Interview with Brad Rymer the former CFO of RV Horizons (Ep. 49 Replay)

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. We have some exciting news to share with you! Starting this month, we'll be re-releasing some of our most popular episodes. Our first re-release episode is this one featuring my interview with Brad Rymer, the Former CFO of RV Horizons.

Brad Rymer is currently the Fund Manager, CIO and CFO at Haven Park Ventures, Inc.

There were a lot of golden nuggets in this episode, including: The Most Common Mistakes Found in Mobile Home Park Financials!

Brad Rymer shared the most valuable lessons he learned while he was the CFO of RV Horizons (The Frank Rolfe and Dave Reynolds mobile home park fund) and the lessons he learned about mobile home parks that all operators and investors should know. Brad also discussed his ideal business models for mobile home park investing, what data analytics to watch out for and tips for newbies getting into the manufactured housing community business.

Brad Rymer is currently president and co-founder of Cloverleaf Capital Group, a mobile home park loan brokerage firm, based out of Denver Colorado, that specializes in loans under a million dollars. Before his current role, Brad served as the CFO of RV Horizons, where, in 2018, he also served as the company's Business Intelligence Officer, amongst other responsibilities.

Brad received an MBA from Regis University and a BA in Fine Arts from Wabash College and began his real estate career with Marcus & Millichap in 2000 as a specialist in sales and marketing.

Tune in for a treasure trove of knowledge as Brad Rymer unveils his secrets for successful mobile home park investing!

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!

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Talking Points:

01:20 - Welcome to the Passive Mobile Home Park Investing Podcast

03:15 - Brad Rymer’s journey into manufactured housing communities

06:27 - The most important things passive investors need to look out for when investing in mobile home parks

08:00 - Common mistakes on mobile home park financials that people should look out for

11:00 - The most valuable lessons Brad Rymer learned from his time as CFO at RV Horizons

13:05 - Lessons about mobile home parks which operators and investors should know

16:00 - Which models performed better over Brad’s time as CFO

23:00 - The analytics and data in mobile home parks

27:00 - The hurdles that the manufactured housing community industry faces moving forward

30:40 - What happened in the multi-family sector

32:44 - How a $15 minimum wage would affect the industry

34:55 - Brad’s perfect mobile home park

35:41 - The value proposition at Cloverleaf Capital Group

39:00 - Brad’s last tip for operators and investors

41:30 - Getting a hold of Brad Rymer

42:12 - Conclusion

 

Links & Mentions from This Episode:

Haven Capital Ventures: https://www.havencapitalventures.com/

Cloverleaf, LinkedIn: https://www.linkedin.com/company/cloverleaf-cap ital-group/

Brad’s phone number at Cloverleaf: (303) 525-4850

Brad Rymer LinkedIn page: https://www.linkedin.com/in/bradprymer/

Brad’s email address: brad@cloverleafcapitalgroup.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:

“Because they are passive investors, they're there hoping that their money gets turned into the returns that they've been seeking and beyond.” - Brad Rymer

“We are getting into the era where mobile home communities are no longer one of those ‘children left behind,’ right? One of those ‘soldiers left behind.’ It is now in the forefront.” - Brad Rymer

“I started to understand the mechanics of it and learned the basics, but I didn't know the true science of it until I joined with Dave and Frank.” - Brad Rymer

“What other factors come into play to assess and analyze what a community can be worth, what you're buying it at, and what your strategy is gonna be down the road?” - Brad Rymer