lessons learned from a deal that didn't go as planned, yet still resulted in a modest profit. The deal, located in Missouri, spanned from early 2021 to late 2023, covering 22 months of ownership. The park, consisting of 36 sites, was initially under contract for $850,000 but was ultimately purchased for $650,000 and later sold for just under $1.8 million. Business Plan The business plan included various improvements: repairing roads, sub-metering water and sewer, infilling homes, renovating and demolishing homes, and adding signage. The park also featured small amenities like a playground and picnic area. Challenges Faced However, numerous challenges arose throughout the process. These included acquisition issues like disagreements on pricing and retraining negotiations, as well as operational hurdles such as cost overruns, problems with concrete measurements, lot slopes, and unexpected electrical upgrades. Additionally, changing city regulations on home placements and power line requirements added to the complexity. The park also faced tenant problems, including evictions and vandalism. Lessons Learned Despite these obstacles, several key lessons were learned. The importance of thorough due diligence and planning for unforeseen expenses became clear. Flexibility in adapting to new challenges and regulations proved essential. Effective community management, especially in handling problematic tenants and improving park safety, was crucial. Tune in to this insightful episode to learn more about surviving and thriving in the mobile home park industry. Timestamps: 00:00 Buying and selling mobile home parks, with a focus on value-add strategies and lessons learned. 02:10 Real estate deal with cost overruns and permitting issues. 06:40 Electrical issues in a housing development. 09:51 Electrical code violations in a mobile home park. 15:38 Drug use and crime in a neighborhood, including a violent incident and a renovation project. 21:22 Winter home challenges and repairs. 24:28 Challenges with a mobile home park, including tenant issues and cost overruns. 29:31 Challenges and lessons learned from renovating a mobile home park. Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer #MobileHomePark #RealEstateInvestment #Deals…

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Ep. 189 | Case Study: Interview With Frank Rizzo on How To Tackle Value Add Turnaround Projects 40:36

45 weeks yang lalu40:36

40:36

Welcome back to the Mobile Home Park Lawyer Podcast! Today, we have an engaging episode featuring Frank Rizzo, co-founder of Stone Capital. Frank is a value-add specialist with extensive experience in redeveloping mobile home parks and other real estate assets. In this episode, Frank shares his journey in the mobile home park industry, focusing on deep value-add opportunities, infill strategies, and infrastructure improvements. He discusses the importance of thorough market analysis, balancing the challenges of infill projects, and the strategic considerations for acquiring parks with varying occupancy levels. Frank and Ferd dive into operational tips, including the benefits of early infrastructure improvements, the significance of tree and road work, and the nuanced approach to rent increases. Frank also highlights the challenges and successes of managing multiple parks within the same market and shares valuable lessons learned from his extensive experience. Tune in now to gain insights on value-add strategies, market dynamics, and practical tips for optimizing mobile home park investments! Highlights of the episode: 00:00:34 Welcome and introduction of guest Frank Rizo 00:01:05 Frank's background and entry into the mobile home park industry 00:03:15 Balancing infill projects and market absorption rates 00:05:54 Operational challenges and the importance of team logistics 00:13:26 Strategic approaches to rent increases and community improvements 00:27:15 Value-add success story in Laurinburg, North Carolina 00:33:14 Tips and lessons learned for value-add investments 00:39:01 The importance of having a good attorney Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://www.stonecapinv.com/ Linkedin: https://www.linkedin.com/in/frank-rizzo-20818843/ #MobileHomeParkInvesting #ValueAdd #OperationalTips…

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Ep.188 | Interview with Walter Johnson on Marketing to Find Deals Directly 35:44

49 weeks yang lalu35:44

35:44

Welcome to a new episode! Today, we take a deep dive into the world of real estate investment and market dynamics with our distinguished guest, Walter Johnson, Founder & CEO of SONOS Capital. With over 16 years of experience spanning the Real Estate and Banking Industries, Walter brings a wealth of expertise to the table. Known for his adept leadership and passion for continuous improvement, Walter has served in various capacities, from Real Estate Investor & Vice President to High Converting Banker & Sales Manager. In this episode, Walter shares invaluable insights into strategies for finding and managing deals in the real estate market, navigating the challenges and potential benefits of dealing with private utilities, and implementing effective strategies for bringing in new homes to a mobile home park. He also discusses the challenges and expansion plans in the real estate market, the potential for competition and consolidation in the mobile home park industry, and offers tips for increasing cash flow amidst market consolidation. Don't miss this opportunity to gain wisdom from Walter Johnson as he navigates through these dynamic topics, offering guidance that could redefine your approach to real estate investment. Tune in now to discover cutting-edge strategies and ensure your investments thrive in today's ever-evolving market landscape! Highlights of the episode: 00:00:07 Guest Introduction & Background: Walter Johnson 00:02:30 Strategies for finding and managing deals in the real estate market 00:04:58 The challenges and potential benefits of dealing with private utilities 00:09:59 Strategies for bringing in new homes to a mobile home park 00:14:58 Challenges and expansion plans in the real estate market 00:19:59 The potential for competition and consolidation in the mobile home park industry 00:24:54 Consolidation in the market and tips for increasing cash flow Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: www.sonoscapital.com Linkedin: https://www.linkedin.com/company/sonos-capital/ #MobileHomePark #ManufacturedHomes #MarketInsights…

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Ep. 187 | Interview with Chuck Schierbeck on Manufactured Mastery: Navigating Mobile Home Investments and Market Trends 42:06

1 year yang lalu42:06

42:06

Welcome to a new episode! Today we take a deep dive into the world of manufactured housing and commercial real estate with our distinguished guest, Chuck Schierbeck II, MAI, MICP. As a seasoned Valuation Services Director and a real estate market analyst with a nationwide reputation, Chuck brings a wealth of knowledge and expertise in appraising and analyzing property across the United States. With experience spanning four decades and assignments completed in over 40 states, Chuck has become a trusted voice in the industry, particularly in the niche of manufactured home communities. Whether it's office buildings, regional shopping malls, industrial facilities, or multifamily residential developments, Chuck has done it all. In this episode, Chuck unpacks the current state of the real estate market in the wake of the pandemic, detailing how shifts in the market have impacted property values and sales. He'll delve into the intricate dynamics of property valuation, discussing the critical factors that influence the classification and worth of properties, and share his seasoned perspective on the specific expenses and ratios relevant to the manufactured housing industry. Furthermore, Chuck will highlight the unique benefits and considerations of investing in a 55+ community in Buffalo, NY, and offer his expert advice on valuing properties and sidestepping common pitfalls. For those looking to enhance the occupancy and profitability of park home communities, Chuck's insights into effective strategies are invaluable. Don't miss this chance to gain crucial insights from Charles Schierbeck as he navigates through these complex topics, offering guidance that could redefine your understanding of real estate investment. Tune in now to discover cutting-edge strategies and ensure your investments are both savvy and secure in today's ever-evolving market landscape! Highlights of the episode: 00:00:36 Guest Introduction & Background: Chuck Schierbeck 00:02:50 The current state of the real estate market and its relation to the pandemic 00:04:58 The impact of the pandemic on the sales market and property values 00:09:57 Factors affecting property value and the classification of properties 00:14:27 The expenses and expense ratios in the manufactured housing industry 00:19:53 The benefits and considerations of a 55+ community in Buffalo, NY 00:24:58 Valuing properties and avoiding common mistakes 00:29:57 Exploring strategies for increasing occupancy and profitability in park home communities 00:34:59 Insights on real estate and upcoming event Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://www.colliers.com/en Linkedin: https://www.linkedin.com/in/schierbeck/ #MobileHomeInvesting #ManufacturedHomes #PropertyValuation…

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Ep. 186 | Interview with Rachel Hernandez on Mobile Home Adventures: Investing, Wholesaling, and Sales 31:50

1 year yang lalu31:50

31:50

Welcome to our latest episode! Get ready to embark on another enlightening journey as we dive into the world of mobile home investing with Rachel Hernandez, best-selling author, real estate investor, and speaker renowned for her expertise in Adventures in Mobile Homes podcast. With over a decade of experience in real estate, Rachel has carved her path from landlord to mobile home investment specialist. Her accolades include #1 bestselling books on Amazon, recognition as the top writer for mobile homes on Quora, and features in esteemed publications such as Forbes and Motley Fool. In this episode, Rachel shares invaluable strategies for generating wealth in mobile home parks, drawing from her extensive hands-on experience. From tackling difficult tenants and pest problems to navigating the intricate structure of wholesaling deals, Rachel provides a comprehensive guide to success in the mobile home industry. Join us as Rachel sheds light on the pivotal role of sales representatives, unveils the challenges and frustrations inherent in buying and selling mobile homes, and offers indispensable tips for aspiring mobile home investors. Don't miss out on this exclusive opportunity to glean insights from Rachel Hernandez, where expertise meets inspiration, and the keys to successful mobile home investing await. Tune in now and unlock the secrets to financial freedom in the dynamic realm of mobile home parks! Highlights of the episode: 00:00:36 Guest Introduction & Background: Rachel Hernandez 00:01:04 Strategies for generating wealth in mobile home parks 00:05:03 Dealing with a difficult tenant and rat problem in mobile home investing 00:10:00 The role of sales representatives in the mobile home industry 00:15:00 The structure and approach of wholesaling deals 00:20:02 Challenges and frustrations in buying and selling mobile homes 00:25:01 Tips for successful mobile home investing 00:30:01 The benefits and motivations behind exchanging homes in mobile home parks Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://adventuresinmobilehomes.com/ Linkedin: https://www.linkedin.com/in/mobilehomegurl/ Youtube: https://www.youtube.com/c/AdventuresinMobileHomes Facebook: https://www.facebook.com/adventuresinmobilehomes #MobileHomeInvesting #WholesalingDeals #MobileHomeSales…

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Ep. 185 | Interview with Victoria Cowart on the Do's and Don'ts Concerning Pet Screening 41:27

1 year yang lalu41:27

41:27

Welcome to our latest episode! Let’s delve into the dynamic world of property management and pet regulations with our esteemed guest, Victoria Cowart. Victoria brings a wealth of expertise as the Director of Education & Outreach for PetScreening, coupled with years of hands-on experience in multifamily housing communities and HOAs. As a leading industry expert and educator, Victoria's mission is to empower property managers with the knowledge they need to navigate the complexities of pet-related laws and regulations. With a track record of guiding both large property management companies and independent rental owners, Victoria is dedicated to maximizing income while avoiding common pitfalls in mobile home parks and other rental properties. In this episode, Victoria sheds light on crucial topics such as clarifying the distinction between service animals and support animals, balancing the needs of assistance animals with property owner rights, and addressing discrimination towards certain dog breeds. She also emphasizes the importance of fostering a pet-friendly community and provides valuable insights into documentation guidelines for assistance animals in rental properties. Victoria shares practical strategies for handling pet-related issues, including the rights to reliable documentation and potential challenges in managing complaints. Additionally, Victoria walks us through real-world scenarios, such as navigating the approval process for Emotional Support Animals and the significance of implementing pet fees in communities. Tune in now for an enlightening conversation with Victoria Cowart, where expertise meets passion, and the intricacies of property management and pet regulations come to the forefront. Gain invaluable insights that will empower you to create thriving, pet-friendly communities while safeguarding the interests of property owners and residents alike Highlights of the episode: 00:00:45 Guest Introduction & Background: Victoria Cowart 00:01:03 Maximizing income and avoiding pitfalls in mobile home parks 00:05:00 Clarifying the distinction between service animals and support animals 00:10:00 Balancing the needs of assistance animals and property owners 00:15:01 Addressing discrimination towards certain dog breeds 00:20:00 The importance of caring for pets in the community 00:25:02 Guidelines for documentation of assistance animals in rental properties 00:30:01 Rights to reliable documentation and potential issues in handling complaints 00:35:00 The issue of an unauthorized Rottweiler in a building and the process for obtaining approval for an Emotional Support Animal 00:35:00 The importance of pet fees in communities Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://www.petscreening.com/ Linkedin: https://www.linkedin.com/in/victoria-cowart-cpm-naaei-faculty-3745984/ X: https://twitter.com/VictoriaCowart #PetRegulations #MobileHomeParkInvesting #PropertyManagementInsights…

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Ep. 184 | Interview with Douglas Raney on When and How to Amend A Contract 38:26

1 year yang lalu38:26

38:26

Welcome to our latest episode! Get ready to dive into the fascinating world of real estate law and development with our esteemed guest, Douglas Raney. Douglas brings over a decade of expertise as a real estate attorney and developer, with a knack for structuring and managing deals that set the stage for success. With a portfolio boasting millions of dollars’ worth of real estate assets bought and sold, Douglas is a seasoned professional in the field. From drafting and negotiating legal documents to advising clients on strategic deal structuring, his insights are invaluable. Join us as Douglas shares his wealth of knowledge on the intersection of law, business, and finance in mobile home park investing. From the importance of upfront communication and written contracts to the intricacies of clear and detailed amendments, Douglas offers practical advice for navigating complex deals. In this episode, we'll explore the significance of clear and specific terms in contracts, as well as effective communication strategies and timelines for contract amendments. Douglas will also address concerns about loan clauses in complicated deals and highlight the importance of identifying and addressing potential disputes early on. Tune in now for an enlightening conversation with Douglas Raney, where expertise meets experience, and the intricacies of real estate law and development take center stage. Get ready to gain invaluable insights into the world of business deals and contract negotiations. Highlights of the episode: 00:00:36 Guest Introduction & Background: Douglas Raney 00:01:00 The intersection of law, business, and finance in mobile home park investing 00:05:00 The importance of upfront communication and written contracts in business 00:10:03 The importance of clear and detailed amendments in contracts 00:15:00 The importance of clear and specific terms in a contract 00:20:00 Addressing concerns about a loan clause in a complicated deal 00:25:02 The importance of communication in business deals 00:30:01 Effective communication and timelines in contract amendments 00:35:00 The importance of identifying and addressing potential disputes in business deals Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://themhplawfirm.com/ Email: Douglas@TheMHPLawFirm.com #MobileHomeParkInvesting #BusinessContracts #BusinessandFinanceLaw…

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Ep. 183 | Interview with Pasha Esfandiary on Buying Parks Before They're All Gone and Buying With Scale 37:33

1 year yang lalu37:33

37:33

Welcome to our latest episode! Prepare to be inspired as we delve into the dynamic world of Mobile Home Park investing with a true visionary, Pasha Esfandiary, CEO of Evoke Capital. Pasha's journey from professional poker player to mobile home park investor is as fascinating as it is enlightening. With a career spanning over a decade in real estate, Pasha has amassed a wealth of experience, orchestrating over $250 million in transactions across various asset types. From flipping homes to managing large multifamily properties, his expertise knows no bounds. In early 2021, Pasha founded Evoke Capital, driven by his unwavering commitment to prioritizing people above all else. With a portfolio boasting 1850+ lots, Evoke Capital stands as a testament to Pasha's dedication to fostering financial freedom through real estate investing. In this captivating episode, Pasha shares invaluable insights into the intricacies of infill projects and their pivotal role in company growth. From strategies for investing in mobile home parks to the nuances of underwriting infill homes, Pasha offers a masterclass in navigating the challenges of the real estate landscape. Drawing on his philosophy of prioritizing experiences over wealth, Pasha discusses the importance of creating scalable systems in business and the transformative power of partnerships and education in unlocking true scalability. Join us for a riveting conversation with Pasha Esfandiary, where wisdom meets inspiration, and the pursuit of financial freedom takes center stage. Tune in now to discover the secrets to success in Moblie home park investing, straight from the visionary mind of Pasha Esfandiary! Highlights of the episode: 00:00:36 Guest Introduction & Background: Pasha Esfandiary 00:00:53 The journey of a professional poker player turned mobile home park investor 00:05:00 The importance and challenges of infill projects in company growth 00:10:01 Strategies for investing in mobile home parks 00:15:01 Challenges and variations in the process of underwriting infill homes 00:20:00 The benefits of a conservative approach in business 00:25:01 The challenges of selling mobile homes and the importance of creating systems for business scalability 00:30:00 The importance of experiences over wealth 00:35:01 Unlocking scalability through partnerships and education in real estate Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://www.evokecapital.net Linkedin: LinkedIn: https://www.linkedin.com/in/pashaesfandiary Linktree: https://linktr.ee/roadto100pod Instagram: https://www.instagram.com/pashaesfandiary/ #MobileHomeInvesting #Scalability #Partnerships…

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Ep. 182 | Interview with Nicholas Yale on Operating Hybrid RV and MH 38:13

1 year yang lalu38:13

38:13

Welcome to our latest episode! Join us as we dive into the world of mobile home park investing with a true expert, Nicholas Yale, Co-Founder of Liberty Capital Group. Nicholas embarked on his journey in 2020, and by the beginning of 2021, he closed his first deal, a 55-unit park in Florida. Since then, he's expanded his portfolio, acquiring a total of 10 parks, ranging from a 27 unit retreat to a spacious 67-unit haven. Nicholas has a unique passion for RV parks, and in the last two months, he's shifted his focus to these gems. As a hands-on investor, Nicholas self-manages all his properties and leverages technology to streamline operations. In this episode, Nicholas shares his insights on the strategies that have fueled his success in the mobile home park industry. He delves into the benefits and challenges of utilizing Campspot for campgrounds, explores the advantages of hybrid parks, and navigates the intricacies of their regulations. From managing mobile home communities to RV parks, Nicholas discusses the challenges faced and lessons learned, offering a wealth of knowledge for both seasoned investors and newcomers alike. Learn how Nicholas has mastered the art of streamlining operations, enhancing efficiency in property management, and embracing technology to its fullest. Discover the secrets to staff training, handling transactions, and the pursuit of achieving zero occupancy in parks. Don't miss this episode for a front-row seat to Nicholas Yale's invaluable tips and strategies for success in the dynamic world of mobile home park investing! Tune in now! Highlights of the episode: 00:00:36 Guest Introduction & Background: Nicholas Yale 00:01:12 Strategies for success in the mobile home park industry 00:05:00 The benefits and challenges of using Campspot for campgrounds 00:10:00 The advantages of hybrid parks and their regulations 00:15:00 Challenges and lessons learned in managing mobile home and RV parks 00:20:00 Streamlining operations and improving efficiency in property management 00:25:00 Challenges and solutions for staff training and handling transactions 00:30:00 Challenges and strategies for achieving zero occupancy in parks 00:35:01 Tips for success in the mobile home park industry Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://thefirmmhp.com/ Linkedin: https://www.linkedin.com/in/nickyale/ #MobileHomeInvesting #PropertyManagement #RVParks…

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Ep. 181 | Interview With Kirby Horton on Adding Value to Communities 44:15

1 year yang lalu44:15

44:15

Welcome to another episode! We sit down with Kirby Horton, Co-Chief Executive Officer of The Firm Inc., a seasoned expert with over 30 years in the insurance business and a remarkable 16 years dedicated to the world of manufactured housing. Kirby brings a wealth of knowledge acquired through years of buying, selling, and operating mobile home parks, primarily in the dynamic southeast US. In this episode, Kirby shares invaluable insights and advice on wealth generation in the mobile home park arena. From the successful acquisition and improvement of mobile home parks to strategies for a seamless exit, Kirby delves into the finer points of the industry. He discusses the pivotal role of creating a welcoming environment for businesses and the challenges faced when adapting to evolving circumstances. Kirby also emphasizes the importance of empowering and supporting community managers, incentivizing home improvements within mobile home parks, and the considerations one must weigh when buying new homes in communities. Join us as Kirby unravels the intricate process of preparing a lot for a manufactured home and sheds light on the changing terminology within the mobile home park industry. Whether you're a seasoned investor or someone intrigued by the mobile home park landscape, this episode promises a wealth of information and actionable insights. Tune in now for a masterclass in mobile home park investing! Highlights of the episode: 00:00:36 Guest Introduction & Background: Kirby Horton 00:01:51 Insights and advice for generating wealth in mobile home parks 00:05:00 The success of purchasing and improving mobile home park 00:10:02 Strategies for successfully exiting a mobile home park 00:15:00 The importance of a welcoming environment for businesses and the challenges faced when adapting to changing circumstances 00:20:02 Empowering and supporting community managers 00:25:00 Incentivizing home improvements in a mobile home park 00:30:01 Considerations when buying new homes in communities 00:35:01 The process of preparing a lot for a manufactured home 00:40:04 Changing terminology in the mobile home park industry Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://thefirmmhp.com/ Linkedin: https://www.linkedin.com/in/kirbyhorton/ Instagram: https://www.instagram.com/thefirmmhp/ Facebook: https://www.facebook.com/TheFirmIncTN #MobileHomeInvesting #ManufacturedHousingInsights #PropertyManagementTips…

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Ep. 180 | Interview with Jason Postill & Tyler Lekas on How to Grow Quickly in a Target Market 47:05

1 year yang lalu47:05

47:05

Welcome to our latest episode. Today, we're honored to have Jason Postill and Tyler Lekas, distinguished figures in the mobile home park investment field, sharing their expertise. Jason Postill After concluding his professional baseball career in 2015, Jason ventured into real estate, making significant strides. Joining a publicly traded real estate investment firm transacting over $46 billion annually, he specialized in multifamily and apartment property transactions. In 2019, Jason co-founded MHCI Group, now the largest private owner of mobile home parks in Arkansas. His expertise encompasses strategic planning, company systems, and operations, with direct responsibilities in marketing operations, acquisitions, debt placement, and investor relations. Tyler Lekas Tyler's career began as a Financial Advisor, managing a hybrid book of retail and institutional money at Stifel Nicolaus. In 2017, he delved into mobile home park acquisitions, swiftly becoming a prominent figure. As a partner in MHCI Group, Tyler oversees property management, construction, inspections, private utility expertise, and new/used home infills within each property. In this episode, Jason and Tyler share insights into various aspects of mobile home park investment. They discuss their strategies for success in acquiring and stabilizing mobile home parks, the nuances of investing in this unique sector, and the complexities of due diligence when purchasing lots for houses. Gain a peek into the decision-making processes of mobile home park tenants and delve into the challenges and risks associated with giving away houses for free. Learn how to turn challenges into profitable opportunities with success stories in Handyman Specials. The duo also reveals their proven methods for maximizing profits while minimizing costs and the effectiveness of cold calling in the mobile home park business. Gain firsthand insights into the hurdles and triumphs of operating mobile home parks. Join us for an episode packed with valuable insights, industry wisdom, and practical advice Tune in now! Highlights of the episode: 00:00:36 Guest Introduction & Background: Jason Postill and Tyler Lekas 00:01:02 Tyler & Jason's success in Mobile Home Parks 00:05:01 Acquiring and stabilizing mobile home parks 00:10:01 Investing in a mobile home park 00:15:00 Due diligence for purchasing lots for houses. 00:20:01 Understanding Tenant Decisions 00:25:03 The risks of giving away houses for free 00:30:01 Success with Handyman Specials 00:35:00 Maximizing profits and minimizing costs 00:40:01 Cold Calling: The Most Effective Way 00:45:01 Challenges of operating mobile home parks Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Jason Postill Website: https://www.jpcapitalsolutions.com/ Linkedin: https://www.linkedin.com/in/jpcapitalsolutions/ Tyler Lekas Website: https://www.jpcapitalsolutions.com/ Linkedin: https://www.linkedin.com/in/tyler-lekas-0087aa64/ #MobileHomeInvesting #RealEstateInsights #ProfitableStrategies…

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Ep. 179 | Interview with Emma Norman on Mobile Home Park Loans and Real Estate Financing Strategies 44:37

1 year yang lalu44:37

44:37

Welcome to another episode! Today, we sit down with Emma Norman, a Mobile Home Park Loan Specialist and Commercial Real Estate Specialist. Emma's passion for affordable and attainable housing shines through her unique journey and deep understanding of mobile home parks (MHPs). Having been a property manager for MHPs and RV parks, Emma brings a wealth of hands-on experience. Her love for Class Cs and Ds isn't about embracing trouble but rather kicking out the undesirable elements, making these communities safer and more secure for everyone involved. In this episode, Emma shares her perspectives on the Mobile Home Park Loans Market and Financing Commercial Real Estate. She delves into the lender's viewpoint on recourse loans, offering insights into securing financing for a property and navigating challenges like increasing liquidity requirements and deal cancellations.Emma sheds light on bankers' strategies to protect themselves in the complex world of real estate financing. Tune in as she provides invaluable tips for successful real estate financing, from securing a real estate loan to forming successful partnerships. If you're passionate about making a difference in communities and navigating the financial landscape of mobile home park investing, this episode is a must. Gain practical knowledge and be inspired by her dedication to creating a generational impact beyond the lucrative side of real estate. Join us for a conversation that goes beyond wealth – it's about making a lasting difference in the world of Mobile Home Park investments. Highlights of the episode: 00:00:36 Guest Introduction & Background: Emma Norman 00:01:57 Mobile Home Park Loans Market 00:05:00 Financing Commercial Real Estate 00:10:03 Lender's Perspective on Recourse Loans 00:15:00 Securing financing for a property 00:20:01 Increasing Liquidity Requirements & Deal Cancellations 00:25:00 Bankers' strategies to protect themselves 00:30:00 Tips for successful real estate financing 00:35:01 Securing a Real Estate Loan 00:40:02 Tips for forming a successful partnership 00:44:04 Closing Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://easternunion.com/ Linkedin: https://www.linkedin.com/in/emmalnormanmhp/ #RealEstateFinancing #MobileHomeParkInvesting #FinancialStrategies…

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Ep. 178 | Interview With Tim Woodbridge on Buying MHPs While Maintaining Happiness 46:26

1 year yang lalu46:26

46:26

Welcome to another episode! Today, we're talking with Tim Woodbridge, a multifamily real estate owner/operator with a journey into mobile home park investing. In December 2019, Tim acquired his first mobile home park, and now he oversees a portfolio of nine parks with just under 300 lots. His focus is on transforming distressed multifamily assets into thriving communities. A former registered nurse for over eight years, Tim transitioned from healthcare to mobile home park investing within two years of his first acquisition. In this episode, Tim discusses working smarter, recognizing deal parameters, the benefits of appraisals, actions for successful refinancing and real estate investing, planning for unexpected challenges, and the significance of working with brokers in real estate investing. For those interested in mobile home park investing, Tim Woodbridge's journey provides insights into the practicalities of working with brokers, navigating mobile home parks, and making strategic moves in the dynamic world of real estate. Tune in for a no-frills exploration of the industry from an experienced perspective. Highlights of the episode: 00:00:36 Guest Introduction & Background: Tim Woodbridge 00:01:27 Tim Woodbridge's Journey into Mobile Home Park Investing 00:05:00 Working smarter, not harder 00:10:02 Recognizing what you don't want in a deal 00:15:00 Benefits of Appraisals. 00:20:01 Taking Action for Refinancing and Real Estate Investing 00:25:00 Planning for the unexpected 00:30:00 The importance of good brokers 00:35:00 Working with brokers in real estate investing 00:40:01 Learning about mobile home parks 00:45:01 Tim Woodbridge's Helping Hand 00:45:55 Closing Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Linkedin: https://www.linkedin.com/in/tim-woodbridge-62894855/ Instagram: https://www.instagram.com/tim.woodbridge/?hl=en Facebook: https://www.facebook.com/tim.woodbridge.54 #MobileHomeParks #MHPInvesting #RealEstateInsights…

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Ep. 177 | Interview with Max Baker on How to Work With Brokers To Win More Deals 41:28

2 years yang lalu41:28

41:28

Welcome to another episode. Today we talk to Max Baker, CEO of The Mobile Home Park Broker. With a history in mobile home parks dating back to 2000, Max shares his journey into this niche, which began with hands-on experience in park management, rehabilitation, and sales. As the driving force behind The MHP Broker, Max boasts a remarkable track record, having successfully closed over $600 million in mobile home community deals since founding the company in 2009. He excels in structuring complex transactions, utilizing owner financing, research, outsourcing, and deal-making. This episode features Max's insights on creative financing, market dynamics, and valuable tips for buyers and sellers in this specialized field. Discover his strategies for closing deals and sealing off-market opportunities. If you're interested in mobile home park investments, this episode is a treasure trove of knowledge. Don't miss the full episode - tune in now for a masterclass in this unique industry! Highlights of the episode: 00:00:36 Guest Introduction & Background: Max Baker 00:01:16 Max Baker's Journey in Mobile Home Park Investing 00:05:02 Entering the Mobile Home Park Brokerage Business 00:10:01 Creative financing in real estate 00:15:01 Real estate market volatility 00:20:01 Real Estate Tips for Buyers and Sellers 00:25:01 Increasing the probability of closing a deal 00:30:01 Strategies for closing off-market deals 00:35:02 Navigating the Mobile Home Park Market 00:40:00 Assistance with buying/selling mobile home parks 00:40:55 Closing Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://themhpbroker.com/ Linkedin: https://www.linkedin.com/in/maxwellbaker/ Instagram: https://www.instagram.com/themhpbroker/ Facebook: https://web.facebook.com/themhpbroker/?_rdc=1&_rdr Youtube: https://www.youtube.com/channel/UCy51Xc8WnS93x2AIxFATCAQ #MobileHomeParks #MHPInvesting #CreativeFinancing…

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Ep. 176 | Interview with Jose Garcia on Working with Lonnie Dealers and Home Flippers in your MHP 22:22

2 years yang lalu22:22

22:22

In this episode, we sit down with Jose Garcia, widely known as the 'Trailer Park King' and the best-selling author of 'How to Become the Next Mobile Home Millionaire.' With over seven years of experience in mobile home park investing, Jose covers the southeastern United States and is on a mission to expand even further. He's an investor, coach, and mentor, guiding others to tap into the potential of mobile homes and trailer parks. In this conversation, Jose shares his journey in mobile home park investing, the role of Lonnie dealers, tips for tenant screening, unique considerations in mobile home investing, and how to deal with delays in lot rent while maintaining transparency. If you're looking for valuable insights from an industry expert, this episode is a must watch. Tune in now! Highlights of the episode: 00:00:36 Guest Introduction & Background: Jose Garcia 00:01:22 Jose's Journey to Mobile Home Park Investing 00:05:00 Investing in Mobile Homes with Lonnie dealers 00:10:01 Screening tenants for mobile home parks 00:15:01 Mobile Home Investing Considerations 00:20:00 Delays in lot rent and transparency 00:21:50 Closing Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://garciamobilehomeuniversity.com/ Linkedin: https://www.linkedin.com/in/jose-garcia-aba7b1158/ Instagram: https://www.instagram.com/garcia_mobile_home_university/ X: https://twitter.com/coach_investor Facebook: https://www.facebook.com/Garciamhu Youtube: https://www.youtube.com/channel/UCdrOrDV2nsxUOh-fS53S9zQ #MobileHomeInvesting #RealEstateMentor #FinancialIndependence…

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Ep. 175 | Interview with Ben Braband on How to Acquire MHPs with a Strategic Approach Towards Growth 39:57

2 years yang lalu39:57

39:57

In this episode, we sit down with Ben Braband, the owner of Saddleback Valley Communities, a mobile home park portfolio spanning 46 parks across 9 states. With experience as a former Los Angeles Police Officer and Naval Intelligence Specialist, Ben brings a unique perspective to real estate investment. Ben shares his journey in mobile home park investments, focusing on mitigating risks to compete with REITs. He also discusses raising capital in uncertain times and the challenges of borrowing money in today's real estate market. Listeners will gain insights into the current real estate market challenges and strategies for growing and scaling a business. If you're seeking tips and tricks from a seasoned pro, don't miss this episode. Tune in now! Highlights of the episode: 00:00:36 Guest Introduction & Background: Ben Braband 00:01:19 Ben Bravin's Mobile Home Park Journey 00:05:01 Mitigating risk to compete with REITs 00:10:00 Raising capital in uncertain times 00:15:00 The Challenges of Borrowing Money in Today's Market 00:20:01 Real Estate Market Challenges 00:25:01 Strategies for Growing a Business 00:30:01 Strategies for scaling a business 00:35:01 Scaling a business: Considerations and Challenges 00:37:50 Tips and Tricks 00:39:28 Closing Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://saddlebackpro.com/ Linkedin: https://www.linkedin.com/in/ben-braband-5661519/ Facebook: https://www.facebook.com/saddlebackvalley.communities #RealEstateInvesting #MobileHomeParks #RaisingCapital…

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Ep. 174 | Interview with Shawn Dwyer on How to Get Started Buying MHPs While Working a W2 Job 24:13

2 years yang lalu24:13

24:13

In this podcast episode, we interview Shawn Dwyer, the founder of Golden Oak REI and a seasoned Mobile Home Community Real Estate Investor. Shawn's mission is to assist busy professionals in creating passive income through recession-resistant real estate investments, offering solid returns with minimal risk. During this insightful discussion, Shawn delves into the nuances of Mobile Home Park analysis. He shares practical insights on navigating the market, considering the impact of narrow target criteria on deal discovery. Drawing from his extensive experience, Shawn reflects on the challenges and successes of managing his first park, offering valuable lessons for prospective investors. The conversation goes deeper as Shawn provides pragmatic advice for finding deals in today's competitive landscape. A notable highlight is Shawn's exploration of seller receptiveness, revealing the percentages of sellers open to discussion versus those who are more hesitant. He also discusses negotiation strategies, a crucial skill for successful real estate investing. For those seeking to embark on the path to passive income through recession-resistant real estate investing, this episode is a valuable resource. Shawn Dwyer's expertise and commitment to assisting busy professionals will leave you informed and well-prepared to navigate the mobile home community real estate sector. Tune in to gain insights on your journey toward financial security! Highlights of the episode: 00:00:42 Guest Introduction & Background: Sean Dwyer 00:03:22 Analysing Mobile Home Parks 00:04:59 How narrow targets affect finding deals 00:06:29 Managing the first park 00:07:34 Best lessons learned from the first park 00:10:50 Finding deals now 00:11:37 Percentage of sellers that are open to discussion vs. unwilling to discuss 00:17:45 Dealing with sellers 00:22:41 Tips Tricks and suggestions 00:23:30 Closing Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://goldenoakrei.com/ Linkedin: https://www.linkedin.com/in/shawn-dwyer-go/ #MobileHomeInvesting #PassiveInvesting #MobileHomeParkDeals…

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Ep. 173 | Interview With Steve Case on How to Use Master Lease And Option to Buy Parks 44:03

2 years yang lalu44:03

44:03

In this captivating podcast episode, we have the privilege of interviewing Steve Case, a retired Air Force pilot turned mobile home park investor and the mastermind behind mobilehomeuniversity.com. With a wealth of experience and a strong emphasis on education, mentorship, and networking, Steve has established himself as a seasoned veteran in the industry. In this insightful discussion, Steve delves into the topic of using the master lease and option to buy strategy for mobile home parks. He shares his expertise on how this unique approach can be leveraged to unlock hidden potential and maximize returns in the mobile home park investing space. Drawing from his own experiences and the guidance of his mentors, Steve emphasizes the critical role that education, mentorship, and networking have played in shaping his successful journey in mobile home park investing. He provides valuable insights and actionable advice for aspiring investors, highlighting the importance of learning from those who have paved the way to success. If you're interested in mobile home park investing or seeking guidance on utilizing the master lease and option to buy strategy, this episode is a must-listen. Steve Case's wealth of knowledge and passion for education will leave you inspired and equipped with valuable tools to embark on your own mobile home park investment journey. Highlights of the episode: 00:00:37 Guest Introduction & Background: Steve Case 00:05:40 SECO 00:09:05 Being Physically Present to Negotiate 00:14:03 Using the Right Custodian 00:18:53 Why Would One Want to Master Lease of the Option 00:23:13 How to Deal With Payment Issues 00:27:32 The Importance of Really Knowing the Seller 00:32:00 Taking Proper Due Diligence 00:36:05 Perry Alliance 00:38:58 “Secret Sauce” 00:42:16 The Networking 00:43:12 Closing Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer #MobileHomeInvesting #MasterLeaseAndOption #LearnFromTheVeteran…

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