Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will be interviewing private water and sewer expert, Phillip Merrill. We discuss anything and everything related to the private water and private waste treatment systems that can be found within mobile home parks. These private systems can include: Wells, Septic, Package Plants, and Lagoon Systems.
Phillip is the owner and head of operations of Merrill Water Systems and was born into the well drilling and the water business. And so basically, from the time he was crawling around in diapers, he was essentially an apprentice. He learned this skill set from his father and worked his adolescent years for Merrill Drilling and later branched off into water system management after his father’s retirement. Merrill Water Systems is dedicated in providing services to drinking water and waste water systems to assist them with compliance, operations, billing and maintenance of their utilities in order to help its residents have the safest drinking water and wastewater treatment possible.
Recommended Resources:
Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will be discussing the specifics on how to successfully determine market demand while performing your pre-purchase due diligence. After all, the last thing you want to do is purchase a park in a market that has little to no demand for your product.
We will share our step-by-step process of using both craigslist and bandit signs to prove the overall demand for the park you’re purchasing. We will also share some tips and strategies on how to turbo boost your marketing efforts once you close on your acquisition to ensure maximum exposure.
Recommended Resources:
Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will discuss mistake number 10 from our popular eBook, “The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them.” We have all heard the phrase, “Use the seller’s numbers” time and time again. This works great when you notice a seller is paying twice as much as they should for management or when your seller is paying for a utility you plan to pass through. However, this can quickly go awry when talking about repairs and maintenance, especially when the numbers are understated.
Recommended Resources
Welcome to the Mobile Home Park Academy podcast. In this episode, Charles demystifies the incredible important process of defining your investment criteria. He’ll share his opinions on the various park types, why you should think twice about buying a small park, and how you can best determine what your own personal investment criteria should be when it comes to buying the “ideal park”.
Recommended Resources:
Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will be discussing how to successfully turnaround and reposition a distressed mobile home park. Buying a turnaround park isn’t for everyone, but if executed properly, your efforts should reward you handsomely in both substantial returns on your investment as well as huge amounts of built in equity and cash flow. But on the flipside, buying the wrong distressed park might potentially lead you into a downward tailspin, which will inevitably lead you to a financial loss. Our goal is to educate you so that you only buy the distressed parks that make sense.
Recommended Resources:
Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will discuss mistake number 9 from our popular eBook, “The 21 Biggest Mistakes Investors Make When purchasing their First Mobile Home Park…and how to avoid them.” When performing due diligence, it is important that you determine if the park lies within a floodplain. In fact, this should be one of the first steps you do.
In today’s show Charles and I will discuss the following: How does a flood zone affect the deal? Can you even do this deal if it’s in a flood zone? Can it be financed? What will your insurance agent say? Are there scenarios where a flood plain may be OK?
We’ll cover all of this and more in todays show. Enjoy!
Recommended Resources
Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will be discussing how to successfully manage your mobile home park. Over the last few weeks, we’ve personally been flooded with emails from people who asked questions relating to this topic. Instead of responding to each individually, we decided that it would provide much more value if we take each of your questions about the management and make a show on it.
This is broken down into four basic sections. These will be:
We’ll cover everything from A to Z as it relates to running a successful mobile home park.
Recommended Resources