In this short video, Frank Rolfe explores the reasons behind the office building’s fall from grace (with alarge share currently upside down on their mortgages) compared to mobile home parks, which have lessthan 1% of total loans in distress.
Watch The VideoA mobile home park needs good management, but that does not automatically mean it needs a traditional office. With online rent payments, electronic records, phone and text communication, and centralized bookkeeping, many of the functions that once required a dedicated building can now be handled elsewhere. The right office arrangement should be based on what the property actually needs.
Read MoreAll you hear in the news is the socialist perspective on capitalism and higher lot rents – that’s all the media will allow you to hear. But there are two sides to every story, and it’s about time that the true story of higher lot rents be told. In this Mobile Home Park Mastery podcast we’re going to explore the positive and necessary reasons for higher lot rents and why park owners are actually the good guys in this story, not the bad.
Listen To Episode 454Major Hillard went to Boot Camp three times – he does everything in a big way. And when it comes to buying mobile home parks, he likes big turnarounds because he’s learned those offer the greatest profitability. In this fact-based and fast-paced discussion, Major tells us how he finds his deals, finances them, what he looks for, and where he likes to buy. He’ll also offer his thoughts on a range of related topics including lot rent increases, the value equation for residents, and even the future of the industry.
Watch The VideoIn this short video Frank exposes ten financial facts that will change your investing outlook and point you in the correct direction (which is the exact opposite of what the financial planning community tells you). If you want to actually improve your financial security, then these ten facts will need to become your mantra. Otherwise, as you’ll see, you’re screwed.
Watch The VideoThe mobile home park industry has long faced the question of optimal park size. In this Mobile Home Park Mastery podcast we’re going to explore the issue of whether to buy one really big property or several smaller ones, as well as the permutations of size on everything from financing to management cost.
Listen To Episode 453When you take out income taxes and inflation devaluation, a 10% rate of return really doesn’t get you anywhere (and that’s what stocks produce). Even worse, CDs and bonds don’t even cover taxes and inflation. To build wealth you have to hit 20%, just as Warren Buffett did. And the only way to hit that today is with mobile home parks.
Watch The VideoIn Medieval England, a successful “moat” was considered to be 50’ wide. At that width it was impossible for a knight-in-armor to cross and attack the castle walls. But the American mobile home park has a much bigger “moat”. It’s 50 years wide. That’s how many years it’s been since virtually every city and town in America banned new mobile home parks from being built. And that “moat” makes trailer parks the most protected asset class in real estate.
Watch The VideoMost investments have a shelf life. A CD typically expires in one to five years, and a T-Bill normally lasts up to ten. Half of all small businesses fail within five years, and those that don’t rarely make it to ten. A residential mortgage – the longest form of investment with a standard dividend – burns out after thirty years. And the average life of a public company on the S&P 500 is only eighteen years – 1/3 of what it was in the 1960s.
Read MoreCertain critical items in your park run on power and if it goes out, you’re in big trouble. The back-up plan is often a gas-powered generator, but which one do you get and what should you pay? In this Mobile Home Park Mastery podcast we’re going to explore the facts about power generation.
Listen To Episode 452A drive through a mobile home park can reveal a great deal about daily operations, but resident vehicles must be evaluated carefully. Cars are not a reliable measure of a person’s credit, occupation, or character. They are more useful as indicators of property upkeep, rule enforcement, parking demand, and management standards.
Read MoreAli is a resident of Northern California and has been in the park business his entire life, as a member of a seven-generation family real estate office. And he is as bullish on the industry today as when he toured his first park. In this interview, Frank Rolfe talks with Ali about his portfolio, lessons learned, and visions for the future. As usual, the information is fact-based and fast moving.
Watch The VideoMobile home parks already have superior returns (20% attainable), protection from competition (the “moat”), and the strongest level of demand in all of real estate (affordable housing). But now add to that list up to 4 times the tax advantages of any other property sector. In this discussion, Chris Dantin from CSSI – Cost Segregation Services explores how accelerated and bonus depreciation work and why mobile home parks are the #1 real estate asset to benefit from these programs.
Listen To The AudioHow the U.S. Postal Service delivers mail to your tenants is not of your concern – until they make it that way. In this Mobile Home Park Mastery podcast we’re going to review the rules on mail delivery and how the postmaster can often try to manipulate you into exceeding your obligations.
Listen To Episode 451
