Three Pillar Communities

Steal this sentence for your next real estate Purchase and Sale Agreement. I just ran into this clause on a #manufacturedhousing deal we're doing, and I love it. "If Buyer, within 45 days of the Effective Date, gives Escrow Agent notice of Buyer’s having elected to terminate this Agreement, then: (i) Escrow Agent shall be absolutely, unconditionally and irrevocably authorized, directed and instructed to disburse the Earnest Money immediately upon receipt of such notice, without any inquiry as to the propriety, effectiveness or timeliness of such termination and without the requirement of any further authorization from Seller, and (ii)?Seller covenants and agrees not to delay, hinder or impede in any manner whatsoever the disbursement of the Earnest Money as set forth in this paragraph." #commercialrealestate #contract #law #manufacturedhousing #mobilehomeparks

MYTH: People live in manufactured housing communities because they can't afford anything else. FACT: Our residents would *rather* own a manufactured home than rent an apartment, because our residents own their own homes, have their own driveways and backyards, and don't share walls with neighbors. Please stop patronizing our residents. Three Pillar Communities #manufacturedhousing #mobilehomeparks

Brokers, here's how you win the listing to sell one of my properties. 1. Fly out to see the asset within a week of the listing agreement being signed. How can you pitch the deal if you haven't seen it? 2. Interview our property manager so you get smart about the property *before* you show me a first draft of the offering memorandum. 3. Expect multiple iterations on the offering memorandum before it goes live. This will annoy you, because you are a broker. You like doing sales, not editing documents. But we only get one chance to make a first impression. 4. Agree that you'll send me weekly updates about buyer activity (naming names). The buyer list is not your secret sauce. I need this info to make informed decisions as a seller. 5. Remove nonsensical terms from the listing agreement. If the buyer fails to close, you don't get to keep a portion of the earnest money. You brought that buyer who failed to close! 6. On most listings the brokerage's brand name is irrelevant. Other times it matters. Marcus & Millichap CBRE Colliers JLL Newmark Northmarq Sands Investment Group MHP Brokerage Park Brokerage & Commercial Real Estate BWE Investment Sales Berkadia Capstone Investment Advisors Matthews Real Estate Investment Services? OtherStreet and Cooper, Cardinal & Co and HARRI5! 7. And more important than any of the above....bring me off-market deals on the buy side ?? What did I miss? Three Pillar Communities Mike Skoczylas Yoel Kelman Madison Rodne Morgan Quinonez Yonah Weiss Andrew Keel Keith Wasserman Josh Weissenstein ??StripMallGuy Dennis Cisterna Sam Hales Matthew Davies Brian Langenmayr Andrew S. #realestate #commercialrealestate #cre #brokers #brokerage #manufacturedhousing #mobilehomeparks

#Realestatelife: Just closed on a new property, and got sued on the same day ?? The closing is a sweet 88 lot #manufacturedhousingcommunity in Greenville, SC. 100% occupied. We're excited to own it and improve it. The lawsuit is an alleged slip-and-fall incident at one of our parks in Oregon. These things happen, even to proactive landlords. It's part of owning real estate. Owning #mobilehomeparks can be many things but at least it's never boring.