Category: Podcasts

On this episode of The Mobile Home Park Lawyer, Ferd talks about what he sees happening in the coming years with the new Biden Administration. Ferd discusses why he feels confident in his asset class, but doesn’t think everything will be rosy in 2021 with the potential changes.   HIGHLIGHTS: 0:00 – Intro 1:46 – Coronavirus has lead to all kinds of bad stuff 2:25 – The vaccine will get people out and about which will help the economy 2:56 … Continue reading “Ep. 63 | Forecast for The Biden Administration and its Impact on MHP and USA”

On this episode of The Mobile Home Park Lawyer, Ferd discusses protecting yourself through a limited liability company and provides you with some guidelines on how not pierce the corporate veil. Enjoy!   HIGHLIGHTS: 0:00 – Intro 0:50 – You cannot ever own property in your personal name 1:32 – You have to have an LLC 2:35 – You need an operating agreement 4:11 – Ferd speaks about piercing the cooperate veil and how to avoid doing it 8:11 – … Continue reading “Ep. 62 | Don’t Ruin Your LLC Protection – How To Avoid Piercing The Corporate Veil”

On this episode of The Mobile Home Park Lawyer, Ferd talks to Austin Marsh, one of his own property and project managers. Austin discusses what it was like starting in the business, offers some advice, and finishes off with some hilarious stories about his time working in the business of MHP. Enjoy!   “The biggest thing that I’ve learned is just maintaining relationships. Having good relationships with the vendors, having good relationships with the tenants, having good relationships with the … Continue reading “Ep. 61 | Interview with Austin Marsh – Property Management Tips and Tricks from the Field”

On this episode of The Mobile Home Park Lawyer, Ferd discusses property managers and property management agreements. Ferd goes through the most important provisions to include in your agreements, outlining the key duties of a property manager and what you need to look out for before you sign.   HIGHLIGHTS: 0:00 – Intro 1:28 – The property manager is typically the person who can do most the prep for the CPA to file tax returns 1:59 – Ferd recommends having … Continue reading “Ep. 60 | Making Sure Your Property Management Agreement Is Buttoned Up”

On this episode of The Mobile Home Park Lawyer, Ferd interviews Jimmy Johnson. Ferd and Jimmy discuss deals, fees, and assignments. Jimmy shares some valuable tips and tactics. Enjoy!   HIGHLIGHTS: 0:00 – Intro 1:50 – Jimmy gives us insight into his background and how he got involved with MHPs 3:10 – Ferd asks Jimmy how he finds his deals 6:08 – Ferd asks if Jimmy routinely sells to the same buyer 7:59 – Jimmy tells us how he evaluates … Continue reading “Ep. 59 | Interview with Jimmy Johnson – Assigning (Wholesaling) Tips From The Experts”

On this episode of The Mobile Home Park Lawyer, Ferd talks all things asset purchase agreements. Ferd explains all of the pros and cons of purchasing a property like this and explains that it’s not always the answer but that in certain situations, it might just be worth it.   HIGHLIGHTS: 0:00 – Intro 1:43 – In certain instances, you don’t want to buy the real estate in order to hide the sale 1:56 – An asset purchase agreement is … Continue reading “Ep. 58 | Buying The LLCs vs The Real Estate – Pros and Cons”

On this episode of The Mobile Home Park Lawyer, Ferd interviews Scott Jolly of Site Consulting Specialists. Scott gives his best asset-preserving advice as well as helping us understand asphalt and roadwork, and how to make the best choices for your MHP. Enjoy!   “Try to combine projects, especially if you have smaller parks, if they’re near each other. Even if you looking at your CapEx strategy, try to put those two, three years together, and find a year where … Continue reading “Ep. 57 | Interview with Scott Jolly – How To Save Money Short and Long Term on Cap Ex Road Work”

On this episode of The Mobile Home Park Lawyer, Ferd talks about some loan documents and what to look out for when loaning money. Ferd gives 4 things to look out for and offers up some advice and stories to help us all.   HIGHLIGHTS: 0:00 – Intro 1:30 – You can’t modify loan documents a lot, but you have to know what is in them 2:13 – Smaller banks use LaserPro docs and you can only change what’s written … Continue reading “Ep. 56 | Key Things To Look For, Or Dodge, In Bank Docs”

On this episode of The Mobile Home Park Lawyer, Ferd interviews Ryan Groene. They discuss all things MHP; seller finance deals, joint ventures, partnerships etc. Ryan gives his best advice for those looking to get into the industry and those looking to grow in the field, as well as sharing what he has learned through his operational experience.   “If you don’t have a plan, you don’t know where you’re going to go, so that’s number one. Find a plan, … Continue reading “Ep. 55 | Interview with MHP Owner Ryan Groene – Operational Tips For MHPs”

On this episode of The Mobile Home Park Lawyer, Ferd continues his discussions on closing documents. This time Ferd talks about settlement statements, declaration of value and warranty deeds, telling us all what you need to be looking out for when reviewing these documents.   HIGHLIGHTS: 0:00 – Intro 1:14 – The first document Ferd discusses is a settlement statement or your closing statement, which are important to look over because there are regularly mistakes 2:18 – There is standard … Continue reading “Ep. 54 | How To Keep From Losing Money While Reviewing Closing Docs”