Welcome to episode 33 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Joining Jefferson and Brad on this episode is a special guest, Kurt Kelly, Owner and President of Mobile Insurance based in Texas. Listen in to learn about animal management and rental management from a leader in property and liability insurance for the mobile home industry.
Key Takeaways:
[1:31] Kurt is all about helping park owners be safe rather than sorry!
[2:30] What park owners need to know about animal management for mobile home park communities.
[4:38] Basic and general rules insured individuals need to follow regarding animals, according to Mobile Insurance.
[8:19] Animal bite liability insurance coverage for mobile home park owners, and mobile home buyer’s insurance.
[13:28] What mobile home park owners need to know about the process and legitimacy of the certificate of emotional support for an animal.
[15:35] Find out about rental home management for mobile home park owners.
[23:45] How comprehensive is the general rental home liability insurance coverage?
[25:14] How Kurt and his team keep current on all of the evolving law suits across 50 states.
Mentioned in This Episode:
www.mobilehomeparkinvestors.net
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group on LinkedIn
Email your deals: deals@parkstreetpartners.net
Insurance Forms on Mobileagency.com
Loss Control Section on Mobileagency.com
Rental Home Move In Checklist on Mobileagency.com
Performance Agreement for Rental Home Contractors on Mobileagency.com
Welcome to episode 32 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson with the Park Street Partners. In this episode, Jefferson and Brad discuss many aspects of mobile homes, including stories and practical tips on how to find a mobile home, how to buy a mobile home, and how to move a mobile home. If you’re in the mobile home park business, it’s inevitable that you’re going to have to buy some mobile homes and transport them into your parks. Listen in to find out about diligence and what you need to know before moving a mobile home into your park.
Key Takeaways:
[1:52] Jefferson and Brad have bought some mobile homes using the 21st Mortgage cash program, which gets a brand new house delivered into the park.
[2:21] Tips on finding and moving a used mobile home that you can purchase off craigslist as well as some of the wholesale lists, including Greentree, Vanderbilt and 21st Mortgage.
[3:56] How to get your mobile home inspected and what to look for to inspect for water damage and other structural issues.
[8:59] Some features that swing the value of a mobile home include a new/working central heat and air system, window units, a central air conditioning system, kitchen appliances, etc.
[11:19] Be careful if moving a really old mobile home — Jefferson and Brad had a 25-year old house split in half on the road while being transported!
[12:40] Tips for dealing with and getting bids from movers before moving a mobile home.
[15:11] Jefferson shares another moving story which speaks to how it’s a bit of a red flag whenever you have a house that’s on a permanent foundation.
[18:44] How to make sure that your mobile home park lots are big enough for the mobile house before having the house moved to your lot.
Mentioned in This Episode:
Park Street Partners www.parkstreetpartners.com
Mobile Home Park Investors www.mobilehomeparkinvestors.net
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to: deals@parkstreetpartners.net
Welcome to episode 31 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad is back on this episode, which is all about how Jefferson and Brad use technology in their mobile home park business. Listen in to learn which technology to use while doing diligence on a mobile home park, as well as find out what tech tools are available to help you manage the day-to-day activities of your mobile home park.
Key Takeaways:
[1:36] Apple MacBook and iPhone — The only technology that Jefferson and Brad actually use.
[2:21] Google Map and/or Google Earth — Helpful for doing upfront diligence on a mobile home park.
[4:31] Burner and Craigslist — To test the buyability and level of domain in a given market.
[6:39] UberConference — A free call service for setting up conference calls.
[9:54] Squarespace — Dummy proof and easy to use service for making a good website.
[13:25] Email — How to use it wisely to manage your mobile home park.
[14:06] Dropbox — Helps to communicate and share information without worrying about storing paperwork.
[16:22] GoDaddy — To set up email, register URLs for each MHP property, and connect a domain to a Squarespace site.
[17:50] Grasshopper — A virtual phone system for managing calls online.
[20:02] Asana — A project management tool to keep track of various tasks at both the property and corporate levels.
[20:48] Slack — An instant messaging app to keep in touch with people in your business.
[22:18] Avidpay — An automated bill payment service that is handy if you outsource your accounts payable.
[25:02] Rent Manager — A property management software.
[27:28] Video recordings — Video inspections can help you manage your mobile home park.
Mentioned in This Episode:
Park Street Partners www.parkstreetpartners.com
Mobile Home Park Investors www.mobilehomeparkinvestors.net
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to: deals@parkstreetpartners.net
Welcome to episode 30 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson and Brad are joined by a very special guest, John Hurd, on this episode. John is a mobile home park owner, broker, fee manager as well as turnaround expert for parks for other owners. John’s favorite quote is, “When in trouble, make more money”. Listen in to discover John’s experiences and insights on running a successful mobile home park business.
Key Takeaways:
[1:40] How did John get into the business of mobile home parks?
[4:16] How to go about sourcing the best mobile home park deals―John shares his experiences.
[8:15] True Blood, gunshots, a lost baby, and other creepy stuff―John has seen a fair share of horror stories when turning around some parks.
[12:03] What are some of the most difficult problems to deal with? A park with a drug problem? High vacancy? Tenants that culturally don’t think they have to pay rent?
[12:57] Cleaning out a meth house is a seriously tough business.
[14:11] How do you know if there’s a meth house in a park?
[15:46] How to effectively deal with a meth problem to ensure a safer park for tenants.
[17:25] Not all parks have a meth problem and John has seen a dramatic drop in the last couple of years.
[17:55] How to avoid making some common due diligence mistakes made by mobile home park buyers.
[22:26] Why Managing mobile home parks is John’s favorite part of his business.
[26:25] How did John find the asset managers and book keepers working at his headquarters?
[27:28] How to find houses when you’ve got vacant lots to infill―Do you buy new or used homes for your park?
[30:16] Has John seen any material change in valuations of parks over the last couple of years?
[32:17] What is John’s compensation for taking over a turnaround park vs. a more stabilized park?
[33:24] John tells us more about his 38 foot mobile home and how he got it tricked out!
Mentioned in This Episode:
Park Street Partners www.parkstreetpartners.com
Mobile Home Park Investors www.mobilehomeparkinvestors.net
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to: deals@parkstreetpartners.net
John’s website: Johnhurd.com
Email John: john@johnhurd.com
Call or Text John: 361-522-5564