Jun 18 2024 46 mins 4
Welcome back to the Mobile Home Park Lawyer Podcast! Today, we're excited to bring you a wealth of knowledge from our distinguished guest, Jordan Savitsky, with 50 West Capital. Jordan is an experienced entrepreneur with a background in various business ventures, including real estate and mobile home park (MHP) investments.
In this episode, Jordan shares his journey from private equity to real estate, emphasizing his approach to learning by doing and the importance of thorough due diligence. He offers valuable insights into strategies for finding the right deals, navigating the challenges of different markets, and operational tips that can make or break your investment.
Jordan discusses the nuances of managing park-owned homes, the importance of due diligence, and the value of having a working capital budget. He also highlights the significance of finding the right tenants and shares personal anecdotes about tenant screening and operational adjustments that have contributed to his success in the MHP space.
Don't miss this insightful conversation that dives deep into the operational and strategic aspects of mobile home park investments. Whether you're a seasoned investor or just starting, Jordan's experiences and advice will help you navigate the complexities of the MHP market! Tune in Now!
Highlights of the episode:
00:00:07 Introduction and overview by Ferd Niemann
00:00:34 Welcome and introduction of guest Jordan Savitsky
00:05:04 Initial deal criteria and lessons learned from the first deals
00:07:46 Importance of due diligence and working with experts
00:14:57 Value of park-owned homes and strategies for managing them
00:19:08 Tenant screening and the importance of finding the right tenants
00:26:52 Operational tips and experiences post-closing
00:36:29 Strategies for marketing and attracting the ideal tenant demographic
Connecting with MHP Law:
Website: https://themobilehomelawyer.com/
Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069
LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/
Instagram: https://www.instagram.com/themhplawyer
Connecting with Guest:
Email: [email protected]
Linkedin 50West: https://www.linkedin.com/company/50west-capital/
Linkedin Jordan: https://www.linkedin.com/in/jordan-savitsky-64505b23/
#MobileHomePark #RealEstateInvestment #OperationalInsights
