All Forum Posts by: Trent Kloter

Hello - 

Curious if anyone has a connection with investors/groups looking to buy full service car washes, mainly in FL in prime locations. 

Hello.

I work for a CRE firm that is looking into buying/selling MHPs. I come from a self storage background but I know MHPs are quite different. Any guidance on the following would be very helpful.

Are there such programs/software etc in the MHP space that track the following data? (ownership info, sales, new developments, competition info etc.?) 

Is there a course for MHP underwriting? I'm trying to get a basis to understand the asset class overall and nuisances of it, types of parks(A/B/C), general UW thresholds etc. 

Thank you all. Basically I underwrote a small amount in admin and late fees. This particular site has 30 AMP hook ups and it sounds like billing tenants for the usage is an option.

Hello - 

I'm curious what - if any ancillary income is associated with RV/Boat storage properties (strictly RV/Boat). I was thinking admin fees/tenant insurance/late fees.  I'm particularly curious about tenant insurance and what I could underwrite to on that. Any info would be appreciated. 

Thank you all for the input. I've been going through OM's  as well to get more familiar with terminology and the nuisances of sub asset classes. 

Hello-

I work for a CRE firm that is planning to branch out into other asset classes however I want to understand the different metrics/thresholds used to evaluate these asset classes. I come from a self storage background and we often discuss rent/sf, cap rate, and price per sqft as well as demographic/current supply thresholds. I would think each CRE asset class would use the same metrics such as cap rate/ price per sqft, but I know there are others like price per door/price per pad. etc. Any help would be great.

Multi Family

Retail

Industrial

Office

Just as a metric for evaluating the property and correct, to compare to other properties.  

Hello.

I'm running an analysis on a RV and Boat deal. The property is RV and Boat with some storage pods. 

When it comes to calculating the price per sqft, what sqft # would you be using? the sqft of all the spaces + storage pods? or the sqft of the entire parcel? (# of acres)?

I'm used to calculating the net rentable sqft of storage properties and I always exclude outside parking in NRSF.