Welcome to the Mobile Home Park Mastery Podcast where you will learn how to identify, evaluate, negotiate, perform due diligence on, finance, turn-around and operate mobile home parks! Your host is Frank Rolfe, the 5th largest mobile home park owner in the United State with his partner Dave Reynolds.
With the Christmas season around the corner (which accounts for 30% of annual retail sales), we thought we would devote this edition of our Mobile Home Park Mastery podcast series to fine-tuning sales – the sales of mobile home parks. We’re going to go over three action steps to maximizing the value and speed in which you can find a buyer, as well as the importance of timing in each step. You can’t buy a mobile home park without wondering how to sell it down the road, and that’s what this podcast is all about.
Listen To Episode 15Most people think that operating mobile home parks must be difficult and complicated. What they don’t know is that successful mobile home park operations are built around simple management systems. In this week’s Mobile Home Park Mastery podcast, we’re going to discuss three of these systems and review the impact these action steps would have on your mobile home park. If you can drive a car – and watch and react to the what the gauges tell you – then you can operate a mobile home park like a pro.
Listen To Episode 14Having turned around over 300 mobile home parks over the past two decades, Frank Rolfe has distilled the plan down to simple action items. Hear three of these important action steps in this week’s Mobile Home Park Mastery podcast series. Find out how you can get the park off on the right foot, and break the old owner’s cycle of poor management, quickly and easily. There’s really no reason you can’t fix even the most screwed up mobile home park in a relatively short period of time if you the right things – and in the right sequence. And that’s what we’re going to discuss on this Mobile Home Park Mastery podcast.
Listen To Episode 13Benjamin Franklin is well known for his wisdom. And he nailed the importance of due diligence on mobile home parks when he said “diligence is the mother of good luck”. Indeed, due diligence is the key step to ensuring that the mobile home park you are buying will perform as anticipated, and be devoid of terrible physical and operational problems. We’re going to examine three important action steps to performing great due diligence on a property on this week’s Mobile Home Park Mastery podcast. If you like to only invest in successful properties, then this podcast is for you.
Listen To Episode 12Getting the right price on a mobile home park normally includes some degree of proficiency in the skill called “negotiating”. Webster’s defines “negotiating” as “to obtain or bring about by discussion”. So how do you conduct this “discussion” properly and work with the seller to strike the price that is fair and within your boundaries of making a successful investment? In this Mobile Home Park Mastery podcast, we’re going to examine three important action steps to negotiating like a pro.
Listen To Episode 11Finding the correct mobile home park to acquire … it’s one of the most important steps in mobile home park investing. In this week’s Mobile Home Park Mastery series, we’re going to review the top three action steps in finding a park that meets your investment criteria. You’ll hear what these three steps are, and stories of how they became a part of our personal action plan that has amassed over 300 properties.
Listen To Episode 10We’ve gone over the state of the mobile home park product, as well as what to expect mobile home park investing to look like on paper. In this final issue of our three-part series, we’re going to discuss the mobile home park investment climate today – from the views of city and federal government, to those of lenders, Wall Street and the media. It’s an important glimpse into who the friends of the industry are – and who are not.
Listen To Episode 9In the second of our three part series, we’re going to discuss the current state of mobile home park economics – including cap rates, cash-on-cash returns, the importance of spread and other topics. Think mobile home parks offer higher yields that other real estate sectors? How high? We’ll examine that and other important issues on this podcast.
Listen To Episode 8We’ve talked about the past and the future – so let’s focus on where things stand today. On this podcast, we’re going to go over the stats on where the industry sits at this very moment. And we’re doing this in a three part series reviewing the product, the economics, and the investment environment we are currently in. While history is important – and the future is exciting – it’s the here and now that determines our current returns as mobile home park investors.
Listen To Episode 7One of the big news stories in the mobile home park business today is the renewed interest and support from the U.S. Government. After nearly a half-century of absence, American elected officials are putting pressure on Federal agencies to help with the affordable home crisis in general, and the mobile home park industry in particularly. With proactive products such as new Fannie Mae and Freddie Mac loan programs for parks, a new Section 8 voucher program, and even tax incentives for those who do not re-develop their mobile home park into a different use, Uncle Sam is becoming a fast friend of the industry. And there’s more to come under the new Federal directive called “Duty to Serve”.
Listen To Episode 6What will mobile homes look like in the decades ahead? Will anyone still want to live in them? In this week’s Mobile Home Park Mastery podcast series, we’re going to discuss these issues within the general theme of The Future of the Mobile Home Park Product. We’ll talk about futuristic designs from a half-century ago from folks like Frank Lloyd Wright, to new things we’re seeing introduced in today’s models.
Listen To Episode 5Frank Rolfe discusses the impact of consolidation on the mobile home park industry. He reviews what consolidation is and who he sees as the winners and losers as consolidation unfolds. His arguments are accurate and compelling, and based on his insights as the 5th largest owner of mobile home parks in the U.S. (with his partner Dave Reynolds). It’s an important topic for all park owners and soon-to-be owners to consider.
Listen To Episode 4In this episode, Frank Rolfe discusses the critical numbers you need to hit when investing in mobile home parks in order to get maximum return on your investment.
Listen To Episode 3In this episode, Frank Rolfe discusses the surprising history of the mobile home park, and its impact on current investments.
Listen To Episode 2In this episode, Frank Rolfe discusses the reasons why people invest in mobile home parks.
Listen To Episode 1