The Mobile Home Park Lawyer Podcast

Ferd Niemann IV
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The Mobile Home Park Lawyer Podcast

Are you looking to generate wealth and passive income? Discover solutions to the common legal and operational pitfalls and how to optimize Mobile Home Parks to maximize income.

  1. 6 NOV

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

    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

    53 min

  2. 30 OCT

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

    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

    28 min

  3. 23 OCT

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

    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

    34 min

  4. 16 OCT

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

    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

    20 min

  5. 3 JUL

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

    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

    46 min

  6. 27 JUN

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

    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

    45 min

  7. 18 JUN

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

    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

    46 min

  8. 15 JUN

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

    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 PlanThe 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 FacedHowever, 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 LearnedDespite 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-103814958118069LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/Instagram: https://www.instagram.com/themhplawyer #MobileHomePark #RealEstateInvestment #Deals

    34 min
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Are you looking to generate wealth and passive income? Discover solutions to the common legal and operational pitfalls and how to optimize Mobile Home Parks to maximize income.

Información

  • Creador
    Ferd Niemann IV
  • Años de actividad
    2020 - 2024
  • Episodios
    197
  • Clasificación
    Apto
  • Copyright
    © Copyright 2020 All rights reserved.
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    The Mobile Home Park Lawyer Podcast

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