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 to mobile home park owner, operator and lawyer: Ferd Niemann. Today Andrew and Ferd talk about Ferd's journey into the mobile home park industry as well advice he has for passive mobile home park investors interested in investing in America's trailer parks. Andrew also asks about Ferd's techniques, preferences, and input on the topics of raising capital, syndications, park-owned mobile homes versus tenant-owned mobile homes, and what makes him stand out as a mobile home park owner/ operator.In addition to being a mobile home park owner and operator, Fred is also a lawyer, real estate investor, financial analyst and entrepreneur. His experience in real estate includes stabilized mobile home park investments and turnaround investments. He also has retail development and redevelopment experience along with residential investments. Ferd practiced law at a top Kansas City law firm focused on economic development incentives, public finance, property tax assessments, redevelopment, land use, and zoning before he started his own law firm, "The MHP Lawyer."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. I have a goal of hitting over 100 5-star reviews by the end of 2021, 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:00:18 - Welcome to the Passive Mobile Home Park Investing Podcast01:26 - Ferd's background in real estate and his journey into law and business03:42 - Important things passive mobile home investors should look for with syndications07:52 - The hardest parts about the business10:40 - Ferd's team12:00 - Used home versus new homes14:05 - Ferd's perfect park16:08 - Park-owned homes18:03 - Ferd's preference: raising capital or syndications?19:00 - Structure for raising capital21:10 - Investing in your own park deals22:30 - Ferd's favorite win24:31 - Operations and project managers26:14 - Ferd's specialty and what makes him stand out28:07 - Ferd's biggest struggle32:22 - End game goals and exits33:50 - Last minute advice about the mobile home park industry35:04 - How to get a hold of Ferd35:26 - Conclusion

Links & Mentions from This Episode:

Ferd Nie