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 about how you can review a potential mobile home park investment opportunity in 10 minutes or less. Andrew goes over some great tips on where you should go for market research, rent comps and more! Andrew also goes over the most important things you need to look upfront when considering a passive mobile home park investment.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 Podcast00:40 - The key to getting a mobile home park deal done quickly and efficiently01:32 - Researching the market01:55 - 5 websites, tools, and go-to places for thorough research05:32 - FEMA Flood Map06:22 - Occupancy in the mobile home community07:19 - The number of park-owned homes in the community08:00 - The utility infrastructure09:15 - Review the size of the lots and the park10:47 - Pitched roof homes11:23 - Lot rent competition in the area12:04 - Conclusion

 

Resources/Links:BestPlaces.net: https://www.bestplaces.net/SpotCrime.com: https://spotcrime.com/GreatSchools.org: https://www.greatschools.org/RentOMeter.com: https://www.rentometer.com/FEMA Flood Maps: https://msc.fema.gov/portal/home

Links & Mentions from This Episode:Bigger Pockets website: https://www.biggerpockets.com/Mobile Home University website: https://www.mobilehomeuniversity.com/Keel Team's official website: https://www.kee