Episode 5 - The Good, The Bad & The Ugly of MHP Investing

The Mobile Home Park Expert Podcast

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 5 gets into the ins and out of MHP ownership, going from the good, to the bad, and the ugly. Luckily, no matter how crazy a situation gets, and Glenn shares a few from his own experiences as an owner and broker, there’s a way out so you can continue to reap the financial benefits of park ownership. Timestamps: 3:08 -- Things an owner should know and expect. 7:25 -- The Good. 10:00 -- What can catch you off guard during The Good. 10:53 -- An intro to The Bad (it’s fixable.) 11:46: Bullet points for The Good. 13:08 -- When you find yourself at a bad park. 14:04 -- Common bad situations. 16:08 -- Why refinancing with a bank is easier than getting an initial bank loan. 17:07 -- Fraud in the MHP business. 20:21 -- Transitioning into The Ugly by improperly vetting tenants. 24:46 -- Cleaning up an ugly mess. 27:14 -- Reasons to stay in the business even after encountering The Ugly. 29:42 -- Get free support no matter what stage you find yourself in to help make your park successful. Tune in next episode as Glenn evaluates the state of the MHP economy and offers advice on whether or not now is a good time to buy, sell, or ride out the potential recession on its way.