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 experienced mobile home park owner/ operator Elias Weiner from the BoaVida Group. Today Andrew and Elias converse about how the mobile home park business has changed, interest rates and cap rates when refinancing, different value-add initiatives and the upcoming tiny homes movement. Elias is the founder and President at The BoaVida Group. The BoaVida Group is a mobile home park and RV park real estate investment company that owns and operates over 165 properties with more than 20,000 home spaces. Elias is the 10th largest owner and operator of manufactured housing communities in the country.   ***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. 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   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 02:38 - Elias Weiner's story 10:05 - Raising money: syndications versus investment funds (in mobile home park investing)14:10 - The toughest hurdle for MHP operators18:20 - Management of mobile home parks19:58 - How Elias' mobile home park investment strategy has changed over the years22:24 - Utilities in mobile home parks25:33 - Value add components inside manufactured housing communities27:30 - The best investment opportunity right now (MHP related)31:14 - Projections for rent growth32:40 - Interest rates and cap rates (Are MHP's recession resistant?)36:13 - The most important things that passive investors need to look for before they invest into mobile home parks39:10 - Tiny homes movement40:27 - Getting a hold of Elias Weiner41:55 - Conclusion     Links & Mentions from This Episode: BonaVida Group: https://www.theboavidagroup.com/ Elias email: eli@theboavidagroup.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 more you can get involved in the beginning on [the better], like how the dealership side of the business works” - Elias Weiner “The biggest risk is not doing anything, is just sitting there idle.” - Elias Weiner “I'll typically figure out what I think the true market rent is, and then I'll make sure that I'm there or just past there in year five..” - Elias Weiner  “The beauty of real estate investing is, first of all, multifamily, whether it's apartments or mobile home parks, are one of the most predictable safest types of real estate investing.” - Elias Weiner

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 Edwin Byler from Blue State Capital. Edwin and Andrew discuss getting started in the mobile home park business, the learning curves experienced as a new investor and how to stay well informed on the journey of becoming an active investor within the mobile home park industry. Edwin Byler is a commercial real estate broker and mobile home park investor. Starting at age 19, Edwin began investing in real estate as a means for additional income while still working his W-2 job. He has since built a portfolio of 60 mobile home park lots and just over 25,000 sq. ft of commercial mixed-use space. Edwin continues to invest throughout the state of North Carolina (the blue state). He enjoys using creative financing, including zero money down and building long term relationships to get deals done. Edwin is also a two-time world record holder for deadlifting.   ***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. 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 01:40 - Edwin's story and the story of Blue State Capital 03:30 - Edwin's first mobile home park deal 06:16 - From a 6-unit to a 51-unit 09:43 - The process of closing on a MHP property 15:00 - Utility preference 18:30 - Mistakes to learn from 21:17 - The perfect mobile home park for Edwin 22:00 - The most important things passive investors need to look out for 23:23 - The future for Edwin and Blue State Capital 24:05 - Getting a hold of Blue State Capital 25:00 - The history of Blue State Capital's name 25:20 - Deadlift world record 26:12 - Conclusion   Links & Mentions from This Episode: Edwin Byler, LinkedIn: https://www.linkedin.com/in/edwin-byler-771867170/ Edwin's email: edwin@bluestatecap.com Blue State Capital: https://bluestatecap.com/ Blue State Captial, Instagram: https://www.instagram.com/bluestatecapital/ 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 learned a lot about real estate. After a certain period of time, it's just about taking action on that." - Edwin Byler "One of my biggest mistakes was not checking the titles to homes." - Edwin Byler "There's so much that goes into septics." - Edwin Byler "There's so many variables in parks, whether it's tenant owned homes, park owned homes, city utilities, private utilities, roads..." - Edwin Byler

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 Alex Ramirez of Lucky Communities. Alex and Andrew discuss Alex's strategy when it comes to investing in mobile home parks. They also touch on Alex's experience in the hospitality industry and how he journeyed into mobile home communities. Alex and Andrew also talk about the future of the mobile home park industry given the uncertainties in the economy, the opportunities mobile home park investing presents and they give advice to new investors.With his partner Zach Kupperman, Alex co-founded Lucky Communities.They have a combined 25 years of experience in the housing industry. Alex oversees all company and park operations. He is responsible for property management, tenant management, acquisitions, underwriting, facilities, human resources, and deal origination. Alex previously founded the real estate firm CSM Realty, a real estate development and management firm based in New Orleans, Louisiana specializing in boutique hotel and multi-family assets.   ***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. 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 Podcast02:00-Alex's journey into mobile home park investing09:15-The hospitality business and boutique hotels in 202014:17-Lessons from the hospitality business19:00-Lucky Communities21:47-Property management25:21-The hardest value-add component in mobile home parks: infill26:27-Value-adds in Alex's current acquisitions28:40-The best opportunity or strategy in mobile home park investing right now32:36-Mistakes Alex has made in mobile home park investing34:32-Finding deals35:50-The most important things passive investors need to look out for when investing in mobile home parks37:59-Alex's perfect mobile home park39:00-The future of mobile home park investing41:39-Getting a hold of Alex42:17-Conclusion   Links & Mentions from This Episode: Lucky Communities: https://www.luckycommunities.com/home Alex’s email: alex@luckycommunities.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: “It was a moment where we all came together and said, look, let's figure this out. How are we going to be able to survive?” - Alex Ramirez “The strategy I think right now is being patient. Don't do a deal for the sake of doing a deal. You can lose a lot of money that way.” - Alex Ramirez “I like the mobile home park space. I think there's a lot of potential there.” - Alex Ramirez “The demand for affordable housing isn't going anywhere.” - Alex Ramirez

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 James Cook from Yale Advisors. As a broker in the niche market of manufactured housing communities, James has excelled and is known by sellers for selling top quality assets at extremely low cap rates. James and Andrew discuss how to identify bad mobile home park deals, the hardest value add component in Mobile Home Parks and the trade- off between current interest rates and the exit cap rates that are currently at a record low. Andrew and James also discuss what MHP's looked like during the Great Recession of 2008 - 2011. Yale Advisors handle all aspects from confidential displacements, to running full marketing and the call for offers process. Yale focuses on institutional grade mobile home communities ranging from 50 sites to 1,000+ site portfolios. James' primary focus as a broker at Yale Realty & Capital Advisors is assisting buyers and sellers of quality Manufactured Home Communities and RV Resorts. He has successfully closed on the sale or financing of roughly $1 billion in production and could be considered one of the top brokers in the Mobile Home Park space..   ***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. 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 01:55 - James' journey into mobile home communities and his first listing 04:20 - About Yale Advisors 07:12 - How are buyers able to pay the prices they're able to pay and where that is going into the foreseeable future 10:28 - MHP's in The Great Recession of 2008 - 2011 13:35 - The best opportunity or strategy right now for operators in the MHP space to create a good return on investment for people 15:39 - Aggregating an MHP portfolio 19:11 - The most important things that passive investors need to look out for when investing into mobile home parks 22:04 - James' perfect mobile home park 27:07 - Getting in touch with James 28:07 - Conclusion     Links & Mentions from This Episode: Yale Advisors: https://yaleadvisors.com/ James' email: james@yaleadvisors.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: "You have to pretty much go in with the mindset that everything has a value and I'm willing to buy almost any situation, but it just has to be price-adjusted." - James Cook "I've always said every deal has got some amount of hair. If it's not the property, it's probably the owner, or the financials, or the government." - James Cook "You've got to pick a partner that has the team to execute that business model, and then you want to be investing in people with ethics." - James Cook "I want to win this business. I want to be in the brokerage side for a long time. I'm not in a rush to compete with my clients." - James Cook

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 Brett Bowman and Ryan Hill from Suncrest Capital. Brett, Ryan and Andrew discuss the following in this value packed episode: different tools/ software they use for managing mobile home parks, some lessons they have learned along the way and their preference in regards to tenant-owned homes and park-owned homes. Both Ryan and Brett have full time day jobs in addition to managing their portfolio of mobile home parks, on this episode they share with us how they balance their time and what transferable skills they've obtained from their initial profession. Suncrest Capital is a fast-growing real estate management company with over 600 lots and over $30 million in assets under management. Brett has previously invested in a variety of property types, from multi-family and single-family rentals, industrial lots, to mobile home communities. Ryan has more than thirteen years of experience in real estate and has had over $41 million in sales transactions over his career. He is both a mobile home park owner and an operator. Both Brett and Ryan are chief officers at Suncrest Capital, with Brett being a chief investment officer and Ryan wearing the hat of chief operating officer.   ***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. 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 02:00 - Brett and Ryan's journey 04:00 - Ryan's first mobile home park 05:45 - How their other jobs help them manage mobile home parks 06:45 - Mistakes they have learned from 11:35 - Suncrest's strike zone for mobile home parks 14:00 - Brett and Ryan's thoughts on infill 16:00 - Their six-month order with Legacy Housing 17:50 - Getting educated on mobile home parks 21:00 - Some hard lessons about the industry 24:45 - Tools that Ryan and Brett use 26:26 - Advice for passive investors looking to invest in their first mobile home park deal 29:55 - Their perfect mobile home park 32:16 - Tenant-owned versus park-owned homes 32:52 - The future of the mobile home park industry 35:00 - Getting a hold of Brett and Ryan 00:00 - Conclusion      Links & Mentions from This Episode: PEPs (Performance Equity Partners): http://peplending.com/ Legacy: https://legacypartners.com/ Suncrest: https://www.suncrestcap.com/ Brett: brett@suncrestcap.com Ryan: ryan@suncrestcap.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: "Just becoming adept at creating efficient systems and leveraging the talents of other people to achieve your goal. It's similar in education with teachers and staff in helping students learn the best they can." - Ryan, on how being an elementary school principal has helped him manage operations of mobile home parks "In my mind, the most painful lessons are usually people-related in a sense that hiring the wrong person or having the right person maybe and doing the wrong job, for example.." - Brett "We have a team of VA's. They comb Facebook marketplace and in radius around the markets that we're in, finding used homes." - Ryan "One of the things that we've been implementing in the last few months, we read this book called 'Traction' by Gino Wickman. I highly recommend it if you haven't read it before. It's all about creating systems, really for startups." - Brett

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 John Hall of Newby Management. John and Andrew discuss several items including: overcoming tough hurdles, advice for passive MHP investors and the unique perspectives John has on managing mobile home park communities from his long career in the space. In addition, John Newby and Andrew Keel also discuss the similarities and differences when it comes to the property management of RV parks and mobile home parks. John grew up in the manufacturing housing community industry, as his mother and father managed RV communities throughout their careers. John started at Newby Management in 2012 as a regional manager and has worked his way up to now being the President of Newby Management since 2020. Newby management oversees forty-five higher-end amenity rich properties primarily in the Southeast and Florida.   ***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.   Talking Points: 00:21 - Welcome to the Passive Mobile Home Park Investing Podcast 01:38 - John's journey into the mobile home park management space 03:30 - Park-owned homes and tenant-owned homes 04:00 - John's team and the management systems at Newby Management 05:20 - Tools and software in MHP management 07:17 - RV park management 10:06 - Project management for CapEx tasks and infill for manufactured housing communities 11:27 - Toughest hurdle in mobile home park management 12:52 - Common age of residents in the communities (in Newby's portfolio) 14:45 - Things mobile home park owners overlook when calculating budgets and underwriting 15:43 - Mistakes to learn from (from Newby or other owners) 17:21 - Important things passive investors need to look out for when investing into mobile home parks 19:36 - Tips for selling mobile homes when they arrive on site 22:10 - Top KPI's John uses at Newby 23:15 - John's perfect mobile home park 24:15 - Hiring Newby 25:16 - The future of manufactured housing communities 26:59 - Getting a hold of John and Newby Management 27:17 - Conclusion   Links & Mentions from This Episode: Newby Management: 941-721-0046 Newby Management: https://www.newbymanagement.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 think it's still quite a bit more seasonal in the RV spaces. You get a different tenancy over the summer than you do in the winter." - John Hall "We operate under a philosophy that we serve three different customers. We serve the community owner, we serve the community residents, and then we serve our Newby team members." - John Hall "Yeah, we have very few family communities in our portfolio. The majority are 55 plus." - John Hall "I think the biggest thing that I've seen here recently is people that come from another sector of housing to invest and they don't fully understand this industry and try to treat it like traditional housing or apartments." - John Hall

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 Rudy Curtler from Sawgrass Capital Partners. Andrew and Rudy discuss the ideology of having a win-win situation with tenants, the formation of different partnerships and the end goal being profitable while still sustaining a win-win between your investors and tenants.Rudy began investing in real estate in 2007 as a means to diversify his investments as he had been overweighted in growth stocks. Rudy and his brother in law bought their first mobile home park almost by accident as they continued to get shut out of multifamily investing. Rudy and his team at Sawgrass Capital Partners are taking a unique perspective on the mobile home park industry by exploring 3D printed housing. By vertically integrating the construction of 3D homes, they would be able to fill vacant lots inside of their portfolio of mobile home parks.   ***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 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 http://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 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 - Rudy's background and journey 05:30 - Rudy's first park 07:50 - Rudy's current MHP and real estate portfolio 10:00 - Tenant-owned homes versus park-owned homes in trailer parks 12:00 - Learning about mobile home parks 13:25 - Infrastructure in Rudy's current parks 14:30 - From salons to single-family homes 17:35 - Sawgrass Capital Partners 22:55 - How Rudy and his team handle manufactured housing community operations 24:15 - Mistakes to learn from 27:43 - Important things passive investors need to look for 30:25 - Rudy's perfect mobile home park 31:58 - The future of the mobile home park industry, 3D housing, and tiny homes 37:35 - Getting a hold of Rudy and Sawgrass Capital Partners 38:17 - Conclusion Links & Mentions from This Episode: Sawgrass Capital Partners: https://www.sawgrasscapitalpartners.com/ Rudy Curtler, LinkedIn: https://www.linkedin.com/in/rudycurtler/ 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:"One of the challenges with [Best Buy] is they restructured quite often based on customer demand, changing economics, and whatnot of the consumer electronics industry." - Rudy Curtler"Mistakes we've made have included anywhere from not having a great lease process at the beginning." - Rudy Curtler"A question we never thought to ask was, what's underneath the dirt?" - Rudy Curtler"We actually think it probably dovetails in perfectly and there's probably a tremendous opportunity for 3D printed homes and mobile home parks.." - Rudy Curtler

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 Andy Tallone from CCI Investments. Andy and Andrew discuss several topics related to passive mobile home park investing. Andy talks about what he thinks the perfect Mobile home park looks like, also why he likes tenant-owned homes over park-owned homes and how inflation will impact the real estate industry and mobile home parks specifically. Andy is currently the Vice President of CCI Investments, LLC. He is a licensed California Real Estate Broker and a Broker-Associate with CCI Investments. Andy started in residential real estate at the age of 22 and gained experience in real estate auctions soon thereafter. Andy got his Brokers License in 1991 and opened Sierra Pacific Properties in San Jose, CA doing residential real estate, land deals and real estate development. From there, he moved on to Dutra Realty, who at the time was the largest independent real estate firm in Alameda County. CCI Investments currently manages over 50 Mobile home parks and has turned around over 300 Mobile home parks.   ***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   Talking Points: 00:21 - Welcome to the Passive Mobile Home Park Investing Podcast 01:25 - Andy's background and journey into real estate 03:50 - Andy and Robert's current parks and their clients' parks 05:33 - The toughest hurdle for most MHP operators in the industry 09:23 - Perfect mobile home parks for CCI Investments 14:00 - Park-owned homes over tenant-owned homes 25:55 - Used homes versus new homes 30:48 - Mistakes Andy has learned from 32:16 - Pro forma 35:05 - Tips on finding good contractors 36:44 - Important things that passive investors need to watch out for 40:04 - Andy's perfect mobile home park 48:19 - Inflation and the future of the MHP industry 52:40 - Getting a hold of Andy 53:58 - One last tip for investors 56:03 - Conclusion     Links & Mentions from This Episode: Mobile Home Parks for Sale: https://mobile-home-parks-forsale.com/ Andy Tallone, phone: (925) 323-2134 Andy Tallone, email: andrewtallone@gmail.com "An Insider's Guide to Investing in Mobile Home Parks" by Andy Tallone: https://www.amazon.com/Insiders-Guide-Investing-Mobile-Parks/dp/B09PW4TWTW 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 think, we're the only people, I know of, who you can hire to turn your mobile home park around." - Andy Tallone "You've got to have good systems in place to track the [manager's] activity and to verify, and you have to have the people to do it." - Andy Tallone "Amenities just cost you money." - Andy Tallone "Due diligence is critical, but the bottom line always goes back to management." - Andy Tallone

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 Christopher Nelson of Thrive Communities. Andrew and Christopher discuss Thrive Communities and how Thrive uses certain strategies for growth in the manufactured housing community space. Christopher also shares his journey into real estate and why mobile home parks are a good investment opportunity. Christopher Nelson is the Co-Founder and Principal of Wealthward Capital, a real estate private equity investment firm. Wealthward Capital invests in cash flowing, institutional grade assets - such as mobile home parks, apartment buildings and ATM's. His focus is meeting with operators and finding the next investment opportunity. When not looking for cash flowing investment opportunities, Christopher is spending time with investors educating them on building thriving passive income portfolios.     ***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   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 01:30 - Christopher's story and journey into real estate and mobile home parks 04:08 - Christopher's background in technology 06:28 - Thrive Community Fund and Christopher's current portfolio 10:48 - Park-owned homes versus tenant-owned homes 12:47 - Christopher's first park and where they are now 13:30 - Christopher's process for growth 15:36 - The toughest hurdle in the MHP space 17:24 - Getting educated in the mobile home park industry 20:00 - What should passive investors look out for when investing in the MHP space 23:13 - Christopher's perfect mobile home park 24:30 - The future of mobile home parks 27:50 - The long term plan for the Thrive Community Fund 31:00 - Getting a hold of Christopher Nelson 31:46 - Conclusion     Links & Mentions from This Episode:   Thrive Communy Fund: https://www.thrivecommunity.fund/ 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 love being somebody who is an executive over my portfolio, overseeing it and partnering with the operators and helping them be better, versus being the person who is actually in the park or in the facility doing the work myself." - Christopher Nelson "At the end of the day we really do want to have long term relationships with our tenants. We want to help them thrive in our parks and in their lives in general." - Christopher Nelson "Education, education, education. You have to see it and you have to understand the nuts and the bolts." - Christopher Nelson "What I invest in and what I bring to my team is always different because I'll make investments where I'll try to vet operators and do other things." - Christopher Nelson

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 Lee Meekcoms, from Parkbridge Capital Group. Lee and Andrew discuss many mobile home park related topics including: the future of interest rates, the demand for affordable housing, expense ratios associated with owning Mobile Home Parks, and passive investing tips for Mobile Home Park investors. Andrew and Lee also awards us advice for recessions and the current mobile home park investing climate. Lee initially entered the real estate investing arena in the apartment and self-storage sectors with a private equity firm based in the northwest. He later formed Parkbridge as an affiliate company in the mobile home parks and RV resort investment business. Lee's company was instrumental in the affiliate growing to over 60 communities across 13 states and 28,000 mobile home sites. Lee participated in the first CMBS (conduit) financing in the United States, in the early 1990's resulting in $106 million in financing for his affiliate company.   ***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 2022, 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 01:40 - Lee's start into the manufactured housing business 05:20 - The future of interest rates 07:50 - Advice for recessions 13:00 - The MHP assets Lee wishes he kept 15:20 - The biggest hurdle in the MHP business 18:35 - The expenses on a case by case basis 21:12 - CapEx reserves 28:00 - Realistic timelines for raising rents in a mobile home park 33:16 - Secondary and tertiary markets and mobile home park investing 35:00 - The most important thing passive investors need to look out for when investing in mobile home parks 38:00 - Finding the demand for affordable housing 41:31 - Lee's perfect mobile home park 43:48 - Park-owned homes versus tenant-owned homes 45:40 - Getting ahold of Lee 46:06 - Conclusion    Links & Mentions from This Episode: Lee's email: Lee@parkbridgecapital.com ParkBridge Capital: https://parkbridgecapital.com/ Frank and Dave's MHU: https://www.mobilehomeuniversity.com/index.php 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: "Hindsight is always 20/20 and as an investment group, we always have to make our investors happy." - Lee Meekcoms "You see stuff come out, 'Only 18 percent expenses. Only twenty percent. But it's falling apart. Of course there's no expenses, nobody is managing it. You don't have anything going to maintenance! " - Lee Meekcoms "I think you really have to take care of your tenants." - Lee Meekcoms "[Passive investors] need to be well-informed." - Lee Meekcoms