Treeside Capital Podcast

Buying a mobile home park in a competitive market can be challenging, especially when factors like REITs and limited supply are driving up prices. Here are some strategies and advice to consider:   Market Research: Conduct extensive research to understand the market dynamics in your target area. Look at historical price trends, vacancy rates, and demand for mobile home parks. Identifying areas wit...

Investing as a Limited Partner (LP) in Real Estate Deals: Track Record: Examine the track record of the General Partner (GP) or the real estate firm. Look at their past deals, returns generated, and whether they have successfully managed similar types of projects. Transparency: Ensure the GP provides detailed information about the deal, including financial projections, risks, and exit strategies....

Effective collection strategies are crucial for businesses of all sizes, including small businesses and mobile homes and RV parks. Here are some best practices for collecting rent and invoicing customers: 1. Clear and Consistent Communication: Establish Clear Terms: Make sure your rental or payment terms are well-documented and clearly communicated to customers from the start. This includes rent d...

To ensure employees are completing assignments, following up appropriately, and staying organized, you can ask specific questions and use effective communication strategies during one-on-one meetings. Here are some questions and approaches to consider: Task Progress: "Can you provide an update on the status of your current assignments?" "What progress have you made since our last meeting?" "Are th...

Becoming a conduit of deals in the real estate and business world requires a combination of skills, strategies, and networking. Here's a step-by-step guide on how you can achieve this: Education and Knowledge: Start by gaining a strong understanding of the real estate and business industries. This includes market trends, property valuation, investment strategies, legal aspects, and negotiation tec...

Your network can play a significant role in growing your business and increasing your net worth. Building relationships with high net worth and influential individuals can open up opportunities for collaboration, partnerships, investments, and knowledge sharing. Here's why your network is important and some strategies to connect with such individuals: Importance of Your Network: Opportunities: A s...

Taking out a Small Business Administration (SBA) loan for purchasing an RV park can indeed present both opportunities and risks. It's important to carefully weigh the potential rewards against the inherent risks before making a decision. Here's a breakdown of the risks and rewards involved and what to consider: Rewards: Lower Down Payment: SBA loans typically require a lower down payment compared...

Setting up an effective marketing system for off-market leads in real estate requires a strategic approach. Here's a step-by-step guide on how to do this and how to leverage these leads to create opportunities for other buyers and strengthen relationships: 1. Build Your Owner Contact List: Research and identify potential property owners in your target market. Gather their contact information, incl...

Follow-up is incredibly important in sales and business, especially when dealing with brokers, sellers, or potential clients in the realm of real estate or business transactions. Rarely do deals get completed on the first contact, as building trust, addressing concerns, and nurturing the relationship takes time. Consistent and creative follow-up strategies can significantly increase your chances o...

Establishing key metrics for employees is a crucial aspect of performance management and accountability in any organization. Here's a step-by-step guide on how to establish key metrics and the importance of tying bonuses or commissions to these metrics: Step 1: Define Clear Objectives: Begin by setting clear and specific objectives for each employee or team. These objectives should align with the...

Deciding whether to act on an opportunity requires a thoughtful approach and consideration of various factors. Here are some steps to help you make a well-informed decision: Evaluate the Opportunity: Begin by thoroughly understanding the opportunity. Analyze its potential benefits, risks, and alignment with your long-term goals. Consider the market demand, competition, and growth prospects. Assess...

Due diligence is crucial when it comes to evaluating and acquiring RV and mobile home parks. It involves conducting thorough research, analysis, and investigation to assess the financial, legal, operational, and market aspects of the property. The importance of due diligence in this context cannot be overstated, as it helps buyers make informed decisions and avoid potential pitfalls. Here are some...

To 10x your business and achieve significant growth in revenue and customers, you need to adopt a mindset focused on exponential growth rather than incremental growth. Thinking in terms of 10x growth is beneficial because it forces you to challenge traditional thinking, push boundaries, and identify innovative strategies to achieve massive results. Here are some steps to help you achieve tremendou...

Firing an employee is a challenging task that should be handled with sensitivity and professionalism. Here are some best practices for terminating an employee: Preparation: Gather all the necessary information and documentation related to the employee's performance, conduct, or any other relevant factors contributing to the decision. Private conversation: Schedule a meeting in a private setting to...

Reading information on Twitter and applying it effectively requires critical thinking and discernment. Here are some steps to help you evaluate information and identify true experts: Understand the context: When reading a tweet or any information on Twitter, try to understand the broader context of the topic. Consider the background, sources, and any additional information that may provide a compl...

Planning is essential for a variety of reasons. Here are some key points highlighting the importance of planning: Goal Setting: Planning helps in setting clear and specific goals, allowing individuals or organizations to focus their efforts towards achieving those objectives. Resource Allocation: Planning helps allocate resources efficiently and effectively, ensuring that they are used optimally t...

To stay out of day-to-day minutiae and focus on building the business, a business owner can employ the following strategies: Delegate responsibilities: Hire capable and trustworthy employees or outsource certain tasks to free up your time. Delegate operational tasks that can be handled by others, allowing you to focus on strategic activities. Develop systems and processes: Create standard operatin...

Making important decisions requires careful consideration and a systematic approach. Here are some suggestions for using a framework to guide your decision-making process: Define your goals: Clearly identify the specific objectives you want to achieve with your decision. This will help you align your choices with your overall aspirations and determine the criteria for evaluating options. Gather in...

Investing in your own education is highly valuable for personal and professional growth. Here are some reasons why it is important: Knowledge and Skills: Investing in education allows you to acquire new knowledge and develop valuable skills. This can enhance your expertise and competence in your chosen field. In the case of commercial real estate, staying updated on market trends, legal regulation...

Moving on from a bad event, such as a failed deal in commercial real estate, can be particularly challenging due to the financial implications involved. However, the following strategies can help you navigate the situation and regain control: Acknowledge and process emotions: Allow yourself to feel the disappointment, frustration, or any other negative emotions that arise from the failed deal. Giv...

Learning is indeed a process that involves acquiring knowledge and skills in a specific subject, specifically commercial real estate or RV parks. It typically begins with a lack of knowledge, and through various stages, one can progress to becoming an expert. Here's a simplified overview: Initial Knowledge: At the start, individuals have limited or no knowledge about the subject. They may have a b...

We used to say that when I coached and played baseball. It means instead of feeling sorry for yourself, what can you do to improve right then? The same thing applies to commercial real estate. Due to high interest rates and the current economic environment, it is difficult to buy and sell mobile home and rv parks right now. So what do we do? We are working on all the systems in our business, impro...

Here are some of the skills that can be developed from trying different business ideas: Resilience: Failing and starting over repeatedly can build resilience, which is the ability to overcome setbacks, adapt to new situations, and keep going despite challenges. Creativity: To create successful businesses, you need to be creative in your approach to problem-solving, finding new opportunities, and b...

In this episode I speak of my camping trip in the Denali National Forest in Alaska, and how that debacle and lack of preparation made for a miserable trip. I relate this back to evaluating RV parks, and quality underwriting that is necessary to make the whole machine work. When it comes to investing in RV parks, it's crucial to have a solid strategy in place and thoroughly underwrite each deal. Th...

It's interesting to see parallels between selecting a life partner and a business partner, as both relationships require a strong foundation of mutual trust, respect, and complementary skills. Here are some potential strengths and weaknesses that may exist in your relationship with your commercial real estate business partner: Strengths: Complementary skill sets: You mention that your skill set is...