EP482: Part 3 – Self-Storage Vs. Mobile Home Parks: Which Is The Superior Asset Class For Construction & Management? – Connecting Podcasts with Listeners & Subscribers From All Over the World!

EP482: Part 3 – Self-Storage Vs. Mobile Home Parks: Which Is The Superior Asset Class For Construction & Management?

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In Part 3 of this four-part masterclass we have four great real estate investors who are invested in two different asset classes Self-storage vs Mobile homes On the Self-Storage side we have Scott Meyers and Michael W Wagner and on the Mobile Home side we have Kevin Bupp and Ryan Narus These four guys battle it out and break down which asset class is best in areas of Acquisitions Dispositions Financing Management and Construction This episode dives into construction and management Btw all donations that come from this episode will go to fund We Are Graces a charity in Guatemala that s close to Alex s heart Key Takeaways These debates have raised almost 11 000 for the children and families of Antigua Guatemala so thank you Today s debate goes into construction and management The mobile home guys discuss why construction is better in mobile homes The supply in self-storage is everywhere Mobile homes are a scarce and growing asset You build legacy wealth with mobile homes The guys dive into why self-storage is better When a recession happens self-storage still prospers Can the big guys come in and squeeze out the little guy You can double your money on a construction that took 3 weeks with self-storage This isn t a one off deal either These deals are commonplace The mobile home guys rebuttal Smaller guys CAN get into mobile homes Self-storage guys rebuttal At the end of the day which of these asset classes is more efficient No matter what get some mentoring so you understand the financials Why is management better in self-storage The guys weigh in You can automate so much in self-storage People can move in and out without ever talking to one of the management guys It takes Michael 1-2 hours a week of work to generate all the money his family needs The highest expense in any business is payroll You don t have that in self-storage The laws are also on your side when it comes to self-storage The mobile guys discuss why management is the better asset class You can automate a lot of the mobile home business too The average tenant stays for 14 years It takes only one employee to manage 100 pads Most of your time is spent on rent week in the mobile home space Self-storage guys do a rebuttal There are so many horror stories on mobile home park management Sure tenant-owned homes might be great but park-owned homes are disastrous The mobile home guys do a rebuttal You can really burn yourself in both asset classes Park-owned homes are not a killer It s in fact very lucrative MENTIONED IN THIS EPISODE Connect with Scott Selfstorageinvesting com Connect with Michael and plug into The Storage Rebellion Community Connect with Kevin Kevinbupp com Connect with Ryan Archimedesgrp com IMPORTANT VOTE for who won the Debate by Making a Donation to Graces and Gain Access to All the Valuable Self-Storage Mobile Home Resources ASCEND Don t Wait To Enjoy Your Life Tomorrow Live It Today How To Grow Your Business Expand Your Impact and Experience Your Perfect Life LISTEN SUBSCRIBE TO THE FLIP EMPIRE SHOW PODCAST on Apple Podcasts http www flipempire com podcast SUBSCRIBE TO ALEX PARDO S YOUTUBE CHANNEL NOW https www youtube com alexpardo How To Grow Your Business Expand Your Impact and Experience Your Perfect Life Don t Wait To Enjoy Your Life Tomorrow Live It Today https www AscendYourSuccess com FOLLOW ALEX ON INSTAGRAM http instagram com alexpardo25 FACEBOOK https www facebook com alexpardo15 LINKEDIN https www linkedin com in alex-pardo YOUTUBE https www youtube com alexpardo TWEETABLES There s no sugar coating that it s really difficult to build new and building new pads is a pain in the butt in mobile homes We don t have to fight city hall to get a new home put on there with self-storage We just sweep out the unit and hit a button on the website Always be looking for value-add looking for ways to create value when you close on a facility or mobile home park in the beginning And also get some mentoring ASK ALEX A QUESTION Have a question you want featured on an upcoming Flip Empire Show Head over to the Ask Alex page and record your question We ve made it super easy for you so let us know what challenges you are having and Alex will answer it personally SUBSCRIBE To The Flip Empire Show and Leave a Rating Review img class alignnone size-full wp-image-348 src http flipempire com wp-content uploads 2016 06 Layout-2-iTunes png alt Layout 2 iTunes width 482 height 109 Click here to visit this podcast episode