Ep #100: The Importance of a Pre-Purchase Environmental Assessment -- with Michael Renz

The Mobile Home Park Investing Podcast - Real Estate Investing Niche

Kevin Bupp

Passiveincome, Business, Mobilehomepark, Cashflow, Syndication, Investing, Realestate, Mobilehomeparkinvesting, Kevinbupp, Realestateinvesting

5 • 1.1K Ratings

🗓️ 6 November 2018

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of the Mobile Home Park Investing Podcast, Kevin shares the mic with Michael Renz; An Environmental Geologist and Founder of Renz & Associates, INC.

Michael’s Renz’s boutique firm specializes in the conduction of environmental studies for sites potentially impacted by pollution by hazardous materials, and providing remediation for any potential problems. Examples include cleanup from oil spills, leaking underground storage tanks, ruptured pipelines, dumpsites and the like.

Every investor needs to understand the importance of conducting an environmental survey on their property before a purchase, as it can carry a potentially huge liability. Enjoy this episode as Michael covers what to look for, and various stories from working in the field.

HIGHLIGHTS:

[6:23] Michael’s Background
[15:55] What’s the strangest discovery Michael has made during an examination?
[24:48] What is the average turnaround time and cost of a Phase I environmental study?
[29:08] When is a Phase II environmental study initiated?
[34:08] What kind of questions do buyers need to ask a firm for an environmental assessment?

RESOURCES:

View Career Opportunities at Sunrise Capital by visiting Careers.SunriseCapitalInvestors.com
Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here to Grab a copy
Get our Free MHP Due Diligence training Video DD.SunriseCapitalInvestors.com
Visit Renz & Associates’ Website

Transcript

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0:00.0	Welcome to the podcast that will teach you how to successfully invest in and build steady
0:09.8	streams of passive income from the highly lucrative niche of mobile home park investing.
0:15.3	Veteran real estate investors Kevin Bupp and Charles D. Hart from Mobile Home Park Academy
0:20.4	will personally share with you the valuable lessons they've learned along their journey as mobile home park investors
0:25.8	so that you too can learn how to build massive cash flow and huge profits from this extremely lucrative niche.
0:33.6	So without further ado, let's welcome your hosts for today's show,
0:37.8	Kevin Bupp and Charles D. Hart.
0:40.6	Welcome guys and gals to the mobile home park investing weekly podcast.
0:44.0	We'll provide all the information that you need to know to successfully locate, negotiate, close
0:48.8	on, and make huge profits from the lucrative nature mobile home park investing.
0:52.1	I'm your host, Kevin Buppin. Today's show we're going to be speaking with environmental consultant
0:55.8	Michael Wrens.
0:56.8	Michael's the founder, president of Wrens and Associates, a small well-equipped environmental
1:01.6	consulting firm which specializes in the assessment
1:04.4	and remediation of sites which have been impacted by petroleum and hazardous materials.
1:09.6	The firm was established as an alternative to large traditional consulting firms where bigger is not
1:14.8	better, it's just more expensive. Years of experience in traditional firms showed Michael and his
1:19.4	team that clients want to deal directly with the experts who are actually doing the work, not corporate managers or sales representatives.
1:26.0	The small staff at Wrens and Associates means clients have direct access to the professionals who are on site and who are personally responsible
1:33.5	for the outcome of each project.
1:35.4	And so with that, guys, today
1:36.9	we're gonna be talking with Michael
	...

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