Welcome to Episode 119 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is back after a short podcast hiatus with some interesting updates from the latest trade show he attended. Jefferson recommends you attend the NCC trade show to learn about the latest industry news and to network with others. He’s even gotten a deal out of it himself by attending this event!
Key Takeaways:
[1:50] Who should go to the NCC trade show?
[2:50] What economic trends have been affecting the housing industry?
[7:50] Around 100,000 long-haul truck drivers will be put out of business in the next five years due to automation.
[11:45] Interest rates are predicted to keep rising and we might see a mini-recession in the second half of the year.
[15:00] A quick legislative and regulatory update.
[21:45] Roughly 12% of all housing in Georgia is manufactured.
[22:25] Nothing in section 107 of the 2155 law impacts rent-to-own agreements.
[24:15] Invite all your local representatives to come to see your park and your community. Talk to them about what you’re doing.
[24:51] The next talk was about how to properly manage your PR during a crisis.
[30:25] Think about your positive tenants. Who are your allies?
[31:35] Set Google Alerts for your name or for your park.
[35:55] What is the state of the market currently?
[39:25] Biggest challenge currently is hiring talented employees.
[42:50] Preliminary data shows that pad rents increase faster than apartment rents do.
[44:45] Have some questions or thoughts? Feel free to email Jefferson.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
