Diverse Expertise With a Singular Focus:
Practicing Exceptional Law
Agile and Adept Real Estate Attorneys with Business and Real Estate Backgrounds
“Ferd Niemann has served as my attorney and helped me with the tax incentive and financial analysis processes. We worked together on a complex project involving tens of millions of dollars, and I valued his counsel very much. He is the rare attorney who understands the financial analysis process at an elite level.”
– Eric Holtze
Real Estate Investor & Developer
“Best real estate attorney. Has an investors mindset. Great for complex real estate investments, syndications, property taxes, due-diligence, dealing with the city/county on easements & zoning issues. Overall, he prioritizes his clients interests more than anything. Very transparent and clear communication.”
– Harsha Moole
Real Estate Investor & General Contractor
“I worked with Ferd on an extremely complex deal covering several Mobile Home Parks, apartments, single family rentals, etc. Through the 6 month contract period I relied on Ferd’s legal expertise, but I also came to him to advise me on business strategy, budgeting, and financial modeling, which he has experience in as an operator and syndicator. Through this process, Ferd was able to display his versatility on all matters real estate which is what makes him an irreplaceable resource for me. I would give him a resounding endorsement for anyone considering pursuing MHPs. I look forward to having him in my corner as long as I’m in the real estate business.”
– Craig Napoliello
Mobile Home Park Owner
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RECENT PODCAST EPISODES
The Mobile Home Park Lawyer Podcast
The Mobile Home Park Lawyer Podcast with Ferd Niemann IV.
Welcome back to the Mobile Home Park Lawyer Podcast! In this insightful episode, we’re joined by John Neet, a seasoned expert in mobile home park appraisals and valuation. John shares his vast knowledge on the complexities of rent control, the nuances of regional regulations, and how these factors impact property valuations, particularly in states like California with highly regulated markets.
John discusses the intricacies of rent control policies and how they affect market value, tenant dynamics, and owner strategies. He sheds light on unique valuation challenges, such as factoring in vacant pads and fractional interests, while also delving into the current landscape of investment in mobile home parks. With decades of experience on the West Coast, John provides valuable perspectives on the future of regulatory changes and their potential to expand eastward, offering listeners essential insights into market trends and long-term investment strategies.
Whether you’re managing a small portfolio or a large one, this episode will give you a comprehensive look at property management challenges and opportunities in the mobile home park industry. Tune in now for a discussion filled with practical advice for any property manager or investor!
Highlights of the episode:
00:34 – Guest Intro: John Neet
01:11 – Appraising mobile home parks and focus on the Western U.S.
03:30 – Rent control and its impact on California markets
05:45 – Localized rent control challenges
09:00 – Creative strategies for addressing rent control limitations
13:02 – Valuation of vacant pads
17:45 – Discussing cap rates in today’s economic environment
22:20 – Fractional interest valuation and ownership complexities
27:35 – Understanding local regulations for accurate appraisals
31:42 – Shifts in buyer demographics and new trends in park ownership
37:20 – The future of regulatory impacts expanding eastward
43:56 – Closing insights and how to contact John Neet
Connect 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
Connect with the Guest:
Website: https://www.johnneet.com/
Linkedin: https://www.linkedin.com/in/john-neet-b9b3ab12/
#RentControl #PropertyManagement #MobileHomePark #RealEstateInvesting #ValuationStrategies
The RED Podcast
Hosted by the experts at Kansas City Real Estate Law, The Real Estate Diversification (RED) Podcast is designed to help listeners understand the importance of diversifying their real estate assets, and will provide practical tips on how to do so.
In this RED Podcast Legacy Series episode, Ferd Niemann explains Property Tax Appeals.
Enjoy!
HIGHLIGHTS:
0:00 – Intro
2:24 – Look at comps or the other properties in the area
3:08 – Sales chasing
3:48 – Appraisers need to appraise fairly and accurately
4:09 – There are 3 reasons to appeal; valuation, classification and discrimination
5:20 – Assessment is supposed to be revenue neutral
6:41 – Informal appeals and getting your documents together
9:20 – One of the benefits of the industry is that there's little barrier to entry
10:21 – Pull comps, and come up with the equalized value, and this will show a big difference in what you are paying
12:08 – Two options for the county are lower the equalized asset value or increase everyone else
14:03 – If you lose the board of equalization, you then go to the state tax commission
14:22 – Most of the time you need to hire an attorney and licensed appraiser just to play the game
14:51 – Going through a trial
16:13 – If you lose your only option is to then appeal in circuit court
17:36 – It’s important to continually do a cost-benefit analysis
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