Ep #105: Colliers International -- with Chuck Schierbeck
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
Release Date: 02/19/2019
EP #129: Insights from the Oracle of Omaha - Warren Buffett
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
In this special episode, we'll run through our personal insights on Warren Buffett's annual letter to shareholders.
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EP #128: Pros and Cons of Lonnie Dealers for Mobile Home Parks Owners
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
In this special episode, we'll cover the pros and cons of working with Lonnie Dealers in your park. Now, if you’ve been in the park business for sometime then you’ve you probably dealt with a Lonnie dealer in some capacity or another, but if you’re just getting started, this show will help you navigate these potentially murky waters.
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EP #127: Mastering the Leasing and Sales Process in Mobile Home Parks
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
In this special episode, we cover the systems we use to scale our sales and leasing process throughout all our mobile home parks.
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EP #126: Converting POH's to Tenant Owned Homes, Water Recapture, and Community Manager Compensation
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
In this special episode, I answer 3 very big questions that get asked repeatedly by new MHP investors.
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EP #125: Getting Started in MHP Investing While Working a Full-Time Job
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
In this special episode, Corey and I discuss how he got started in the MHP space as well as the system he's built to help him quickly get to scale in order to quit his full-time job.
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EP #124: Recent Real World Case Studies on Two MHP Dispositions
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
In this episode, Brian and I walk through recent case studies on two Mobile Home Parks that we recently went full-cycle on. We take a deep dive into the good, the bad, and the ugly aspects of owning mobile home parks.
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EP #123: The Top 3 ways find mobile home parks for sale
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
In this episode, I discuss the top 3 ways to uncover great Mobile Home Park deals. What You’ll Learn: What our #1 favorite method is for finding parks? Why loopnet/Crexi/etc might not be a complete waste of time What the most common direct to owner methods are. How to establish a meaningful relationship with a mobile home park specific broker And much, much more…
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EP #122: How To Rate the Quality of a Mobile Home Park
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
In this episode, we discuss the practice in grading mobile home parks with the "star" rating (usually one to five stars), which exists for no other type of commercial real estate. What makes this interesting is that almost no one who uses the rating knows what it means or where it comes from. Ask a broker, lender, or even large corporate operators what the difference is between a three-star and a five-star park, and you will likely get a muddled response referring to amenities, paved streets, or swimming pools, but no hard data about how the stars are assigned or who does it.
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EP# 121: Mastering the Vacant Lot Infill Process - with Andrew Keel
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
In this special episode, Andrew and I discuss how he's created an incredibly efficient process of locating, acquiring and infilling quality used homes into his various communities.
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EP #120: Thanksgiving Special - 3 MHP Case Studies
The Mobile Home Park Investing Podcast - Real Estate Investing Niche
In this special episode, we dive deep into 3 case studies on Mobile Home Parks in which we successfully went full cycle on.
info_outlineThis episode features MAI Appraiser and MH industry expert Chuck Schierbeck, a senior valuations specialist with Colliers International and an expert on commercial property evaluations like preparation of appraisal reports, supply and demand analysis, financial and site feasibility, and overall market examination.
Chuck gives us an insider's view of the biggest changes in the industry since the recession. He also shares his views on trends and risks that are the shaping the future of mobile homes.
Quotes:
"So what happened sort of in the 2000's all the way up to today is people, owners started to have them figure out how to sell homes in their communities, finance them, do all that. So owners have had to become more than just property owners. They've had to become retailers, lenders, things like that."
"If you're not built to dig up the dirt and put in the roads, you're not comfortable doing that, the same thing goes back to the smaller homes. I don't think the industry is built for that yet."
"The question is with these different trends, what does my market want?"
"The ideal thing is you got a community, trying to sell homes, you open the rentals, get your property filled out with whatever methods you can, and then try to turn those rentals into owners. And from zero, that would be the model that I would say."
"I think there is some risk in increasing interest rates. I don't know that it's impending... people thought it was going to go up and then it didn't."
Highlights:
[05:15] Chuck's background and how he got into the business
[10:43] Big industry changes since the recession
[21:07] Discussion on trends (tiny homes and rentals)
[36:32] Creating additional ancillary income streams
[45:56] Risks to the industry in the future
RESOURCES:
- View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com
- Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
- Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
- Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy
- Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com