Mobile Home Park Mastery

Latest Episodes:

The Importance Of The Rent To Ownership Ratio Sep 16, 2024

Show notes

The United States has entered into uncharted territory regarding the premium it costs to own a home over rent one. From 1973 to 2022 the ratio of cost of ownership vs. renting averaged 1.03. It has now expanded to a mind-blowing 2.8 – nearly three times more. While the Biden administration has chosen to avoid this topic it needs to be addressed as it is going to impact rent levels nationwide and will bring about the largest increases in mobile home park lot rents in history in the years ahead.

The Facts About Recessions And Home Repos Sep 02, 2024

Show notes

As long as mobile homes are sold to fill vacant lots, there will always be a percentage of customers who will not make it to the of their mortgages. And with a recession officially arriving soon, the issue of home repossessions needs to be watched closely and planned for. In this Mobile Home Park Mastery podcast we’re going to drill down on the real facts regarding home defaults and how to proactively minimizing them.

Why There Is No Federal Government Solution To Affordable Housing Aug 26, 2024

Show notes

It’s election season, and there are wild claims hitting the media of how the Federal government can be used to create affordable housing. In this Mobile Home Park Mastery podcast we’re going to burst the bubble on these reckless claims and explore the two key solutions that nobody cares to talk about.

Everything You Need To Know About Road Widths Aug 19, 2024

Show notes

Roads are an essential responsibility of the park owner. Yet few people understand all the issues regarding what road widths are acceptable and what are not. In this Mobile Home Park Mastery podcast we’re going to explore and expose the key issues regarding proper road widths as well as some solutions to the most common problems.

Talk Is Cheap And City Official Talk Is Worthless Aug 05, 2024

Show notes

In an America that is lacking in accountability, the city official – whether zoning or inspections – is a master at that craft. Yet how you interpret what they say can make the difference between buying the deal or walking it. And often you have to bring in reinforcements to protect you interests. In this Mobile Home Park Mastery podcast we’re going to explore the science behind interacting with city officials.

Where Are The Distressed Deals? Jul 29, 2024

Show notes

Interest rates have risen about five points since 2022 – the fastest and highest increases in over 40 years. That has led many buyers to grow impatient for the distressed deals that many predicted. In this Mobile Home Park Mastery podcast we’re going to review where distressed deals come from, what the typical timetable is for their arrival, and when we think that period may begin.

Making Exceptions Creates Exceptional Problems Jul 22, 2024

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Navigating Pre-hud Home Deals Jul 15, 2024

Show notes

Most mobile home parks have a mixture of old and new homes – but some have strictly pre-HUD vintage units. In this Mobile Home Park Mastery podcast we’re going to explore the good and bad attributes to having nothing but old homes from an era long ago.

Handing Off The Lending Baton Jul 08, 2024

Show notes

Even 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 Mobile Home Park Mastery podcast we’re going to review proactive methods to make that transition reliably smooth.

Understanding The Concept Of “Hot” Markets Jul 01, 2024

Show notes

Brokers 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 and offer some constructive pointers regarding buying parks in these parts of the nation.

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