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 long time manufactured housing infill expert and consultant Ken Corbin. Ken has been working with manufactured housing communities, mobile home dealers, and MHP developers for over forty years. During his time in the space he has branched out to work in five different countries and on three different continents. He has been labeled "Professional Speaker of the Year" three times and has a unique high-energy presence during his professional presentations.Today Andrew and Ken Corbin will be talking about his illustrious background, his personal value add infill process, the importance of staging, different value add necessities, and his advice for new operators and passive investors. Ken has a wealth of information and has learned so much over his time in the mobile home park space. Listen in as Andrew picks Ken's brain for details on Ken's manufactured housing infill process.Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,400 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.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 Podcast02:05 - Ken's professional background07:00 - The infill process (one of the more labor intensive parts of the business)17:05 - Costs in the business, and value add necessities25:02 - What new operators should expect for infill rates26:46 - How long should a home sit when it's for sale30:05 - Top pieces of advice for new investors31:58 - Advice for people looking for a syndicate36:05 - Getting a hold of Ken37:39 - ConclusionLinks & Mentions from This Episode:Ken Corbin's Website: https://callkencorbin.com/The Manufactured Home Show: https://callkencorbin.com/manufactured-home-show/Ken's phone number: 888.823.4945
Keel Team's official website: https://www.keelteam.com/Andrew Keel's official website: https://www.andrewkeel.com/Andrew Keel LinkedIn: