How to vet syndicators as a passive investor

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode of the Passive Mobile Home Park Investing Podcast our host Andrew Keel interviews Brian Spear of Sunrise Capital Investors.

Brian Spear, Co-Founder of Sunrise Capital Investors, manages several mobile home park focused investment funds with his partner and fellow podcaster, Kevin Bupp. At Sunrise Capital, Brian is responsible for investor relations, marketing, and regulatory compliance. He earned a Bachelors of Business Administration in Marketing from the University of Kentucky, where he attended on a baseball scholarship and served as team captain.

In this episode of the Passive Mobile Home Park Investing Podcast, Andrew Keel and Brian Spear explore the resilience of past mobile home park investments, trailer park investment regulatory considerations, and strategies for navigating new manufactured housing community acquisitions with higher interest rates. They also dive into the operational challenges of managing mobile home parks and the pitfalls of entering the mobile home park asset class with uninformed optimism. Brian Spear provides insights into his current trailer park portfolio, the growth of his team and the importance of clarity in business relationships.

Tune in as Brian Spear shares valuable insights from his extensive experience in the mobile home park investing asset class, highlighting the potential pathway to investing in mobile home parks in order to achieve financial freedom.

***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This interview is for informational purposes only and should not be depended upon for investment purposes. ***

Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.

Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews:  https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy, Andrew’s team usually moves on location during the first several months of ownership. Find out more about Andrew’s story at AndrewKeel.com.

Book a 1 on 1 consultation with Andrew Keel to discuss:

• A deal review
• Due diligence questions
• How to raise capital from investors
• Mistakes to avoid, and more!

Click Here: https://intro.co/AndrewKeel

Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, and it would mean the absolute world to me if you could help contribute to that. Thanks ahead of time for making my day with your review of the show.

Would you like to see value-add mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.

Talking Points:

00:21 - Welcome to the Passive Mobile Home Park Investing Podcast

01:23 - The power of taking the initiative

06:25 - Brian Spear’s current mobile home park portfolio

08:00 - The growth of Brian Spear’s team at Sunrise Capital Investors (Mobile home park property management and investing team)

10:13 - The hurdles experienced in the mobile home park operations and property management

13:10 - Pivoting around higher interest rates when investing in mobile home parks

16:20 - Investing in mobile home parks to achieve financial freedom

21:33 - Clarity on both sides of the table helps tremendously

24:30 - Going into the mobile home park business with uninformed optimism

27:16 - Increasing a mobile home park’s value after acquisition

30:00 - Why mobile home parks will likely continue to outperform every other asset class

32:14 - Government regulation and what we can’t control

34:14 - Reaching out to Brian Spear

34:31 - Conclusion

SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ

Links & Mentions from This Episode:

Connect with Sunrise Capital Investors: https://sunrisecapitalinvestors.com/

Keel Team’s official website: https://www.keelteam.com/ 

Andrew Keel’s official website: https://www.andrewkeel.com/  

Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel 

Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast

Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/

Twitter: @MHPinvestors 

Quotes:

“When you don’t have the resources, you have to be resourceful.” - Brian Spear

“Nobody’s going to care [about your business] as much as yourself.” - Brian Spear

“If you want to do it right, you’ve gotta find a way to have systems and processes.” - Brian Spear

“We don’t buy markets, we buy deals.” - Brian Spear