The Mobile Home Park Lawyer Podcast

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

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

Welcome to a new episode! Today we take a deep dive into the world of manufactured housing and commercial real estate with our distinguished guest, Chuck Schierbeck II, MAI, MICP. As a seasoned Valuation Services Director and a real estate market analyst with a nationwide reputation, Chuck brings a wealth of knowledge and expertise in appraising and analyzing property across the United States.   With experience spanning four decades and assignments completed in over 40 states, Chuck has become a trusted voice in the industry, particularly in the niche of manufactured home communities. Whether it's office buildings, regional shopping malls, industrial facilities, or multifamily residential developments, Chuck has done it all.   In this episode, Chuck unpacks the current state of the real estate market in the wake of the pandemic, detailing how shifts in the market have impacted property values and sales. He'll delve into the intricate dynamics of property valuation, discussing the critical factors that influence the classification and worth of properties, and share his seasoned perspective on the specific expenses and ratios relevant to the manufactured housing industry.   Furthermore, Chuck will highlight the unique benefits and considerations of investing in a 55+ community in Buffalo, NY, and offer his expert advice on valuing properties and sidestepping common pitfalls. For those looking to enhance the occupancy and profitability of park home communities, Chuck's insights into effective strategies are invaluable.   Don't miss this chance to gain crucial insights from Charles Schierbeck as he navigates through these complex topics, offering guidance that could redefine your understanding of real estate investment. Tune in now to discover cutting-edge strategies and ensure your investments are both savvy and secure in today's ever-evolving market landscape!   Highlights of the episode: 00:00:36 Guest Introduction & Background: Chuck Schierbeck 00:02:50 The current state of the real estate market and its relation to the pandemic 00:04:58 The impact of the pandemic on the sales market and property values 00:09:57 Factors affecting property value and the classification of properties 00:14:27 The expenses and expense ratios in the manufactured housing industry 00:19:53 The benefits and considerations of a 55+ community in Buffalo, NY 00:24:58 Valuing properties and avoiding common mistakes 00:29:57 Exploring strategies for increasing occupancy and profitability in park home communities 00:34:59 Insights on real estate and upcoming event   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.colliers.com/en Linkedin: https://www.linkedin.com/in/schierbeck/   #MobileHomeInvesting #ManufacturedHomes #PropertyValuation

Welcome to our latest episode! Get ready to embark on another enlightening journey as we dive into the world of mobile home investing with Rachel Hernandez, best-selling author, real estate investor, and speaker renowned for her expertise in Adventures in Mobile Homes podcast. With over a decade of experience in real estate, Rachel has carved her path from landlord to mobile home investment specialist. Her accolades include #1 bestselling books on Amazon, recognition as the top writer for mobile homes on Quora, and features in esteemed publications such as Forbes and Motley Fool. In this episode, Rachel shares invaluable strategies for generating wealth in mobile home parks, drawing from her extensive hands-on experience. From tackling difficult tenants and pest problems to navigating the intricate structure of wholesaling deals, Rachel provides a comprehensive guide to success in the mobile home industry. Join us as Rachel sheds light on the pivotal role of sales representatives, unveils the challenges and frustrations inherent in buying and selling mobile homes, and offers indispensable tips for aspiring mobile home investors. Don't miss out on this exclusive opportunity to glean insights from Rachel Hernandez, where expertise meets inspiration, and the keys to successful mobile home investing await. Tune in now and unlock the secrets to financial freedom in the dynamic realm of mobile home parks!   Highlights of the episode: 00:00:36 Guest Introduction & Background: Rachel Hernandez 00:01:04 Strategies for generating wealth in mobile home parks 00:05:03 Dealing with a difficult tenant and rat problem in mobile home investing 00:10:00 The role of sales representatives in the mobile home industry 00:15:00 The structure and approach of wholesaling deals 00:20:02 Challenges and frustrations in buying and selling mobile homes 00:25:01 Tips for successful mobile home investing 00:30:01 The benefits and motivations behind exchanging homes in mobile home parks   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://adventuresinmobilehomes.com/ Linkedin:  https://www.linkedin.com/in/mobilehomegurl/ Youtube: https://www.youtube.com/c/AdventuresinMobileHomes Facebook: https://www.facebook.com/adventuresinmobilehomes   #MobileHomeInvesting #WholesalingDeals #MobileHomeSales

Welcome to our latest episode! Let’s delve into the dynamic world of property management and pet regulations with our esteemed guest, Victoria Cowart. Victoria brings a wealth of expertise as the Director of Education & Outreach for PetScreening, coupled with years of hands-on experience in multifamily housing communities and HOAs.   As a leading industry expert and educator, Victoria's mission is to empower property managers with the knowledge they need to navigate the complexities of pet-related laws and regulations. With a track record of guiding both large property management companies and independent rental owners, Victoria is dedicated to maximizing income while avoiding common pitfalls in mobile home parks and other rental properties.   In this episode, Victoria sheds light on crucial topics such as clarifying the distinction between service animals and support animals, balancing the needs of assistance animals with property owner rights, and addressing discrimination towards certain dog breeds. She also emphasizes the importance of fostering a pet-friendly community and provides valuable insights into documentation guidelines for assistance animals in rental properties.   Victoria shares practical strategies for handling pet-related issues, including the rights to reliable documentation and potential challenges in managing complaints. Additionally, Victoria walks us through real-world scenarios, such as navigating the approval process for Emotional Support Animals and the significance of implementing pet fees in communities.   Tune in now for an enlightening conversation with Victoria Cowart, where expertise meets passion, and the intricacies of property management and pet regulations come to the forefront. Gain invaluable insights that will empower you to create thriving, pet-friendly communities while safeguarding the interests of property owners and residents alike   Highlights of the episode: 00:00:45 Guest Introduction & Background: Victoria Cowart 00:01:03 Maximizing income and avoiding pitfalls in mobile home parks 00:05:00 Clarifying the distinction between service animals and support animals 00:10:00 Balancing the needs of assistance animals and property owners 00:15:01 Addressing discrimination towards certain dog breeds 00:20:00 The importance of caring for pets in the community 00:25:02 Guidelines for documentation of assistance animals in rental properties 00:30:01 Rights to reliable documentation and potential issues in handling complaints 00:35:00 The issue of an unauthorized Rottweiler in a building and the process for obtaining approval for an Emotional Support Animal 00:35:00 The importance of pet fees in communities   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.petscreening.com/ Linkedin: https://www.linkedin.com/in/victoria-cowart-cpm-naaei-faculty-3745984/ X: https://twitter.com/VictoriaCowart   #PetRegulations #MobileHomeParkInvesting #PropertyManagementInsights

Welcome to our latest episode! Get ready to dive into the fascinating world of real estate law and development with our esteemed guest, Douglas Raney. Douglas brings over a decade of expertise as a real estate attorney and developer, with a knack for structuring and managing deals that set the stage for success.   With a portfolio boasting millions of dollars’ worth of real estate assets bought and sold, Douglas is a seasoned professional in the field. From drafting and negotiating legal documents to advising clients on strategic deal structuring, his insights are invaluable.   Join us as Douglas shares his wealth of knowledge on the intersection of law, business, and finance in mobile home park investing. From the importance of upfront communication and written contracts to the intricacies of clear and detailed amendments, Douglas offers practical advice for navigating complex deals.   In this episode, we'll explore the significance of clear and specific terms in contracts, as well as effective communication strategies and timelines for contract amendments. Douglas will also address concerns about loan clauses in complicated deals and highlight the importance of identifying and addressing potential disputes early on.   Tune in now for an enlightening conversation with Douglas Raney, where expertise meets experience, and the intricacies of real estate law and development take center stage. Get ready to gain invaluable insights into the world of business deals and contract negotiations.   Highlights of the episode: 00:00:36 Guest Introduction & Background: Douglas Raney 00:01:00 The intersection of law, business, and finance in mobile home park investing 00:05:00 The importance of upfront communication and written contracts in business 00:10:03 The importance of clear and detailed amendments in contracts 00:15:00 The importance of clear and specific terms in a contract 00:20:00 Addressing concerns about a loan clause in a complicated deal 00:25:02 The importance of communication in business deals 00:30:01 Effective communication and timelines in contract amendments 00:35:00 The importance of identifying and addressing potential disputes in business deals   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://themhplawfirm.com/ Email: Douglas@TheMHPLawFirm.com   #MobileHomeParkInvesting #BusinessContracts #BusinessandFinanceLaw

Welcome to our latest episode! Prepare to be inspired as we delve into the dynamic world of Mobile Home Park investing with a true visionary, Pasha Esfandiary, CEO of Evoke Capital. Pasha's journey from professional poker player to mobile home park investor is as fascinating as it is enlightening. With a career spanning over a decade in real estate, Pasha has amassed a wealth of experience, orchestrating over $250 million in transactions across various asset types. From flipping homes to managing large multifamily properties, his expertise knows no bounds. In early 2021, Pasha founded Evoke Capital, driven by his unwavering commitment to prioritizing people above all else. With a portfolio boasting 1850+ lots, Evoke Capital stands as a testament to Pasha's dedication to fostering financial freedom through real estate investing. In this captivating episode, Pasha shares invaluable insights into the intricacies of infill projects and their pivotal role in company growth. From strategies for investing in mobile home parks to the nuances of underwriting infill homes, Pasha offers a masterclass in navigating the challenges of the real estate landscape. Drawing on his philosophy of prioritizing experiences over wealth, Pasha discusses the importance of creating scalable systems in business and the transformative power of partnerships and education in unlocking true scalability. Join us for a riveting conversation with Pasha Esfandiary, where wisdom meets inspiration, and the pursuit of financial freedom takes center stage. Tune in now to discover the secrets to success in Moblie home park investing, straight from the visionary mind of Pasha Esfandiary! Highlights of the episode: 00:00:36 Guest Introduction & Background: Pasha Esfandiary 00:00:53 The journey of a professional poker player turned mobile home park investor 00:05:00 The importance and challenges of infill projects in company growth 00:10:01 Strategies for investing in mobile home parks 00:15:01 Challenges and variations in the process of underwriting infill homes  00:20:00 The benefits of a conservative approach in business 00:25:01 The challenges of selling mobile homes and the importance of creating systems for business scalability 00:30:00 The importance of experiences over wealth 00:35:01 Unlocking scalability through partnerships and education in real estate 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.evokecapital.net Linkedin: LinkedIn: https://www.linkedin.com/in/pashaesfandiary Linktree: https://linktr.ee/roadto100pod Instagram: https://www.instagram.com/pashaesfandiary/   #MobileHomeInvesting #Scalability #Partnerships  

Welcome to our latest episode! Join us as we dive into the world of mobile home park investing with a true expert, Nicholas Yale, Co-Founder of Liberty Capital Group. Nicholas embarked on his journey in 2020, and by the beginning of 2021, he closed his first deal, a 55-unit park in Florida. Since then, he's expanded his portfolio, acquiring a total of 10 parks, ranging from a 27 unit retreat to a spacious 67-unit haven.   Nicholas has a unique passion for RV parks, and in the last two months, he's shifted his focus to these gems. As a hands-on investor, Nicholas self-manages all his properties and leverages technology to streamline operations.   In this episode, Nicholas shares his insights on the strategies that have fueled his success in the mobile home park industry. He delves into the benefits and challenges of utilizing Campspot for campgrounds, explores the advantages of hybrid parks, and navigates the intricacies of their regulations. From managing mobile home communities to RV parks, Nicholas discusses the challenges faced and lessons learned, offering a wealth of knowledge for both seasoned investors and newcomers alike.   Learn how Nicholas has mastered the art of streamlining operations, enhancing efficiency in property management, and embracing technology to its fullest. Discover the secrets to staff training, handling transactions, and the pursuit of achieving zero occupancy in parks. Don't miss this episode for a front-row seat to Nicholas Yale's invaluable tips and strategies for success in the dynamic world of mobile home park investing! Tune in now!   Highlights of the episode: 00:00:36 Guest Introduction & Background: Nicholas Yale 00:01:12 Strategies for success in the mobile home park industry 00:05:00 The benefits and challenges of using Campspot for campgrounds 00:10:00 The advantages of hybrid parks and their regulations 00:15:00 Challenges and lessons learned in managing mobile home and RV parks  00:20:00 Streamlining operations and improving efficiency in property management 00:25:00 Challenges and solutions for staff training and handling transactions 00:30:00 Challenges and strategies for achieving zero occupancy in parks 00:35:01 Tips for success in the mobile home park industry   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://thefirmmhp.com/ Linkedin: https://www.linkedin.com/in/nickyale/   #MobileHomeInvesting #PropertyManagement #RVParks

Welcome to another episode! We sit down with Kirby Horton, Co-Chief Executive Officer of The Firm Inc., a seasoned expert with over 30 years in the insurance business and a remarkable 16 years dedicated to the world of manufactured housing. Kirby brings a wealth of knowledge acquired through years of buying, selling, and operating mobile home parks, primarily in the dynamic southeast US.   In this episode, Kirby shares invaluable insights and advice on wealth generation in the mobile home park arena. From the successful acquisition and improvement of mobile home parks to strategies for a seamless exit, Kirby delves into the finer points of the industry. He discusses the pivotal role of creating a welcoming environment for businesses and the challenges faced when adapting to evolving circumstances.   Kirby also emphasizes the importance of empowering and supporting community managers, incentivizing home improvements within mobile home parks, and the considerations one must weigh when buying new homes in communities. Join us as Kirby unravels the intricate process of preparing a lot for a manufactured home and sheds light on the changing terminology within the mobile home park industry.   Whether you're a seasoned investor or someone intrigued by the mobile home park landscape, this episode promises a wealth of information and actionable insights. Tune in now for a masterclass in mobile home park investing!   Highlights of the episode: 00:00:36 Guest Introduction & Background: Kirby Horton 00:01:51 Insights and advice for generating wealth in mobile home parks 00:05:00 The success of purchasing and improving mobile home park 00:10:02 Strategies for successfully exiting a mobile home park 00:15:00 The importance of a welcoming environment for businesses and the challenges faced when adapting to changing circumstances 00:20:02 Empowering and supporting community managers 00:25:00 Incentivizing home improvements in a mobile home park 00:30:01 Considerations when buying new homes in communities 00:35:01 The process of preparing a lot for a manufactured home 00:40:04 Changing terminology in the mobile home park industry   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://thefirmmhp.com/ Linkedin: https://www.linkedin.com/in/kirbyhorton/ Instagram: https://www.instagram.com/thefirmmhp/ Facebook: https://www.facebook.com/TheFirmIncTN   #MobileHomeInvesting #ManufacturedHousingInsights #PropertyManagementTips

Welcome to our latest episode. Today, we're honored to have Jason Postill and Tyler Lekas, distinguished figures in the mobile home park investment field, sharing their expertise.   Jason Postill After concluding his professional baseball career in 2015, Jason ventured into real estate, making significant strides. Joining a publicly traded real estate investment firm transacting over $46 billion annually, he specialized in multifamily and apartment property transactions. In 2019, Jason co-founded MHCI Group, now the largest private owner of mobile home parks in Arkansas. His expertise encompasses strategic planning, company systems, and operations, with direct responsibilities in marketing operations, acquisitions, debt placement, and investor relations.   Tyler Lekas Tyler's career began as a Financial Advisor, managing a hybrid book of retail and institutional money at Stifel Nicolaus. In 2017, he delved into mobile home park acquisitions, swiftly becoming a prominent figure. As a partner in MHCI Group, Tyler oversees property management, construction, inspections, private utility expertise, and new/used home infills within each property.   In this episode, Jason and Tyler share insights into various aspects of mobile home park investment. They discuss their strategies for success in acquiring and stabilizing mobile home parks, the nuances of investing in this unique sector, and the complexities of due diligence when purchasing lots for houses. Gain a peek into the decision-making processes of mobile home park tenants and delve into the challenges and risks associated with giving away houses for free. Learn how to turn challenges into profitable opportunities with success stories in Handyman Specials. The duo also reveals their proven methods for maximizing profits while minimizing costs and the effectiveness of cold calling in the mobile home park business. Gain firsthand insights into the hurdles and triumphs of operating mobile home parks. Join us for an episode packed with valuable insights, industry wisdom, and practical advice Tune in now!   Highlights of the episode: 00:00:36 Guest Introduction & Background: Jason Postill and Tyler Lekas 00:01:02 Tyler & Jason's success in Mobile Home Parks 00:05:01 Acquiring and stabilizing mobile home parks 00:10:01 Investing in a mobile home park 00:15:00  Due diligence for purchasing lots for houses. 00:20:01 Understanding Tenant Decisions 00:25:03 The risks of giving away houses for free 00:30:01 Success with Handyman Specials 00:35:00 Maximizing profits and minimizing costs 00:40:01 Cold Calling: The Most Effective Way 00:45:01 Challenges of operating mobile home parks   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:    Jason Postill Website: https://www.jpcapitalsolutions.com/ Linkedin: https://www.linkedin.com/in/jpcapitalsolutions/ Tyler Lekas Website: https://www.jpcapitalsolutions.com/ Linkedin: https://www.linkedin.com/in/tyler-lekas-0087aa64/ #MobileHomeInvesting #RealEstateInsights #ProfitableStrategies