So, today’s show is going to be slightly different from the norm. You see, a few days ago I had a breakfast meeting with a good friend mine who also happens to be a fellow park investor during his visit to the Tampa Bay area. During this meeting he said something that resonated with me and that was that although he’s known both Charles and I for a few years, he doesn’t know our full story of where we got our start as real estate investors and how we ended up in mobile home parks.
And so, I thought that it would only be fair if we did a show where Charles and I can interview the other about our background so that you can get a better feel for who we are as people and how we ended up in this niche of mobile home parks.
In today’s show we’ll be sharing the stage with real estate investor and mobile home park owner/operator, Rich Ferradino. Rich has been active in the mobile home park business for just a little more than a year but he’s been making waves during his short stint.
Here’s the part that’s so interesting about Rich and his involvement in the park business – he loves park owned rental trailers. Now, if you’ve been following any of our teachings for any reasonable period of time then you probably already know that we highly dislike rental units and do everything in our power to sell them off asap.
Well, there are many others who disagree with my business model and prefer the rental method and so today we’re going to dig deep and find out the good, the bad, and the ugly directly from someone who lives and breathes park owned homes on a daily basis.
In today’s show we’ll be speaking with, Steve Tomaso, an industry expert who specializes in the brokerage and management of RV and Mobile Home Parks. Steve loves RV parks and so we dig deep into why he prefers the RV park business model over the typical mobile home park that we know and love.