Passive Mobile Home Park Investing Interview with Jason Postill and Tyler Lekas from MHCI Group
Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode, Andrew talks with Southeast mobile home park syndicators and partners at MHCI Group, Jason Postill and Tyler Lekas. Jason and Tyler share their insights on the benefits of acquiring a portfolio of mobile home parks solely in the state of Arkansas. They also do a deep dive into the challenges they have been faced with concerning utility infrastructure and infill inside of their portfolio of mobile home parks. Jason and Tyler share their valuable lessons learned as well as the knowledge they have gained throughout their mobile home park investing journey.
Jason Postill and Tyler Lekas met in 2019 and formed MHCI Group in 2020, since then they have scaled to over 700 mobile home park lots in the state of Arkansas.
***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 30 manufactured housing communities across more than ten 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
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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- Due diligence questions
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- Mistakes to avoid, and more!
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Would you like to see 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
01:15 - Jason's journey into manufactured housing communities
05:04 - The inception of MHCI Group
06:57 - Strengths in the partnership between Jason and Tyler
08:28 - Tyler's background and journey into the mobile home park investing world
10:00 - Why is Arkansas the focal point?
14:15 - Apartment rents and lot rent in Arkansas
16:21 - The toughest hurdle to overcome in mobile home park investing
17:30 - Jason and Tyler's MHP portfolio and current team
24:18 - Mistakes that Jason and Tyler have made in mobile home park investing
27:45 - Sewer lines are chaotic!
28:30 - The most important thing passive investors need to look out for
35:42 - Jason and Tyler's perfect mobile home park looks like this!
37:50 - Getting a hold of Jason Postill and Tyler Lekas
38:06 - Conclusion
Links & Mentions from This Episode:
MHCI Group: https://www.mhcigroup.com/
Jason's email: jason@mhcigroup.com
Tyler's email: tyler@mhcigroup.com
Keel Team's official website:https://www.keelteam.com/
Andrew Keel's official website:https://www.andrewkeel.com/
AndrewKeel 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:
02:30 - "I heard one of the big leaguers say, 'I didn't make my millions playing baseball. I made it by owning a thousand units in South Detroit." - Jason Postill
10:33 - "Finding partners is not the easiest thing." - Jason Postill
08:05 - "It takes a certain type of personality to deal with contractors on a daily basis." - Tyler Lekas
26:20 - "Look at the price, man. Because price is going to get you out of trouble." - Tyler Lekas