All Forum Posts by: Sharee Mason

I am opening a brokerage and exploring software options. We will be taking on long-term rental management as well as general brokerage (buying/selling). Is there a property management or deal management software that is good for both?

I am looking for an experienced agent in Davenport, FL to refer a client to.

We have a property management company for beachfront rentals.  Our outdated key system has a branded key tag with a piece of tape and sharpie label for the property number.  It looks bad.  I want to revamp the whole thing, keep the branded key tag, and have a way to label each tag that looks professional and holds up to the elements.  Our keys frequently travel in beach bags, get wet, and get roughed up by sand.  Can anyone recommend a labeling system that looks professional?

@Warren DeHaven

Hi Warren!

What do you do in construction? Any idea which company you're going to work for? I've been working with a local builder here for the last 4 years, on land acquisition and development. Construction is a great industry to be a part of in Charleston.

I can help you get connected with resources here. Have you found your first deal yet? Any idea what you're needing? I'm an open book. Willing to help however I can.

Is anyone here a land acquisitions agent or new home builder building 100+ homes a year?  I've been working for a builder in that capacity, but could use more training.  I'm looking for a company in a different market (non-competitor) who would allow me to shadow their land person for a week or so, to gain some knowledge and training.  I've been bringing in deals in a non-traditional way, with a background in real estate and investing, but no formal training in a land acquisitions capacity.  I'd like to be able to work more independently, take on meetings with the engineers of projects we have going, and relieve some of the workload from our CEO who has been handling all of this thus far, but now needs to focus on the bigger picture.  I am willing to travel anywhere to get the right training.

Perfect, thank you!

I have a client looking to purchase a property along Remount Road, or within a mile of it.  He will consider anything with at least 2 bedrooms.  It could be a single family home, multifamily, or mobile home park.  Commercial potential is a plus but not a necessity.  If you know of something fitting this criteria, please let me know.  He's looking to act quickly and pays cash.

Thank you all so much.  I felt the same way but this is my first mobile home deal so I wanted to make sure I was advising him correctly.  He is paying cash, which is great because we don't have to justify the price to a lender, but also means we need to know what the hell we're doing so he doesn't get stuck overpaying for an underproducing property.  

Details that make this deal a little more complicated:  This park is a non-conforming park in an area zoned, "General Business" with the future use listed as, "Major Business/Retail."  The owner is valuing the park at a high commercial price, but my buyer is purchasing to use as a mobile home park initially, with the intent to eventually use it for his own business (his warehouse is a few blocks from this property, along the same street), or to resell it to a major retail business and capture that profit himself.  The current MH are delapitated, 2 of which we thought were condemned but have since found out are being rented.  This is not a large park, and has only 8 mobile homes and one single family house.  There are 5 vacant spots but we have discovered the following zoning code:

"Nonconforming mobile homes once removed shall be replaced within thirty (30) days of removal or forfeit nonconforming status, and if replaced shall not infringe on established setbacks, and shall meet in full the requirements of section 6-1 of this ordinance. Manufactured homes damaged or destroyed by fire, acts of nature or other cause shall be replaced within sixty (60) days of the time of casualty or the non-conforming status shall be forfeited."

 So, those 5 spots cannot be filled and therefore absolutely cannot be counted as any value whatsoever.  After obtaining the park, I believe we could appeal to the zoning board to allow us to reinstate those lots, potentially.  Does anyone have experience doing so, and can you give any advice there?

I have a client trying to purchase a mobile home park.  It has a few empty spaces.  The seller has those spaces listed on the pro forma income/expense sheet as what they would bring in if they were occupied.  My question is, how do you value the vacant pieces?  It doesn't seem right to value them at the income they would bring in, because there's a lot of work involved in placing a mobile home and securing a tenant.  It's not like the lot will perform immediately, so I don't think it's correct to value it as if it would.  On the other hand, there is income potential there.  So should the vacant lots be counted in the purchase value, and if so, how?

Welcome Neecy!  It's great to see other women interested in investing.  We are a bit outnumbered, lol.  Good for you and glad you came to this site.  Stick with it and you'll learn a TON.