The experiences and solutions to win through them…
And, the lessons to heed…

Guest: Frank Rizzo
President, Stone Capital Investors, LLC
CEO/Broker, Cornerstone Reality Inc

Ed Jarecki
FocalPoint, Business & Executive
Coach
lonidea, Business Partner

In this episode of the MHP Show podcast, host Derek Vickers and guest Frank Rizzo of Stone Capital Investors delve into the intricacies of investing in mobile home parks. They discuss the challenges and rewards of transforming distressed properties into affordable housing communities, emphasizing the importance of community engagement and maintaining high standards. They explore the operational strategies for managing parks remotely, the impact of road improvements, and the increasing interest in mobile home parks as an asset class due to housing affordability issues. The episode also touches on industry consolidation and the significance of local teams in managing properties effectively. Frank invites listeners to learn more through their educational platform. Tune in to learn more about… From Accidental Beginnings to Community Impact Building Bridges with Municipalities Zoning Challenges and Cultural Shifts The Joy of Paving Roads and the Rise of Mobile Home Parks Emotional Attachment and Industry Consolidation Managing Mobile Home Parks from a Distance Important Links and Mentions: Ty Thompson on LinkedIn:   / frank.rizz   

Link to podcast: https://podcasts.apple.com/us/podcast/the-mhp-show/id1679145880?i=1000655392072

Once a Mobile Home Park is fully stabilized, it has the most predictable cash flow of any Real Estate asset class. The average Mobile Home Park tenant who owns their own home says 17.5 years, and some stay even longer. Many ma and pa legacy owners, especially second or third generation family members, don’t reinvest into their properties and the assets become mismanaged and neglected. These parks can be great value-add opportunities for professional Mobile Home Park operators. Frank Rizzo, President of Stone Capital Investors, specializes in the acquisition, management, and development of mobile home parks throughout America`s Southeast and Sunbelt states.

link https://www.streetsmartsuccess.com/440-the-average-mobile-home-park-tenant-who-owns-their-own-home-stays-175-years/