Welcome back to the Passive Mobile Home Park Investing Podcast. My name is Andrew Keel.

In this episode, I talk about reason #7, which is all about how mobile home parks are a highly fragmented asset class. Of the 44,000 mobile home parks in the United States, it’s estimated that about 90% of these mobile home parks are still owned by mom and pop operators. I’ll talk about what this means for investors and why now is a great time for you to start investing in mobile home parks.

Would you like the pre-investment checklist that I use to review mobile home park deals before I invest in them? We are offering this as a free gift if you go to iTunes and leave a five-star review. To get the pre-investment checklist, leave us a five-star review on iTunes and then send us an email to [email protected]. In the email, please tell us who you are, what screen name you used to leave that review, and we’ll send the pre-investment checklist, directly to your inbox.

 

Talking Points:

00:18 - Hello and Welcome

00:33 - Reason #7 Mobile Home Parks are a Highly Fragmented Asset Class

01:15 - Ripe for consolidation

02:22 - Mom and Pop mobile home park owners

03:27 - Now is the time

03:55 - Pre-investment checklist

 

Resources/Links:

Keel Team, official website

Andrew Keel, official website

Andrew Keel, LinkedIn

Facebook page

Instagram page

Twitter: @MHPinvestors

YouTube channel

 

Quotes:

“This is the only remaining real estate asset class still ripe for consolidation--and it’s coming!” – Andrew Keel

“It is estimated that there are 44,000 mobile home parks in the US. It’s also estimated that about 90% of these mobile home parks are still owned by mom and pop operators.” – Andrew Keel

“Now is the time to jump into the mobile home park asset class due to the majority of owners who are ready to pass on the torch to the next generation.” – Andrew Keel

“93% of multi-family apartments (above 50 units) are owned by operators who have multiple assets. This doesn’t mean that they’re all well run, but it does mean that, in general, these assets are owned by professional operators who are looking to get as much value out of these as possible.” – Andrew Keel

Brought to you by Andrew Keel of Passive Mobile Home Park Investing.