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 Elevation Capital Group's co-founder, Ryan Smith. Ryan has been in manufactured housing community ownership for over fifteen years and he currently is raising funds for Elevation Capital's 8th fund! Elevation Capital Group focuses on two main types of alternative real estate investments: manufactured housing communities and self storage facilities.In this episode, Andrew and Ryan discuss why Ryan chose to get into mobile home park ownership, they also discuss the perks of investing in the lucrative niche of self storage facilities. Ryan also talks about the importance in vetting your deal sponsors and shares his thoughts on where we are in the current MHP business cycle. Ryan also shares his expertise on mobile home park ownership and his predictions about the future of the industry, COVID-19 and all!Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,500 lots under management. His team currently manages over 20 manufactured housing communities across ten states - AR, GA, IA, IL, IN, MN, NE, OH, PA and TN. 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.Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick five-star review. We have a goal of hitting over 100 five-star reviews by the end of 2021, and it would mean the absolute world to us if you could help contribute to that. Thanks ahead of time for making our day with your five-star review of the show.

Talking Points:00:21 - Welcome to the Passive Mobile Home Park Investing Podcast02:01 - Ryan's background in the industry of manufactured housing05:00 - The most important things passive investors need to look for when investing into the mobile home park asset class07:37 - Tips on vetting a sponsor10:21 - Ryan's thoughts on the current cycle and the current state of the manufactured housing industry15:04 - The impact of COVID and what could happen next year16:11 - Ryan's perfect mobile home park17:26 - The value proposition at Elevation Capital and what makes their funds different20:00 - Traveling out to properties22:20 - The self-storage asset class27:10 - Building and developing mobile home parks and self-storage29:40 - Getting a hold of Ryan30:31 - Conclusion

 

Links & Mentions from This Episode:

Ryan Smith phone: 407-602-7662

Ryan Smith email: [email protected]"Trailer Cash: How To Cash In On the Low-Income Housing Investment Boom" by Jamie Smith: