The Mobile Home Park Lawyer Podcast
Business:Investing
In this episode, Ferd Niemann shares his thoughts on why the concept of rent control should be removed. Ferd expands on the detrimental long-term effects of Rent Control such as low quantity and quality of housing. He also discusses the three types of Rent Control (strict price, vacancy control, and vacancy de-control) which are all real-world examples of the impacts they can have on the future market. Finally, Ferd notes that other investors may not know that they are victims of Rent Control and why Rent Control isn’t institutionalized.
Highlights of the episode:
00:32 - Introduction
03:25 - Why Rent Control Is Bad In The Long Term
06:08 - Types of Rent Control
12:00 - Long Term Impact of Rent Control
13:48 - Why Rent control isn’t institutionalized
19:35 - Conclusion
Notable Quotes
“Capital goes where it is welcome, and it stays where it’s appreciated.” - Ferd Niemann
“If my expenses keep going up and my revenue is fixed; I’m going to choose not going to do some of the discretionary stuff.” - Ferd Niemann
“In the development game, I'm not going to add more risk in capital if you’re not going to increase my upside.” - Ferd Niemann
Connecting with MHP Law:
Website: https://themobilehomelawyer.com/
Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069
LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/
Instagram: https://www.instagram.com/themhplawyer
#RentControl
#RentRegulation
#AffordableHousing
Ep. 68 | Mini-Series On Zoning Options To Utilize Your Property - Rezoning
Ep. 67 | Tips To Avoid and Cure Frozen Pipes
Ep. 66 | Interview with MHP Owner Mark Bibas - Lessons Learned On His First Deal
Ep. 65 | Interview with Top 50 MHP Owner Daniel Weisfield
Ep. 64 | Interview with MHP Owner Miles Noland - Navigating Master Lease MHP Deals
Ep. 63 | Forecast for The Biden Administration and its Impact on MHP and USA
Ep. 62 | Don't Ruin Your LLC Protection - How To Avoid Piercing The Corporate Veil
Ep. 61 | Interview with Austin Marsh - Property Management Tips and Tricks from the Field
Ep. 60 | Making Sure Your Property Management Agreement Is Buttoned Up
Ep. 59 | Interview with Jimmy Johnson - Assigning (Wholesaling) Tips From The Experts
Ep. 58 | Buying The LLCs vs The Real Estate - Pros and Cons
Ep. 57 | Interview with Scott Jolly - How To Save Money Short and Long Term on Cap Ex Road Work
Ep. 56 | Key Things To Look For, Or Dodge, In Bank Docs
Ep. 55 | Interview with MHP Owner Ryan Groene - Operational Tips For MHPs
Ep. 54 | How To Keep From Losing Money While Reviewing Closing Docs
Ep. 53 | Interview with MHP Owner Danny Grisa - How To Avoid Contractor Problems
Ep. 52 | Making Sure You Have Landlord Rights When You Buy
Ep. 51 | Buying Your Park Owned Homes Correctly With a Good Bill of Sale
Ep. 50 | Ferd's Favorite Things - MHP Stocking Stuffer Ideas
Ep. 49 | Landlord-Tenant Screening - What To Do
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