The Real Estate Diversification Podcast
Business:Investing
In this Legacy Series episode of The RED Podcast, Ferd Niemann takes us through 10 Things To Include In Your Zoning Letter.
Hosted by Jonathan Gilmore.
HIGHLIGHTS:
0:00 – Intro
0:59 – There’s 3 types of zoning; legal, illegal and legal non-conforming or grandfathering
2:26 – Grandfathering has its roots in voting laws
5:19 – A lot of mobile home park land was originally parking lots
6:03 – To preserve your zoning, it’s important to keep at least one mobile home on your lot
7:25 – A certificate of zoning or a zoning letter is government letter head which is your insurance policy to say you have a zoning right
8:41 – Make sure there are no outstanding code violations on the property
9:52 – Find out the current zone is
12:12 – You want your letter to say a mobile home can be placed on all existing vacant or occupied lots
16:30 – You want the zoning letter to reference the location of the homes in the park
19:23 – Make sure there are no restrictions on the size of the home or the age of the home
20:17 – Make sure there are no requirements or restrictions as it pertains to the concrete pillars or pads under the home
21:22 – Usually the city doesn’t care
21:23 – Ensure you’re not subject to development code or any new infrastructure requirements, impact fees or development fees based on the transfer of the park
22:35 – You want your letter to say the park was existing prior to the code of 1975, although usually this is the first thing cut out
24:06 – If the city objects, work out whether it’s worth it
25:19 – Threatening to sue and using demand letters works a ton of the time
25:36 – If they damage the value of your property, they have taken something from you, meaning if you beat them in court you can pursue legal fees
27:33 – If you do sue and win, prepare for an appeal
RESOURCES:
Zoning Letter Checklist
Ep. 33 | Property Tax Appeals
Ep. 32 | Underwriting Property Taxes
Ep. 30 | Title Commitment and Surveys 101 – Part 2 of 2
Ep. 29 | Title Commitment and Surveys 101 – Part 1 of 2
Ep. 28 | 10 Land Mines to Avoid in Due Diligence
Ep. 27 | 30 Seller Deliverables to Request for Your Due Diligence
Ep. 26 | 30+ Provisions for Effective Purchase & Sale Contracts – Including 4 That Will Save Or Make You Money
Ep. 25 | Underwriting Assumptions for Your P and L and Day 1 Budget
Ep. 24 | 11 Steps to Consider When Evaluating a Real Estate Purchase
Ep. 23 | Property Tax Incentives
Ep. 22 | Industrial Real Estate
Ep. 21 | Historic Preservation Tax Credits
Ep. 20 | Restaurant Investments
Ep. 19 | Oil & Gas Investing
Ep. 18 | Investing in Farms
Ep. 17 | NNN Leases: What Commercial Real Estate Investors Should Know
Ep. 16 | Retail Development
Ep. 15 | Single Family Residential Development Purchase and Sale Agreements (PSAs)
Ep. 14 | A Deeper Dive into Single-Family Residential Development
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