Mobile Home Park Mastery

Latest Episodes:

Financing Failures Dec 02, 2018

Show notes

Real estate leverage is an essential part of mobile home park investing. Without it you cannot hit the typical 20% cash-on-cash yield. However, what happens when the buyer uses the leverage improperly? In this fourth of our five-part series on “Lessons Learned from Failed Parks” we’re going to examine how some mobile home park buyers set themselves up for failure by agreeing to lending terms that are impossible to conquer. If you want to keep your credit and your investment dollars, you’ll want to learn what these failures are and guard against them.

Big Management Fails Nov 25, 2018

Show notes

Even the best mobile home park will not succeed with bad management in place. In our third of a five-part series on “Lessons Learned from Failed Parks” we’re going to be discussing how a bad manager can destroy your business and give some real-life examples to hammer home the points. We’re also going to review some ways to prevent these catastrophes. If you want to make money with a mobile home park, then choosing or retaining the wrong manager virtually assures you of failure.

Occupancy Fails Nov 18, 2018

Show notes

When you’re unable to attain the necessary occupancy to succeed, the result is failure. In this week’s Mobile Home Park Mastery Podcast Series we’re on the second part of our five-part series on Lessons Learned from Failed Parks, and we’re focusing on occupancy disasters and what can be garnered from these setbacks. As any business is contingent upon hitting revenue targets, mobile home parks are no different, but there are also complications, such as lender requirements, that can turn even small occupancy fails into bigger problems. As history offers a glimpse into the future, it’s important to understand the risk of occupancy fails to stay clear of them going forward.

Lessons Learned From Failed Mobile Home Parks Nov 11, 2018

Show notes

Webster’s Dictionary defines “failure” as the “lack of success”. So it’s the exact opposite of winning. But many mobile home parks fail for that very reason: the owner’s do the exact opposite of what common industry doctrine would suggest. In this five-part series on parks that have failed, we are going to dissect what went wrong and look for commonalities in poor park selection, management and financing stewardship. And in this first segment, we’re going to review how choosing the wrong type of park can consistently lead to doom – and there’s no reason to put yourself in that position if you just use some common sense and good due diligence efforts.

The Dirty Job Of Cleaning Up After Disasters Nov 04, 2018

Show notes

Tornadoes. Hurricanes. Fires. Mobile home parks are not immune to natural disasters. So how do you deal with them? In this final segment of our six-part series on “Dirty Jobs” we’re going to discuss the different types of disasters that can happen in a mobile home park and how to clean up the mess and restore order to your mobile home park investment. In a world in which things can go bad quickly and without warning, it’s important to know how to deal with worst-case scenarios.

Getting Dirty With City Government Oct 28, 2018

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How far are you willing to be pushed around? That’s a question many mobile home park buyers and owners have to ask themselves sometimes. In this fifth segment of our six-part series on “Dirty Jobs” we’re going to address the A to Z of dealing with governmental agencies that refuse to play by the rules. Learn the insider secrets that $500 per hour attorneys have taught us regarding fighting for our rights and doing so in an efficient and 100% legal manner.

The Dirty Job Of Managing Water And Sewer Oct 21, 2018

Show notes

Nothing sounds messier than dealing with water and sewer in a “trailer park”. However, the reality is that it’s something that all park owners can easily deal with if they know what they’re doing. In this episode of our six-part series on “Dirty Jobs” we’re going to review the modern strategies on addressing water and sewer systems and repairs in mobile home parks. Although nothing sounds more unpleasant than digging up a pipe in a muddy field, the truth is that it’s not a frequent occurrence if you obey the strategies that other owners have figured out from experience over the past half-century.

The Dirty Job Of Park-Owned Homes Oct 14, 2018

Show notes

“Metal Shoeboxes” is how some people describe mobile homes. And renovating and selling them is one of the “dirtiest jobs” that most mobile home park owners dread. But it’s really not that bad – if you know what to do. In this third segment in our six-part series on Dirty Jobs we’re going to examine the steps to successfully tackling this undesirable task. If you can handle the shoeboxes in your closet, you can handle this larger variety, as well.

Dirty Jobs Episode Two: Rules Violations Oct 07, 2018

Show notes

How do you make mobile home park residents follow the rules? In this second of our six-part series on “Dirty Jobs” we’re going to discuss in detail how owners are able to maintain order in mobile home parks and provide a good quality of life for the residents. If you thought that mobile home parks are bastions of impossible behavior, you’ve watched too much television. Learn the facts in this podcast.

Dirty Jobs Episode One: Collections Sep 30, 2018

Show notes

In most mobile home parks, collecting money is the number one priority. But some people consider that unpleasant – even though it really isn’t. In this episode of Mobile Home Park Mastery, we’re going to start a six-part series called “Dirty Jobs” in which we examine in detail the things that owners do that scare most people. If you want to know the insider secrets of how collections work in a mobile home park, this podcast is for you.

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