Episode 3 - In MHP Investing You Have Options!
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Featuring Jason Sirotin and Glenn Esterson, The Mobile Home Expert Podcast follows Jason on his journey as a potential investor into the mobile home park (MHP) industry. Guided by the experience and expertise of Glenn Esterson, the two discuss what it means to invest and manage mobile home parks, drilling down into each element that impacts profitability and success. Episode 3 focuses on Chapter 7 of The Mobile Home Park Manifesto, taking a look at each variation within the industry. It’s more broad than you think, encompassing mobile home parks, RV parks, camping grounds, and tiny house communities. Learn more about each type of mobile community and where the best investment opportunities lie in today’s market. Timestamps: 1:15 -- What is a manufactured home community and what do they look like today. 3:53 -- Causes for the shift in MHP quality, appearance, and popularity. 6:54 -- The appeal of a MHP for today’s investors. 8:51 -- How banks factor into MHP purchasing and financing in general. 11:02 -- Variations in the basic MHP concept. 11:46 -- RV parks. 14:53 -- RV parks vs MHP. 17:08 -- Managing property maintenance in a MHP. 19:11 -- Tiny house communities. 22:21 -- Putting this concept into an in-town site. 26:03 -- Campgrounds. 28:17 -- Campgrounds vs MHP in yields. 30:54 -- The best model for a first-time investor in this space. Up next, episode 4 brings together Jason, Glenn and special guest Charles DeHart to focus on when it’s time to retire and sell your park. They share tips for how and when to get the most out of a sale and what preparation should be done to receive top dollar.
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