By Andrew Keel
4.9
235235 ratings
The podcast currently has 162 episodes available.
Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode of the Passive Mobile Home Park Investing Podcast our host Andrew Keel interviews two special guests, Jake Bond and Paras Shah of GSC Investments.
Since launching GSC Investments in 2016, Jake Bond and Paras Shah have built a thriving portfolio of over 40 institutional-quality mobile home parks, including two active ground-up development manufactured housing community projects. Together, they discuss their mobile home park investing journey and share valuable insights for building and maintaining high-quality mobile home communities that attract long-term, loyal residents in some of the nations top markets.
Join Andrew Keel, Jake Bond and Paras Shah as they dive into the strategies that set successful mobile home park investments apart. They cover essential topics like:
Tune in to gain a fresh perspective on the mobile home park investing industry and learn what it takes to succeed in this unique commercial real estate investment sector.
***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 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 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 improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.
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 review. I have a goal of hitting over 500 total 5-star reviews, 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 review of the show.
Would you like to see value-add 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 Podcast with Andrew Keel
01:00 – GSC Investments’ Origin Story: How Jake Bond and Paras Shah Entered Mobile Home Park Investing
03:40 – Getting Started: Tips on Mobile Home Park Education and Setting Buying Criteria
11:10 – Key Factors in Mobile Home Park Design: Considering Density for a Balanced Community
13:00 – Anticipating Market Trends in Specific Mobile Home Park Communities
16:00 – The Hands-On Side of Mobile Home Park Management: Why It’s So Management-Intensive
20:18 – Valuable Lessons from Experience in Passive Mobile Home Park Investing
30:13 – Finding Your First Investment: Why Mobile Home Parks Make Great Starter Assets
32:30 – The Power of Persistence in Mobile Home Park Investing Success
38:15 – Navigating Rent Control: Effects on Mobile Home Park Investments in the Pacific Northwest
42:00 – Building Quality Mobile Home Park Communities: How to Attract Long-Term, Loyal Mobile Home Park Residents
51:00 – Shifting Perspectives: Educating the Public on the Value of Mobile Home Parks
53:00 – Connect with Jake Bond and Paras Shah
53:53 – Wrap-Up and Final Thoughts
SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ
Links & Mentions from This Episode:
Jake bond’s email: [email protected]
Paras Shah’s email: [email protected]
Keel Team’s official website: https://www.keelteam.com/
Andrew Keel’s official website: https://www.andrewkeel.com/
Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel
Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast
Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/
Twitter: @MHPinvestors
Quotes:
“We can’t build (mobile home parks) vertically. We get no density, right? So we have to build horizontally and that requires a lot of acreage.” - Jake Bond
“The hardest part about manufactured housing is maintaining the quality and integrity of the community as well as the (mobile) homes and the (mobile home park) lots and I think that people discount or do not take into account how difficult it truly is to be effective and efficient in bringing new homes to revitalize.” - Jake Bond
“Like brokers, when you’re new to this space, they don’t really take you seriously. You’re obviously, and I mean, especially today, you have a lot more capital chasing deals, a lot of new investors in the space” - Paras Shah
“Some of the best investments are the ones where perception doesn’t meet reality and that’s the case with MH (Mobile Home Parks).” - Paras Shah
“Manufactured housing is the only form of affordable housing that is unsubsidized.” - Paras Shah
Welcome back to another episode of The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel!
In this episode, Andrew Keel dives deeper into his mini-series on some of the key risks in mobile home park investing, highlighting a critical yet often overlooked topic: investing in mobile home parks with small lot sizes and older mobile homes.
Andrew Keel discusses essential factors to consider, including:
Tune in for valuable insights and practical strategies to help you navigate these unique challenges and make smarter, more informed decisions in mobile home park investing.
***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This episode 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 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 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 improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.
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.
Book a 1 on 1 consultation with Andrew Keel to discuss:
Click Here to book the 1 on 1 consultation: https://intro.co/AndrewKeel
Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, 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 review of the show.
Would you like to see value-add 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 - Introduction: Welcome to The Passive Mobile Home Park Investing Podcast!
01:24 - Key Challenges: Exploring the complexities of investing in mobile home parks with smaller lots and older mobile homes.
01:47 - Market Desirability: Understanding why older mobile homes can be more challenging to sell and how this impacts market value.
03:04 - Sourcing Suitable Mobile Homes: Strategies for finding mobile homes that fit smaller lot sizes.
04:05 - Life Expectancy of Mobile Homes: Insights into the typical lifespan and maintenance needs of older mobile homes.
05:54 - Navigating Zoning Restrictions: Important zoning considerations and how they affect mobile home park investments.
08:11 - Key Takeaways for Investors: A recap of essential insights for passive mobile home park investors.
09:35 - Closing Remarks: Wrapping up the episode with final thoughts and next steps.
SUBSCRIBE TO THE PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL HERE: https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ
Links & Mentions from This Episode:
Keel Team’s official website: https://www.keelteam.com/
Andrew Keel’s official website: https://www.andrewkeel.com/
Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel
Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast
Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/
Twitter: @MHPinvestors
Quotes:
“We want that reliable cash flow, with sticky tenants that stay a long time in these (older mobile homes) park models or smaller, 12-foot-wide older mobile homes, is where we are seeing higher turnover.” - Andrew Keel
“If the vacant (mobile home park) lot stays vacant for six months or longer, they might not allow you to bring in a (mobile) home to fill that vacant lot due to this non-conforming zoning use.” - Andrew Keel
“The only people who win in litigation are typically the attorneys via paying them a ton of money” - Andrew Keel
“It's going to be harder to sell [older, smaller mobile] homes when they do go vacant.” - Andrew Keel
Welcome back to another episode of The Passive Mobile Home Park Investing Podcast with your host, Andrew Keel! In this episode, Andrew dives into a crucial aspect of mobile home park investing: utility infrastructures.
Utilities are a key factor that can make or break a mobile home park investment. Whether you’re a new or experienced mobile home park investor, understanding the risks tied to both private and public utility systems is essential for safeguarding your investment.
As part of Andrew’s ongoing series on some of the top risks in mobile home park investing, today’s discussion highlights the differences between private and public utility systems. Private utility systems include things such as well water treatment and septic sewer systems, lagoon sewer systems and wastewater treatment plants. Public water and sewer is always the most preferred setup when buying a mobile home park and Andrew discusses why…
You’ll learn practical tips on how to evaluate these utility systems during the due diligence process to avoid costly mistakes and maximize your returns.
Key Points Covered in This Episode:
By the end of this episode, you'll have a better understanding of the challenges and risks associated with mobile home park utility infrastructure and how to potentially navigate them to make more informed, risk-conscious mobile home park investment decisions.
Don’t miss out on this essential information for protecting and growing your mobile home park investments!
Be sure to subscribe, rate, and leave a review for The Passive Mobile Home Park Investing Podcast to stay updated with more expert insights.
***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 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 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 improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.
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.
Book a 1 on 1 consultation with Andrew Keel to discuss:
Click Here to book the 1 on 1 consultation: https://intro.co/AndrewKeel
Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, 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 review of the show.
Would you like to see value-add 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 Podcast
00:53 - Key Considerations for Utility Due Diligence in Mobile Home Park Investing
03:00 - Deep Dive into Mobile Home Park Private Utilities: Well Systems and Sewer Infrastructure
03:54 - Mitigating Risks with trailer park Utilities: Why You Should Steer Clear of Lagoon Systems and Wastewater Treatment Plants in Mobile Home Park Investing
08:21 - Understanding the Importance of Lift Stations in Both Private and Public Mobile Home Park Utility Setups
12:15 - Utilizing the MHU (Mobile Home University) Reference Library: Your Essential Due Diligence Checklist for Utilities
14:42 - The Impact of Orangeburg Sewer Lines on Utility Decisions in Mobile Home Parks
16:11 - Recap: Key Takeaways on Private vs. Public Utilities in Mobile Home Park Investing
21:03 - Conclusion
SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ
Links & Mentions from This Episode:
Keel Team’s official website: https://www.keelteam.com/
Andrew Keel’s official website: https://www.andrewkeel.com/
Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel
Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast
Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/
Twitter: @MHPinvestors
MHU (Mobile Home University): https://www.mobilehomeuniversity.com/
Quotes:
“Understand what you’re buying and what the (mobile home park) utility infrastructure looks like.” - Andrew Keel
“I’ve been burned and spent so much money on fixing broken water lines because of freezing and thawing them out in the middle of January.” - Andrew Keel
“Don’t buy (mobile home) parks with lagoon systems and stay away from wastewater treatment plant parks..” - Andrew Keel
Welcome back to another episode of The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel!
In today’s episode, Andrew Keel continues his insightful mini-series on some of the top risks involved in mobile home park investing. This episode zeroes in on the risks specific to investing in mobile home parks in tertiary markets—areas with smaller populations that can offer both unique opportunities and significant challenges for trailer park investors.
Andrew Keel breaks down the specific risks associated with mobile home park investing in tertiary markets, ranging from limited infrastructure to economic instability, and offers actionable strategies to potentially mitigate these risks.
Key Points Covered in This Episode Include:
If you're thinking about mobile home park investing in tertiary markets, it’s crucial to understand these risks and how to navigate them effectively.
Whether you're a seasoned mobile home park investor or just starting your passive investing journey, this episode offers valuable insights to help you make informed decisions and manage the complexities of investing in mobile home parks located in tertiary markets.
Tune in now to learn how to evaluate and manage these investment risks, protect your assets, and potentially achieve long-term success in mobile home park investing!
***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 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 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 improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.
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.
Book a 1 on 1 consultation with Andrew Keel to discuss:
Click Here to book the 1 on 1 consultation: https://intro.co/AndrewKeel
Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, 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 review of the show.
Would you like to see value-add 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 – Introduction: Welcome to The Passive Mobile Home Park Investing Podcast
01:50 – Risks of low population density and reduced demand in tertiary mobile home park markets
02:30 – Impact of distance from key amenities in small, tertiary mobile home park markets
03:00 – Challenges and strategies for marketing and selling mobile homes in small towns
04:30 – Longer travel times for mobile home park owners and operators in tertiary markets
05:40 – Difficulty finding service providers and contractors in remote areas
06:30 – Infill costs and the financial risks involved in tertiary market mobile home parks
07:15 – Limited options for utility companies in less populated regions and the impact on mobile home park utilities
08:52 – Public transportation issues in tertiary markets and their impact on mobile home park tenants
SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL: https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ
Links & Mentions from This Episode:
Keel Team’s official website: https://www.keelteam.com/
Andrew Keel’s official website: https://www.andrewkeel.com/
Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel
Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast
Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/
Twitter: @MHPinvestors
Quotes:
“There’s a lot of demand for affordable housing but if you’re in the middle of nowhere and there’s not a lot of employers around, there’s not going to be a lot of demand.” - Andrew Keel
“There’s little to no sufficient public transportation and with affordable housing, our tenant base is most vulnerable. They typically need public transportation to get to their jobs..” - Andrew Keel
“The big risk of buying mobile home parks in tertiary markets is, you should always have the end in mind. Who’s the next buyer?” - Andrew Keel
Welcome back to The Passive Mobile Home Park Investing Podcast with your host, Andrew Keel!
In this episode, Andrew Keel continues this insightful mini-series on some of the top risks involved with mobile home park investments. This time, the focus is on value-add mobile home park projects—particularly those with substantial infill and occupancy needs—and the heightened risks they present for passive investors and limited partners.
Andrew breaks down the key challenges infill-heavy projects pose, offering practical advice on budgeting, avoiding common pitfalls, and understanding critical infrastructure costs.
If you’re looking to invest into value-add infill mobile home parks, this episode is packed with actionable strategies to help you navigate these risks and make smarter decisions.
Key topics covered include:
Whether you're a seasoned mobile home park investor or just starting your journey, Andrew Keel offers valuable insights to help you potentially minimize risk and boost returns.
Tune in now to gain the knowledge you need to enhance your mobile home park investment strategy!
***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 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 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 improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.
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.
Book a 1 on 1 consultation with Andrew Keel to discuss:
Click Here to book the 1 on 1 consultation: https://intro.co/AndrewKeel
Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, 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 review of the show.
Would you like to see value-add 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 Podcast with Andrew Keel
01:16 – Budgeting Tips and Common Mistakes for New Mobile Home Park Investors
05:21 – Managing Concrete Costs and Raising Misc Funds for Unforeseen Expenses
08:36 – Navigating Utility Hookups, Infrastructure Challenges, and Ground Shifting Issues
13:25 – Why Skirting is Crucial for Mobile Homes: Protecting Your Investment
15:29 – New vs. Used Mobile Homes: Pros, Cons, and What’s Best for Infill Projects
19:50 – How to Match Mobile Home Size to Lot Size for Optimal Results in Mobile Home Parks
21:53 – Understanding Execution Risks and Infill Strategy in Value-Add Mobile Home Parks
25:00 – Andrew’s First Mobile Home Park Deal: Insights on Funding, Liquidity, and Loans
27:19 – Partnering with Experienced Mobile Home Park Operators for Success
SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL: https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ
Links & Mentions from This Episode:
Keel Team’s official website: https://www.keelteam.com/
Andrew Keel’s official website: https://www.andrewkeel.com/
Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel
Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast
Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/
Twitter: @MHPinvestors
Quotes:
“It's really, really, really tough to know exactly what it will cost until you're in the (Mobile Home Park) trenches doing it.” - Andrew Keel
“(Mobile Home Park) Utility hookups add more complexity. That's a risk; every municipality, the utility company may have different requirements.” - Andrew Keel
“There is more regulation and more requirements for infilling new manufactured homes than there is typically is with used (Mobile) homes.” - Andrew Keel
“Be careful on these projects as the numbers typically look good on infill value add mobile home park deals on the spreadsheet.” - Andrew Keel
Welcome back to the Passive Mobile Home Park Investing Podcast with your host, Andrew Keel! In this episode, Andrew Keel kicks off a new mini-series on some of the top risks associated with owning a mobile home park.
In this first installment, Andrew Keel dives deep into the critical process of converting park-owned mobile homes (POH) to tenant-owned mobile homes (TOH)—a pivotal strategy for many mobile home park investors.
As a seasoned mobile home park operator, Andrew Keel discusses some of the risks associated with transitioning a mobile home park from POH to TOH, providing a step-by-step guide for investors looking to maximize returns while reducing management headaches. He also shares essential insights that every passive investor should know before embarking on this trailer park conversion process.
While mobile home park investing could potentially offer tremendous cash flow opportunities, success largely depends on understanding and executing the park-owned mobile homes (POH) to tenant-owned mobile homes (TOH) conversions effectively.
Whether you're a first-time investor or seeking to improve your current mobile home park portfolio, this episode is jam packed with actionable advice to help you potentially boost profitability and mitigate risk.
Key Topics Covered:
Tune in now to discover how you can make informed and profitable decisions as a passive investor in mobile home parks!
***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 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 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 improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.
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.
Book a 1 on 1 consultation with Andrew Keel to discuss:
Click Here to book the 1 on 1 consultation: https://intro.co/AndrewKeel
Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, 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 review of the show.
Would you like to see value-add 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:
00:30 – Introduction to the new series on some of the top mobile home park investment risks and challenges.
01:00 – The ins and outs of converting park-owned mobile homes to tenant-owned mobile homes.
04:48 – Rules regarding how many mobile homes you can sell without needing a mobile home park dealer’s license.
06:50 – Handling tenant turnover and rehabilitating mobile home park properties.
10:05 – The concept of “handyman specials” and how they can impact a mobile home park’s profitability.
12:21 – Tips for marketing your mobile home park effectively to attract long-term tenants.
13:26 – Finding, vetting, negotiating, and financing for “sticky” mobile home park tenants who are likely to stay long-term.
19:07 – Conclusion and final takeaways on managing risks in mobile home park investments.
SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ
Links & Mentions from This Episode:
Ryan Narus’ LinkedIn: https://www.linkedin.com/in/ryan-narus-87293417/
Keel Team’s official website: https://www.keelteam.com/
Andrew Keel’s official website: https://www.andrewkeel.com/
Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel
Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast
Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/
Twitter: @MHPinvestors
Quotes:
“[Converting park-owned mobile homes to tenant-owned mobile homes is] not as simple as just, ‘Okay, here we're going to give you the title after we, you know, close on the park.’ There's a lot of dynamics that go into this..” - Andrew Keel
“If you're going to get those (mobile homes) homes back, you've got to make sure that you're providing a good home to the new resident moving in, otherwise, they'll turn over again.” - Andrew Keel
“We’re trying to get sticky tenants. We’re trying to get residents that enjoy the community. They are going to stay there a long time because they’re only paying lot rent.” - Andrew Keel
“That is the gem behind mobile home parks and mobile home park investing is the stickiness of the tenant base once they own their own homes.” - Andrew Keel
Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode of the Passive Mobile Home Park Investing Podcast our host Andrew Keel interviews Mike Nissley, founding member, Vice Chair and National Director of the Manufactured Housing & RV Group at Colliers.
With an estimated $100 billion in manufactured housing community sales, consulting, valuation, and financing under his belt, Mike Nissley brings a wealth of experience, including high-profile assignments for major MH industry players like Parkbridge, Keystone, Carlyle, Sun, RHP, ELS, Inspire, Yes! Communities, and CAPREIT.
Recently, Mike Nissley led the sale of a $200 million, 24-property Canadian manufactured home portfolio, marking the 2nd largest portfolio acquisition in Canada’s manufactured home and RV resort sector. He also successfully closed major deals in Florida, including a $114 million and $86 million mobile home community (MHC) portfolio in 2022 and 2023, respectively.
During the conversation, Andrew Keel and Mike Nissley dive into critical topics such as:
Mike Nissley also shares his personal journey into mobile home park investing, offering actionable insights for both seasoned investors and those just starting out.
If you’re looking to deepen your knowledge of mobile home park investments, this episode is packed with expert tips and strategies to guide your success.
***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 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 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 improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.
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.
Book a 1 on 1 consultation with Andrew Keel to discuss:
Click Here to book the 1 on 1 consultation: https://intro.co/AndrewKeel
Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, 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 review of the show.
Would you like to see value-add 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 Podcast
02:00 - Mike Nissley’s journey into Mobile Home Park Investing
08:06 - Building a Winning Team at Colliers
12:14 - How Institutional Investors View Mobile Home Parks
15:30 - Key Steps to Determine a Mobile Home Parks Value
21:06 - Institutional mobile home park Buyers and Park-Owned Homes (POH’s)
25:35 - Mike Nissley’s Most Challenging Deals and Major Hurdles in Mobile Home Park Investing
29:29 - Essential Due Diligence for Mobile Home Park Investments
32:23 - Why Beginners Should Avoid Park-Owned Homes
33:50 - Strategies for Passive Mobile Home Park Investing
35:50 - The Gold Standard in Mobile Home Park Investing
38:13 - Understanding Rent Control Regulations
42:44 - How to Reach Out to Mike Nissley for Expert Advice
43:27 - The Importance of Partnering with a Good Mobile Home Park Operator
43:51 - Conclusion
SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ
Links & Mentions from This Episode:
Colliers: https://www.colliers.com/en
Colliers Manufactured Housing and RV Group: https://www.colliers.com/en/services/manufactured-housing
Mike’s email: [email protected]
Mike’s phone number: (561) 479-1588
Keel Team’s official website: https://www.keelteam.com/
Andrew Keel’s official website: https://www.andrewkeel.com/
Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel
Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast
Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/
Twitter: @MHPinvestors
Quotes:
“When you're advising a client, having that experience, it's not just a spreadsheet, it's a lot more than that.” - Mike Nissley
“We don't hear much about that, right? The global MH (Mobile Home Park) platform, that there are caravan parks and mobile home trailer parks in other countries.” - Andrew Keel
“Make sure you have a good (mobile home park) operator to partner with.” - Mike Nissley
Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode of the Passive Mobile Home Park Investing Podcast our host Andrew Keel interviews the "king of cost segregation studies," Mr. Yonah Weiss of Madison Specs and Weiss Advice.
As the Business Director at Madison SPECS, Yonah has been instrumental in saving clients hundreds of millions of dollars through strategic tax planning. He’s a highly respected figure in the commercial real estate (CRE) world and host of the popular Weiss Advice podcast.
Together, Andrew Keel and Yonah Weiss explore the powerful impact of cost segregation through mobile home park investments. They dive into the intricacies of cost segregation studies, uncover common pitfalls, and track the evolution of bonus depreciation from 2020 to today. They also look ahead to what the future may hold for these essential tax-saving strategies.
Throughout the episode, you’ll discover how to maximize your returns by effectively leveraging cost segregation and bonus depreciation, understand the best timing for these strategies, and learn when they might NOT be the optimal choice. Additionally, the conversation covers key topics like capital expenditures and the importance of diversification when building a resilient mobile home park investment portfolio.
Don’t miss this chance to gain invaluable insights from Andrew Keel and Yonah Weiss that could transform your mobile home park investment approach.
***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 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize 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. Check out KeelTeam.com to learn more.
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. 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.
Book a 1 on 1 consultation with Andrew Keel to discuss:
Click Here: https://intro.co/AndrewKeel
Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick five-star review. We have a goal of hitting over 500 total 5-star reviews, and it would mean the absolute world to us if you could help contribute to that. Thanks ahead of time for making our day with your five-star review of the show.
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 Podcast
00:40 - Yonah Weiss’ background
04:15 - 2017 Trump tax law
05:30 - What is cost segregation?
08:15 - How mobile home park investors and owners can use cost segregation.
12:45 - When does it NOT make sense to order a cost segregation study?
16:21 - Bonus depreciation in 2024 versus 2020
19:45 - Capital expenditures
21:11 - Allocating goodwill to reduce the amount of property tax on your mobile home park investment
22:57 - Depreciation recapture
25:15 - Scenarios where depreciation recapture could backfire
29:45 - What mobile home park investors should look out for in the future in terms of depreciation and new tax laws
31:00 - Contacting Yonah Weiss
31:16 - The importance of diversifying with mobile home park investments
32:21 - Conclusion
SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ
Links & Mentions from This Episode:
Yona Weiss, LinkedIn: https://www.linkedin.com/in/cost-segregation-yonah-weiss/
“How To Pay Zero Income Taxes (Legally) While Making 6-7 Figures”: https://themobilehomelawyer.com/podcast/ep-22-how-to-pay-zero-income-taxes-legally-while-making-6-7-figures/
Keel Team’s official website: https://www.keelteam.com/
Andrew Keel’s official website: https://www.andrewkeel.com/
Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel
Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast
Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/
Twitter: @MHPinvestors
Quotes:
“It's, you know, think about it like an appraisal, but a very detailed one in using the IRS's, you know, kind of handbook, what's called the conservation audit techniques guide.” - Yonah Weiss
“I'm a huge fan of cost seg. We order one, you know, still on all of our new properties. And It's been great, I mean, the carry forward that we get is huge.” - Andrew Keel
“The bonus depreciation, when it came into law, had a phase-out component to it, which means that in 2023, if you bought a property, it was 80%. For 2024, we buy a property this year. It's a 60% bonus.” - Yonah Weiss
“Goodwill is something that’s very common when you’re talking about business acquisition.” - Yonah Weiss
Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew takes you through 10 common due diligence mistakes that newcomers often make when entering the mobile home park investing space. With his extensive experience, Andrew Keel breaks down each pitfall, offering valuable insights and practical advice on how to avoid them.
Here are the 10 mistakes to watch out for:
Tune in now to discover why thorough due diligence is crucial for making informed decisions, reducing risk, and protecting your mobile home park investments. By dedicating time and resources to this pre-purchase due diligence process, you’ll be more likely to secure a sound and profitable mobile home park investment for the long term.
***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 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 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 improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.
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.
Book a 1 on 1 consultation with Andrew Keel to discuss:
Click Here: https://intro.co/AndrewKeel
Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, 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 review of the show.
Would you like to see value-add 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 Podcast
00:35 - Failing to Obtain a Mobile Home Park Zoning Certificate
03:22 - Overlooking the Property Tax Increase
07:15 - Opting for a Mobile Home Park Boundary Survey Instead of an ALTA Survey
10:55 - Neglecting to Review a Full Year of the Mobile Home Park’s Utility Bills
15:30 - Skipping the Phase One Environmental Inspection
18:45 - Failing to Inspect Behind the Mobile Homes
20:05 - Failing to Inspect Inside Park-Owned Mobile Homes
21:32 - Overlooking Park-Owned Mobile Home Lost Title Costs
23:06 - Neglecting to Discuss Responsibilities with the Power Company Engineer
26:04 - Not Reviewing the Mobile Home Park’s Google Reviews before purchase
28:18 - Conclusion
SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL: https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ
Links & Mentions from This Episode:
Keel Team’s official website: https://www.keelteam.com/
Andrew Keel’s official website: https://www.andrewkeel.com/
Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel
Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast
Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/
Twitter: @MHPinvestors
Quotes:
“Property taxes year after year will likely go up.” - Andrew Keel
“When I would go to refi and use an agency lender, they would require an ALTA survey be done.” - Andrew Keel
“Talk to the tenants. Walk through the parks before you buy the parks and say, ‘Hey, how have the water and sewer utilities been here?’” - Andrew Keel
“You want to know what you're getting into, and it's really hard to see if you don't get out of your car and walk behind the mobile homes.” - Andrew Keel
Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode of the Passive Mobile Home Park Investing Podcast our host Andrew Keel interviews John Lindley, President of the Michigan Manufactured Housing Association.
Since taking the helm as President and CEO of the 80-year-old Michigan Manufactured Housing, RV, and Campground Association in October 2021, John Lindley has become a leading advocate for the future of the manufactured housing industry. Before assuming his current role, John gained extensive experience as a lobbyist with Public Affairs Associates, one of Lansing’s most respected government relations firms, bringing that expertise to his leadership at the Michigan Manufactured Housing Association.
In this episode, Andrew Keel and John Lindley dive deep into the crucial intersection of legislation and the mobile home park industry. John provides valuable insights on how mobile home park community owners can actively support Manufactured Housing Associations, emphasizing the importance of board involvement and not just donations. He also stresses the need for mobile home park owners to stay informed and to communicate effectively with legislators, using precise language to ensure their concerns are heard on key issues affecting mobile home park management.
Tune in now to gain actionable strategies and expert insights from Andrew Keel and John Lindley, designed to help you succeed in the evolving mobile home park investing landscape!
***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 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 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 improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.
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.
Book a 1 on 1 consultation with Andrew Keel to discuss:
Click Here: https://intro.co/AndrewKeel
Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, 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 review of the show.
Would you like to see value-add 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 Podcast
0:30 - John Lindley’s journey to his current role as the head of the Michigan Manufactured Housing Association
03:38 - The Mobile Home Park Industry is under fire with legislative changes
05:36 - Providing value to mobile home park community owners
07:45 - Housing supply crisis in Michigan and how to assist with legislation changes
14:26 - What matters most to mobile home park community owners and operators
23:29 - Is now a good time to invest in Mobile Home Parks in Michigan?
25:30 - Diverse homes, poor communication, zoning, and how initiatives like “NIMBY”(Not In My Backyard) have made zoning even more restrictive for mobile home parks
28:56 - Reaching out to John Lindley of the Michigan Manufactured Housing Association
29:50 - Engage in your manufactured housing state association and be aware of what your state associations are doing on behalf of all mobile home park investors in that state
30:30 - Conclusion
SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL: https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ
Links & Mentions from This Episode:
Michigan Manufactured Housing Association: https://www.michhome.org/
John Lindley’s contact number: 517-449-0487
Keel Team’s official website: https://www.keelteam.com/
Andrew Keel’s official website: https://www.andrewkeel.com/
Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel
Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast
Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/
Twitter: @MHPinvestors
Quotes:
“I started my career in the legislature as a staff member, a member of the State House Representatives, and have always been really a kind of a policy walk associated on, you know, focused on policy.” - John Lindley
“We need everybody to be a member of the (Manufactured Housing) association.” - John Lindley
“Engaging in the (Manufactured Housing) association's efforts is a particular use when it comes to [helping the effort].” - John Lindley
“How could you talk about affordable housing and not mention manufactured housing, right? Like, it could be built for less than half the price of a site-built house and is more green as well. A lot of people forget that.” - Andrew Keel
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