Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. This is the first episode in a new series on “how” to invest passively in mobile home parks. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks about investing in trailer park real estate investment trusts (REIT’s). REIT’s own and operate everything from hospitals to warehouses and even mobile home parks. They trade, just like stocks but they are required to pay out 90% of their profits as dividends. Check out this episode to find out the reasons why REIT’s maybe a good option for investors looking to retain a high level of liquidity.

Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,300 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 www.AndrewKeel.com.

Would you like to see mobile home park value add projects in progress? If so, follow us on Instagram @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions. Once again, that's @passivemhpinvesting on Instagram. See you there.

 

Talking Points:

●     00:20 - Welcome back to the Passive Mobile Home Park Investing Podcast

●     01:13 - A single investor versus partnering with a larger group of investors

●     02:08 - Mobile home park investing in four different ways

●     02:55 - Investing in trailer park real estate investment trusts (REITs)

●     04:09 - The benefits of REITs

●     04:28 - The three publicly-traded, mobile home park REITs

●     05:00 - Sun Mobile Home Communities

●     05:40 - Equity Lifestyle Properties Inc.

●     06:33 - UMH Properties Inc.

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