Webster’s Dictionary has two meanings for the word “interest” 1) the quality of exciting curiosity and 2) money paid regularly at a particular rate. In this week’s Mobile Home Park Mastery podcast series, we’re going to combine the two together and discuss the curious puzzle of making sense of interest rates. You’ll see that there is a methodology based on risk and reward, and that today’s interest rates regarding mobile home parks and homes are really fair in all regards. Do we have your “inter...
Jul 01, 2019•13 min•Ep. 99
We’ve all seen the show Fixer Upper. Chip and Joanna Gaines take old worn-out houses and bring them back to life – often using the same repetitive design elements. How would they approach an old mobile home park’s renovations? In this episode of Mobile Home Park Master, we’re going to discuss the new and best approaches to bringing old mobile home parks back to life – inexpensive ways to freshen up 50 year-old properties and make them seem new again. Maybe one day HGTV will have a show on mobile...
Jun 24, 2019•15 min•Ep. 98
Do billionaires live in mobile home parks? Yes. And so do many other notable folks in the U.S. In this week’s Mobile Home Park Mastery podcast series, we’re going to review the many different types of customers that are served by this unique housing option. Are some of them household names? You better believe it. It turns out that “trailer parks” are not only about affordable housing – there are many different facets to this industry.
Jun 17, 2019•11 min•Ep. 97
If the desired effect is to keep mobile home park lot rents low and parks not re-developed into new uses, how can this be accomplished politically? By mandating rent control? By adding more bureaucratic hurdles? Or is there a new approach that might actually work? In this edition of the Mobile Home Park Mastery Podcast series, we’re going to review what some political paths to progress might look like, and review those that have no positive impact whatsoever. If you are tired of hearing the “fak...
Jun 10, 2019•15 min•Ep. 96
By far the majority of mobile home park residents are wonderful people. But there are a few residents out there that have learned how to take advantage of the system and good-natured park owners. The good news is that there are ways to defend against those who attempt to push false narratives and unfairly manipulate the general community.
Jun 03, 2019•17 min•Ep. 95
The average car in the U.S. has an engine with 120 horsepower. Yet there are engines out there with ten times that much power. Mobile home parks are no different, as they often have ten times more cash-flow ability than more conventional forms of real estate. How much horsepower does a mobile home park have and how can you gauge it? In this week’s Mobile Home Park Mastery Podcast, we’re going to review where the horsepower in a mobile home park comes from, and how to calculate its maximum output...
May 27, 2019•13 min•Ep. 94
The mobile home park industry is constantly evolving and today’s park owner is more focused than ever before on building a sense of community and maximum resident satisfaction. So how do you do that? In this episode of Mobile Home Park Mastery we’re going to discuss the latest trends in mobile home parks and how they create the desired results in building superior resident happiness and value.
May 20, 2019•14 min•Ep. 93
The bulk of the 44,000 mobile home parks in the U.S. were built between the 1940s and 1970s. So how can you tell which decade your park is from? Why is that important? In this episode of the Mobile Home Park Mastery podcast series, we’re going to discuss the key features that separate parks from these eras and the impact on your investment, as well as what the clues are that allow you to make this determination.
May 13, 2019•15 min•Ep. 92
History is the “study of past events”. And when you connect the dots to the past you can see trends that influence the future. In this final installment in our four-part series titled “Literary Lessons Learned” we’re going to review some interesting parallels between the current economy in the U.S. and the past, and see what future trends can be predicted from past events. You’ve heard the old adage “history repeats itself” and that’s definitely true – the key is understanding what those cycles ...
May 06, 2019•13 min•Ep. 91
There’s no better strategy than to follow in the path forged by someone else who was successful. Biographies are books that are “an account of someone’s life” and a fascinating glimpse into the key drivers to how they accomplished what they did. In this third installment of our four-part series on “Literary Lessons Learned” we’re going to focus on learning concepts for success from the life story of several top American business people.
Apr 29, 2019•16 min•Ep. 90
Patton, Montgomery, Eisenhower – some of the greatest strategists in world history have been military leaders. In this second installment of our four-part series on “Literary Lessons Learned” we’re going to discuss some of the great military theories and how they relate to mobile home park acquisitions and management. You’ll see that there is a huge overlap between armed conflict and business, and the theories that advance troops on the ground can also propel your mobile home park investments fa...
Apr 22, 2019•14 min•Ep. 89
Books have been the foremost way of transmitting knowledge since the beginning of time. In this first installment in a four part series on “Literary Lessons Learned” we’re going to review some profound thoughts from great business books and how they relate to the purchase and management of mobile home parks. This podcast condenses down thousands of pages of books into some important points on success.
Apr 15, 2019•14 min•Ep. 88
The 1970s brought us Van Halen and Smokey and the Bandit. But it also ushered in a new era in the mobile home industry. In this final segment of a three-part series on mobile home trivia, we’re going to look at how the industry changed dramatically in the 1970s and changed it’s focus to affordable housing and lower-priced production via HUD’s new involvement in the industry – all through some little-known trivia. This episode ties the two earlier ones together and brings you up to date on the hi...
Apr 08, 2019•15 min•Ep. 87
Elvis lived in a mobile home both in Hollywood and in Tennessee. The 1950s and 1960s were the “Golden Era” of the mobile home industry, yet too few people understand this fact. In this second of a three-part series on mobile home trivia, we’re going to delve into some little-known facts about the mobile home industry from this important period in its history. Hard to believe that even Elvis had his blue suede shoes in mobile homes during this period.
Apr 01, 2019•13 min•Ep. 86
The mobile home park industry is actually quite a fascinating story that is immersed in American culture. Starting in the “Roaring 20s”, proliferating in World War II, and being an active participant in the growth of the American Dream, there are few products that are more colorful – or more misunderstood – than the mobile home. In this first of a three-part series, we’re going to dive into some really fascinating trivia about the industry from the 1920s to 1940s to get a better understanding of...
Mar 25, 2019•12 min•Ep. 85
We’ve reviewed all the operational aspects of mobile home park operations – but what about the spiritual? How can mobile home park owners sleep soundly with the knowledge that they have done right by their customers and the community at large? In this final installment of our nine-part series on “Mobile Home Park Perfectionism” we’re going to review the key truths that all mobile home park owners must believe in order to be happy with what they do.
Mar 18, 2019•13 min•Ep. 84
There’s no point to filling lots and homes if the customers move right back out. In this eighth installment of our nine-part series on “Mobile Home Park Perfectionism” we’re going to review the latest concepts in keeping your customers happy and wanting to stay in your property. With lot rents rising in mobile home parks from coast-to-coast it’s important to understand how to keep your customers appreciative the value of what your property has to offer.
Mar 11, 2019•14 min•Ep. 83
You can’t run a mobile home park without a manager – and sometimes you can’t run it with one. So how can you make a manager perform on all 8-cylinders? In this seventh installment of our nine-part series on “Mobile Home Park Perfectionism” we’re going to review the best techniques and concepts to get your employees to give their job 100% effort.
Mar 04, 2019•14 min•Ep. 82
It’s a scary world out there. There’s liability in almost everything you do. In this sixth installment of our nine-part series on “Mobile Home Park Perfectionism” we’re going to discuss how to best insulate your mobile home park from risk. We’re going to show you techniques to be proactively remove potential liability on a continual basis. If you are a “worrier” then you’ll definitely get value from this episode (and if you don’t worry about anything, you need to start).
Feb 25, 2019•14 min•Ep. 81
A budget is a road map that takes you to your financial target. In this fifth installment of our nine-part series on “Mobile Home Park Perfectionism” we’re going to review the techniques and concepts required to be a master of your budget and, as a result, the master of your financial destiny.
Feb 18, 2019•14 min•Ep. 80
There’s no greater source of resident attraction and retention than a great looking property. But how do you achieve property condition perfection? In this fourth installment of our nine-part series on “Mobile Home Park Perfectionism” we’re going to discuss the eleven steps to perfect property condition, as well as the techniques used to guarantee those results.
Feb 11, 2019•17 min•Ep. 79
You can’t own a mobile home park without having to deal, at some point, with remodeling a mobile home. In this third installment of our nine-part series on “Mobile Home Park Perfectionism” we’re going to review the top techniques and strategies to attain the highest level of success in mobile home park renovations. You can’t successfully own a mobile home park without a full knowledge of how to do perfect home renovations.
Feb 04, 2019•15 min•Ep. 78
In the midst of the biggest affordable housing crisis in American History, there’s no reason to have a single vacant home or lot in your mobile home park. In this second installment of a nine-part series on “Mobile Home Park Perfectionism” we’re going to discuss how to achieve perfect occupancy. Since each occupied lot in a mobile home park is worth anywhere from around $20,000 to $100,000+, there’s a huge incentive to focus on this topic.
Jan 28, 2019•17 min•Ep. 77
In this first of a nine-part series on “Mobile Home Park Perfectionism” we’re going to review how collections would work in a perfect world. We’re going to discuss the theories and policies that provide perfect receipt of all rent by the due date – or at least before you have to file eviction. Since we all strive to be the best at what we do, “perfectionism” is not a bad goal, and thanks to past experience and experimentation, it’s also not impossible to attain.
Jan 21, 2019•16 min•Ep. 76
The methods for managing residents are well established, but how do you deal with the four-legged variety that are also living on your property? The good news is that there’s a methodology for that, as well. Whether it’s dogs, cats or even livestock, the mobile home park industry has a virtual user’s manual for dealing with animals based on law, past experience, and customer needs.
Jan 14, 2019•15 min•Ep. 75
Some people think that managing a mobile home park is harder than herding cats. Is it really like trying to nail jello to a wall, or is there a scientific method that always yields the desired results? In this fourth and final episode of our series on “Breaking the Barriers” we’re going to examine what really goes into mobile home park management and the action steps necessary to make a success of it.
Jan 07, 2019•14 min•Ep. 74
Some people think that finding a mobile home park to buy is nearly impossible. But is it really? In this third of our four-part series on “Breaking the Barrier’s we’re going to examine the exact steps to finding a mobile home park to buy and determine just how difficult they are. With over 44,000 mobile home parks in the U.S., this is a big issue.
Dec 31, 2018•13 min•Ep. 73
Are mobile home parks just about “ripping off the poor”, or is there more to the story than that? In this second of a four-part series on “Breaking the Barriers” we’re going to take an honest look at the mobile home park business model and examine what the real impact is to the resident and community. It may just be that there’s more to the mobile home park industry than most people think.
Dec 24, 2018•14 min•Ep. 72
Are our customers really “trailer trash” or is that just an unfair stereotype? In this first of a four-part series on “Breaking the Barriers”, we’re going to analyze the stigma against mobile home park residents and try to separate the real from the false and uncover what created these stigmas in the first place. Since the mobile home park industry is predicated on our customers, it’s important to break through these myths to understand more fully the customers we serve.
Dec 17, 2018•14 min•Ep. 71
Real estate is all about “location, location, location”. So a bad mobile home park location is a disaster for any buyer. In this fifth and final episode in our series on “Lessons Learned from Failed Parks” we’re going to discuss the worst markets for mobile home park success and how to identify and avoid them. We have many stories of bad markets – both observations on others as well as our own – and we think that any buyer who avoids the “location” issue is just asking for trouble.
Dec 10, 2018•15 min•Ep. 70
