Passive Mobile Home Park Investing Interview with Travis Watts, Director of Investor Education at Ashcroft Capital
Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks with Mr. Travis Watts, director of Investor Education at Ashcroft Capital.
Travis Watts is a full-time investor, passive income advocate and public speaker. In his role as Head of Investor Education, Travis dedicates his time to educating hundreds of investors who are looking to be "hands-off" and passive when it comes to real estate investing.
In this episode, Travis talks about what new passive investors (limited partner investors) should look out for when jumping into the Mobile Home Park asset class, what they can do to prepare and educate themselves for the world of passive real estate investing, and how to avoid one of the biggest pitfalls of all: “analysis paralysis.”
Travis loves the mobile home park asset class and believes that it is a great way to provide affordable housing to the masses.
***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 2,500 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
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- Mistakes to avoid, and more!
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Talking Points:
00:21 - Welcome to the Passive Mobile Home Park Investing Podcast
01:20 - Travis’ story and his journey into passive investing and investor education
04:20 - Commit to trying out your first real estate syndication deal
07:30 - Scalability when you are a limited partner
10:36 - Venturing out into different/multiple locations and asset classes like mobile home parks
14:30 - Helping people with affordable housing solutions, mobile home parks investing
16:52 - Looking at the bigger picture, IRR potential and return on investment of your time
20:00 - The importance of doing your due diligence on the operator, general partners, deal sponsor or syndicator
21:59 - Vetting techniques for vetting real estate syndication deal sponsors
24:37 - Ashcroft Capital and getting in contact with Travis Watts
26:00 - Conclusion
Links & Mentions from This Episode:
Ashcroft Capital: https://ashcroftcapital.com/our-team/travis-watts/
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:
“The reality is when you get to seven, eight, nine homes, this starts to become a full-time job (even with property managers) and, see, that's what caught me off guard.” - Travis Watts
“Scale through syndications.” - Travis Watts
“Most people don’t enjoy that landlord life.” - Andrew Keel
“It doesn't really matter where I live because I'm taking advantage of great markets and people who specialize in those particular niches.” - Travis Watts