How did you buy your latest park? Broker ? Direct Mail? Cold Call?
Ive done some good and probably not so good things over the years on marketing.
Im stabilized on my last deal and going to spend more time trying to get a deal in the next few months would love to land one.
Im really looking only in a narrow geographic region, will take smaller deals, i know many of the parks and have tried to develop relationships with a lot of owners. Even last week i bumped an offer i previously made, made a new offer, and revisited a verbal offer i made a couple years ago and increased it and formalized it. Im going to hit the local starbucks today and start calling owners , revisiting people i haven’t made contact with , drive parks, i think id like to do some mail as well ( sent one out last year) .
I know with enough time and effort this will yield a result. I just want to be make sure I’m buying at a reasonable valuation and some of the people i think out there are giving to high valuations but at the end of the day, that doesn’t get me the deal or perhaps i am the one making the valuation mistakes
I am in a good market , i like everything about it going forward. I have no problem penciling in upside for under market rents etc but im not going to put a blind eye to deferred maintenance, vacancy, park owned homes etc ( i will take those beasts on as much as i dont want to!)
Do you have any tips or tricks to share on how you got your last deal? Id love to have more tools in my tool box than fewer so if you have anything to share , please post here! Maybe you wrote your letter different and got a great response?
This is in the greater houston area if that carries any relevance.