Latest Mobile home parks Podcast Episodes
Handing Off The Lending Baton
Mobile Home Park Mastery - July 09, 2024 03:58 - 11 minutes ★★★★★ - 375 ratingsEven though the amortization on a mobile home park mortgage is typically 25 to 30 years in length, the balloon comes due around year 5 to 10. Like a relay race, the successful mobile home park owner must make sure that the baton can be seamlessly passed to the next lender. In this Mobil...
Understanding The Concept Of “Hot” Markets
Mobile Home Park Mastery - July 01, 2024 19:45 - 10 minutes ★★★★★ - 375 ratingsBrokers frequently claim that a market is “hot” which they equate to being of superior quality and therefore worthy of potentially overpaying. But it this a good idea? Should you favor “hot” markets? In this Mobile Home Park Mastery podcast we’re going to explore this concept in depth a...
The Perils Of Hiring The Manager From The Park Down The Street
Mobile Home Park Mastery - June 26, 2024 06:34 - 10 minutes ★★★★★ - 375 ratingsEventually the manager at the mobile home park down the street will inquire about being in charge of yours. Or one day you’ll get jealous that the community a few blocks over is nicer or fuller than yours and you’ll say “I wonder if I should approach that manager to work for me?”. In th...
Really Understanding Recourse
Mobile Home Park Mastery - June 17, 2024 08:00 - 10 minutes ★★★★★ - 375 ratingsAll borrowers prefer “non-recourse” lending, but is “recourse” really a deal killer? It’s all a matter of perspective. In this Mobile Home Park Mastey podcast we’re going to explore the issue of recourse and analyze the real risk and how to mitigate it.
Don’t Abandon “Cash For Keys”
Mobile Home Park Mastery - June 11, 2024 04:50 - 9 minutes ★★★★★ - 375 ratingsThere are some skills learned during Covid that we don’t need to throw away, and one of them is the concept of “cash for keys”. Born of desperation from the national evictions moratorium, this playbook of paying tenants to leave who can’t come up with their rent is still a win/win solut...
Where Did That Come From?
Mobile Home Park Mastery - June 03, 2024 17:30 - 13 minutes ★★★★★ - 375 ratingsWe’ve been trying to unlock the science of mobile home park ownership for three decades, but there are some unwritten rules that are not supported by math and nobody even knows where these supposed “truths” came from. In this Mobile Home Park Mastery podcast we’re going to review the od...
Analyzing Shipment Data
Mobile Home Park Mastery - May 28, 2024 01:39 - 10 minutes ★★★★★ - 375 ratingsMany people track how many mobile homes are sold in the U.S. and are only focused on the total number that are shipped each month. But the more important information for park owners is found in where those homes go. In this Mobile Home Park Mastery podcast we’re going to derive some mea...
Do You Need An Appraisal On A Seller-financed Deal?
Mobile Home Park Mastery - May 20, 2024 19:14 - 10 minutes ★★★★★ - 375 ratingsWhen the seller carries the financing they typically don’t require a formal appraisal. Despite the absence of a formal loan committee there’s still the need for a Phase I Environmental Report and a survey. But do you need to have an appraisal done? In this Mobile Home Park Mastery podca...
Fighting Back Against A “Rigged” System
Mobile Home Park Mastery - May 13, 2024 22:05 - 13 minutes ★★★★★ - 375 ratingsIt comes as no surprise that America has become enormously corrupt in so many ways. Simply watching the news gives you a full knowledge of how “rigged” our systems have become. In this Mobile Home Park Mastery podcast we’re going to explore what the corrupt systems are that mobile home ...
After-Sale Repairs
Mobile Home Park Mastery - April 29, 2024 08:00 - 10 minutes ★★★★★ - 375 ratingsEven if you sell a mobile home in “as is” condition and make no warranties, there is always the risk that the phone will ring with the homebuyer asking for a needed repair. In this Mobile Home Park Mastery podcast we’re going to review the obligations of the park owner from both a theor...
The Problem With Over-Qualified Managers
Mobile Home Park Mastery - April 23, 2024 01:56 - 10 minutes ★★★★★ - 375 ratingsVery few Harvard MBAs apply for jobs as mobile home park managers – and that’s probably a good thing. In this Mobile Home Park Mastery podcast we’re going to explore the problems with over-qualified managers and why they rarely work out despite having glamorous resumes.
Strategies To Get Contracts Signed
Mobile Home Park Mastery - April 15, 2024 08:00 - 11 minutes ★★★★★ - 375 ratingsYou cannot have a deal until both parties of signed. So how can you push the seller to sign on the dotted line after spending so much time on discussion? In this Mobile Home Park Mastery podcast we’re going to explore the different way to motivate sellers to execute the sales contract. ...
Broker Commissions And The Law of Unintended Consequences
Mobile Home Park Mastery - April 08, 2024 08:00 - 10 minutes ★★★★★ - 375 ratingsThe National Association of Realtors settled a class action lawsuit recently (following a $1.8 billion jury award in Missouri) and now the real estate commission of 6% that is baked into a standard single-family home transaction is changing to where the buyer no longer has to pay a comm...
Using The Power Of Charts And Graphs
Mobile Home Park Mastery - April 01, 2024 14:00 - 9 minutes ★★★★★ - 375 ratingsNumbers are words are great, but there’s something about charts and graphs that takes your management to the next level. In this Mobile Home Park Mastery podcast we’re going to explore the many ways that you can use visual elements in buying and operating mobile home parks for maximum p...
The First Steps After Closing
Mobile Home Park Mastery - March 23, 2024 04:23 - 10 minutes ★★★★★ - 375 ratingsWhen you’re buying a mobile home park it’s essential to start off on the right foot. In this Mobile Home Park Mastery podcast we’re going to review the vital first step strategies and explore what makes them so important. Since you never get second chance to make a first impression it’s...
The Rites of Spring
Mobile Home Park Mastery - March 11, 2024 08:00 - 10 minutes ★★★★★ - 375 ratingsSpring is an important season for mobile home park owners for many reasons. In this Mobile Home Park Mastery podcast we’re going to review how smart park owners position themselves to harness the warming temperatures and more hours of daylight to create a better resident living environm...
Should You Bill Back Trash?
Mobile Home Park Mastery - March 04, 2024 20:21 - 10 minutes ★★★★★ - 375 ratingsWhen park owners talk about billing back utilities to residents it’s mostly about water and sewer. But rarely do most operators consider billing back trash. In this Mobile Home Park Mastery podcast we’re going to review the pros and cons of billing back the trash service and how to bett...
Where Science Meets Superstition
Mobile Home Park Mastery - February 26, 2024 09:00 - 10 minutes ★★★★★ - 375 ratingsSome of the theories behind the correct way to buy and operate mobile home parks comes from careful testing and study. But still others are passed down from earlier generations of park owners who simply believe them to be so, even in the absence of any scientific reasoning or data. In t...
Strategies To Approach High Risk/High Reward Deals
Mobile Home Park Mastery - February 20, 2024 02:16 - 11 minutes ★★★★★ - 375 ratingsSam Zell always used the axiom that you should always buy deals with low risk/high reward, never buy deals with high risk/low reward and the ones that require thinking are those with high risk/high reward. So how do you approach those type of deals? That’s the focus of this Mobile Home ...
Embezzlement Scams And How To Avoid Them
Mobile Home Park Mastery - February 12, 2024 09:00 - 11 minutes ★★★★★ - 375 ratingsFor the park manager that wants to cheat you, stealing cash is old school. There are a number of bigger scams that involve an enhanced level of sophistication in today’s world. In this Mobile Home Park Mastery podcast we’re going to explore the latest embezzlement strategies that some m...
The Bi-polar Nature Of Vacancy
Mobile Home Park Mastery - February 06, 2024 02:26 - 9 minutes ★★★★★ - 375 ratingsMobile home park vacancy can either be an asset or a liability – and this bi-polar nature is typically separated by a very fine line. In this Mobile Home Park Mastery podcast we’re going to examine how something that could equate to greater net income in the future may also be viewed as...
The $100 Trillion Deficit Disorder
Mobile Home Park Mastery - January 29, 2024 09:00 - 11 minutes ★★★★★ - 375 ratingsIf you think the current $35 trillion U.S. deficit is a problem, just wait until 2050 when it hits $100 trillion. In this Mobile Home Park Mastery podcast we discuss past, present and future of the deficit and exactly what the ramifications might be for mobile home parks when the gover...
Can Old And New Homes Happily Coexist?
Mobile Home Park Mastery - January 22, 2024 09:00 - 9 minutes ★★★★★ - 375 ratingsIn most mobile home parks you can find homes from nearly every decade from the 1970s to current. But can old and new homes happily coexist side-by-side? It’s a fair question – particularly when you’re bringing in newer homes to fill vacant lots in a predominantly older park. In this Mob...
How Far Can You Automate?
Mobile Home Park Mastery - January 16, 2024 07:50 - 11 minutes ★★★★★ - 375 ratingsAI has everyone thinking about a future in which payroll can be replaced with computers and robots. Certainly, technology has made some useful improvements in how mobile home parks are managed, but is the age of the manager-free property approaching? In this Mobile Home Park Mastery pod...
Easy Money
Mobile Home Park Mastery - January 09, 2024 05:01 - 10 minutes ★★★★★ - 375 ratingsWhat if I told you there was a simple way to save thousands of dollars in the New Year – and it’s 100% free and has no downside? In this Mobile Home Park Mastery podcast we’re going to review the lost art of negotiating and renegotiating vendors.
Harnessing The Sixth Sense
Mobile Home Park Mastery - January 01, 2024 09:00 - 10 minutes ★★★★★ - 375 ratingsWe all know that the five senses fo the human body are toucc, sight, hearing, taste and smell. But there is a sixth sense: sense of urgency. In this Mobile Home Park Mastery podcast we’re going to review how to harness this sixth sense to be better mobile home park buyers and operators....
The Impact Of The Pending Recession
Mobile Home Park Mastery - December 25, 2023 09:00 - 10 minutes ★★★★★ - 375 ratingsThe odds are that 2024 will be remembered as the first recession in seventeen years and the impact will be far-ranging for American households. But what will the impact be on the mobile home park sector? In this Mobile Home Park Mastery podcast we’re going to break down the granular imp...
The New Park Building Boom That Never Was
Mobile Home Park Mastery - December 18, 2023 09:00 - 11 minutes ★★★★★ - 375 ratingsJust a few years ago the hot topic at mobile home park conventions was the coming boom in new park development. After all, the Biden administration was constantly blasting propaganda that they were going to be the saviors of affordable housing and mobile home manufacturers were more tha...
Looking At Housing From A Different Perspective
Mobile Home Park Mastery - December 11, 2023 09:00 - 10 minutes ★★★★★ - 375 ratingsMobile homes and stick-built homes differ in one key attribute: land ownership. But is that good or bad for the customer? In this Mobile Home Park Mastery podcast, we’re going to drill down on the benefits and disadvantages for mobile home residents regarding renting the land instead of...
The Lessons Learned From Charlie Munger
Mobile Home Park Mastery - December 04, 2023 09:00 - 13 minutes ★★★★★ - 375 ratingsWarren Buffett’s long-time business partner in Berkshire Hathaway passed away recently at the age of 99. His contributions to America were more than just about making money. In this Mobile Home Park Mastery podcast, we’re going to discuss the life of Charlie Munger and his significant i...
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