Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will be speaking about our recent experience in a park we own in Raeford, NC. We recently acquired this park and quickly realized that both the on-site management and maintenance staff needed to be replaced ASAP! We discuss how we quickly identified the challenges associated with their poor performance and how we handled the transition with a completely new management team. This is a common scenario you will experience when purchasing turnaround or distressed mobile home parks and so we thought you might learn from our personal experience.
In this episode, Charles and I will be speaking with MAI Appraiser and Industry expert, Erik Hanson, from Midwest Appraisal Group. During our time with Erik we’ll be covering anything and everything regarding mobile home park appraisals. But it doesn’t stop there, we’ll also be diving into industry trends, more specifically, cap rates and rental trends, what kind sales activity Erik has been seeing in the marketplace, as well as his perspective as to what direction he sees this industry heading over the coming years.
Welcome to the Mobile Home Park Academy podcast. In this episode, Charles and I will be discussing the specifics on using 21st Mortgages CASH program to fund both new and used homes within your mobile home park. More importantly, we’ll share with you how to use this powerful resource to sell off your park owned units and put large sums of cash in your pocket…FAST!
We’ll also share a case study on a deal we’re working on in Alabama where we will be utilizing this program to sell off (44) 2002 3 bedroom 2 bathroom inventory homes, thus allowing us to pocket more than $500,000 from these sales.
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.