Passive Mobile Home Park Investing

Interview with Gabe Petersen of Kaizen Properties


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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 Gabe Petersen of Kaizen Properties. Gabe brings his unique perspective on manufactured housing, being that he has just acquired his second mobile home park. Today he shares his story of how he left corporate America so he could pursue financial freedom through real estate investing (mobile home parks and self storage facilities specifically). Now with two mobile home parks under his belt, he discusses the importance of property management, what he has learned from being a passive investor, and his company Kaizen Properties.

Gabe has had quite the transition in his professional life, he went from pursuing a philosophy degree at the University of Washington to dreams of law school and landing his first job in consulting. He went on to become a project manager and business analyst, then finally fell into wholesaling and flipping real estate in the Pacific Northwest. After that, everything fell into place for him as he settled into mobile home park and self storage facility investing, where he feels he fits best currently. Gabe also hosts the top ranked 'Real Estate Investing Club’ Podcast where he focuses on helping real estate investors take their businesses to the next level.

 

***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 (http://andrewkeel.com/) .

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    Talking Points:

    00:21 - Welcome to the Passive Mobile Home Park Investing Podcast
    01:22 - Gabe’s story and journey into the real estate investing world
    03:40 - Gabe’s mobile home parks and how he puts deals together
    07:20 - Gabe’s plan for his first trailer park
    09:10 - Gabe’s second trailer park in Moses Lake, Washington
    11:33 - Gabe’s management strategy
    12:40 - Toughest hurdle
    14:41 - The most important thing Limited Partners need to look out for
    17:00 - The plan for Gabe’s company
    18:19 - The perfect mobile home park
    21:00 - Andrew’s advice for Gabe
    23:13 - Mistakes Gabe has made
    25:22 - The value proposition at Kaizen Properties and what makes them different
    28:06 - Getting a hold of Gabe and Kaizen Properties
    28:36 - Conclusion

     

     

    Links & Mentions from This Episode:

    Kaizen Properties: https://kaizenpropertiesusa.com/
    Gabe’s Podcast: https://therealestateinvestingclub.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/PassiveMHPin...
    Andrew Keel Instagram page: https://www.instagram.com/passivemhpi...
    Twitter: @MHPinvestors
     

    Quotes:

    “I always start with how we found the parks because I feel that–especially when you're just getting started–one of the most difficult things to do is find a good deal.” - Gabe Petersen

    “One of my favorite things about real estate is talking to sellers because they all have crazy stories.” - Gabe Petersen

    “At our self storage facilities, we're always improving our facilities. When we buy them, we really have high standards for having a quality facility that has all the amenities that you would expect in a grade A facility, even if it's not in an A-class structure. We're looking to do the A-class service, even if it's not a double-story climate-controlled kind of thing.” - Gabe Petersen

    “I think it's really important to understand what makes a good deal and why there's going to be a good return on a property.” - Gabe Petersen

    ...more
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    Passive Mobile Home Park InvestingBy Andrew Keel

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