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 Byron Sellers of Mobile Home Elite Investors. Byron is a mobile home investor and educator based out of Chicago, IL.After listening to a real estate podcast featuring a segment about mobile home investing, Byron Sellers and his partner, Sharnice Williams, decided to dive in deeper to mobile homes. The couple was very interested in real estate investing but just didn't have the cash needed to get started. After learning about mobile home investing on the podcast it made them realize just how great of an opportunity it would be to get started, with very little money needed upfront. Together, they studied the mobile home investing space and raised enough capital to launch Travae Scott Investments LLC in 2018. They have been taking the mobile home scene by storm and growing at a tremendous rate including becoming mobile home community owners in 2020. Byron and Sharnice also have an education program teaching people how to invest in mobile homes at a large scale.

 

***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 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 total 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:00:21 - Welcome to the Passive Mobile Home Park Investing Podcast01:58 - Byron's history and journey with mobile home park investments04:50 - How passive investors get involved in mobile home investing06:49 - A technique on how to find operators07:44 - $50,000 business plan scenario09:43 - Working with mobile home park owners10:50 - The best ways to find mobile home deals12:13 - Average purchase price for mobile homes13:36 - The process of a "typical deal"19:10 - Average lease with an option to purchase20:11 - Dodd-Frank and SAFE Act21:15 - The biggest risk factors in mobile home investing24:00 - Case study for a passive investor who wants to flip homes25:17 - Byron's perfect mobile home park27:40 - Cast study example of a recent deal30:10 - Getting a hold of Byron31:03 - Backstory of Andrew and Byron's relationship32:05 - Conclusi

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 Keel talks with Charles DeHart, a mobile home park investment Fund Manager and Broker with Marcus and Millichap. Andrew and Charles do a deep dive into Charles' background in military and private security and what brought him to real estate investing. They dive into the transition Charles made into the world of mobile home park investing while living overseas! Charles has an amazing story to tell, building and managing a mobile home park empire worth over $75,000,000! Andrew and Charles talk about how Charles met Kevin Bupp and how they formed Sunrise Capital, a mobile home park investment fund. They also talk about common mistakes in underwriting, how to properly vet a mobile home park operator, and what you need to do in order to manage upwards of twenty on site mobile home park managers at once!

 

***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 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.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 Podcast00:52 - Charles DeHart's background and his MHP story08:20 - Building and using a database10:37 - Forming Sunrise Capital Fund with Kevin Bupp15:54 - The story of Sunrise Capital18:38 - Mis-managed mobile home parks20:50 - The models that Sunrise worked with in the beginning22:35 - Transitioning from military/security work to the MHP business26:17 - Becoming a broker28:38 - Common mistakes in the underwriting of mobile home parks31:30 - Capitalized vs not-capitalized income36:36 - The future of the economy40:15 - Their first park in and out of the $10 million fund44:20 - Charles' model for their park owned homes48:30 - The hardest part about park owned homes50:10 - What Passive Investors need to look out for when investing in mobile  home parks50:50 - Vetting operators53:42 - Charles' perfect mobile home park56:15 - Getting a hold of Charles57:33 - Conclusion

Links & Mentions from This Episode:

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 Jeff Cook, the CEO and CFO of Cook Properties NY. Today Andrew and Jeff talk about what it's like to own real estate in the state of New York and what it's like to own affordable housing in the state given the current landlord-tenant laws. Jeff talks about how COVID-19 has impacted his business and he also discusses the up's and down's he has faced in the manufactured housing community business. Jeff gives his advice to passive mobile home park investors and talks about mobile home park financing options as well as his opinion on the current state of the mobile home park asset class.Cook Properties NY is a top 50 owner of Mobile Home Parks in the United States. Cook Properties recently launched a $20 million dollar mobile home park and self storage investment fund focused on acquiring mobile homes communities and self storage facilities in Massachusetts, New York, Ohio, and Pennsylvania. Cook Properties NY was formed in 1997 and they currently own and operate 26 mobile home communities with over 2,000 lots, primarily across the state of New York.

 

***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 1,400 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:00:21 - Welcome to the Passive Mobile Home Park Investing Podcast01:44 - Jeff's background and history in manufactured housing03:18 - The recessionary environment in 200804:38 - Important things passive investors should look out for when investing in mobile home parks05:29 - Rent control and landlord-tenant laws in New York07:02 - Purchasing properties and park owned homes09:00 - Trends in the competition10:43 - Toughest hurdle in the mobile home park business11:59 - The current state of the manufactured housing industry13:01 - Retailing homes, buying trends14:00 - Jeff's perfect mobile home park14:50 - Jeff's community's performance during COVID17:03 - Financing in order to secure communities19:08 - Cook Properties: value proposition, and what makes them different20

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 Mobile Home Park Investor and Operator Paul Stout. Paul is the founder of KP Asset Management and they specialize in mobile home parks and self-storage facilities in Indiana, Illinois, and Ohio. When Paul decided to get into real estate investing, he started out like all of us: diving in deep and doing the necessary research into different asset classes that allow scale. When Paul found mobile home parks, he knew he had found his niche. He dove in head-first, by investing in a mobile home park and managing it himself to learn the business.Today, Paul offers up some great advice on what sort of things he looks for when he is researching a potential mobile home park acquisition. Paul tells us about how he got into the mobile home park business and what hooked him about this asset class. Paul also gives his advice for new passive investors who are looking to invest in the mobile home park asset class.

 

***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 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.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 Podcast01:04 - Paul's story and journey into the business of manufactured housing04:30 - Advice for passive investors: things to look out for08:30 - Paul's research into the market21:40 - The toughest hurdles for Paul25:28 - The state and future of manufactured housing31:10 - Strengths and weaknesses for KP Management in terms of management35:00 - Paul's perfect mobile home park37:05 - Experience with manufactured home loans43:00 - Proforma mistakes46:50 - Infill48:57 - Getting a hold of Paul49:20 - Conclusion

Links & Mentions from This Episode:

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 Rhett Trees. Rhett is the founder, chief executive officer, and chief compliance officer at Seneca Capital Partners. He loves and specializes in niche, non-correlated assets in sectors that are not well-understood, not over-capitalized, and in niches that don't fit into pretty little packages and traditional institutional asset classes. Rhett is a seasoned veteran in the mobile home park asset class, having been apart of a mobile home park portfolio exit to Blackstone, circa 2019. Rhett was kind enough to share lessons he has learned along the way in the mobile home park business. Today Andrew and Rhett talk about Rhett's biggest hurdles in the industry, how spirituality has shaped the way he does business, how COVID has affected Seneca's portfolio, his experience with third party managers, and what his perfect mobile home park looks like.Prior to starting Seneca, Rhett Trees was an equity partner at Caddis Capital Investments, the sponsor of Trico Fund III. In 2012 he was a principal at The True Life Companies, a company that was known to be one of the premier providers of land and lots to American's home builders. He graduated from the Kelley School of Business at Indiana University with a double major in Entrepreneurial Management and Marketing. He completed the Real Estate Executive Program at Harvard Business School and finished off his studies abroad at the University of London in England.

 

***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 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:00:21 - Welcome to the Passive Mobile Home Park Investing Podcast02:35 - Rhett's story and how he got into manufactured housing04:50 - Lessons learned from Caddis Capital Investments08:45 - Advice for people just getting into passive investing13:50 - The biggest hurdle in Rhett's journey19:42 - How COVID has affected their portfolio28:39 - What does Rhett's perfect mobile home park look like?31:00 - Value-prop for Seneca42:35 - Shapiro and other third party managers

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 one of his biggest mentors; Jefferson Lilly with Park Avenue Partners. Jefferson talks about his first mobile home park deal in 2007, the demographics information on what would be his perfect mobile home park, what makes Park Avenue Partners different, and his predictions of where the mobile home market will be in 2021 and after.Jefferson is an expert and educator in the mobile home park asset class. As a founding member of Park Avenue Partners (and it's predecessor, Park Street Partners), he is responsible for their strategic direction, property operations, and new acquisitions. In this episode, Jefferson shares his expertise on the manufactured housing industry and also shares resources like his podcast and his Mobile Home Park Investors LinkedIn group.Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,400 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.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 Podcast02:14 - Jefferson's background in the business06:22 - Jefferson's first park in 200709:37 - The most important thing passive investors (LPs) need to know or look for (risks)14:35 - The toughest hurdle17:19 - The current state and future of the mobile home park industry & manufactured housing21:55 - Value-add implements Jefferson uses in his new acquisitions25:30 - Jefferson's perfect mobile home park27:56 - The value proposition at Park Avenue Partners and what makes them different29:40 - Getting a hold of Jefferson Lilly37:39 - ConclusionLinks & Mentions from This Episode:

Mobile Home Parks 2.0 presentation: https://www.mhvillage.com/pro/community-owner-presents-mhp-2-0/Mobile Home Park Investors LinkedIn Group: https://www.linkedin.com/groups/131404/Jefferson Lilly podcast: https://podcasts.apple.com/us/podcast/mobile-home-park-investors-jefferson-lilly-brad-johnson/id1069263193

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 Elevation Capital Group's co-founder, Ryan Smith. Ryan has been in manufactured housing community ownership for over fifteen years and he currently is raising funds for Elevation Capital's 8th fund! Elevation Capital Group focuses on two main types of alternative real estate investments: manufactured housing communities and self storage facilities.In this episode, Andrew and Ryan discuss why Ryan chose to get into mobile home park ownership, they also discuss the perks of investing in the lucrative niche of self storage facilities. Ryan also talks about the importance in vetting your deal sponsors and shares his thoughts on where we are in the current MHP business cycle. Ryan also shares his expertise on mobile home park ownership and his predictions about the future of the industry, COVID-19 and all!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. We have a goal of hitting over 100 five-star reviews by the end of 2021, 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.

Talking Points:00:21 - Welcome to the Passive Mobile Home Park Investing Podcast02:01 - Ryan's background in the industry of manufactured housing05:00 - The most important things passive investors need to look for when investing into the mobile home park asset class07:37 - Tips on vetting a sponsor10:21 - Ryan's thoughts on the current cycle and the current state of the manufactured housing industry15:04 - The impact of COVID and what could happen next year16:11 - Ryan's perfect mobile home park17:26 - The value proposition at Elevation Capital and what makes their funds different20:00 - Traveling out to properties22:20 - The self-storage asset class27:10 - Building and developing mobile home parks and self-storage29:40 - Getting a hold of Ryan30:31 - Conclusion

 

Links & Mentions from This Episode:

Ryan Smith phone: 407-602-7662

Ryan Smith email: [email protected]"Trailer Cash: How To Cash In On the Low-Income Housing Investment Boom" by Jamie Smith:

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 long time manufactured housing infill expert and consultant Ken Corbin. Ken has been working with manufactured housing communities, mobile home dealers, and MHP developers for over forty years. During his time in the space he has branched out to work in five different countries and on three different continents. He has been labeled "Professional Speaker of the Year" three times and has a unique high-energy presence during his professional presentations.Today Andrew and Ken Corbin will be talking about his illustrious background, his personal value add infill process, the importance of staging, different value add necessities, and his advice for new operators and passive investors. Ken has a wealth of information and has learned so much over his time in the mobile home park space. Listen in as Andrew picks Ken's brain for details on Ken's manufactured housing infill process.Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,400 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.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 Podcast02:05 - Ken's professional background07:00 - The infill process (one of the more labor intensive parts of the business)17:05 - Costs in the business, and value add necessities25:02 - What new operators should expect for infill rates26:46 - How long should a home sit when it's for sale30:05 - Top pieces of advice for new investors31:58 - Advice for people looking for a syndicate36:05 - Getting a hold of Ken37:39 - ConclusionLinks & Mentions from This Episode:Ken Corbin's Website: https://callkencorbin.com/The Manufactured Home Show: https://callkencorbin.com/manufactured-home-show/Ken's phone number: 888.823.4945

Keel Team's official website: https://www.keelteam.com/Andrew Keel's official website: https://www.andrewkeel.com/Andrew Keel LinkedIn:

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 the co-founder and managing principal of Pioneer Communities, Luke DeGrossi. Luke offers his knowledge about the mobile home park industry for potential, new, and seasoned investors. Andrew and Luke chat about "The Broken Window Theory," value-add infill projects, cap-ex projects, and the business model of Pioneer Communities. Luke also shares some stories about his ideal mobile home park, his worst experience within a trailer park, and his advice for passive investors who want to invest in mobile home parks. Andrew also asks Luke about his endgame goals and his opinions on the hardest parts about the industry.Luke DeGrossi is Co-Founder Chief Acquisitions Officer at Pioneer Communities where he is responsible for monitoring, maintaining, and reviewing Pioneer's pipeline, as well as underwriting and modeling cash flows for potential acquisitions. Prior to co-founding Pioneer Communities, Luke worked at HKS Capital Partners, New York City's premiere commercial finance brokerage with over $16 billion in transactions. As an associate in their capital markets group, Luke was responsible for structuring debt and equity capital across nationwide commercial transactions spanning permanent financing, ground-up construction, bridge, mezzanine, and acquisition finance. Prior to HKS, Luke worked as an Analyst at RPM Development Group, New Jersey's leading affordable housing developer, where he managed the daily operations, finance, and accounting for a portfolio of properties in excess of $950,000,00 in value.Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,400 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:00:21 - Welcome to the Passive Mobile Home Park Investing Podcast01:00 - Luke's background and how he got into the industry03:28 - Luke's first property04:50 - The hardest part about the business09:35 - Cap-ex projects12:07 - Luke's business model and their ideal mobile home parks14:17 - The most important things passive investors should look for15:51 - Value-add advice for new investors interested in mobile home parks18:40 - The Broken Window Theory20:55 - Pioneer Communities offices21:51 - Park-owned homes23

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 Chris Rood, the number one real estate wholesaling coach in the US (and Canada). He is also the principal at Rood Real Estate and ChrisRood.com. Chris is a full time real estate investor, coach, mentor, sales professional and entrepreneur. Today Andrew and Chris talk about Chris' experience in the trailer park industry as well as his real estate investing background. They also discuss why Chris Rood loves the mobile home park business, what his biggest struggles have been and his desired end game. Chris also discusses what he looks for in partnerships with passive investors for mobile home park acquisitions. Chris shares his wisdom on everything from his "Make Trailer Parks Great Again" hats and apparel to his opinion on window AC units in this great interview on the Passive Mobile Home Park Investing Podcast!Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,400 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.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:00:18 - Welcome to the Passive Mobile Home Park Investing Podcast01:01 - Chris' background and what he loves about the business10:43 - Collections during COVID13:11 - 21st Mortgage cash program14:14 - Chris' biggest struggle so far17:20 - Flood zones19:00 - Chris' end game20:52 - Window Units22:52 - Things to look out for with an investor28:44 - Getting a hold of Chris30:10 - Conclusion

Links & Mentions from This Episode:

Chris Rood Coaching Website: https://coaching.chrisrood.com/new-home/Chris Rood LinkedIn: https://www.linkedin.com/in/chris-rood-72a76276/Chris Rood Instagram: https://www.instagram.com/realestaterood/?hl=enChris Rood YouTube: https://www.youtube.com/channel/UCPg2GbV7ZanrL7xhw-h0W5gChris Rood Facebook: https://www.fac