Passive Mobile Home Park Investing

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 Steve Case, Active Mobile Home Park Investor/ Owner and Founding Member of SECO. Steve Case has had an illustrious career within the mobile home park industry and he has been an active investor in mobile home parks for over 24 years. Steve Case is also one of the founding members of the SECO conference for mobile home park operators.  Steve Case’s mentors and educators have been some of the greats within mobile home park asset class, including Lonnie Scruggs (‘Deals on Wheels’ author). Steve has been involved in all areas of the mobile home park industry, including: education (he started MHU and sold it to Frank Rolfe and Dave Reynolds), he also has served on the board of the Georgia Manufactured Housing Association, he formally offered consulting on the construction of the Community Series manufactured home & advised financial institutions on the creation of chattel community owner finance programs from the purchase of manufactured homes.  The SECO Conference, which Steve co-founded, is one of the most popular annual mobile home park investor conferences. This conference in 2023 was located in Atlanta, GA and is for mobile home park owners and operators. SECO is a great place to network, explore, learn, and share ideas about the manufactured housing industry.  Steve Case’s mission is to help educate and inform all involved within the mobile home park investing community. Today Steve Case shares his tips, stories, and advice with us all on this value-packed episode on the Passive mobile home park investing podcast.   ***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 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 five-star 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 five-star review of the show. 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 01:41 - Steve Case’s origin story and journey into Mobile Home Park Investing 05:25 - Steve’s love for educating and the story behind SECO 08:05 - Military traits that transfer over to investing in mobile home parks 09:45 - The difference between a turn-around mobile home park and a turnkey trailer park 14:00 - The difficulties faced in turn around value-add mobile home parks 16:00 - Mixtures of tenant-owned homes and park-owned homes 18:23 - The importance of taking your time to understand the market 24:48 - People, promises, and places 29:02 - Steve’s perfect mobile home park looks like this 31:00 - The need for affordable housing and the evolution of the mobile home park asset class 34:45 - How bad investors mess with the manufactured housing community industry 40:31 - Getting hold of Steve Case and/or SECO conference 42:10 - Aligning yourself with the right group of people 44:40 - Conclusion     Links & Mentions from This Episode:  SECO Conference: https://secoconference.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:  “A lot of folks, they want to get into this industry, but they've got to understand what is the difference between a turnaround park and a turnkey.” - Steve Case “I've done it twice, where I thought I did good due diligence on the market, on the area, but I didn't go deep enough.” - Steve Case “Who are the people [passive investors are] investing with or what person or group of people are they investing with? What's their track record? Can you take a look at a little bit of their personal life?” - Steve Case “Align yourself with the right group of people that do the right things, that care about the tenants, that care about the community.” - Steve Case

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 Larry Abramowitz from Broadview Capital Partners. Although Larry might be newer to the manufactured housing community investing space, by comparison, he is making a name for himself, with his entrepreneurial spirit and love for the asset class. He has acquired 16 mobile home communities in only 3 years. In this episode Larry offers a lot of golden nuggets from his mobile home park investing journey. Larry discusses some of the mistakes he has made, including buying too many mobile homes for infill too fast. Larry also discusses his unique take on what his perfect Mobile Home Park would look like. Larry brings enthusiasm and down-to-earth knowledge for passive investors interested in mobile home park investing. Larry Abramowitz founded Broadview Capital Partners LLC, in 2014, to acquire, remodel and rejuvenate, distressed and abandoned Mobile Home Park communities, as well as multi-family and commercial properties. He has bought and sold over $40M in assets and owns and operates 16 Mobile Home Park communities in the Midwest and Southeast. Larry holds a B.A. in Manufacturing Engineering from Boston University and an MBA, in Finance & Marketing, from the Wharton School at the University of Pennsylvania.   ***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. 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 five-star 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 five-star review of the show. 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 01:44 - Larry’s journey into Mobile Home Park investing 10:30 - Larry’s team, operations, and growth 13:00 - Managing park-owned mobile homes 15:00 - Infill, the toughest value-added component! 18:53 - Larry’s Mobile Home Park investing strategy and how his strategy has changed over the years 20:52 - Buying too many mobile homes too fast 23:47 - Advice for LP’s (passive investors) limited partner investors of mobile home parks 26:05 - Fixing up a neglected Mobile Home Park 30:26 - Affordable housing is a great asset class to invest in 32:19 - Difficulties with zoning, regulations, and the local government 36:00 - Reaching out to Larry 36:49 - Conclusion     Links & Mentions from This Episode: Reach out to Larry: larry@broadviewcap.com Broadview Capital Partners: https://broadviewcap.com/ Broadview Communities: https://broadviewcommunities.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: “There's an execution risk part of Mobile Home Park investing with these value add deals.” - Andrew Keel “I think that's, that's number one is making sure that, you know, at least your money is invested with a person who's going to do the best to take care of it and try to perform well with the capital.” - Larry Abramowitz “That's what we try to do. Working with these cities to understand that we are making things better and providing affordable housing.” - Larry Abramowitz “I think it's a great asset class to be in. I mean, I’m a big believer that this is a long term growth strategy for your wealth.” - Larry Abramowitz

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode, Andrew talks with mobile home park owner and operator Ben Braband from Saddleback Valley Communities. Ben share’s the motivating reasons for his career shift from Los Angeles, California police officer to manufactured housing community investor. Ben shares his mobile home park investing journey to 5,000+ lots and he also talks about the changes he has seen in the manufactured housing space during the course of his 17 years in the business. Ben candidly shares invaluable lessons on deal hunting, mobile home park management during recessions, his park-owned mobile home strategy, and early mobile home park due diligence blunders. Ben’s current portfolio consists of 46 Parks in 9 states. approximately 5,200 lots and 1,150 POH’s. Ben is a past president & current Board Member of the Rocky Mountain Manufactured Housing Association. Prior to entering the Real Estate space, Ben was a Los Angeles Police Officer & a Naval Intelligence Specialist. Ben enjoys traveling, spending time with his family, boating, off-roading, attending rodeos & cheering on the Denver Broncos.   ***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 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 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 five-star 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 five-star review of the show. 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 01:25 - Ben’s real estate origin story and his first mobile home park purchase 05:44 - Understanding the nuances of the manufactured housing industry 07:23 - Mobile home park education in 2006 09:50 - Mobile home parks during the 2008-2010 recession 12:00 - Ben’s current portfolio of mobile home parks 13:29 - Ben’s perfect mobile home park looks like this! 18:45 - Recycling equity $ 21:00 - The shift in capital dynamics: Then vs. now 23:15 - Uncovering opportunities through word-of-mouth networks 28:00 - Ben’s strategy with park-owned homes (POH’s vs. TOH’s) 32:00 - Evolution of Ben's mobile home park investing strategy over the years 37:29 - Secondary and tertiary markets versus primary markets 40:20 - Weak due diligence and making bad assumptions! 47:14 - What does the future in mobile home park investing look like? 48:56 - Getting in contact with Ben Braband 49:18 - Conclusion     Links & Mentions from This Episode: Ben’s email: ben@saddlebackpro.com Saddleback Valley Communities website: https://saddlebackpro.com/ Connect with Ben Braband on LinkedIn: https://www.linkedin.com/in/ben-braband-5661519 Keel Team's official website: https://www.keelteam.com/ Andrew Keel's official website: https://www.andrewkeel.com/ Andrew Keel's LinkedIn: https://www.linkedin.com/in/andrewkeel Andrew Keel's Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast Andrew Keel's Instagram page: https://www.instagram.com/passivemhpinvesting/ Twitter: @MHPinvestors   Quotes: “The big strategy for me is getting a foothold somewhere and planting a flag that's large enough to support the way that we operate and then bolting on around it.” - Ben Braband “I really like clustering and concentration. I don't like the shotgun approach.” - Ben Braband “Winning hearts and minds takes a lot more time than people realize.” - Ben Braband “Avoid the urge to assume that you can do so much better than some sort of industry standard. I think it is a pretty valuable lesson to learn as early as you can in your career.” - Ben Braband

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode, Andrew talks with mobile home park owner and operator, Patrick Hagens from MHP Communities. Patrick has a wealth of knowledge as he began his journey into the manufactured housing space several years ago. Patrick is a big advocate of learning about the manufactured housing space through mobile home park events and the MHU bootcamps with mentors such as Frank Rolfe. Patrick imparts his invaluable knowledge and also emphasizes the importance of vetting your limited partners. Patrick also shares his thoughts on the future of the manufactured housing community space.Patrick Hagens, founder of MHP Communities LLC, is the sole owner and operator of a 6 mobile home park portfolio worth around $25M. Patrick and his fiance built a 25 state database of mobile home park owners, mailed out brochures and cold called to find deals. With their dedication, they have bought a mobile home park every year since 2018. Patrick's properties are 100% owned by him. These investments have enabled them to move to Alaska and hunt and fish all over the world, fulfilling a lifelong dream.   ***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 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 communitiesAndrew 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 five-star 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 five-star review of the show.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 Podcast01:34 - Patrick's background and journey into manufactured housing space05:00 - Patrick's perfect mobile home park looks like this!09:45 - Vacancy rate of mobile home parks in different states11:03 - Operations and the importance of choosing the right market12:30 - The Frank and Dave Mobile Home Park MHU Bootcamp13:53 - Patrick's investing strategy in mobile home parks17:05 - The dangers of being too thrifty18:28 - Finding the right mentors and limited partners20:00 - What does the future in mobile home park investing look like?24:23 - Regulations could be a threat to mobile home park investing29:00 - Park owned homes or Tenant owned homes?30:19 - Getting a hold of Patrick Hagens30:53 - Patrick's final piece of advice for passive mobile home park investors34:29 - ConclusionLinks & Mentions from This Episode: Patrick's LinkedIn Profile: https://www.linkedin.com/in/patrick-hagens-aa519778Keel Team's official website: https://www.keelteam.com/Andrew Keel's official website: https://www.andrewkeel.com/Andrew Keel's LinkedIn: https://www.linkedin.com/in/andrewkeelAndrew Keel's Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcastAndrew Keel's Instagram page: https://www.instagram.com/passivemhpinvesting/Twitter: @MHPinvestors Quotes: "I would say, you know, jump in on your own and buy, you know, a smaller park and learn. I mean, you can do both, you can own a park and invest in other funds." - Patrick Hagens"Don't invest blindly. That never works no matter what you're talking about." - Patrick Hagens"So what could be possible is there… It's just like making that more mainstream and getting the manufacturers on board." - Andrew Keel"People don't realize, which I'm surprised about, manufactured homes are not built with the same building materials that single family homes are built from." - Andrew Keel

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode, Andrew talks with mobile home park owner and operator, Apurva Shah from JAYS Properties. Apurva's background in multiple asset classes has enabled him to have a unique entrepreneurial perspective on the mobile home park space. Apurva shares his journey on self education in the manufactured housing community space. Apurva also shares some of the mistakes he made as well as the important lessons he has learned throughout his mobile home park investing journey. Apurva provides wholesome advice for passive investors (limited partners) and he also shares his thoughts on the future of the manufactured housing community space.Apurva is the Managing Partner at JAYS Properties, LLC his focus is on residential and commercial real estate investments, including value add, office, multifamily and mobile home parks. Apurva has completed over $50MM in real estate transactions and manages an eight figure portfolio.   ***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 39 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 communitiesAndrew 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 five-star review. I have a goal of hitting over 200 total 5-star reviews by the end of 2023, 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 five-star review of the show.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 Podcast01:15 - Apurva's background and journey into the manufactured housing community space04:16 - Apurva's first mobile home park deal in Michigan and his current portfolio05:04 - How do car washes perform as an asset class?06:46 - Research and self-education on different asset classes10:53 - The toughest hurdle to overcome in mobile home park investing13:31 - Apurva's perfect mobile home park looks like this!14:30 - Private sewer systems managed by Apurva and his team17:00 - The importance of due diligence21:00 - Passive investors should vet all of their general partners24:55 - What does the future in mobile home park investing look like?28:45 - The biggest threats to the mobile home park industry33:28 - Getting in contact with Apurva Shah34:04 - Apurva's final piece of advice for passive mobile home park investors35:10 - Conclusion Links & Mentions from This Episode: JAYS Properties: https://www.jaysinvestments.com/Apurva's email: apurva.liberty.solutions@gmail.comKeel Team's official website: https://www.keelteam.com/Andrew Keel's official website: https://www.andrewkeel.com/Andrew Keel's LinkedIn: https://www.linkedin.com/in/andrewkeelAndrew Keel's Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcastAndrew Keel's Instagram page: https://www.instagram.com/passivemhpinvesting/Twitter: @MHPinvestors Quotes:"Those wastewater treatment plants, those things are expensive." - Andrew Keel"I think on our earliest deals, the biggest thing has been due diligence, doing the right due diligence upfront to make sure that you're not getting bit later on." - Apurva Shah"What we tell our regional managers is, once a quarter, you need to go down there, talk with your tenants." - Apurva Shah"When the market's down, real estate is continuing to outperform other asset classes or other investments." - Apurva Shah

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode, Andrew talks with midwest mobile home park owner and operator, Jason Janda. Jason's background in apartment acquisitions and syndications has enabled him to have a unique perspective on the manufactured housing industry. Jason shares some of the mistakes he made as well as the important lessons he has learned throughout his mobile home park investing journey. Jason provides invaluable advice for passive investors (limited partners) and he also shares his thoughts on the future of the manufactured housing industry. Jason discusses his mobile home park investment strategy, which leads to a deep dive on the mobile home park opportunities he is reviewing and potential obstacles that come with investing in the southern United states.Jason Janda, the CEO of Rochester Property Group, is a real estate tax attorney and mobile home park investor/ operator. After working in various legal and business capacities, both in private equity and within law firms, Jason decided to create his own firm to acquire and operate mobile home parks throughout the midwest. Jason currently operates 15 communities in 6 states.   ***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 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 communitiesAndrew 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 five-star review. I have a goal of hitting over 200 total 5-star reviews by the end of 2023, 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 five-star review of the show.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 Podcast01:24 - Jason's journey into manufactured housing communities02:45 - Jason's acquisition experience at an apartment/multifamily syndication group05:38 - Variable rate loans on acquisitions08:28 - The toughest hurdle to overcome in mobile home park investing09:23 - What are the types of mobile home communities that Jason targets?12:40 - Managing in-house and leveraging technology13:41 - How does Jason find his mobile home park deals?14:25 - Where do you think the best mobile home park strategies are?17:37 - Slowly walking up lot rent to market rent20:09 - Mistakes that Jason has made in mobile home park investing21:10 - How did Jason get educated on mobile home park investing22:56 - More mistakes that Jason has made24:46 - Current deals in Jason's mobile home park portfolio25:57 - One-off syndications (mobile home parks)29:27 - The most important things passive investors need to look out for30:42 - Jason's perfect mobile home park looks like this!32:04 - What does the future in mobile home park investing look like?33:58 - The biggest threat to mobile home park investing34:30 - Getting ahold of Jason Janda35:05 - Jason's final piece of advice for passive mobile home park investors35:52 - ConclusionLinks & Mentions from This Episode: Jason Janda's LinkedIn: https://www.linkedin.com/in/jasonjandaMH Communities: https://www.mhcommunities.com/Rochester Property Group: http://www.rochesterpg.com/Keel Team's official website: https://www.keelteam.com/Andrew Keel's official website: https://www.andrewkeel.com/Andrew Keel's LinkedIn: https://www.linkedin.com/in/andrewkeelAndrew Keel's Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcastAndrew Keel's Instagram page: https://www.instagram.com/passivemhpinvesting/Twitter: @MHPinvestors Quotes:"From the passive side, [the hardest part about passive investing] is just getting comfortable with the actual operations." - Jason Janda"We try to leverage technology and whatever platforms we can use as early as possible, just to streamline." - Jason Janda"It's a balancing act, you also don't want to increase [the rent] enough that someone says, 'Oh, you know what? I'm taking my home out of here." - Jason Janda"I'd rather, you know, continue to do what we know very well rather than to start learning something else" - Jason Janda

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode, Andrew talks with veteran mobile home park owner and operator, Julio Jaramillo. Julio shares his thoughts on the future of the manufactured housing industry as well as the responsibility that comes with being a socially aware mobile home park owner. Julio imparts his knowledge surrounding apt leverage and he also discusses how his mobile home park investing strategy has changed over his many years in the business. Julio does a deep dive on how he establishes a successful mobile home park and provides wholesome advice for passive investors. Julio also shares some of the salient lessons he has learned throughout his mobile home park investing journey. Julio's passion for the mobile home park industry is exhibited in his enthusiasm to help others and impart the invaluable knowledge he has gained over the years.Julio is the Founder, President, and Managing Member of Evergreen Communities, LLC, and its affiliates, the owner and operator of more than 4,000 mobile home sites in 12 states. He formed the company in 1999 with a $5,000 investment and has built it into a $325 Million privately-held organization employing 75 Americans. In his off time, he is an avid cyclist and Ironman triathlete.   ***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 communitiesAndrew 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 five-star review. I have a goal of hitting over 200 total 5-star reviews by the end of 2023, 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 five-star review of the show.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 Podcast01:40 - Julio's background in Colombia and the benefits of Ironman05:31 - Julio's inception in the manufactured housing industry10:38 - What were interest rates like at the dawn of your mobile home park journey?14:30 - The appropriate amount of leverage16:00 - What's your model scheme?17:03 - Raising rents and investing money into the mobile home parks18:35 - The Burbank Council and Julio's love for the free market21:18 - How Julio's mobile home park investing strategy has changed over the years23:45 - Mistakes that Julio has made and learned from in mobile home park investing29:10 - The most important things passive investors need to look out for33:15 - Julio's impressive portfolio35:26 - Julio's worst mobile home park deal40:13 - Julio's perfect mobile home park looks like this!43:24 - What does the future in mobile home park investing look like?46:00 - Getting a hold of Julio Jaramillo46:47 - Julio's final piece of advice47:42 - Conclusion Links & Mentions from This Episode: Evergreen Communities: https://www.evergreencommunities.com/ Reach out to Julio Jaramillo via email: julio@evergreencommunities.com Keel Team's official website: https://www.keelteam.com/Andrew Keel's official website: https://www.andrewkeel.com/Andrew Keel's LinkedIn: https://www.linkedin.com/in/andrewkeelAndrew Keel's Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcastAndrew Keel's Instagram page: https://www.instagram.com/passivemhpinvesting/Twitter: @MHPinvestors   Quotes:"That's where I met a lot of my best investors, people that are going to work and put the time into their body and into their mind are going to be the kind of people you want to hang out with." - Julio Jaramillo"People just have to find their passion, whether it's hiking or surfing or whatever. You know, just find something that gives you that balance." - Julio Jaramillo"One of [the mistakes I made] is, you know, not buying in the right market." - Julio Jaramillo"I like seeing the city and knowing what's going on around me. Areas you would never see if you weren't in this business, right?" - Julio Jaramillo

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  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 five-star review. I have a goal of hitting over 200 total 5-star reviews by the end of 2023, 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 five-star review of the show. 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

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode, Andrew talks with mobile home park syndicator and operator Bryce Robertson from Cultiv8 Collective. Andrew and Bryce dive into why the demand for affordable housing in the United States is at an all time high, they also discuss how to change the tenant base in a mobile home park as to improve the property. Bryce discusses his in depth acquisition and refinance strategies that he believes will weather most economic climates. Bryce discusses how his investment strategy has changed since he started in mobile home parks in 2015. Bryce purchased his first mobile home park in 2015 with a net worth of -$50,000, with unseasoned credit and a mere $2,000 in the bank. Once Bryce closed that seemingly impossible deal, he knew that anything was possible and continued to grow his knowledge, experience, and wealth to become financially free within 2.5 years through mobile home park investing.   ***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 2,000 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 . 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 five-star review. I have a goal of hitting over 200 total 5-star reviews by the end of 2023, 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 five-star review of the show. 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 01:31 - Bryce's journey into the Mobile Home Park investing world 06:28 - Living an active life alongside a growing portfolio of mobile home park investments 08:00 - How Bryce has built his team 08:50 - The toughest part of mobile home park investing 10:08 - How Bryce finds deals 15:00 - Bryce's portfolio and his first mobile home parks 17:31 - What the next five years in the mobile home park industry will look like 20:20 - The tenant base of mobile home parks and affordable housing 22:40 - Bryce's investment strategy and how it's changed over the years 26:38 - Mistakes that Bryce has made in mobile home park investing 28:35 - The most important thing passive investors need to look out for 33:15 - Bryce's perfect mobile home park looks like this! 34:18 - Bryce's opinion on rent increases and how much is too much 37:20 - Getting a hold of Bryce Robertson 37:47 - Conclusion   Links & Mentions from This Episode: Invest Cultiv8: https://investcultiv8.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: "I honestly think that the hardest thing-and you would know about this as well-is finding the right deals and getting the right deal upfront." - Bryce Robertson "If you look at the whole societal system, I think we're due for basically a detox and a change in a lot of these systems." - Bryce Robertson "Price inflation is taxation. Also, they could hit us with property tax increases, capital gains tax increases. Who knows?" - Bryce Robertson "I think America's number one real estate problem is the need for affordable housing." - Bryce Robertson

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 Hansel Rodriguez from COARE Communities LLC. Andrew and Hansel discuss why choosing the right team for your property management company is so important. They also discuss why finding the right mobile home park properties to buy can be the toughest hurdle when scaling as a mobile home park general partner, syndicator or operator. They touched on why increasing lot rent in mobile home communities without it being justified can have negative consequences and why the most recent population and migration changes are creating new opportunities within the MHP and land-lease community marketplace. Hansel is the principal of investment strategy and acquisitions at COARE Communities. COARE communities focuses on acquiring manufactured housing communities across the U.S. Hansel began his real-estate career in multi-family and affordable housing development at Taft Development Group, a multi-family developer with 4,500+ multifamily units and 100,000 sq. ft. of commercial developments to date. Hansel also supported the advisory efforts of numerous transactions including Stanley Black & Decker's $1.9 Billion takeover of Newell Tools. In his free time Hansel likes to volunteer on the Friends of St. Judes fundraising committee for St. Jude Children's Research Hospital and serves as a Disaster Response Volunteer for the American Red Cross.   ***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 2,000 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. 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 five-star review. I have a goal of hitting over 200 total 5-star reviews by the end of 2023, 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 five-star review of the show.   Talking Points: 00:21 - Welcome to the Passive Mobile Home Park Investing Podcast 00:51 - Hansel Rodriguez introduction and journey into the mobile home park industry 06:40 - House flipping as a side hustle 08:30 - The toughest hurdle to overcome in mobile home park investing 12:46 - The evolution of Hansel's mobile home park strategy 19:00 - Mistakes we can learn from in MHP investing 20:30 - Hansel's property management style 23:50 - Most important thing passive investors should look out for when investing in mobile home parks 27:03 - Hansel's perfect mobile home park 28:50 - Go-to value add items 34:53 - The future of the Mobile Home Park market 39:37 - One last tip for investors 43:35 - How important is liquidity as an operator 46:10 - Getting a hold of Hansel Rodriguez and COARE Communities 47:00 - Conclusion    Links & Mentions from This Episode: Hansel's email: hansel@coaremhc.com COARE website: https://www.coarecommunities.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: "[The Sunbelt] is so competitive with prices that-if you didn't keep in mind the context-you could have easily gotten a little too excited and overpaid for things." - Hansel Rodriguez "Scaling at a reasonable pace is something that requires more than your full time." - Hansel Rodriguez of COARE MHC "If you walk around midtown in New York and you look, at night, at how many windows don't have a light on, it's terrifying. One out of every two." - Hansel Rodriguez "Management is so much about the people, and the company, and the brand, and the reputation." - Hansel Rodriguez