Passive Mobile Home Park Investing Interview with John Evans of Six Rock Properties
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 mobile home park investor and operator John Evans of Six Rock Properties.
John Evans began his career in the Oil and Gas industry in 2002 and ventured into mobile home park investments back in 2015. He now manages a portfolio of over 600 lots. He currently serves as the Chief Project Officer at Six Rock Properties, a family-owned business founded in 2014. Headquartered in Charlotte, North Carolina, Six Rock Properties owns and operates several manufactured housing communities.
In this episode of the Passive Mobile Home Park Investing Podcast, host Andrew Keel and John Evans discuss the importance of educating oneself on the mobile home park asset class, taking decisive action when investing into off-market trailer park investment opportunities, and the crucial role that utility bill back management plays in the success of value-add mobile home park investments. They also explore the top threats to the manufactured housing community industry, particularly that of redevelopment, and the future of state initiated regulatory changes for the mobile home park asset class.
Join us as John Evans shares his journey from starting in the Oil and Gas industry to becoming a mobile home park investor, the strategies he used to grow his mobile home park portfolio, his “super power" and the insights he gained along the way.
***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.
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Talking Points:
00:21 - Welcome to the Passive Mobile Home Park Investing Podcast
01:21 - John Evans’ career evolution from the oil and gas industry to Mobile Home Park Investing
04:30 - The importance of getting educated in mobile home park investing
09:00 - Get out of your own head
10:00 - John Evans’ strength: relating to the blue-collar community of trailer park owners
14:20 - Avoiding the trap of being overconfident when investing in mobile home parks
15:20 - Utility bill back management can make or break your mobile home park investment
18:45 - Referrals, education, and downtime are so important
21:15 - Effective utility bill back management can potentially make a perfect mobile home park investment for John Evans
22:30 - Analysis paralysis and bring in the right place at the right time
23:33 - The future of mobile home park investing
26:26 - The Mobile Home Park asset class faces numerous threats, including the risk of redevelopment and government regulation
30:36 - Reaching out to John Evans
31:10 - Educate, educate, educate (in the Mobile Home Park Investing Industry)
31:51 - Conclusion
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Links & Mentions from This Episode:
John Evans’ email: jevens@6rockprop.com
John Evans’ phone: 985-318-4498
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:
“It was all learn as you go.” - John Evans
“[The toughest part of mobile home park investing] is just getting out of your head if you’re afraid of failure. Sometimes you don’t want to, you’ve never done something like this before and you’re afraid to fail so just kinda go for it.” - John Evans
“You can never build too much rapport.” - Andrew Keel
“Don’t get too confident once you get traction.” - John Evans on mobile home park investing