Ep. 194 | Ferd Niemann on Right of First Refusals For Tenants - Pros and Cons

The Mobile Home Park Lawyer Podcast

#Trading #Business #Ferd Niemann IV

30:21

Hitting plateaus is a common milestone in business, but there’s a difference between stability and a rut. In the last installment of this season, we’ll dive into the ways small business owners push beyond plateaus and find new ways to achieve revenue growth. Jannese and Austin wrap up their time in Nashville, Tennessee with a wonderful visit to N.B. Goods to speak with owner Camille Alston . Camille details the times where she hit a wall with profits, the strategies she implemented to increase revenue, what worked, what didn’t, and the important lessons she learned in the process. You won’t want to miss this informative final chapter! Learn more about how QuickBooks can help you grow your business: QuickBooks.com See omnystudio.com/listener for privacy information.…

рік тому 20:22

MP3•Головна епізоду

Ferd covers why ROFR is gaining traction in 16 states and discusses real-life examples where these provisions come into play, including the financial, operational, and legal challenges landlords face when selling parks. He also explores how these rules can protect tenants from sudden evictions and provide opportunities for them to own the parks they live in, while also addressing the strain these provisions can place on the landlord-tenant relationship.

Whether you’re a park owner navigating state laws or a tenant exploring your rights, this episode will equip you with practical knowledge to handle the complexities of ROFR in real estate transactions. Tune in now for a comprehensive breakdown of this timely issue.

Highlights of the episode:

00:00:34 Introduction and overview by Ferd Niemann

00:01:05 What is Right of First Refusal (ROFR) and why it's becoming more common

00:03:15 How ROFR provisions impact landlords’ ability to sell mobile home parks

00:05:22 Key challenges tenants face in executing a ROFR

00:08:07 Financial and legal considerations for landlords

00:11:15 Real-life examples of ROFR transactions gone wrong

00:14:32 How ROFR can affect landlord-tenant relationships

00:17:02 Legislative trends and the growing influence of tenant rights in real estate

00:19:02 Final thoughts on navigating ROFR as a park owner or investor

00:20:00 Closing remarks and where to find more resources

Connecting with MHP Law:

Website: https://themobilehomelawyer.com/

Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069

LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/

Instagram: https://www.instagram.com/themhplawyer

#RightOfFirstRefusal #MobileHomePark #RealEstateInvestment #TenantRights

201 епізодів

Ep. 194 | Ferd Niemann on Right of First Refusals For Tenants - Pros and Cons

The Mobile Home Park Lawyer Podcast

published рік тому

Поширити

MP3•Головна епізоду

Highlights of the episode:

00:00:34 Introduction and overview by Ferd Niemann

00:01:05 What is Right of First Refusal (ROFR) and why it's becoming more common

00:03:15 How ROFR provisions impact landlords’ ability to sell mobile home parks

00:05:22 Key challenges tenants face in executing a ROFR

00:08:07 Financial and legal considerations for landlords

00:11:15 Real-life examples of ROFR transactions gone wrong

00:14:32 How ROFR can affect landlord-tenant relationships

00:17:02 Legislative trends and the growing influence of tenant rights in real estate

00:19:02 Final thoughts on navigating ROFR as a park owner or investor

00:20:00 Closing remarks and where to find more resources

Connecting with MHP Law:

Website: https://themobilehomelawyer.com/

Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069

LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/

Instagram: https://www.instagram.com/themhplawyer

#RightOfFirstRefusal #MobileHomePark #RealEstateInvestment #TenantRights

201 епізодів

#Trading #Business #Ferd Niemann IV

Усі епізоди

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Ep. 201 | Interview With MHP Owner Cory Harelson on How To Survive An Unplanned Emergency 42:45

6 днів тому42:45

42:45

Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we sit down with Cory Harelson, a structural engineer turned mobile home park investor, to discuss key lessons learned from buying, operating, and improving mobile home communities. Cory shares his journey from working long hours in engineering to discovering mobile home park investing and building a thriving portfolio. Cory and Ferd discuss the challenges and successes of mobile home park acquisitions, including navigating zoning issues, scaling up with off-market deals, and managing private utilities. Cory dives into his most challenging deal—a wastewater treatment plant disaster—and how he overcame a $1 million setback. He also shares insights on sourcing off-market deals, utilizing virtual assistants for property management, and why ugly parks in great locations can be hidden gems for investors. Whether you're a seasoned mobile home park owner or just getting started, this episode is packed with valuable insights on finding, financing, and optimizing mobile home parks. Tune in now to learn from Cory’s real-world experiences and discover how to scale your mobile home park investments successfully! Highlights of the episode: 00:34 – Guest intro: Cory Harelson 01:50 – Leaving engineering to invest in mobile home parks 03:10 – Finding the first deal through Craigslist 05:12 – Scaling up with strategic acquisitions 08:45 – A costly mistake with private utilities 10:58 – How a wastewater treatment disaster nearly derailed a deal 15:30 – Lessons learned from financial setbacks 19:40 – Turning challenges into investment opportunities 22:55 – Sourcing deals: Off-market vs. brokered transactions 26:38 – Using virtual assistants to scale operations 31:15 – The infill process: New vs. used homes 36:50 – Market predictions for mobile home park investing 40:10 – Where to connect with Cory Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://freedominvestinggroup.com/ Linkedin: https://www.linkedin.com/in/cory-harelson-81141414/ #MobileHomePark #RealEstateInvesting #PassiveIncome #ValueAddInvesting #MHPInvesting…

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Ep. 200 | Lessons from 24 Mobile Home Park Acquisitions 26:52

7 weeks тому26:52

26:52

Welcome back to the Mobile Home Park Lawyer Podcast! In this milestone 200th episode, we take a deep dive into the lessons learned from 24 mobile home park acquisitions. Host Ferd Niemann reflects on the key takeaways from his deals, covering everything from value-add strategies, zoning battles, tenant challenges, infill processes, and successful exit plans. Ferd breaks down his business approach to off-market acquisitions, rent increases, submetering utilities, and creative financing. He shares firsthand experiences on how some deals turned out better than expected, while others presented unexpected zoning, tenant, and infrastructure issues. From flipping small parks to stabilizing large ones, this episode offers a candid look at the successes, struggles, and strategies that shaped his portfolio. Whether you're a new or seasoned investor, this episode is packed with actionable insights on mobile home park investing, value creation, and risk mitigation. Tune in now to hear what worked, what didn’t, and what to watch out for in your next mobile home park deal! Highlights of the episode: 00:34 – Lessons learned from 24 mobile home park acquisitions 01:18 – Off-market deals, value-add strategies, and infill process 02:41 – Slow turnaround, park-owned home challenges, and eventual success 04:02 – Why strategy matters in acquisitions and resale 05:34 – Zoning and why cities can make or break a deal 07:19 – Infill parks: Costs, financing, and demand challenges 09:01 – Zoning rights and the impact on park expansion 10:45 – Paying a fair price vs. getting a bargain 12:32 – High-density parks: The pros and cons 14:26 – When a park needs drastic changes to improve safety 16:30 – Rural mobile home parks: Logistics and demand struggles 18:03 – Park-owned homes to tenant-owned homes 19:42 – Turning a B-class park into an A-class investment 21:07 – The danger of trusting seller representations 23:00 – When a “hot” market turns out to be slow-moving 25:47 – The most important lessons from 24 mobile home park acquisitions Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer #MobileHomePark #RealEstateInvesting #PassiveIncome #ValueAddInvesting #MHPInvesting…

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Ep. 199 | Interview With Margaret Ascher on Tax Tips and Tricks 39:58

11 weeks тому39:58

39:58

Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we dive deep into tax strategies and opportunities for mobile home park investors with Margaret Asher, a seasoned CPA with over 15 years of experience specializing in real estate accounting and tax services. Margaret shares her expertise on cost segregation studies, bonus depreciation, 1031 exchanges, and other critical tax-saving strategies that make mobile home parks an attractive investment. Margaret highlights the unique tax advantages of mobile home parks, such as the high percentage of land improvements qualifying for accelerated depreciation, and explains how investors can optimize their tax positions. She also provides practical insights into managing recapture rules, navigating partnership agreements, and planning for the future of tax policy under the new administration. Whether you're a seasoned investor or just starting, this episode is packed with actionable advice to maximize your returns. Tune in to learn how to leverage tax strategies to enhance your mobile home park investments! Highlights of the episode: 00:34 - Guest intro: Margaret Asher 01:09 - Journey into CPA work with mobile home parks 03:02 - Tax-saving opportunities in mobile home park investments 05:47 - Cost segregation studies and bonus depreciation 09:01 - Cost segregation for mobile home park owners 13:20 - Depreciation recapture: Ordinary vs. capital gains taxation 17:22 - 1031 exchanges and common pitfalls to avoid 20:41 - 1031 exchanges to defer taxes and trade up properties 26:09 - Advanced strategies for partnership structures and at-risk basis 33:00 - Upcoming tax policy changes 38:53 - Closing insights and how to contact Margaret Asher Connect with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connect with the Guest: Linkedin: https://www.linkedin.com/in/margaret-ascher-73aa782a5/ Email: margaret@djeadvisors.com #TaxStrategies #MobileHomeParks #RealEstateInvesting #CostSegregation #1031Exchange #PassiveIncome #AffordableHousing…

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Ep. 198 | Ferd Niemann on the Strategies for Finding and Fixing Pesky Water Leaks 23:19

14 weeks тому23:19

23:19

Welcome back to the Mobile Home Park Lawyer Podcast! In this solo episode, we dive deep into tackling one of the most persistent challenges for mobile home park owners: finding and fixing water leaks. Drawing on personal experiences and input from industry experts, Ferd shares actionable strategies and lessons learned when dealing with water loss, inaccurate billing, and maintenance inefficiencies in mobile home parks. Explore practical solutions like using submeters, isolating leaks with zone valves, and leveraging new technologies like thermal drones. You’ll also hear stories from the trenches, including creative (and sometimes unconventional) methods like witching sticks and sonar leak detection. Whether you’re a park owner or operator, this episode is packed with tips and advice to help you save money, conserve water, and better manage your properties. If you’re dealing with water loss in your park or looking to improve operational efficiency, this episode is a must-listen. Tune in now for insightful stories and practical advice! Highlights of the episode: 01:19 - Basic water loss solutions: Master meters and submeters 03:00 - Leak detection machines and witching sticks 05:15 - Sectioning parks with additional shut-off valves 07:01 - Costly lessons from draining fire hydrants 09:02 - Identifying leaks through historical property data 11:00 - Underground clay tiles and misidentified leak locations 12:45 - Risky but effective over-pressurizing techniques to find leaks 15:50 - Ensuring accurate city billing 18:12 - Hidden leaks from poorly capped lines and infrastructure 21:20 - Practice tips for maintaining property maps and anticipating future leaks 22:45 - Closing remarks and thanks to contributors Connect with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer #MobileHomePark #WaterLeaks #RealEstateInvesting #MaintenanceSolutions #PropertyManagement…

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Ep. 197 | Interview With John Neet on Exploring How Rent Control and Regulations Impact Appraisals 53:24

24 weeks тому53:24

53:24

Welcome back to the Mobile Home Park Lawyer Podcast! In this insightful episode, we’re joined by John Neet, a seasoned expert in mobile home park appraisals and valuation. John shares his vast knowledge on the complexities of rent control, the nuances of regional regulations, and how these factors impact property valuations, particularly in states like California with highly regulated markets. John discusses the intricacies of rent control policies and how they affect market value, tenant dynamics, and owner strategies. He sheds light on unique valuation challenges, such as factoring in vacant pads and fractional interests, while also delving into the current landscape of investment in mobile home parks. With decades of experience on the West Coast, John provides valuable perspectives on the future of regulatory changes and their potential to expand eastward, offering listeners essential insights into market trends and long-term investment strategies. Whether you're managing a small portfolio or a large one, this episode will give you a comprehensive look at property management challenges and opportunities in the mobile home park industry. Tune in now for a discussion filled with practical advice for any property manager or investor! Highlights of the episode: 00:34 - Guest Intro: John Neet 01:11 - Appraising mobile home parks and focus on the Western U.S. 03:30 - Rent control and its impact on California markets 05:45 - Localized rent control challenges 09:00 - Creative strategies for addressing rent control limitations 13:02 - Valuation of vacant pads 17:45 - Discussing cap rates in today’s economic environment 22:20 - Fractional interest valuation and ownership complexities 27:35 - Understanding local regulations for accurate appraisals 31:42 - Shifts in buyer demographics and new trends in park ownership 37:20 - The future of regulatory impacts expanding eastward 43:56 - Closing insights and how to contact John Neet Connect with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connect with the Guest: Website: https://www.johnneet.com/ Linkedin: https://www.linkedin.com/in/john-neet-b9b3ab12/ #RentControl #PropertyManagement #MobileHomePark #RealEstateInvesting #ValuationStrategies…

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Ep. 196 | Interview With Luis Platt on Bringing Your Community Up To Speed With High Speed Internet 27:42

25 weeks тому27:42

27:42

Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we’re joined by Luis Platt, who shares his unique journey from brokerage to becoming a vendor in the mobile home park (MHP) industry, now specializing in high-speed internet solutions with Quickbit Internet. Luis discusses the increasing need for reliable internet connectivity in MHPs and how fiber optic technology can help park owners attract higher-income tenants, enhance security, and improve overall property management efficiency. He explains how fiber optic internet infrastructure benefits residents who work from home, game, or rely on stable connections for daily needs, and how it can even help lower insurance premiums. From security enhancements to supporting work-from-home lifestyles, Luis offers valuable insights into how digital infrastructure is changing the landscape of mobile home park living and management. Whether you're managing a small portfolio or a large one, this episode will give you a look into the future of property management technology and how it can help your business grow. Tune in now for a great conversation filled with practical advice for any property manager or investor! Highlights of the episode: 00:32 - Guest Intro: Luis Platt 03:25 - Transition to Quickbit Internet and its role in the MHP sector 05:00 - Fiber optic technology without digging 06:50 - Benefits of high-speed fiber optic internet for MHP residents options 11:10 - Future-proofing communities with digital infrastructure 15:01 - Leveraging internet connectivity for better security and cost savings 20:31 - Impact of connectivity on residents' job opportunities and lifestyle 24:22 - Addressing challenges and misconceptions around MHP internet solutions 26:57 - Closing thoughts and how to contact Luis Platt Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://www.kwikbitinternet.com/ Linkedin: https://www.linkedin.com/in/luisplatt/ Instagram: https://www.instagram.com/kwikbitinternet/ #PropertyManagement #MobileHomePark #FiberOptic #TenantConnectivity #RealEstateTech…

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Ep. 195 | Interview with Tanner Buuck on Exploring Tools in Property Management Software 33:59

26 weeks тому33:59

33:59

Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we’re joined by Tanner Buuck, team lead at Yardi for manufactured housing sales. Tanner provides valuable insights into the world of property management software, sharing how technology is modernizing the operations of mobile home park communities. He discusses the challenges operators face, such as streamlining accounts receivable, improving tenant communications, and automating operations like utility billing and invoicing. Tanner highlights the tools that Yardi offers to simplify these tasks, making property management more efficient. From utilizing AI, implementing resident portals, and the benefits of automating collections to leveraging CRM systems for better marketing, Tanner provides actionable tips for operators to maximize efficiency in managing their properties. Whether you're managing a small portfolio or a large one, this episode will give you a look into the future of property management technology and how it can help your business grow. Tune in now for a great conversation filled with practical advice for any property manager or investor! Highlights of the episode: 00:00:48 - Guest Intro: Tanner Buuck 00:05:02 - Challenges operators face with modernizing operations 00:06:40 - Streamlining accounts receivable and utilizing property management software 00:08:47 - The evolution of AI in multifamily and manufactured housing 00:12:20 - Automating invoicing and improving operational efficiency 00:15:10 - Utilizing CRM tools to manage leads and tenant engagement 00:19:08 - Implementing resident portals and the importance of online payment systems 00:21:50 - Managing utility bill backs and compliance 00:26:30 - Automation in accounting and maintenance management 00:31:10 - Closing thoughts and where to find more information Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://www.yardibreeze.com/ Linkedin: https://www.linkedin.com/in/tbuuck/ Instagram: https://www.instagram.com/YardiBreeze/ #PropertyManagement #MobileHomePark #RealEstateTech #TenantManagement…

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Ep. 194 | Ferd Niemann on Right of First Refusals For Tenants - Pros and Cons 20:22

27 weeks тому20:22

20:22

Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we dive into the complex but crucial topic of the Right of First Refusal (ROFR) provisions in mobile home park (MHP) contracts and leases. Host Ferd Niemann breaks down the pros and cons of these provisions for both tenants and landlords, sharing insights on how the growing trend of statutory ROFR is impacting MHP transactions in various states. Ferd covers why ROFR is gaining traction in 16 states and discusses real-life examples where these provisions come into play, including the financial, operational, and legal challenges landlords face when selling parks. He also explores how these rules can protect tenants from sudden evictions and provide opportunities for them to own the parks they live in, while also addressing the strain these provisions can place on the landlord-tenant relationship. Whether you’re a park owner navigating state laws or a tenant exploring your rights, this episode will equip you with practical knowledge to handle the complexities of ROFR in real estate transactions. Tune in now for a comprehensive breakdown of this timely issue. Highlights of the episode: 00:00:34 Introduction and overview by Ferd Niemann 00:01:05 What is Right of First Refusal (ROFR) and why it's becoming more common 00:03:15 How ROFR provisions impact landlords’ ability to sell mobile home parks 00:05:22 Key challenges tenants face in executing a ROFR 00:08:07 Financial and legal considerations for landlords 00:11:15 Real-life examples of ROFR transactions gone wrong 00:14:32 How ROFR can affect landlord-tenant relationships 00:17:02 Legislative trends and the growing influence of tenant rights in real estate 00:19:02 Final thoughts on navigating ROFR as a park owner or investor 00:20:00 Closing remarks and where to find more resources Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer #RightOfFirstRefusal #MobileHomePark #RealEstateInvestment #TenantRights…

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Ep. 193 | Interview With Justin Donald: Insights From A Lifestyle Investor 46:26

42 weeks тому46:26

46:26

Welcome to another episode of the Mobile Home Park Lawyer Podcast! Today, we are excited to have Justin Donald, the founder of The Lifestyle Investor and author of the Wall Street Journal #1 bestseller "The Lifestyle Investor: The 10 Commandments of Cash Flow for Passive Income and Financial Freedom." Justin is on a mission to help people achieve financial freedom through low-risk cash flow investing. Justin shares his journey from his early days of investing to building a nine-figure net worth and creating a lifestyle-centric approach to investing. He discusses the importance of passive income, the power of mobile home park investments, and the strategies he uses to simplify complex financial systems. Justin also provides insights into balancing life and business, the significance of finding the right team, and the value of joining masterminds and learning from successful investors. Tune in to gain actionable advice on low-risk cash flow investing, building a lifestyle-focused investment portfolio, and achieving financial freedom. Highlights of the episode: 00:00:34 Welcome and introduction of guest Justin Donald 00:01:05 Justin's background and journey into investing 00:02:00 Discovering mobile home parks as a profitable investment 00:05:00 Transition to full-time investing and achieving financial freedom 00:11:20 Building systems and hiring the right team 00:15:15 Importance of off-market deals and finding invisible opportunities 00:20:30 Challenges in the mobile home park industry 00:26:40 Strategies for maintaining and growing a portfolio 00:35:00 Overcoming local government challenges 00:39:30 Closing remarks and how to find Justin Donald Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://justindonald.com/ Podcast: https://justindonald.com/podcast/ Instagram: https://www.instagram.com/justindonald/?hl=en Linkedin: https://www.linkedin.com/in/justinwdonald Facebook: https://www.facebook.com/justin.donald.79 Twitter: https://twitter.com/JWDonald1 Youtube: https://www.youtube.com/channel/UCCM-bhk3FxHQRDXXlDU2r2Q Linktree: https://linktr.ee/JustinDonald Book “The Lifestyle Investor” #MobileHomeParks #RealEstateInvestment #LowRiskInvesting…

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Ep. 192 | Interview with Aleksey Chernobelskiy on GP and LP Lessons And What To Look For In An Offering Memorandum 45:28

43 weeks тому45:28

45:28

Welcome back to the Mobile Home Park Lawyer Podcast! In this episode, we are thrilled to have Aleksey Chernobelskiy, an expert advisor for Limited Partners (LPs) and General Partners (GPs), as our guest. Aleksey shares his extensive knowledge on vetting and managing LP investments, providing valuable insights for both seasoned and aspiring investors. Aleksey delves into the current challenges in the real estate investment landscape, such as floating rate debt and the impact of changing cap rates. He explains the importance of thorough due diligence, understanding rate caps, and the nuances of capital calls. Aleksey also highlights the critical role of alignment of interests between GPs and LPs, and the significance of transparent communication and ethical practices in real estate syndications. Tune in now to gain actionable advice on how to navigate the complexities of real estate investments, evaluate potential deals, and make informed decisions to optimize your portfolio. Highlights of the episode: 00:00:34 Welcome and introduction of guest Aleksey Chernobelskiy 00:01:05 Aleksey's background and experience in real estate investment 00:03:15 Current challenges faced by GPs and impact on LPs 00:05:54 Understanding floating rate debt and rate caps 00:08:03 Evaluating capital calls and their implications 00:11:56 Alignment of interests between GPs and LPs 00:15:45 Importance of due diligence and transparent communication 00:20:04 Common pitfalls in real estate syndications 00:35:01 Aleksey's insights on ethical practices in real estate 00:39:37 Closing remarks and how to find Aleksey Chernobelskiy Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://www.centriocapital.com/ Email: aleksey@hey.com Linkedin: https://www.linkedin.com/in/chernobelskiy/ X: https://x.com/chernobelskiy #RealEstateInvestment #LPAdvice #MoblieHomeParks…

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Ep. 191 | Interview with Jordan Savitsky on Mobile Home Park Investments and Operational Insights 46:16

44 weeks тому46:16

46:16

Welcome back to the Mobile Home Park Lawyer Podcast! Today, we're excited to bring you a wealth of knowledge from our distinguished guest, Jordan Savitsky, with 50 West Capital. Jordan is an experienced entrepreneur with a background in various business ventures, including real estate and mobile home park (MHP) investments. In this episode, Jordan shares his journey from private equity to real estate, emphasizing his approach to learning by doing and the importance of thorough due diligence. He offers valuable insights into strategies for finding the right deals, navigating the challenges of different markets, and operational tips that can make or break your investment. Jordan discusses the nuances of managing park-owned homes, the importance of due diligence, and the value of having a working capital budget. He also highlights the significance of finding the right tenants and shares personal anecdotes about tenant screening and operational adjustments that have contributed to his success in the MHP space. Don't miss this insightful conversation that dives deep into the operational and strategic aspects of mobile home park investments. Whether you're a seasoned investor or just starting, Jordan's experiences and advice will help you navigate the complexities of the MHP market! Tune in Now! Highlights of the episode: 00:00:07 Introduction and overview by Ferd Niemann 00:00:34 Welcome and introduction of guest Jordan Savitsky 00:05:04 Initial deal criteria and lessons learned from the first deals 00:07:46 Importance of due diligence and working with experts 00:14:57 Value of park-owned homes and strategies for managing them 00:19:08 Tenant screening and the importance of finding the right tenants 00:26:52 Operational tips and experiences post-closing 00:36:29 Strategies for marketing and attracting the ideal tenant demographic Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Email: jordan@50westcapital.com Linkedin 50West: https://www.linkedin.com/company/50west-capital/ Linkedin Jordan: https://www.linkedin.com/in/jordan-savitsky-64505b23/ #MobileHomePark #RealEstateInvestment #OperationalInsights…

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EP. 190 | Case Study: How to Survive a Deal when Everything Seems to Go Wrong 34:14

44 weeks тому34:14

34:14

Welcome to another episode of the Mobile Home Park Lawyer Podcast with your host, Ferd Niemann. In this Independence Day special, we celebrate freedom and community while diving deep into the world of mobile home parks. In this episode, Ferd dives into a case study that showcases how to manage a mobile home park investment when everything seems to go wrong. This real-life example highlights the challenges and lessons learned from a deal that didn't go as planned, yet still resulted in a modest profit. The deal, located in Missouri, spanned from early 2021 to late 2023, covering 22 months of ownership. The park, consisting of 36 sites, was initially under contract for $850,000 but was ultimately purchased for $650,000 and later sold for just under $1.8 million. Business Plan The business plan included various improvements: repairing roads, sub-metering water and sewer, infilling homes, renovating and demolishing homes, and adding signage. The park also featured small amenities like a playground and picnic area. Challenges Faced However, numerous challenges arose throughout the process. These included acquisition issues like disagreements on pricing and retraining negotiations, as well as operational hurdles such as cost overruns, problems with concrete measurements, lot slopes, and unexpected electrical upgrades. Additionally, changing city regulations on home placements and power line requirements added to the complexity. The park also faced tenant problems, including evictions and vandalism. Lessons Learned Despite these obstacles, several key lessons were learned. The importance of thorough due diligence and planning for unforeseen expenses became clear. Flexibility in adapting to new challenges and regulations proved essential. Effective community management, especially in handling problematic tenants and improving park safety, was crucial. Tune in to this insightful episode to learn more about surviving and thriving in the mobile home park industry. Timestamps: 00:00 Buying and selling mobile home parks, with a focus on value-add strategies and lessons learned. 02:10 Real estate deal with cost overruns and permitting issues. 06:40 Electrical issues in a housing development. 09:51 Electrical code violations in a mobile home park. 15:38 Drug use and crime in a neighborhood, including a violent incident and a renovation project. 21:22 Winter home challenges and repairs. 24:28 Challenges with a mobile home park, including tenant issues and cost overruns. 29:31 Challenges and lessons learned from renovating a mobile home park. Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer #MobileHomePark #RealEstateInvestment #Deals…

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Ep. 189 | Case Study: Interview With Frank Rizzo on How To Tackle Value Add Turnaround Projects 40:36

45 weeks тому40:36

40:36

Welcome back to the Mobile Home Park Lawyer Podcast! Today, we have an engaging episode featuring Frank Rizzo, co-founder of Stone Capital. Frank is a value-add specialist with extensive experience in redeveloping mobile home parks and other real estate assets. In this episode, Frank shares his journey in the mobile home park industry, focusing on deep value-add opportunities, infill strategies, and infrastructure improvements. He discusses the importance of thorough market analysis, balancing the challenges of infill projects, and the strategic considerations for acquiring parks with varying occupancy levels. Frank and Ferd dive into operational tips, including the benefits of early infrastructure improvements, the significance of tree and road work, and the nuanced approach to rent increases. Frank also highlights the challenges and successes of managing multiple parks within the same market and shares valuable lessons learned from his extensive experience. Tune in now to gain insights on value-add strategies, market dynamics, and practical tips for optimizing mobile home park investments! Highlights of the episode: 00:00:34 Welcome and introduction of guest Frank Rizo 00:01:05 Frank's background and entry into the mobile home park industry 00:03:15 Balancing infill projects and market absorption rates 00:05:54 Operational challenges and the importance of team logistics 00:13:26 Strategic approaches to rent increases and community improvements 00:27:15 Value-add success story in Laurinburg, North Carolina 00:33:14 Tips and lessons learned for value-add investments 00:39:01 The importance of having a good attorney Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: https://www.stonecapinv.com/ Linkedin: https://www.linkedin.com/in/frank-rizzo-20818843/ #MobileHomeParkInvesting #ValueAdd #OperationalTips…

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Ep.188 | Interview with Walter Johnson on Marketing to Find Deals Directly 35:44

49 weeks тому35:44

35:44

Welcome to a new episode! Today, we take a deep dive into the world of real estate investment and market dynamics with our distinguished guest, Walter Johnson, Founder & CEO of SONOS Capital. With over 16 years of experience spanning the Real Estate and Banking Industries, Walter brings a wealth of expertise to the table. Known for his adept leadership and passion for continuous improvement, Walter has served in various capacities, from Real Estate Investor & Vice President to High Converting Banker & Sales Manager. In this episode, Walter shares invaluable insights into strategies for finding and managing deals in the real estate market, navigating the challenges and potential benefits of dealing with private utilities, and implementing effective strategies for bringing in new homes to a mobile home park. He also discusses the challenges and expansion plans in the real estate market, the potential for competition and consolidation in the mobile home park industry, and offers tips for increasing cash flow amidst market consolidation. Don't miss this opportunity to gain wisdom from Walter Johnson as he navigates through these dynamic topics, offering guidance that could redefine your approach to real estate investment. Tune in now to discover cutting-edge strategies and ensure your investments thrive in today's ever-evolving market landscape! Highlights of the episode: 00:00:07 Guest Introduction & Background: Walter Johnson 00:02:30 Strategies for finding and managing deals in the real estate market 00:04:58 The challenges and potential benefits of dealing with private utilities 00:09:59 Strategies for bringing in new homes to a mobile home park 00:14:58 Challenges and expansion plans in the real estate market 00:19:59 The potential for competition and consolidation in the mobile home park industry 00:24:54 Consolidation in the market and tips for increasing cash flow Connecting with MHP Law: Website: https://themobilehomelawyer.com/ Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069 LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/ Instagram: https://www.instagram.com/themhplawyer Connecting with Guest: Website: www.sonoscapital.com Linkedin: https://www.linkedin.com/company/sonos-capital/ #MobileHomePark #ManufacturedHomes #MarketInsights…

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Ep. 187 | Interview with Chuck Schierbeck on Manufactured Mastery: Navigating Mobile Home Investments and Market Trends 42:06

52 weeks тому42:06