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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20 episodes
weekly
Avg 10 min
English

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#457
Monday · 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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#444
June 15 · 11 min
How Much Time Do You Need?
There’s an old saying that “time is money” but in the mobile home park business, time can be millions made or lost, with time being the key item to navigate with financing and investor commitments. In this Mobile Home Park Mastery podcast we’re going to explore how much time to budget for the key components to any mobile home park turnaround.
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#443
June 8 · 9 min
What Sellers Don't Tell You About Rental Homes
When you’re looking at buying a mobile home park, the seller will always tell you glowing stories of how great and valuable their park-owned rental homes are. They’re lying to you. In this Mobile Home Park Mastery podcast we’re going to expose the top truths about rental homes that the sellers will never tell you.
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#442
June 1 · 11 min
Emotion Vs. Reason
Most Americans make decisions on impulse and emotion and then rush to find the logical reasons for doing what they did – and mobile home park residents are no different. In this Mobile Home Park Mastery podcast we’re going to explore how to do a better job of appealing to both emotions and reasoning.
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#441
May 25 · 10 min
What You Can And Can't Do Without A Signed Contract
Just like the Kentucky Derby, you can't jump the gate despite your enthusiasm to start the race. In this Mobile Home Park Mastery podcast we're going to review the typical protocol of what the buyer should, and should not, do in the absence of a fully executed agreement.
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#440
May 18 · 10 min
In Search Of More Affluent Customers
Walmart is remodeling stores in pursuit of households earning $100,000+. Dollar Tree is expanding their offerings to bring in higher - earning customers. And mobile home parks are in pursuit of the same category of shoppers. In this Mobile Home Park Mastery podcast we’re going to examine the reasons and steps being taken to move up a notch from simply “affordable housing”.
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#439
May 11 · 10 min
The Difference Between Suggestions, Requests And Demands
A mobile home park is a bit of a political animal and you have to be able to interpret the degree of danger discussions with city hall bring to the table. In this Mobile Home Park Mastery podcast we're going to learn the differences between city hall suggestions, requests and demands.
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#438
May 4 · 9 min
The Stages Of Turnaround Success
Just like the recent Artemis launch, bringing an old mobile home park back to life involves successfully navigating a number of stages – each with a most basic purpose. In this Mobile Home Park Mastery podcast we’re going to explore these phases of a park turnaround and what you have to mainly focus on to be successful.
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