Ep. 149 | Interview with Paul Bradley: How to Sell Your Mobile Home Parks to Your Residents

Aug 3, 2022

40:59

forum

Ask episode

view_agenda

Chapters

auto_awesome

Transcript

info_circle

Episode notes

In today’s episode, we talk to Paul Bradley. Paul is a mobile home park operator who first stepped into the industry in 1988 when he was still 24 years old. As a young professional back then, he began working for an organization called New Hampshire Community Loan Fund, and since then made it his mission to help low-income people own homes, hence why he founded ROC USA in May 2008.

Paul emphasizes the importance of support. Their cooperatives work with low-income communities to help future residents own homes while being able to secure long-term gains. Paul inspires us how profit with a mission works, especially within low-income communities.

Highlights of the episode:

00:00:45 Guest Intro: Paul Bradley

00:01:17 Guest Shares His Background

00:02:11 The Leap

00:05:37 Difference Between Mobile Home Parks and Owner-Occupied Homes

00:09:24 Value Proposition

00:11:13 Equity

00:14:16 The Fear of Escalating Rents

00:15:43 Increasing Costs

00:19:50 Assessment Ratio and Other Sensitivities

00:26:44 Risk of Transfer

00:30:27 Putting Viable Opportunity