In this episode, Jason Janda, CEO of Rochester Property Group, LLC, a practicing attorney and mobile home park owner and investor, shares his expertise on deal sourcing and due diligence in the real estate industry. He has mentioned an interesting take on possibly using drone videos to attract potential buyers, as well as the differences between refundable and non-refundable deposits.
We also explore safety policies regarding electricity and piping issues that can arise in mobile home parks. Jason shares his insights on how to avoid damage to park infrastructure caused by garage sale signs, and the importance of considering business calculations when making investment decisions.
Additionally, we discuss the legal implications of the eviction moratorium and common legal flaws in the acquisition process. This episode emphasizes the importance of getting zoning right and ensuring all titles are obtained in order to avoid legal challenges down the line.
Throughout the episode, we provide practical tips and advice for those in the real estate industry, and highlight the importance of thorough research and due diligence in making informed investment decisions.
Highlights of the episode:
00:00:36 Guest Introduction & Background: Jason Janda
00:05:14 Are You a Man of Your Word?
00:08:44 Drone Video to Bring Further Traffic to Your Property
00:12:07 Non-Refundable vs. Refundable
00:15:41 Electricity Safety Policies
00:18:33 Piping Issues for MHPs in the Seventies
00:22:47 How Garage Sales Signs Ruin the Wood
00:26:09 Putting Less Weight on the Tax Return
00:29:04 Eviction Moratorium
00:34:06 Legal Flaws
00:39:10 Getting the Zoning Right Is a Big Deal
00:43:54 Business Calculation
00:45:41 Make Sure to Get All Your Titles
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