Buying the first mobile home is the easy part, it’s getting the second one that gets a bit tricky!
Welcome to Episode 88 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This episode is a continuation of last week’s interview with Ralf Gomm. Ralf discusses how he markets his parks, manages his parks remotely, and how he builds a good rapport with his tenants. Find out more about Ralf’s mobile home park journey on this week’s show!
Key Takeaways:
[1:15] How does Ralf market his parks?
[2:40] When Ralf finds a park he’s interested in buying, what kind of marketing did the seller do?
[4:35] Ralf is thinking about doing drone footage on one of his properties. Jefferson chips in on his experience with it.
[6:45] How does Ralf manage his homes remotely?
[10:45] Ralf credits his wife for remembering every little detail about the tenants, all the way down to what their dogs and cats’ names are. This helps Ralf build better rapport with everyone.
[11:50] How much does Ralf pay his managers?
[14:00] When Ralf started getting bigger, he made the switch from traditional spreadsheets to RentManager — best thing he ever did.
[17:45] What does the future hold for Ralf and his wife? Does he plan to quit his day job anytime soon?
[21:00] How has Ralf found a reliable crew to do maintenance work on the homes?
[25:55] What is it like working with a spouse on the parks?
[30:45] What advice does Ralf have for new investors interested in getting into mobile park homes?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Email Ralf: JuliReality@Gmail.com