The Mobile Home Park Lawyer Podcast

In today’s episode, we welcome Bryce McMurry to discuss how you can grow your portfolio with the help of his expertise in the contractor field. Bryan and his partners have “adding value to properties” as their niche in their construction projects. He emphasizes that property values may be stagnant because of a shortage of construction skills. However, there could be a lot of time management involv...

In today’s episode, we discuss how not to pay taxes. Did you know that when you invest in real estate, you face tax problems? And not just when you sell the property, but at every step along the way. Wouldn't it be nice if there were a service that dutifully executed all of your 1031 transactions? A 1031 tax-deferred transaction can be a well thought out strategy for deferring taxes but missteps i...

Today, we discuss the risks that come with property acquisition. In today's real estate market, home purchases may not always result in what you expected. It's not just the property itself, but also the hidden traps of the contracts that can bite you. Whether you are buying a new or existing home, duplex, triplex, or commercial property, there are many legal matters to consider. Buying a home can...

Today, we discuss both the rights and responsibilities of tenants and landlords when it comes to property real estate renting and or leasing. A landlord’s desire for security and a tenant’s right to a safe and habitable residence are often at odds. A lease agreement is more than just a piece of paper — it lays out the legal terms agreed upon by two parties. As in any contract, breach of the agreem...

Networking has become more robust in this day and age. Being in the right place at the right time and referrals through word of mouth has always been a reliable method of getting more business. But you’d be surprised how many opportunities there are in places like the Facebook Marketplace. Let’s explore these opportunities with Mitchel Armstrong as he shows us how he expanded his hustle to find so...

Today, we discuss the importance of a written correspondence especially for investors. Most real estate transactions require some form of written contract, and it's very important that this portion of the transaction be addressed quickly and efficiently! Even simple verbal agreements can cause major problems, especially during periods of high volume. Many investors rely on automatically generated...

Today, we discuss what a Master Lease is and how and when you can use this for purchase.  Master Lease is a controlling lease that gives the lessee the right to control and sublease the property during the lease. The lessee has equitable title to the property while the owner retains the legal title. It is commonly used in commercial real estate deals. When you want to purchase intermediate amounts...

The Private Place Memorandum (PPM) is executed in a legal document that each and every single person has. It contains a unique aspect relating to the individual, but also to the public. Even though a PPM by its nature is private, in this episode, you'll be able to learn the reasons why you should do one and why most people do not like to write privately because of the possible self-disclosure.   H...

Banks want to lend money, but they're ultra-conservative. You need these tips to help you get approved.  This episode will help you qualify for a loan and understand how to work with bank representatives. It will also offer advice on how to help banks feel more comfortable in dealing with your situation and how to show them that you are worth their time and money. If you've been rejected by the ba...

We all know that mobile home parks are a great way to achieve a sense of stability in our lives. However, one of the downsides of being so settled is that when something goes wrong—like a leaky pipe, gas lines or a rowdy neighbor, it can be tough to get things fixed.   When it comes to mobile home parks, being obstinate can mean the difference between a bad deal and one that will save you thousand...

The title company you select is critical to your success when buying real estate. An experienced and reliable title company will be experienced in negotiating potentially challenging real estate closing situations smoothly. So, how can you ensure the title company you choose is a good choice? Tune in as Ferd discusses this topic.   Highlights of the episode: 00:00:32 Host Intro  00:03:19 How Do I...

In a neighborhood with no documentation of water and sewer lines, where the only hold back agreement will be your word, how do you know if the people who came before you did their plumbing right? In today’s episode, we will learn the importance of legal documentation as we discuss the pros and cons behind Escrow Holdback Agreements.   Our guest for today is Jonathan Gilmore. Jonathan is a real est...

In today’s episode, we talk to Paul Bradley. Paul is a mobile home park operator who first stepped into the industry in 1988 when he was still 24 years old. As a young professional back then, he began working for an organization called New Hampshire Community Loan Fund, and since then made it his mission to help low-income people own homes, hence why he founded ROC USA in May 2008.   Paul emphasiz...

In today’s episode, we talk to Dustin Maxwell. Dustin is a commercial airline pilot who lives overseas while managing and owning mobile home parks throughout the United States, but mostly in the Southeast.   Dustin always had a business sense. He emphasizes on building connections with people, reaching out and putting yourself out there. Having open channels of communication, an organizational str...

In today’s episode, we talk to Craig Napoliello. Craig is a real estate hustler, owned a couple of multi-family properties, but now focuses on mobile home parks. Craig got into mobile home parks for about three years now and ended up selling 1031 of his multi-family properties to deepen his interest in real estate. After having encountered several highs and lows, Craig, together with his partner K...

In today’s episode, we will be having a conversation with Gerard O’Sullivan. Gerard O'Sullivan  is a successful businessman and a mobile home park investor and operator. He has been investing actively and passively in multifamily for 20 years and just recently got into mobile home parks for 2 years. He learned that while the depreciation on multifamily assets is good, the depreciation on mobile ho...

In today’s episode, we talk to Eric Lindsey. Eric is a real estate hustler, owns and flips mobile home parks while investing in homes and apartments. Eric got into Mobile home parks four to five years ago as a solution to address his job instability in the construction arena. After having encountered several layoffs, finding a secure job but then facing corporate politics along the way, it was the...

In this episode, Ferd talks about the differences between hiring a Pro versus a Schmo contractor. He also explains why pros are expensive compared to Schmos. Ferd also discusses why there is a need to have general liability insurance for workers or contractors.  Listen to the episode as we learn more about the best practices for hiring pros versus schmo contractors and identify how and when to hir...

Section 8 is an opportunity for low-income families and residents to rent apartments and housing at fair market rates. In this episode, Ferd Niemann shares with us real-life experiences and examples of section 8, whether a landlord or tenant should allow this arrangement and the cost that comes with it. Highlights of the episode: 1:57 - What is section 8? 2:09 - Pros of Section 8 2:54 - Cons of Se...

It’s always critical to your deal the level of due diligence you can apply before purchasing a property. In this episode of the MHP Lawyer Podcast, Ferd Niemann shares his own due diligence list specific to mobile home parks and highlights the importance behind each one of them to how they can be leveraged strategically to manipulate the contract and timing associated with your offer. The devil is...

This week's episode is about the pros and cons of owning a small mobile home park. Ferd Niemann shares the pros and cons of buying a small mobile home park. While some pros exist such as getting a chance to connect with tenants on a more personal level, cons also do exist such as not having the ability to hire a full time property manager. In addition to this discussion of contrast between the two...

Jamie Simerly has experience in installing sewer and water utilities for new residential and commercial construction. He has been with Homestead Inspection since 2019. Homestead Inspection is a family-owned and operated business with over 30 years of residential building experience and over 24 years in home inspection services. In this episode, Jamie will deep dive into the common problems investo...

In this episode, Ferd Niemann shares his thoughts on why the concept of rent control should be removed. Ferd expands on the detrimental long-term effects of Rent Control such as low quantity and quality of housing. He also discusses the three types of Rent Control (strict price, vacancy control, and vacancy de-control) which are all real-world examples of the impacts they can have on the future ma...

In this episode, Ferd Niemann discusses the importance of hiring a great property manager in the mobile home park business. Ferd expands on the importance of hiring slow and sometimes needing to fire fast. Ferd reviews the soft and hard skills that it takes to become a great property manager along with the core values that he and his team look to align with when hiring. If you’re looking to hire a...

After 25 years as a developer, investment banker, and real estate analyst, Brad Thomas believes there’s only one rule in investing: protect your principal at all costs. He’s built his career on trust, staying smart, and conservative on researching, connecting and doing what’s best for his clients. Besides real estate, Brad is an editor for the Forbes Real Estate Investor newsletter and writes week...