Franco Perez 0:00
A lot of these metro areas people don’t actually know that these mobile home parks are around like in the Santa Clara County, we have about 58 parks. And they’re in key areas like right across the street from a Google Campus and other ones in this Samsung right next to Samsung headquarters. And these were built in the 70s meant for the working like farmers or working people. Now they were built to be temporary. Now why cannot we convert these old single Why 1970 homes, their average about 700 square feet. So we now what we’re doing is we’re converting these homes into something massive a 1600 square foot, three bedroom, two bath that looks just like a new development single family home today. Right interior looks beautiful. We have 12 foot flat, high ceilings, and really luxurious homes. And that’s really been our mission is to break these stigmas and myths around mobile homes by making them beautiful and making them more modern, because it really helps advance people to get out of that rat race and we want to break those myths as best we can.
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J Darrin Gross 1:28
Welcome to Commercial Real Estate Pro Networks CRE PN Radio. Thanks for joining us. My name is J Darrin Gross. This is the podcast focused on commercial real estate and investment and risk management strategies. Weekly we have conversations with commercial real estate investors and professionals who provide their experience in insight to help you grow your real estate portfolio.
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Today, my guest is Franco Perez, Franco grew up in a family that experienced unstable housing. Today, Franco is on a mission to create affordable housing in Silicon Valley. And in just a minute, we’re going to speak with Franco about how mobile homes are the easy answer to the housing crisis.
But first, a quick reminder, if you like our show, CRE PN Radio, there are a couple things you can do to help us out. You can like share and subscribe. And as always, we encourage you to leave a comment, we’d love to hear from our listeners. Also, if you want to see how handsome Our guests are, be sure to check out our YouTube channel. You can find us on YouTube at commercial real estate pro network. And while you’re there, please subscribe. With that, I want to welcome my guest, Franco Perez, welcome to CRE PN Radio.
Franco Perez 3:13
Thanks so much for having me. Darrin.
J Darrin Gross 3:16
I’m looking forward to our conversation today. But before we get started, if you could take just a minute and share with the listeners a little bit about your background.
Franco Perez 3:26
Yeah, I guess one thing is I grew up in the Philippines at a young age and then moved over here with immigrant parents. And it’s me my younger sister, and my parents that moved to the Silicon Valley, San Jose, California specifically. From that, I was kind of put in a weird situation where my dad was the main breadwinner, they had a divorce my dad left. And immediately I was put in a situation where I had to survive and, and pay for housing and support my younger sister and my mom to about 1718 years old. And from that was one of the hardest times of my life. And I remember at the end of every single month trying to just gather as much money as I could to just pay my rent to the landlord to the to the homeowner. And I remember reflecting on how difficult that was and why is it this way. I feel like we’re good people. I’m a good person. But it’s so difficult for us to just survive in this area. Right and having gone through that experience. I later became an agent did real estate stuff for a while, did a good job at that and then really found out that I didn’t love being a real estate agent to the industry kind of is geared towards helping the richest people you can help find the most expensive real estate that they can and that’s really how you progress in that industry. However, I wanted to find something that was really, I wanted to build something that was going to benefit people that were in my shoes that are currently going through that struggle of that rat race that are currently maybe having that same pain of trying to pay for rent just to survive, and how can I build something that can help make their life just a little bit easier, right, and, and so I went along, trying to do government work, didn’t like that route. And then I came across mobile homes, and realized that it’s such a misunderstood asset class, there’s a lot of people that are able to get out of that rental rat race, and then get into these homes, then they’re able to kind of get a lot of benefits of homeownership to then few to then in the future, after three to five years, then be able to purchase single family, because in San Jose, it’s like, you rent a one bedroom, one bath for $3,000 a month, or you buy a median price home for $1.7 million. Right? And it’s so hard to imagine you can buy expensive single family home, when you’re paying rent all the time, and there’s no stepping stone in between, we’ve found that mobile homes are that perfect stepping stone in between. And since then we’ve worked on guiding people to get out of renting and then starting their wealth journey. But yeah, that’s kind of how we got started. And I got hooked and love helping the clients that we help. And then both on the on the personal end, and then also on the investor end as well.
J Darrin Gross 6:37
Awesome. Well, I appreciate you sharing the the background story there. And and kind of what, you know how you got to where you are. So curious, you mentioned growing up? You know, you’re kind of that the housing struggle? Did you ever live in mobile home housing, was that ever an option for you?
Franco Perez 6:55
Personally, I didn’t, I was always renting we were renting for a while. And then you know, we got to a point to where I was able to make enough money as an agent to be able to purchase. But in those shoes, in that phase of my life, it’s one of those things that I wish we were taught more in school values of where our money goes, the importance of ownership and how it’s not only our career, that we should be worried about rain, and it is one of those things that I personally feel if I didn’t know about it, my life would have been able to progress a lot easier. You know?
J Darrin Gross 7:37
Yeah, no, I think there’s there’s a lot of lessons like that in life. And and, you know, if I’d only known or, or had a lot of its seats, what we don’t know, like you said that nobody introduced it to you or it didn’t appear to be an option kind of thing. So I get it. So tell me about your current situation. You mentioned that the mobile homes, are you working to invest in mobile home parks? Are you working to find, you know, homes for individuals to buy? Or who tell me a little bit about how you’re set up?
Franco Perez 8:14
Yeah, so I mean, it really started with just doing the later part being an agent to help people get into purchasing these mobile homes selling mobile homes. What I’ve found is that, because of these bad stigmas and these bad myths around mobile homes, there’s really bad service around the whole mobile home industry. So unfortunately, part of the world of the real estate agent, we’re all this, because a lot of agents also don’t know about it, what’s happening is these people that could barely qualify for single family homes are now being ignored, right? A lot of the advice that these people are getting is like, hey, sorry, you don’t make enough or you don’t have enough as a downpayment, save up more, make more, and then later, we can talk, and then they just have to go back into that rent cycle. Now with us, we’re able to create a solution that’s actually going to benefit them to get that level ahead, right. So we give advices as best as we can to the consumer, on how they can have a pathway to be able to get to that ownership. And it’s through and is a perfect tool to have the mobile home side of it. So we did that for a long time. And then we got into why are these you know, in a lot of these metro areas, people don’t actually know that these mobile home parks are around like in the Santa Clara County, we have about 58 parks, and they’re in key areas like right across the street from the Google campus and other ones in the Samsung right next to Samsung headquarters. And these were built in the 70s meant for the working like farmers are working people. Now they were built to be temporary. Now why cannot we convert these old single Why 1970 homes, their average about 700 square feet. So we now what we’re doing As we’re converting these homes into something massive a 1600 square foot, three bedroom, two bath, that looks just like a new development single family home today, right interior looks beautiful. We have 12 foot flat, high ceilings, and really luxurious homes. And that’s really been our mission is to break these stigmas and myths around mobile homes, by making them beautiful and making them more modern. Because it really helps advance people to get out of that rat race, and we want to break those myths as best we can.
J Darrin Gross 10:35
Got it. So just to make sure I understand, are you acting in as an agent to help people that are buying the mobile homes? Or are you acting as a park? Do you are you investing in parks and, and kind of providing, you know the opportunity of the newer mobile homes and selling the mobile home, so I’m just gonna die and make sure and shiny
Franco Perez 10:58
Yeah, it’s actually a mix of both. So we try to be the all around anything for mobile homes. So we help with the agent side, we have several agents on our team throughout San Jose, la San Diego. And then also, we kind of have the construction development side where we help people that own one of these old mobile homes, they want to replace that one with a new bigger one. That’s the new big part of our business. Now, so we help that for direct to consumer. And then also we help park owners, these people that own these mobile home parks, we help them replace their old units and develop their parks as well. And so that’s hopefully that answered the question.
J Darrin Gross 11:37
Got it? No, I just I was trying to understand if you were actually if you had an equity stake in a park, or if it was more of the the the units that you were transacting? And if I understand right, so basically, it’s more on the focus of the units themselves, for the individual unit owners in in, I guess consult with park owners on how they can maximize or improve their park.
Franco Perez 12:02
J Darrin Gross 12:04
Got it. Got it. So you mentioned kind of the stigma, you know, the way way people have kind of, I guess, probably more ignored parks. You know, I think, you know, growing up, I can remember driving past them. And they a lot of them look more like something that you can actually tow behind a vehicle. Whereas now I think they’re more, you know, double wide, or I don’t know if there’s a triple wide, but I mean, there’s their significant, significantly larger properties and what they once were. Tell me about some of the transition. So take me through an example of somebody, an individual. And then also, tell me a little bit about how you work with a park owner. If they’ve got old, tired properties, how do you go about making her helping them transition to a newer unit and or a newer, newer look in the park? Yeah, so
Franco Perez 13:05
I’ll tell you about one of our first clients, there’s a lady that’s a teacher that lives in one of these older, like you said, looking homes might even look towball, right. So it’s about 700 square foot. This lady’s a teacher, her name is Maria, and has his home and their kids are growing. They have she has a husband and two kids. But they only have one bedroom in a small home. So for them, they have this old mobile home that’s in a key location, but they have because it’s built so long ago, it wasn’t optimized for high density housing. So we check out their lot and we see how big of a home we can fit. We essentially design a home to be able to retrofit that lot specifically to give them the maximum square footage, then design that and build that in a factory in an assembly line. assembly line fashion, right, so we build out that home in a factory. And meanwhile, we’ll be removing their old home, setting the foundation, putting the double wide in replacement to that home and turning that 700 square foot home into more than doubling the square footage. And then which also will raise the value of her future sale of the home as well. Right. So we try to make it a win win solution. Now these prices and stuff that I was mentioning might be relevant to what’s in San Jose, but in different states. These numbers could be much drastically lower. But for example for her case, her home, she spent about $250,000 to replace her old woman with a new one. But now her new her new mobile home value if she was to sell today would be about $390,000. Right. So from making that investment to replacing her old home to a new one. She now has a nicer home with higher quality standards with drywall with great H vaxis. DOMs dual pane windows and a beautiful kitchen beautiful bathroom. Not only does she have a better lifestyle, but she has more value in her home today than she if she would have stayed in now. Right. And that benefits both which will transition to the park as well. It benefits her because it beautifies her Park, I mean her beautifies her home. And then it also helps the park itself because it makes a nice home in the park owners Park and then which incentivizes others to want to have nice homes as well. Right. And now with that same concept that I just told you about Maria, we also work with park owners and do consulting for them, and how can we help replace a lot of your old units. And you know, whether you have five or 30 units of old homes, how do we help replace those at at scale to build the value of your park as well. So we typically will work with park owners to help find several different ways to raise value in their park. And then we’ll also work with park owners to create educational systems for the residents to learn that the benefits that there are benefits to upgrading their home. That way they have better tenants that are more invested. And because they both have good investments into this development, they both take care of the units, they take care of the park, and in the end, everyone’s happy.
J Darrin Gross 16:26
So a unit owner, they rent the space or their home sets correct? They rent the ground? Correct. Okay. And is there typically a lot of additional land around where the home sits? I guess I am. I’m trying to think I’ve been omitted in a park recently. But it seems like from memory. And I guess the density depends on the park. But I can remember some being pretty dense as far as the you know, the space between homes not being exactly. A lot of room there. Are you are you finding that in the parks that you’re working in that the the the ground that they have, that they’re leasing is is regularly adequate to to support a larger, significantly larger footprint?
Franco Perez 17:25
Yeah, I mean, of course, just like any real estate property, every case, every park is case by case, right? There are some parks that can only fit single wides. But the most common is really you’ll see a single wide with a pop out. And that pop out really doesn’t maximize their space much. However, in many cases, you’ll have these single wides that are like 700 square foot. And if even if they don’t have that much room, on the side of the home, they can still expand it two to three feet, but they’re the main Pro and the value add for that consumer is that they’re no longer dealing with the 1970 built 10 insulation home with a bad roof or anything like that they could we also have clients that just want the same footprint, same square footage, but a nicer home, you know, it’s still in the end can raise their value drastically as well, you know, new roof with shingles and better sub floor and insulation and just changing up the floorplan a little bit also helps for them as well.
J Darrin Gross 18:30
Sure. So how dependent is the value of the unit owners? I guess they have the opportunity to appreciate based on just their unit as opposed to you know, getting more of like a neighborhood reset. I mean, we’re more more than just you are the one that that has increased your your value. Where is it just a matter of just supply and demand?
Franco Perez 18:56
Yeah, it’s exactly that I was gonna get to that is it it is the supply and demand. One of the things that we do is we evaluate different metrics of each park. In some, you know, the common myth that we’ll get is that these homes don’t appreciate they depreciate drastically that blah, blah, blah. But that that kind of depends on the density of that city itself. It also depends on the job opportunities of that area. And it also depends on what are the alternative housing options for people in that area as well as are the rents low are the rents Hi, what is the purchase price of the homes relevant to that park area? Right so we use those as metrics to evaluate whether this park and the units are going to appreciate or not. Right so a lot of what we do is in metro areas where it makes a lot of sense. And with that, we’ll find that you know people are able to, like I mentioned to you here is like a one bedroom one bath apartment is 3000 a month and then In owning that new home, like, for example, for Maria, she’s paying 1000 a month on the space rent, and about 2200 a month on the mortgage, right, which is just a little bit more than what she would pay for a smaller apartment for rent. Now, that little bit more two thirds, guess you’re paying 1/3 of that to rent still. But two thirds of that is going towards a mortgage of something that you own, that that is part of your net worth, where you can build equity, or it has a big chance of appreciation, and you get tax benefits as well. You know, and these are, it’s at a smaller scale, you’re getting benefits of what homeowners are getting, right, which can help ease that payment, which can help build financial security for these families. And the the barrier of entry is no longer as crazy high as it is to buy a single family home, people can actually afford that small jump of payment compared to spending seven $8,000 Immediately after buying a single family home.
J Darrin Gross 21:05
Got it? So let me ask you about the park owner side of the equation. So you mentioned kind of $1,000 a month rent or the space? What’s What’s the appeal? Or what’s the kind of the conversation you have with park owner? If if I’m getting x per month in rent for the space? Does that does the rent increase? If if somebody puts a bigger home? Or? Or, you know, am I able to charge more rent? Or is it just I’m getting a better caliber of of rental units or rental owners or what’s give me some kind of what the appeal is for the owner because I would think that if just a ground lease, belong they’re getting their their monthly payments. I’m kind of curious how that conversation plays out as far as the appeal of of unless it somehow improves their bottom line or makes the I mean, I’m obviously it would it make the park more appealing if you had nicer units in it. But help me understand the park owner side of things,
Franco Perez 22:23
the advice that we get really accustomed to that area, every area and county has its own jurisdiction of rules and regulations on how on how you can raise rents and that sort of thing. So each strategy is a little bit different. The main, like you mentioned is the appeal of the park is a very valuable thing. There are cases in some times where they are able to raise the rent if if a new home development is being put normally the case is is that if there happened to be vacant lots, that’s where the park owners opportunities are to be able to charge a little bit more on the rent side to to put a new home in, right because they can’t it’s very difficult for them to attract a buyer that will pay a higher rent if it’s a very old unit, and that sort of thing. But if you actually have a newer home in your park, then and you have the opportunity to raise that rent, then in some areas that makes a lot of sense to do. So. Now, there are rent protections in many areas for residents, if they want to upgrade their home, if they want to put a bigger investment into their home to replace it. Normally it doesn’t. It isn’t to the parks benefit to raise that rent. Right. So because because they’re putting money in best investment into the park as well. But he’s strategies a little bit different on how they do that.
J Darrin Gross 23:54
You mentioned an unused space. As far as a strategy for park owners. I’m curious how often are you finding that there’s a significant amount of unused space where they can add additional units.
Franco Perez 24:11
Very often, most of these mobile home parks, it’s very difficult to build new mobile home parks nowadays, but we are working with a few. But a lot of these old mobile home parks are are built in that year I was talking about this in the 70s right and these are built in areas that weren’t high density before and before people their values was having a yard a large yard a large porch, you know a place for them to have a view and that sort of thing. But I’d say more than 80% of the time. There’s a decent amount of space for them to be able to expand their home and maximize the living square footage the interior living square footage because another thing to talk about too is these these cities in these counties they these are classified as affordable housing and they have their minimum quota that they need to have as available, affordable housing square footage in their areas, right. So that’s why this is a perfect tool. Because one, we’re benefiting the city’s quota by putting nicer bigger homes. And then also, it’s to their incentive to keep these parks the way it is to be able to create more affordable housing for that city and for that county.
J Darrin Gross 25:31
So how long have you been been working with the park owners and the individual owners in the mobile homes,
Franco Perez 25:39
Did it for about two years before I went independent, and then started my business two and a half years ago, actually. So that’s when that’s when we really, it really kind of kicked off, because it’s such a big problem that we’re coming across now as construction of affordable housing, we’re having big problems of not having enough labor not being able to build affordable cheap housing. And we’re really seeing a big shift of traditionally built homes, and how to how it’s migrating to now, homes that are being built in factories and an assembly line fashion, because it’s a better process, it’s actually better for the environment. And we’re able to produce more homes, than if we were to do stick to doing site built.
J Darrin Gross 26:27
So talking about the factory, build aspect of the mobile homes, how quickly can a development, you know, hey, from from sampling of, so you get the green light from the city, or even if you’re just doing a one off replacement, I would guess if you’re going traditional stick build, you’re probably a better part of the year to put up a home. How quickly can can an individual mobile b be, you know, put in place compared to the traditional stick stick belt?
Franco Perez 27:10
Yeah, so to do a replacement of an old one to a new one, like you mentioned, it takes about a year for traditional, but from start of the order, when we do it, we can actually have from start to finish to win, they can move in, in as little as three months. Now. That’s yeah, and that’s going to vary based on the current demand and material delays. If there’s no permit delays, and that sort of thing, but we’ve done it in as short as three months, which is quite amazing. And with that, it’s it really showcases how beautiful of a thing this is because when you look at traditionally built homes, it’s you have so many different issues, like whether it’s a weather delay, or the delays and the sort of things that can cause an issue. And one thing to keep in mind too is that the workers at these back in traditionally built homes, they have to be transported to that area to be able to do construction go back and forth, drive their, their tools and whatnot. Whereas like in these factory settings, you have a wait, what so much of a efficient process that’s really building these out in a in a safer manner and more effective manner. It’s kind of like how cars were only for the wealthy before until it was built on an assembly line, right, because they were able to pump out more at less costs. And because of that cars became something for everybody to be able to have. And that’s exactly the shift that we’re seeing in the construction industry to right right now it’s costing a lot of money to build housing. And it’s going to cost a lot more because a lot of our workforce that are actually our Gen X and older people that are retiring, and we don’t have enough Gen Z or millennials that want to be working with a hammer and doing construction. So we’re having really big issues with that. And that’s where these assembly line fashion construction in these factories are really going to be making that difference and creating an impact on how we can build affordable housing.
J Darrin Gross 29:17
So tell me a little bit about the conversation or the experience you’ve had with the local communities and their their acceptance of a mobile homes in in the community and possibly creating new parks.
Franco Perez 29:37
I’m glad you brought that up. I’m actually going to be speaking at this Congress event this month. And there’s there are a lot of issues you know, there’s a lot of misunderstandings about what these parks are Hollywood paints this picture that these mobile home parks are very slum like and very disgusting are now and for not so nice people. And that’s what We’re facing, we have a lot of these other entities that we’re working on, you know, there’s other, there’s people that don’t understand what mobile home parks are and how they benefit society. And then we have these people that are trying to close these parks down. And that’s what we’re fighting against. And that’s why we’re so passionate about showcasing how beautiful the other thing, this is not only financially, but aesthetically as well. And the quality of the people that live in these parks, they’re actually very important to, you know, these are teachers, nurses, working class people that that really make our cities feel like this, that are unfortunately going to be very displaced, if we don’t have this type of housing and this type of opportunities for the working class. And we are facing some people on the opposite side that don’t want these parks around. And that’s why and that’s part of it is because of those stigmas, but part of our motion now is trying to showcase how crazy it is for these people. And then also how beautiful these parks can actually be. Because if you actually take the time to see how nice of a park, this could these things could be. Because you see, you can have apartments or single family homes in very bad areas. And then you can have very nice apartments as well. But it’s the same as well, with mobile home parks, you have some not so nice mobile home parks, and yes, some beautiful, luxurious mobile home parks that are like a resort or a spa. Right. And these are things that I’m very passionate about protecting because of the use cases of the families that need this as housing.
J Darrin Gross 31:43
So you mentioned the kind of the the creation a lot of these parks was in the 70s. And how there’s a need to replace the the units. Is there a life expectancy of these are the factory built ones? Are they more similar to a stick built home as far as the, you know, the life expectancy, the you know, life use of one of these types of homes.
Franco Perez 32:12
The two big metrics with that is, one is the upkeep and the maintenance of that home. I have some I’ve worked with some 1960s homes that were very well maintained and taken care of very well. And then I’ve also dealt with some 15 year old homes that were not well maintained, and, and are deteriorating and that sort of thing, right. So there’s a few metrics that are kind of coming into place. But one of the new things with the homes that we’re building now, as we’re creating, and working together on these standards of how they’re being built, we’re working together with HUD and different associations, to be able to build these standards for them to withstand the same standards as any new construction being built now. So we use, we use very, you know, very strong roofs, and then two by four siding and all of these standards that are similar in new construction, we’re doing the same things to be able to build, it’s to build the homes now, but it’s tough to say how many years a home would last. Because before they really were meant to be temporary. They were really built to be like 10 to 15 years, but that’s been proven wrong because we still have so many people living in these 1970s homes. Right So
and, and the beautiful thing about these mobile homes too is it because the people living here are actually owners and invested into their homes, they’re going to take the time to put money to repair to fix to remodel their homes, right because they this is their home. So just like single family homes, you could buy an very old home that wasn’t that isn’t in great condition and you can remodel it and fix it and repair and maintain it.
J Darrin Gross 34:07
So as far as getting into mobile home, you you kind of laid out the the rent you know scenario in Silicon Valley and and the costs for a one bedroom one bath as opposed to you know, a nicer unit that your your client bought. Are there any special financing opportunities for the unit owners? Do they qualify for Fannie Freddie type loan or our our that what’s the financing like for these?
Franco Perez 34:40
Yeah, there are motions for us to work with Fannie and that sort of thing, but they don’t currently get covered by them. There are specific financing. They call them chattel loans, where they work for mobile homes and are in these parks. And then we also are working on our own fine That’s a financing company as well, where we’re helping make it easier for people to get loans for these for these mobile homes and parks as well. But typically you’ll see about a 25 year loan of that matter.
J Darrin Gross 35:19
Got it? Got it? And do the factories provide any kind of financing? Or is it? Or is it outside financing?
Franco Perez 35:28
Each state that we’re in, it’s a little bit different. But in California, there aren’t, the factories aren’t providing any financing of that matter. But, you know, it’s, it’s really finding somebody that will help and, you know, that’s why our company is very proud of what we’re doing is we’re we help create those financing connections for these buyers and for the, for the sellers as well.
J Darrin Gross 35:58
So if you were to describe a an ideal opportunity for you, what what would that look like?
Franco Perez 36:07
I’d say for me is what’s interesting is, for me, my, my big passion is really trying to create more opportunities for people that aren’t as well off, right. So the opportunity for me is to be able to protect these mobile home parks and protect these residents and create and protect their opportunities to be able to own a home. Right? What’s unfortunately happening with the real estate market is a lot of real estate is being really only benefiting the very wealthy, you know, and for me, I
because of where I came from, I’m very passionate about of creating opportunities for these, whether it’s an immigrant family, or a low income family or a teacher, we want to protect their ability to be able to have a spine and have financial freedom. And that’s really our focus in the why we’re building this company, and why we’re very advocate. We’re, why we’re advocating this type of housing as well.
J Darrin Gross 37:18
Got it. He Franco if we could, I’d like to shift gears here for a second by dam and insurance broker. And as such, I work with my clients to assess risk and determine what to do with risk. And there are three strategies that we typically consider, we first look to see if there’s a way we can avoid the risk. If that’s not an option, we look to see if there’s a way we can minimize the risk. And if we cannot avoid nor minimize the risks, then we look to see if we can transfer the risk. And we do that through an insurance policy that’s risk transfer vehicle. And as such, I like to ask my guests, if they can look at their own situation. And it could be your clients, investors, political interest rates, the market, however you would like to identify what you consider to be the biggest risk. And, again, for clarification, while I’m an insurance broker, I’m not necessarily looking for an insurance related answer. And so if you’re willing, I’d like to ask you, Franco Perez, what is the Biggest Risk?
Franco Perez 38:24
I think, for this conversation is one of the biggest things is really the advocacy and you mentioned politics. You know, what one of the big risks are people not understanding the value of these mobile home parks, and them advocating for these to be closed down or redeveloped into rentals into rental property? You know, these. That’s what I’m fighting for right now with our conversation on the Congress meeting. And that sort of thing is protecting these parks, making sure we keep affordable housing available. And that’s one of the big risks that I see because a quick government change could really change the landscape of these opportunities for so many people. And we need to protect these mobile home parks and create guidelines and policies to make sure that there’s always going to be opportunities and social mobility for the middle class to be able to, to to own assets and stuff like that as well. So that’s, to me, I’m finding is one of the biggest risks of our industry.
J Darrin Gross 39:44
Got it. Franco, where can listeners go if they’d like to learn more or connect with you?
Franco Perez 39:52
You can google us at Franco mobile homes or all of our links are on www.franko.tv There you can see how beautiful we’re building these homes. You can see how beautiful these communities look. We make a ton of funny videos and educational videos on how this is important. And yeah.
J Darrin Gross 40:14
Got it? Well, Franco Perez I can’t say thanks enough for taking the time to talk today. I’ve enjoyed it, learned a lot, and I look forward to doing it again soon.
Franco Perez 40:26
Appreciate and thanks for having me. I love what you’re doing.
J Darrin Gross 40:28
You got it. For our listeners, if you liked this episode, don’t forget to like, share and subscribe. Remember, the more you know, the more you grow? That’s all we’ve got this week. Until next time, thanks for listening to commercial real estate pro networks. CRE PN Radio.
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