Jul 8, 2023
In this episode of The MHP Broker’s Tips and Tricks Closing Cocktail podcast, Maxwell Baker, president of The Mobile Home Park Broker, interviewed leading company broker Ryan Ramseur about his recent deal selling Hawk’s Nest, a metro Tampa mobile home park.
This and every Tips and Tricks podcast episode is brought to you by The MHP Broker’s’ proprietary Community Price Maximizer. Use this four-step system to get the highest price possible for your mobile home park or RV community when you sell it through The MHP Broker. Guaranteed. Ask Max for details.
Here Are the Show Highlights:
- Top-performing The MHP broker Ryan Ramseur got interviewed by Max on his recent transaction selling Hawk’s Nest Mobile Home Park in metro Tampa, FL. (Max, 0:22)
- This was a 43-pad park with a well water and septic system for which the park owner was also the licensed operator. One major sales perk was that the owner was willing to stay on for awhile after the sale to help the new owner get established and make the transition as smooth as possible. (Ryan, 1:23)
- Ryan was able to get almost list price for the property, which was a stable asset and a turnkey operation. He was also able to show the new owner the potential for increasing rents to get them up to market value. (Ryan, 2:06)
- One takeaway that Ryan learned was that pride of ownership really shows, and increases the value of a park. The seller was very much a hands-on, involved owner who knew every tenant by name. By steadily investing in your property you can command a higher price when you go to sell. (Ryan, 2:42)
Want to buy or sell an RV park or mobile home community in the Tampa area or elsewhere through our innovative Community Price Maximizer platform? Just drop Max Baker a line at info@themhpbroker.com or give him a call at (678) 932-0200. You can also get in touch with Ryan directly at RRamseur@themhpbroker.com.
Power Quotes in This Episode:
“It's nice when you have sellers that you know care enough about the incoming owner not to leave anybody hanging, and and willing to do whatever they can to make sure that the transition runs smoothly.” (Ryan, 1:23)
“Whether they have a third party management company, or whether they're very hands-on, and (as a buyer) having visited the property multiple times, you really get the takeaway of pride of ownership.” (Ryan, 2:42)
“When you're invested in your business, it shows on the back end, and you're able to command a higher price ultimately.” (Ryan, 2:42)