WS1330: MHP Operations and Value Add | #Highlights

Ferd Niemann’s current niche is mobile home park (MHP) law. There is a lot of hostility around MHPs and each year, more are being redeveloped or destroyed than are being created. In today’s #Highlights episode, Ferd discusses the different types of MHPs and the important elements to consider when doing due diligence on MHPs.

Across the country, mobile home parks are an attractive investment, which is why it’s important to be able to create value from a distance, by increasing occupancy and bringing in new mobile homes in parks nationwide. Tristan Thomas plays a major role as an infill manager in developing MHPs. He explains the process of filling a vacant pad, and some of the pitfalls remote infill managers like him encounter. He also talks about the importance of investing out-of-state for scaling, how he communicates, organizes, and documents his processes.

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