Sunday, April 11, 2021

Modular is the Key to The World's First Triple Net-Zero Development

Meet the world’s first triple net-zero development – the Seventy-Six complex! Triple net zero means the highest standards of reaching net-zero waste in three categories – Energy, Water, and Waste.

Seventy-Six is designed by Garrison Architects and it consists of three mixed-use buildings. Building A is a seven-story structure of spanning over 40,320 square feet, Building B, is a nine-story structure spanning over 136,080 square feet, and Building C is also a seven-story structure that spans 40,320 square feet. The buildings all include a studio, one, two, and three-bedroom apartments, as well as commercial spaces that can support the residents like a salon, daycare, urban farming zones etc.

The complex will be built using steel framing with a modular construction system that will include factory-built braced steel-framed units. “The mechanical, electrical, plumbing (MEP) scope will be coordinated with the modular system, and the systems coordinated with an energy consultant to meet the requirements of Passive House, Triple Net Zero Energy, Sustainability, and the NYSERDA Building of Excellence Program,” explains the team.

CLICK HERE to read the entire Yanko Design article


Gary Fleisher is the Managing Director and contributor to the Modcoach Network and its affiliated blogs. 

Email at modcoach@gmail.com

Saturday, April 10, 2021

California Cities Want to Build 100,000 Affordable Housing Units

If there was ever a state NOT to throw $16 Billion in housing money at, it's California. But that's exactly what 16 of the largest California cities want the state to give them.

Let's do the math. $16,000,000,000 divided by 100,000 new homes equals $160,000 per home. California hasn't seen a $160,000 home since the 1980s. Add in rapidly escalating building material costs, land infrastructure costs and all those bureaucrats wanting a share of the funds and if this isn't a recipe for disaster, nothing is.

Here is the headline from a recent Newsweek article. Read the article and let me know if you would give 16 California cities $16B to spend on this.

California's Big Cities Ask State for $16 Billion to Build 100,000 Homes for Homeless

A coalition of mayors from California's 13 most populated cities are urging the state legislature to approve $16 billion in funding to build over 100,000 homes for the unhoused.

The group of mayors, known as the Big City Mayors, sent a letter appealing for the funds to the leaders of the legislature on Thursday. The letter was addressed to state Senate President Pro Tempore Toni Atkins, state Assembly Speaker Anthony Rendon and the chairs of the Senate and Assembly's respective budget committees, state Sen. Nancy Skinner and state Assemblymember Phil Ting.

"While our economic challenges make it difficult to identify an ongoing revenue source, the large amount of one-time funding presents a generational opportunity to make a dramatic move to address our homelessness crisis," the mayors wrote. "That can be accomplished by setting aside a one-time allocation of $16 billion for a steady expenditure of $4 billion per year over the next four years."

"A four-year allocation of $16 billion that we've outlined could create more than 100,000 homes—or enough to house nearly every Californian who entered a homeless shelter in 2020," they continued. "Such a bold commitment would have a transformative and lasting impact on our state, and make California a national model of compassion."

CLICK HERE to read the entire Newsweek article


Gary Fleisher is the Managing Director and contributor to the Modcoach Network and its affiliated blogs. 

Email at modcoach@gmail.com

Thursday, April 8, 2021

Is Britain's L&G Modular About to Turn the Corner to Profitability?

Just about everything you've heard about insurance giant Legal & General's venture into modular home manufacturing has been about the huge losses its produced. Perhaps the latest news coming from L&G Modular means that things are about to change for the better.


L&G Modular, set up by L&G Insurance in 2016 to produce 3,500 factory-built homes a year, fell to a pre-tax loss of $135.3M for the 2019 calendar year, without reporting any revenue.

However the company's CEO, Rosie Toogood, recently announced 750 homes to several developments over the next 18 months. This will require them to double their workforce to 700.

L&G modular homes factory CEO Rosie Toogood, left, with former housing minister Esther McVey

Toogood said the firm was in discussions over a 2,000-home pipeline of work and recommitted the business to its previous target of delivering 3,000 homes a year by 2024.

Describing the market as “really buoyant”, she added: “We’re now really starting to build momentum and seeing multiple schemes coming to fruition at the same time.

If they can maintain this momentum, L&G Modular has a real shot of not only improving their own company's bottom but reinforce the MMC battle cry putting the spotlight on every off-site factory in the UK.


Gary Fleisher is the Managing Director and contributor to the Modcoach Network and its affiliated blogs. 

Email at modcoach@gmail.com

Tuesday, April 6, 2021

Built to Extreme Tiny Home Specs But Still Affordable

This "tiny house" from Australia is one of the most beautiful I've seen in quite some time. And being built to what has to be one of the toughest building codes, you have to ask how did they also make it affordable?

The reason it has to be built to Australia's "Bushfire Attack Level 29" code is it's required for its target market. I can't imagine a tougher building code anywhere else in the world.

Every MillBuilt home is built with: 
• Aluminium windows and doors
• 5-6mm toughened glass to exterior panes of all windows and doors
• Aluminium flyscreens on all windows and sliding doors
• Fire resistant timber on all external timber surfaces
• Non-combustible steel cladding
• Subfloors sealed with steel sheeting
• Vents and weep holes sealed with steel mesh.
• Foil-backed, non-combustible blanket to fill in any gaps below roofing.

Builders Daniel and Jamie Pobjoy, owners of Mill Built homes, bought a plot of land northeast of Melbourne, Australia for $129,000 (US) and quickly set about constructing a tiny home to set on it at their 10,000 sq ft factory, an old timber mill in Toolangi National Forest.



The house and property are currently for sale for $390,000 (US)

With the bulk of the building work completed in their factory, all that was left to do after the house was hoisted onto the site by a crane was to join the pieces and connect the electricity and plumbing.

The bottom line: If I were ever to move to Australia's Outback, these would be the first guys I would call to build my home. It looks like it could withstand any natural disaster.

CLICK HERE to read the entire Daily Mail article


Gary Fleisher, Managing Director and contributor of Modcoach Network and its blogs.

Contact me at modcoach@gmail.com


Sunday, April 4, 2021

A Entire New Florida Tiny Town Using Off-Site Construction

Port Charlotte, Florida will soon be home to the area’s first tiny town. Simple Life Ventures plans to build up to 280 tiny homes on 68 acres off Burnt Store Road. The tiny homes range in size from 499 to 1,100 square feet, on lots that span 2,000 to 3,000 square feet. Prices range from $129,000 to $199,000 plus rent for the land, utilities, and taxes that ranges from $675 to $775 per month.

Reflections will be the company’s fourth community. They have two in North Carolina and one in Central Florida. Construction is expected to begin this fall, sales will begin at the end of the year and the first residents should be moving in next year.

“When we developed the whole concept, the idea was to provide for aging but active baby boomers, but at a low cost,” said Mike McCann, CEO, Owner and Founder of Simple Life Ventures. “We started playing with the concept in 2015. We knew there was a need. We bought a blighted mobile home park in Ashville, North Carolina, and that was the first one.”

McCann said Port Charlotte is the perfect place for his newest tiny home community.

“Our market studies led us to where they were,” McCann continued. “There is so much lifestyle already there so we don’t want to pioneer a lifestyle and a concept and that area is a really good fit for our concept. It was all about lowering the cost of housing for the swell of people that were retiring to Florida.”

CLICK HERE to read the entire News-Press article


Gary Fleisher, Managing Director and contributor of the Modcoach Network and its blogs.

Contact me at modcoach@gmail.com

Thursday, April 1, 2021

RWC Celebrates Their 40th Anniversary

40 years of offering new home warranties is a long time. But even after all those years, some builders are still asking "Why Does a New Home Warranty Matter?"

Wondering “WHAT IF...” about the things you can’t see, like the rafters, beams, or mechanical systems? With a new home warranty, you’ll have peace of mind knowing your home is protected long after the sale.

A new home purchase is one of the most exciting and biggest investments a person will make. As a savvy homebuyer, you’ll want assurance your new home will stand the test of time. 

But is a third-party expressed written warranty really necessary? The simple answer is yes! A new home warranty can be a lifesaver if an unforeseen problem occurs. Without warranty coverage, a Major Structural Defect can siphon your emergency fund, devour your time and energy, and conceivably end up in litigation. In addition to coverage for Major Structural Defects, warranty programs may include workmanship and materials coverages for a specified period of time.

For Info about RWC, Contact Tifanee McCall at  Tifanee.mccall@rwcwarranty.com
 

If a builder chooses to include a written and insured warranty on your home, you can breathe a sigh of relief knowing there is a safety net in place should a warranted defect arise. This is your assurance that your home was built by a qualified professional and your home will be protected.

BUILDERS MUST MEASURE UP

Every builder who offers a warranty should first meet stringent criteria by the warranty company. Potential builders may be examined (and reviewed yearly) for financial stability, customer satisfaction, and technical competence; plus they must comply with specific construction standards in order to warrant their homes.  This ensures that not just any fly-by-night builder will hold your future in his hands. Builders should be able to provide you with written material on the warranty they include on the homes they build. 

PROTECTION

Builders pride themselves with quality craftsmanship and skill, but from time to time construction defects do happen in spite of the builder’s best efforts. The average cost to repair a major structural failure exceeds $30,000. These types of defects usually are not covered by a homeowner’s insurance policy. Having a written and insured warranty in place on your home means that covered defects in warranted structural components will be repaired by the Insurer rather than you, personally.

SECURITY

Even excellent builders can fall short financially for reasons beyond their control. In the event that a builder would go out of business or file for bankruptcy, a warranty backed by a reputable insurer, will step in to cover the builder’s obligations. Regardless of what the future may hold for your builder, the warranty marches on. 

Speaking of stability, what about the Insurer’s strength and dependability? Be sure warranties are insured by a company that specializes and writes warranties and insurance for builders only. That means you don’t have to worry about the insurer going out of business because of catastrophic losses such as hurricanes, etc. 

EXPERT SECOND OPINION

Despite the written warranty, sometimes builders and homeowners don’t always see eye-to-eye. If an impasse should emerge between you and your builder regarding whether or not something should be considered a defect, the limited warranty document can be a valuable ‘measuring stick’ for evaluating the issues. The homeowner, builder and warranty company all have clearly defined responsibilities which are outlined in the book provided for your home. A third-party warranty is an excellent unbiased tool to reference in customer service discussions. In fact, a dispute resolution process should include free mediation between the builder and homeowner. (If needed, formal binding arbitration.)

RESALE VALUE

Decided to move? No problem. If you sell your home within the duration of the warranty period, the balance of the warranty should automatically transfer to the next homeowner. This is an excellent sales tool while your home is on the market. It gives your home the upper hand over other homes for sale in your neighborhood.

*Review specific warranty provided by your builder for exact terms of your coverage.

About Residential Warranty Company

Residential Warranty Company, LLC is one of the nation’s oldest and largest providers of written insured new home warranties, providing homeowners with a strong foundation of security for their home. Understanding that just one warranty rarely meets everyone’s needs, RWC has created a “menu” of home warranties & services through a network of affiliated companies. The result is comprehensive coverage and effective risk management for the greatest long term stability. Builder warranties issued by RWC are insured by Western Pacific Mutual Insurance Company, A Risk Retention Group (WPMIC). WPMIC is rated “A- (Excellent)” by A.M. Best and has $112 million in surplus equity as of Dec. 31, 2019. RWC’s goal is to provide a level of security to homeowners and Builders alike and has devoted three decades to that purpose across the country. Being able to provide a variety of services to our customers is the result of much hard work and due diligence along the way. Over the years, RWC has expanded and now offers an ever-increasing array of products and services to both homeowners and the home building industry. RWC has established itself as a rock solid leader in providing new home warranty protection. The appeal of our program is that when you become part of one of the companies in the RWC “Family”, you benefit from 40 years of leadership and experience that is unrivaled in the home warranty industry.

Tuesday, March 30, 2021

New Website Promotes Modular and Off-Site Construction

14 years ago I started blogging about the modular housing industry. Today that has grown to encompass several entities all related to the Off-Site Construction industry.

Now I'm introducing a website that will serve as a central location for anyone looking for news about the modular and off-site construction industries, a place for companies to find consultants and much more.

The site will continue to grow as more services and sponsors are added. 

I want to thank everyone that has been along on the ride with me so far and hope we continue our journey into Off-Site Construction's future!

Take a minute and CLICK HERE to visit the Modcoach Network and be sure to bookmark it.

Gary Fleisher, Managing Director and contributor of the Modcoach Network and its blogs.

Contact me at modcoach@gmail.com

Monday, March 29, 2021

Have Your Prepared Your Children to Take Over Your Construction Business?

It just seemed like a couple of years ago you were helping them with their homework or watching them play soccer. In your wildest dreams, you never thought your business might survive you and get taken over by someone else.


Wouldn’t it get great if that ‘someone’ was one of your children? 

Seeing that happen successfully doesn’t happen by accident. There is a lot involved in teaching one or more of your children to take over the reins and successfully move forward. Experts say that it's never too early to introduce your daughters and sons to the family business.

The fact is, only one-third of family-owned businesses actually survive to the second generation. The same odds hold true for the subsequent generation, meaning that by the time these businesses get handed down to the grandkids, only about 10 percent are left standing.

Though it may be tough, it's not impossible to be part of that successful 10 percent when the next generation is properly trained. This guide will teach you how to put the "success" in "succession."

It starts when they’re young


Exposing them to the business as soon as they realize that Mommy or Daddy are leaving to go to work is a great time to begin. You don’t want them swinging a hammer a the job site but what great fun it would be if once in awhile you took your child with you to visit a home under construction. Tell them this is what you do when you leave home every day. Get them excited to go with you.

Not every kid is going to be enthusiastic about working for the family. Respect that. If in their formative years they don’t catch the modular home fever, respect your kid enough to listen to what they say about it.

This is very important. Don’t let your kids think they have a one-way ticket to success just because they share your last name. If they know they have a family business to go into, they might not pursue other fields because of that excuse.

Sorry, You Can't Start at the Top

If your child(ren) shows a good interest in becoming a modular home builder like their Mom or Dad by joining you in the business, that is just the beginning.

A lot of young folks want to start in the top seat before they're ready. That's setting them up for failure. There's got to be real-time training and exposure to multiple facets of the modular home industry and business in general.

Not only does your kid have to come to terms with taking things slowly, but you also have to come to terms with the fact that you may not be the best person to teach your son or daughter how it's done.

Remember back to when you were 18. You knew everything and you didn’t even have Google. Your child probably has a lot of that ‘I know what to do and I can do it better’ attitude in them that, Surprise!, came from you.

Maybe your son or daughter should attend college before joining the company or maybe they just want to jump right in after graduation. How about a trade school or accounting classes at the local community college. There are a lot of pathways available to them to join and 'maybe' take over the business.

Along the way, you should also make sure your kid gets acquainted with the people you build for. Lead by example and show your kid how you communicate with clients, but don't push your son or daughter into client territory until he or she has a serious knowledge of the business.

When You Have More Than One Child

Succession is really three different things: leadership, operations, ownership and it's especially important that you recognize the differences.

You may have a son who should only be a shareholder, a daughter who would be great behind the scenes running internal operations and another son or daughter who would be the ideal Sales or On-Site person. By employing this strategy, you may be able to give all your kids a stake in the business without forcing them to compete for a single position.

Giving your successors equal ownership is a trap that many family businesses fall into. Parents are always trying to equalize, and one of the things we know is equal is not fair.

To determine who ultimately gets to take your position as president or CEO, ask yourself which of your children has demonstrated the best leadership skills? Who has the most defined vision of the company's future? Who has the drive to employ that vision? And who does your staff look up to?

There's no doubt it may be a difficult decision, but eventually, what's best for the business will be best for the family.

Proceed with Caution

It's unlikely you'll get away with hiring your son or daughter (especially in a managerial position) without breeding some resentment among your employees. The only solution to this problem is, be honest about your plans as early as possible.

Foremen, current sales staff, if it’s more than just you and even vendors and subcontractors are subject to not being treated the same as treated them.
If one of your employees has expectations of taking over when you retire, and that may not be consistent with what you and your family want, tell them as far in advance as is reasonable."

This is when appointing a mentor may also be helpful. If an employee introduces your kid to the rest of the staff, it is often less controversial than if you were to introduce the kid yourself. In some cases, you may ask that mentor to take your place for a while, as your son or daughter continues to train and the staff becomes comfortable with his or her capabilities.

Time to Move on

The hardest part of the entire process may be taking that final step in passing the torch. Even if your son or daughter is ready to take over, you need to make sure you're ready to step back. I've seen more mistakes in early retirement than you can imagine.

Ask yourself if you'll be able to accept that things may not always operate exactly as you planned. If so, you have to commit yourself to that mindset as thoroughly as you committed to your business.
From personal experience, I learned this the hard way. Before my father decided to retire and turn over the reins of our chain of stores to me in 1974, he used a unique accounting system I called “two lard cans and a desk.”

Unpaid bills were put in the first lard can marked “Bills”, then the can was dumped on the desk every Sunday evening where they were sorted and checks were written and finally the Paid bills were put in the other lard can after being hand stamped “Paid.”

Within weeks of taking over, I replaced that system with a Burroughs B90 business computer. It broke his heart.

Only years later did I realize that my father actually enjoyed doing it that way as it allowed him to ‘touch’ every invoice and get pleasure stamping them “Paid”
Conclusion

If you have children and thinking about retiring someday and leaving the business to them, you need to start working on that plan today. Younger children, middle school age, are at the best age to begin working with on taking over the operations as you still have time to talk with them about the future and if the family business is part of it. It also tells them that you value them and want them involved.

High School-age children are going to be a little more difficult to work with. You’ve already missed a lot of opportunities to work with them when they were younger. On the plus side, you can have serious sit-downs with them to discuss everything unless they are playing on their XBox or texting on Tik Tok. 

That might not be so bad as that is probably where their business will find its new home buyers.


The Modcoach writes the Modcoach News, Modular Home Coach and Off-Site Construction News blogs. Modcoach Connects matches Consultants with Clients. 

Contact me at modcoach@gmail.com

Sunday, March 28, 2021

Time to Begin Reinventing Off-Site Construction Factories

There are many modular startups and established factories that may soon start going south, not because they are poorly managed or under-funded. They had a business plan and lots of potential business but now the business plan they worked on so hard isn’t meeting the type of business outlined in it. 

When this happens, business leaders face a critical dilemma: They can stay the course and see if their current strategy just needs a little more time, or recognize that a change in direction is necessary for the business's survival.

Many modular factories are finding a changing landscape. The Residential Modular Industry started with the need for more single-family and multifamily housing. Over the past decade, those needs have shifted away from both of those areas and a lot of traditional and almost all the new startup modular factories are going into the project business. This includes multi-story affordable housing complexes, hotels and apartment construction.

This evolution in what modular factories are building today compared to what they used to build was forced on the industry because commercial investors wanted a shortened time frame to completion because of on-site construction’s labor shortage.

Changing horses in midstream meant changes and innovations in how factories did business had to be made. Factories soon found they had new strengths and weaknesses as they changed what they built.

Innovations in production require factories to start listing both their strengths and weaknesses in order to better understand the impact change is having on them. Listing what your factory does well should be easy but listing and admitting to what your factory doesn’t do so well is a lot harder. And there are also the things that keep you awake at night that you just don’t want to admit in public.

Without a full list of both, you will never move successfully in the right direction. Start by having internal conversations with everyone that works with you to produce product including your builders and investors. What they may have wanted when they first talked with you could also be changing.

Recreating and innovating as you uncover changes is a key to success. Being locked into what you’ve always done or what you thought you wanted can lead to stagnation and erosion of business.

A veteran of the industry says that he is not afraid of someone following in his footsteps, he is more concerned about the person t-boning his plans that he never saw coming.

Encourage everyone in your company to look for external threats and opportunities. This is healthy paranoia for a company just starting out and for established companies that thought they owned their market.

To learn who is planning and maybe even executing a process that could challenge your company you need to spend some time reading industry journals, attending conferences and talking to your customers and investors. If someone has an idea they want to sell, you can bet your bottom dollar they are talking to your customers and investors.

Try not to get distracted by the small stuff, and figure out which threats or opportunities are actually worth action.

If and when you’ve pinpointed a threat significant enough to warrant a change in your business, it’s time to sit down with others in your circle and talk strategies. 

If someone were to build a modular factory just down the street from you building the same product as you and sending out their reps to your builders and investors, I’m sure you would react quickly, probably by doing what you’ve always done...give discounts or lower your prices. But there are other strategies you can explore, you just have to look a little harder.

Now imagine that factory was a hundred miles away and you knew nothing about them until they opened their doors and t-boned you by stealing your builders and investors. Now those purposeful strategy meetings you should have had with your staff will become panic meetings.

You must be constantly working to recreate and innovate. The modular industry is changing and being one of the last kids on the block doing it the same way you’ve done it for decades just won’t work today.

Once you and your team have decided on what strategy you are going to implement, you have to generate a company-wide “buy-in”. A best practice when making company-wide changes is to talk to each department head personally and find out what he or she may want to know before putting your final vision into motion.

Generating support throughout the company means you will be stronger and more able to fend off those t-boning competitors.

And finally, remember that the need to evaluate threats and opportunities, and to change your approach, is ongoing. This isn’t 1990 where everything was butterflies and flowers. Today the pace of change within the modular housing industry is more like survival of the fittest with the loser closing their doors simply because they couldn’t figure out how to implement the changes necessary to stay competitive. 

With less recruiting and training for new ‘single-family home builders’ to become modular builders and more investors wanting 40, 60 and even 100 or more modules for a project, the look and feel of modular is being forced to change.

Let’s hope you begin looking at what is changing in our industry and take steps to innovate, generate and reinvent your factory to meet tomorrow's modular needs. 


The Modcoach writes the
Modcoach News, Modular Home Coach and Off-Site Construction News blogs. Modcoach Connects matches Consultants with Clients. 

Contact me at modcoach@gmail.com

Thursday, March 25, 2021

Off-Site Construction Venture Capital vs Angel Investment

The off-site housing industry is red hot today and many new startups and wannabe factory owners are looking to get on board, many with projects, designs and innovative new ways to construct buildings.



Unless these ‘new to off-site construction’ people have a background in this industry, finding enough money to start up their business and making the business last more than two years will be one of the hardest things they will ever do.


There’s even a TV show about getting money called Shark Tank where new entrepreneurs stand in front of the Sharks and pitch their new product or company. Sometimes they succeed, sometimes not. 


You probably will never be on Shark Tank but trust me, sitting at a conference table with a Venture Capitalist (VC) or an Angel Investor will be one of those experiences you will remember for a long time. 


And in most cases, it won’t be a pleasant one.


There are differences between the VC and the Angel you need to be aware of before you even begin the process.


Venture capital means big-money investment managed by professional investors spending other people’s money. The money comes from extremely wealthy people, insurance companies, university endowments, big corporations, etc.


Angel investment is people who are accredited investors as defined by the U.S. Securities and Exchange Commission (SEC), which sets wealth criteria:


they must have a net worth of at least one million US dollars, not including the value of their primary residence or have income at least $200,000 each year for the last two years (or $300,000 together with their spouse if married) and have the expectation to make the same amount this year.


Friends and Family


Before we go any further, there is another type of investor called “Family and Friends.” Please don’t go to them for money unless you’ve exhausted every other scenario and are prepared to lose them as friends after your business goes bust. 


Why would Friends and Family ever think you will be a success if every VC and Angel Investor turned you down?


Venture capital is the hardest to get. If you have to ask whether your startup is a venture capital candidate, then it probably isn’t. Angel investment is not the same as venture capital.


Angel Investors


Finding Angel Investors is not hard. Finding a way to get them to invest in your off-site construction idea is. Even though there aren’t the large sums of money that would interest a Venture Capitalist, they are likely to dive even deeper into you and your background.


When seeking funding, avoid email templates like the plague. Serious investors don’t read executive summaries, or watch a pitch—much less read a business plan—when it looks like it’s being sent in bulk to multiple investors as investors rarely look at business plans coming in unsolicited.


Angel investors each have their unique interests, identities, and personalities. They have preferences about where they invest, at what stage, and what amounts. Most of them have websites, and most of the websites announce their preferences. They don’t want to deal with people who aren’t in their category and don’t know it. They expect you to know that before you talk with them.


Here’s an important suggestion. Look first for introductions by checking with people you know who might know them and any contacts in the off-site factories or companies in which they’ve already invested.


Your chances are way better if you fit their normal profile and you’ve been able to meet one of the partners or get an introduction from somebody they know.


Once you meet an Angel Investor, you need to be able to describe your business in a sentence or two and that sentence has to be intriguing. Forget the 60-second elevator. Angels are very familiar with their unique area of off-site construction and if you can’t grab their interest in two sentences, you will probably not get them interested...ever.


Put together an excellent quick video or one-page pitch, and send that as the follow-on email when you talk with an angel or get an introduction. Expect the real information exchange to happen in email. You don’t open with a Zoom conference. That could be an hour or more wasted time for both you and your potential Angel.


If your summary works, then the next step is a pitch. Yes, there is a “Pitch Deck” or video where you make your case for someone to invest in your off-site project but the real reason for presenting your pitch is for the Angel Investors to meet you and see your passion in person. Angels, like all seasoned investors in the construction industry, are just the investors on Shark Tank. They know how to attack you and your proposal and if you survive the sharks, you are getting closer to actually getting someone to invest in you.


Don’t be the Ringmaster of your circus and then forget to bring in the clowns and lions. Your Pitch is what brings in the audience of investors but your Business Plan is what they want to see.


Don't burn any bridges


You’ve heard the expression “this ain’t my first rodeo.” Well, yours isn’t the first Business Plan they’ve looked at. If they make suggestions or worse, turn you down. Find out why and change your Business Plan to reflect that. Keep updating it. You might end up going back to the ones that turned you down the first time.


In all honesty, the Business Plan you presented to them to get them to invest will probably not look much like the one the Angels and you end up with. Don’t fall in love with the “Pitch” Business Plan.


And finally, the process of actually finding an Angel Investment group and the time after they agree to fund your idea will take way longer than you think. It’s a lot of money and both sides will want it to work. 


To all of you looking to find the funding for your next off-site project, I wish you the best. Just remember, you’re going to kiss a lot of frogs before you find your Angel.



The Modcoach writes the Modcoach News, Modular Home Coach and Off-Site Construction News blogs. Modcoach Connects matches Consultants with Clients. 


Contact me at modcoach@gmail.com

Wednesday, March 24, 2021

Tiny House Manufacturer Solves Transportation Problem

Modular homes that unfold upon reaching the job site are not new but have you heard about the tiny house that can be transported on a standard flatbed and unfolds to form a home twice as big in less than two hours?



Brilliant design takes many forms, from simple to complex, small to large, and minimalistic to extravagant. In the case of Brette Haus tiny homes, exceptional design lands in the small and minimalistic realms while also providing portability, comfort, and sustainability.

While tiny homes and RVs have been growing in popularity for years now, the Haus designs manage to combine both those constructions and provide something new on top. Each building is prefabricated, foldable, and delivered in a compact shipping container via truck. Once on site, the homes are unfolded and set up by two people in less than three hours – and that includes connecting to water, sewage, and electricity.

The whole package weighs in at around 9,479 pounds. Hinged edges provide the mechanism for folding and unfolding the homes, which can be repeated up to 100 times. This makes them an especially convenient option for people and businesses who need temporary space and move around a lot: simply pack up and move the entire dwelling. The homes can be placed just about anywhere from a city lot to a vacant hillside. They don’t even need a foundation, and off-grid options are also available.

They ship worldwide including the US.

CLICK HERE to read the entire Yahoo News article.


The Modcoach writes the Modcoach News, Modular Home Coach and Off-Site Construction News blogs. Modcoach Connects matches Consultants with Clients. 

Contact me at modcoach@gmail.com

Tuesday, March 23, 2021

DC Rewrites the ADU and Backyard Cottage Handbook

The District of Columbia (DC), like every other city in the US, is facing an affordable housing crisis. But they are taking a proactive approach to help people build their own ADU or Backyard Cottage.


A growing trend in the US is to create backyard cottages and basement apartments to provide additional income or additional living space for family members. In 2016, DC changed its zoning regulations, allowing single-family homeowners to build an Accessory Dwelling Unit (ADU) on their lot as a matter of right. That means homeowners do not need to seek special permission to build an accessory apartment.

However, while enthusiasm may be high for some residents, the task of building a new living unit can seem daunting.

It’s intended to reach low and moderate-income homeowners who could benefit from the wealth-building opportunity of having a rental unit on their property, as well as professionals, like architects and contractors. At the same time, they hope to create affordable rental units to benefit low-income households.

Before beginning the design process of an accessory apartment, each homeowner will have to ask a series of questions that will help them to design a space that best suits their goals and needs. Below are questions and considerations for a homeowner to keep in mind:

Why do you want to build an accessory apartment?

  • Where will the ADU be located?
  • What are the zoning restrictions of the ADU?
  • Who is the ADU for?
  • How much will it cost?

CLICK HERE to read the entire Greater Washington article.


The Modcoach writes the Modcoach News, Modular Home Coach and Off-Site Construction News blogs. Modcoach Connects matches Consultants with Clients. 


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