Mobile Home Park Mastery

Frank Rolfe

Welcome to the Mobile Home Park Mastery Podcast where you will learn how to identify, evaluate, negotiate, perform due diligence on, finance, turn-around and operate mobile home parks! Your host is Frank Rolfe, the 5th largest mobile home park owner in the United State with his partner Dave Reynolds. Together, they also own and operate Mobile Home University, the leading educational website for both new and experienced mobile home park investors!

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English

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#464
Monday · 11 min
Traps To Avoid
Imagine a hole in the ground ten feet deep, with pointed stakes at the bottom. That’s something you see in movies, but it’s also to be found in the mobile home park industry. In this Mobile Home Park Mastery podcast we’re going to identify what these traps are, and how to avoid them.
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#463
October 26 · 11 min
Blackstone’s “Blackjack” Makes Vegas Look Tame
Blackstone – one of America’s largest private equity groups – has defaulted on a $1.3 billion apartment portfolio, known as the “Blackjack” deal. In this Mobile Home Park Mastery podcast we’re going to explore the lessons learned from this catastrophe, and what it means for the mobile home park industry.
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#462
October 19 · 10 min
When Persistence Turns Into Futility
It’s always hard for deal makers to let go of certain targets, as their inherent wiring tells them to never give up. But there are situations in which deals need to be removed from the “never surrender” list. In this Mobile Home Park Mastery podcast we’re going to explore the fact that, in certain cases, persistence turns into futility.
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#461
October 12 · 11 min
How Did We Get So Lucky On P.R.?
It’s been seven years since John Oliver and other liberal idiots launched a full-scale media attack on the mobile home park industry. Since then, there’s been very little of any real note. In this Mobile Home Park Mastery podcast we’re going to explore how the industry got so lucky and why, in this case, history really can’t repeat itself.
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#460
October 5 · 9 min
Low Odds Occupancy Shots You Have To Take
Filling vacant lots is mostly about buying new or used mobile homes and selling them. But there are some low odds shots you can also take to get the job done. In this Mobile Home Park Mastery podcast we’re going to review some of the attack plans available to fill lots that have only a tiny chance of working – but are worth the effort.
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#459
September 29 · 10 min
The Distressed Deal Playbook
Interest rates are up nearly double from all-time lows, and even though mobile home parks have a very low loan default rate, distressed deals still hit the market on a regular basis. In this Mobile Home Park Mastery podcast we're going to explore the correct way to approach buying failing deals.
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#458
September 21 · 10 min
The Battle of Vinyl Vs. Metal
When you’re looking at buying homes to fill your vacant lots, the first question is “do I go with metal or vinyl?” In this Mobile Home Park Mastery podcast we’re going to review the good and bad aspects of both options.
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#457
September 14 · 10 min
How Scarcity Alone Propelled Parks To The Top of The Pack
There’s no more important determinant of lasting value than scarcity – and it’s one of the key factors that allowed mobile home parks to exceed apartments as the gold-standard of housing investment. In this Mobile Home Park Mastery podcast we’re going to examine how one single factor drove the trailer park industry into value dominance.
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#456
September 7 · 10 min
How To Increase Your Chattel Loan Approvals
If you are selling homes in your park to fill vacant lots, you know the challenge of your prospective residents getting approved for their home loan. The national average for chattel loan approvals is 34.4% while the average for real estate mortgages is 91.2%. In this Mobile Home Park Mastery podcast we’re going to explore why there is this disparity and how to improve your odds.
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#455
September 1 · 11 min
Should You Tell The Seller Your True Plans For The Park?
When you buy a mobile home park you typically have a long list of improvements you want to make to the physical plant and operations. But should you share these concepts with the seller? In this Mobile Home Park Mastery podcast we’re going to explore the fine line between transparency and inclusiveness and keeping your after-closing plans private.
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#454
August 24 · 12 min
The Other Side Of Higher Lot Rents
All 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.
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#453
August 18 · 9 min
The Optimal Park Size
The 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.
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#452
August 10 · 9 min
Talking About My Generation ... Of Electricity
Certain 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.
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#451
August 3 · 9 min
The Wrong Type Of Mailbox Money
How 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.
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#450
July 27 · 11 min
Why Berkshire Hathaway Doubled Down On Housing
Warren Buffett is no longer in charge of Berkshire Hathaway day-to-day operations, and the new CEO made his first investment ... into the housing industry. In this Mobile Home Park Mastery podcast we’re going to explore why Greg Abel bought Taylor Morrison Homes and what it means for the mobile home park industry.
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#449
July 20 · 11 min
What You Can Learn About Residents From Their Cars
One item that we can only guess on as mobile home park buyers is what our prospective tenants are like. There’s no vetting process in due diligence and we typically only know their names and if they’ve paid their rent. But you can actually learn a lot about your customers based on the cars they drive. In this Mobile Home Park Mastery podcast we’re going to review what can be gleaned by the cars on those parking pads.
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#448
July 13 · 10 min
All About Propane
Propane is a liquefied gas that is highly flammable – and essential in many mobile home parks to provide heating, hot water, and the ability to cook. In this Mobile Home Park Mastery podcast we’re going to explore, in detail, everything you need to know about propane and why it can be an essential utility method in certain circumstances.
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#447
July 7 · 11 min
How An American REIT Got Lost In England
Sun Communities, a U.S. REIT, lost a rumored $500 million on the purchase and sale of its holdings in the United Kingdom. In this Mobile Home Park Mastery podcast we’re going to explore what happened and what the lessons learned are for U.S. park operators that dare to venture outside America’s boundaries.
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#446
June 29 · 10 min
In Search Of The Big Offset
There is no perfect mobile home park. But there is a perfect mobile home park deal. To get there you have to have an item so great that it offsets each deal’s inherent flaws. In this Mobile Home Park Mastery podcast we’re going to explore the great deal points that can offset the negatives.
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#445
June 24 · 11 min
How Much Is Enough?
To buy a mobile home park requires effort and risk, and you’re not going to go forward unless you feel the profit potential is compelling. In this Mobile Home Park Mastery podcast we’re going to review some of the standard units of measure that most buyers are seeking – and are attainable.
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