Interview with Miles Noland from Treeside Capital

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 Miles Noland from Treeside Capital. Miles and Andrew discuss why mobile home parks are one of the best performing asset classes and the stability that mobile home park investments have previously provided during recessions. They also discuss the hurdles operators must overcome with on-site managers managing the mobile home parks and the important role the operations team plays to improve the income and expenses of mobile home park investments.Miles is a principal at Treeside capital and they invest in manufactured housing communities, RV parks, and self-storage facilities. They are based out of Cincinnati, OH and currently own and operate around 1,300 unitsworth around $33 million. Miles is also a former college baseball player and coach.

***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 improvingoverall management and operating efficiencies, all of which significantly boost the asset valueand 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. Thanks ahead of time for making my day with your five-star review of the show.Would you like to see mobile home park CAPEX 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 Podcast01:21 - Miles’ story and how he got into manufactured housing05:44- Miles’ first MHP deal07:23 -The story behind Treeside Capital and their portfolio12:57 - The team at Treeside Capital15:30 - The toughest hurdle for operators in mobile home parks18:00 - The hardest value add component in mobile home park investments20:00- Infill in mobile home parks22:00- The best opportunity or strategy for mobile home park investing25:05- Mistakes to learn from27:47- What LP's need to look out for when investing in MHP's31:05 - Preparations for the future and possible recession32:43 - Getting a hold of Miles Noland33:22 - Conclusion

Links & Mentions from This Episode:

Treeside Capital: https://tr