Welcome to episode 50 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson and Brad interview Mike Renz, an environmental geologist & consultant. Mike’s clients hire Mike to test the soil of properties and sites prior to purchase. Mike talks in detail about the type of work he does for property investors, and why it’s so important to understand what kinds of toxins are in your soil.
Key Takeaways:
[1:35] Mike takes long motorcycle rides just to go look at rocks.
[2:45] How did Mike into this work?
[6:25] Jefferson and Brad call in Mike and he usually does a ‘Phase 1’ on the property. What does that entail?
[12:50] For Phase 1, some of the work can be done remotely.
[20:55] It takes Mike around 2-3 weeks to do both the onsite and offsite work.
[21:35] When does a phase 2, 3, 4, or 5 happen? Is there a phase 11?
[26:45] Mike’s goal with his clients is to discover the property’s deal breaker as quickly and as cheaply as possible.
[28:25] What’s the worst ’bad stuff’ Mike has ever found on a property?
[30:45] Once it’s been established the soil has been contaminated, who removes the toxins from the ground?
[33:55] What advice does Mike have for a new investor?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to: deals@parkstreetpartners.net