2024 Interview with Nick Najjar of ACS Communities and Elephant Capital Partners

Passive Mobile Home Park Investing

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הוסף לפני five שנים

תוכן מסופק על ידי Andrew Keel. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Andrew Keel או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

Species Unite

1
Elizabeth MeLampy: Forget the Camel 39:33

לפני 19 ימים39:33

הפעל מאוחר יותר

רשימות

לייק

אהבתי

39:33

"The basic premise of the event is that hunters hunt rattlesnakes from the surrounding environment all across West Texas, and bring them into the roundup for the weekend. And during the roundup, these snakes are kept in a pit and then, one by one, beheaded and skinned in front of in front of audiences." - Elizabeth MeLampy Elizabeth MeLampy is a lawyer dedicated to animal rights and protection, and her passion for this work shines through in her latest book, Forget the Camel, the Madcap World of Animal Festivals and What They Say About Being Human . To research the book, Elizabeth traveled across the country, immersing herself in a wide range of animal festivals — from the Iditarod dog sled race to the rattlesnake roundup in Sweetwater, Texas. Elizabeth examines these festivals as revealing microcosms of our broader relationship with animals. Whether it's rattlesnake hunts, frog-jumping contests, ostrich races, or groundhog celebrations, these events reflect the ways humans use animals to express cultural identity, community pride, and historical traditions. Yet beneath the pageantry and excitement lies a deeper question: Is our fascination with these spectacles worth the toll it takes on the animals involved? With compassion and insight, Elizabeth invites readers to consider whether there’s a more ethical and empathetic way to honor our stories — one that respects both animals and the traditions they inspire. Please listen, share and read, Forget the Camel. It will be released on April 8th, 2025. https://apollopublishers.com/index.php/forget-the-camel/…

לפני שנה 44:05

MP3•בית הפרקים

Nick Najjar, a previous guest on the show back in 2022, is the principal owner of ACS Communities and Elephant Capital Partners. He oversees six manufactured housing communities with a total of 295 sites. ACS Communities also holds minority partnerships in various mobile home parks across the United States and has completed over 25 mobile home park deals.

Nick Najjar leads all aspects of ACS Communities and Elephant Capital Partners, from mobile home park acquisitions and business development to the operations and property management of their manufactured housing communities.

In this episode, Andrew Keel and Nick Najjar explore the high demand for affordable housing, the in’s and out’s of wholesaling and assigning mobile home parks, and the differences in the assignment of mobile home park deals compared to other asset classes. They also discuss the use of third-party mobile home park property management. Nick Najjar shares his insights on closing mobile home park deals, emphasizing the importance of transparency, fostering rapport, and supporting the mobile home park investor community.

Join us as Nick Najjar shares his knowledge, enthusiasm, and passion for the mobile home park investing asset class on this episode.

***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:

A deal review
Due diligence questions
How to raise capital from investors
Mistakes to avoid, and more!

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

01:32 - Perspectives on wholesaling in the Mobile Home Park Industry

08:00 - Assignment of mobile home park deals versus other asset classes

14:48 - How Nick Najjar closes a mobile home park deal

19:30 - Business Management - Focusing on and delegating specific tasks

22:00 - The Mobile Home Park Industry is a volume game so you have to get creative.

24:44 - Using third-party mobile home park property management

28:30 - It’s all about trusting the system and the job

32:47 - Understanding quick value-add in mobile home park investing

37:21 - Park-owned homes

40:08 - The affordable housing demand will always be high

42:47 - Reaching out to Nick Najjar

43:12 - Conclusion

SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ

Links & Mentions from This Episode:

The previous 2022 episode with Nick Najjar: https://keelteam.com/post/interview-with-nick-najjar-of-elephant-capital-partners/

Elephant Capital Partners Website: https://elephantcp.com/

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:

“You’ve got to have a lot of rapport. You have to build a lot of trust. So I think displaying your track record of previous deals is important.” - Andrew Keel

“Every property has some issues.” - Nick Najjar

“I think the key is finding out what the seller really wants and then getting creative to make that happen.” - Nick Najjar

“One of the things I love about this business is there's always a new challenge, always something I'm learning something new literally almost every day- like yesterday.” - Nick Najjar

“The deals are out there. So it's all about volume. Like you got to look at a lot of deals.” - Nick Najjar

140 פרקים

#Trading #Business #Andrew Keel #Mobile Home

2024 Interview with Nick Najjar of ACS Communities and Elephant Capital Partners

Passive Mobile Home Park Investing

published לפני שנה

שתפו

MP3•בית הפרקים

Join us as Nick Najjar shares his knowledge, enthusiasm, and passion for the mobile home park investing asset class on this episode.

Book a 1 on 1 consultation with Andrew Keel to discuss:

A deal review
Due diligence questions
How to raise capital from investors
Mistakes to avoid, and more!

Click Here: https://intro.co/AndrewKeel

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

01:32 - Perspectives on wholesaling in the Mobile Home Park Industry

08:00 - Assignment of mobile home park deals versus other asset classes

14:48 - How Nick Najjar closes a mobile home park deal

19:30 - Business Management - Focusing on and delegating specific tasks

22:00 - The Mobile Home Park Industry is a volume game so you have to get creative.

24:44 - Using third-party mobile home park property management

28:30 - It’s all about trusting the system and the job

32:47 - Understanding quick value-add in mobile home park investing

37:21 - Park-owned homes

40:08 - The affordable housing demand will always be high

42:47 - Reaching out to Nick Najjar

43:12 - Conclusion

SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ

Links & Mentions from This Episode:

The previous 2022 episode with Nick Najjar: https://keelteam.com/post/interview-with-nick-najjar-of-elephant-capital-partners/

Elephant Capital Partners Website: https://elephantcp.com/

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:

“You’ve got to have a lot of rapport. You have to build a lot of trust. So I think displaying your track record of previous deals is important.” - Andrew Keel

“Every property has some issues.” - Nick Najjar

“I think the key is finding out what the seller really wants and then getting creative to make that happen.” - Nick Najjar

“One of the things I love about this business is there's always a new challenge, always something I'm learning something new literally almost every day- like yesterday.” - Nick Najjar

“The deals are out there. So it's all about volume. Like you got to look at a lot of deals.” - Nick Najjar

140 פרקים

#Trading #Business #Andrew Keel #Mobile Home

כל הפרקים

Passive Mobile Home Park Investing

1
Investing in mobile home parks for time freedom with Kyle Grimm 53:34

לפני 27 ימים53:34

53:34

Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In this episode, Andrew Keel sits down with Kyle Grimm, a full-time real estate investor based in Quincy, Illinois. Kyle Grimm’s journey began in high school when he made his first investment—a house he purchased for just $5,000! Fast forward to today, and Kyle Grimm has built an impressive portfolio spanning single-family homes, small multifamily properties, self-storage facilities, mobile home parks, and even an RV campground. Currently, Kyle Grimm owns 330 mobile home park lots, with 95 more units under contract. Kyle Grimm shares hard-earned lessons from his investing career, including his first mobile home park deal, the importance of vertical integration within mobile home park investing, and how to build a successful trailer park investment strategy. Kyle Grimm and Andrew Keel also tackle mobile home park industry challenges like rent control regulations, cash flow management, and the stigma surrounding mobile home parks. Listen in for real-world insights, actionable investing tips, and lessons from Kyle Grimm’s journey! Andrew Keel is the owner of Keel Team, LLC, a Top 44 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages over 40 manufactured housing communities across more than 15 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. Check out Andrew Keel’s FREE e-book, “ The Top 20 Things You Need to Know Before You Start Investing in MHPs ” which you can also find on our website, https://keelteam.com/ 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 . 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 02:51 - How Kevin Bupp’s influence shaped Kyle Grimm’s approach to Mobile Home Park investing 05:50 - The Top 20 Things You Need to Know Before You Start Investing in Mobile Home Parks 06:30 - Lessons from Kyle’s first mobile home park deal and the due diligence process 14:00 - Why real estate investing isn’t for everyone and common misconceptions 15:00 - Overcoming the stigma of manufactured housing community investing 19:37 - Vertical integration within mobile home park investing: learning to trust and delegate property management 26:19 - The danger of relying too much on cash flow for capex and infill 35:39 - Why having a great mobile home park operator makes all the difference 39:30 - What are Direct Billed trailer parks and how do they fit into Kyle Grimm's strategy? 45:00 - Rent control regulations and how they impact mobile home park owners 51:20 - Reaching out to Kyle Grimm 00:00 - Closing thoughts and final takeaways SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL: https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ Links & Mentions from This Episode : Kyle Grimm’s LinkedIn: https://www.linkedin.com/in/kyle-grimm-1aa207132/ Kyle Grimm’s website: https://thekylegrimm.com/ 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: “At some point, you have to swing the bat.” - Kyle Grimm “It’s not for everyone, I will say that. Especially something like mobile home parks.” - Kyle Grimm “Once the (mobile home park) deal flow hits a certain threshold, then it was like, okay. I’m gonna have to turn away good deals if I don’t have the money to take ‘em down.” - Andrew Keel “Park-owned (Mobile) homes are always more expensive than you think.” - Andrew Keel…

Passive Mobile Home Park Investing

1
Interview with Patrick McDonald & Nick Cebula of CMG Parks 42:34

לפני 8 weeks42:34

42:34

Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In today’s episode, Andrew sits down with Patrick McDonald and Nick Cebula, co-founders of CMG Parks to discuss their journey in building a 30 property mobile home park and RV park portfolio across six states, providing affordable housing for nearly 2,000 residents. Patrick McDonald and Nick Cebula, both alumni of Washington State University come from backgrounds in medical sales management and financial planning. Together, they leveraged their expertise to launch a specialized real estate investment firm focused on value-add mobile home park opportunities in the Pacific Northwest. In this episode, you'll learn: - How Patrick McDonald and Nick Cebula transitioned from traditional careers into Mobile Home Park investing - The unique challenges and opportunities in the Pacific Northwest Mobile Home Park market - Why legislation, rent control, and park-owned homes can make or break a mobile home park investment - The one big factor that allowed all three—Patrick McDonald, Nick Cebula, and Andrew Keel—to break into the mobile home park investing industry (and how you might have it too!) If you’re looking for insider strategies to scale your mobile home park portfolio, this episode is a must-listen! 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 . 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 03:04 – Why success in mobile home park investing takes time—and how having a supportive spouse can make a difference 07:20 – The importance of real estate education before diving into mobile home park investing 08:22 – Challenges with sub-metering utilities and dealing with below-market rents in Mobile Home Park investments 10:00 – Why park-owned mobile homes require skilled contractors and strong market fundamentals for success 15:17 – Finding and acquiring mobile home parks in the Pacific Northwest—opportunities and challenges 24:30 – Understanding timing and realistic investment timelines for scaling your Mobile Home Park portfolio via infill 32:00 – The key qualities of successful Mobile Home Park operators: business acumen, experience, and sufficient capital 38:19 – Navigating rent control laws and legislation affecting mobile home parks in certain blue states 40:36 – How to connect with Patrick McDonald and Nick Cebula for insights and investment opportunities 41:22 – The best advice for aspiring investors: "Just jump in!" 41:45 – Closing thoughts and final takeaways SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ Links & Mentions from This Episode : CMG Parks: https://cmgparks.com/ Nick Cebula: nick@cmgparks.com Patrick McDonald: patrick@cmgparks.com 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: “Do it sooner and have faith in the process and just take the lead.” - Patrick McDonald “The biggest thing in having a large (mobile home park) portfolio of park-owned homes is having a good contractor. Somebody that can actually flip these homes and get them ready.” - Patrick McDonald “Always create two offers when you’re making an offer on a (mobile home park) property; one cash out with a loan, and the other doing a seller financing.” - Patrick McDonald “You won’t know until you get that first one (mobile home park), but you can only listen to so many podcasts and read so much in this scene. Once you get that first one yourself, then you’ll figure things out. It’s not too difficult.” - Nick Cebula…

Passive Mobile Home Park Investing

1
Building a Wisconsin Mobile Home Park Portfolio With Dustin Wiskes 57:26

לפני 11 weeks57:26

57:26

Join host Andrew Keel in this episode of The Passive Mobile Home Park Investing Podcast as he interviews special guest Dustin Wiskes, a full-time engineer and accomplished mobile home park investor in the state of Wisconsin. Dustin Wiskes began his real estate journey in 2021 with a value-add, 28-space mobile home park in western Wisconsin. Just four years later, he now owns 9 mobile home communities with a total of approximately 275 pads, all located in Wisconsin. Dustin Wiskes shares his inspiring mobile home park investing story of starting small and scaling up while balancing the demands of a full-time career. From navigating his first mobile home park deal to overcoming challenges like mobile home park utility infrastructure issues and market evaluation, Dustin Wiskes offers invaluable insights for investors at every stage of their journey. Key Topics Covered in This Episode: Dustin Wikes’ First Deal: Lessons learned from purchasing and managing a value-add mobile home park. The Importance of Due Diligence: How proper research can prevent costly mistakes. Submetered Mobile Home Parks: The advantages and potential challenges of submetering water and sewer. Balancing a Full-Time Career and Real Estate: Tips for managing nine mobile home parks while working as an engineer. Public Utilities vs. Septic Systems: Insights into infrastructure decisions and their impact on mobile home park operations. Market Research: Evaluating Metropolitan Statistical Areas (MSAs) to identify lucrative opportunities. Scaling a Portfolio: Strategies for growing your mobile home park investments while maintaining work-life balance. Building Trust with General Partners (GPs): Establishing successful partnerships in real estate. Overcoming Mobile Home Park Utility Infrastructure Challenges: Real-world examples of dealing with outdated systems and unengaged owners. Whether you’re a seasoned mobile home park investor or just beginning to explore passive real estate investing, this episode is filled with actionable strategies and valuable lessons to help you grow your portfolio and achieve financial freedom. 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 . 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 04:00 - Dustin’s first mobile home park: lessons learned and key takeaways 08:00 - The importance of thorough mobile home park due diligence 10:45 - Advantages and challenges of submetered water and sewer in mobile home parks 13:30 - Managing nine mobile home parks while working full-time (feat. RentButter insights) 18:20 - Public utilities vs. septic tanks: what to know 20:00 - Acquiring used homes for mobile home parks 24:00 - Market research and evaluating bad infrastructure in mobile home parks 33:00 - Trusting and partnering with GP’s 37:00 - Managing the ups and downs of owning multiple mobile home parks 45:22 - Out-of-touch mobile home park owners: handling common challenges 47:00 - Researching MSAs and their importance 50:00 - Scaling your mobile home park portfolio while maintaining work-life balance 56:07 - How to connect with Dustin Wiskes 57:00 - Closing thoughts SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ Links & Mentions from This Episode : Dustin Wiskes’ Instagram: https://www.instagram.com/dustinwiskes/ RentButter: https://www.rentbutter.com/ 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 didn’t go through the due diligence handbook probably as well as I should have. I mean, I tried to do the main ones…And hindsight, I probably should have got a more proper survey done.” - Dustin Wiskes “Clearly markets matter.” - Dustin Wiskes “Other than the market, I would be wary of really bad (mobile home park) infrastructure.” - Dustin Wiskes “That’d be fun if you want to go down a dirty (mobile home park) sewer line. Who doesn’t want to do that?” - Andrew Keel…

Passive Mobile Home Park Investing

1
What happens after a tornado rips through a mobile home park? An Interview with Temporary Housing Expert: Daniel J. Burnham 33:34

לפני 14 weeks33:34

33:34

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 a special guest in Daniel Burnham, managing member at Timberline Construction Group, LLC. In this episode of The Passive Mobile Home Park Investing Podcast , Andrew Keel and Daniel Burnham discuss the critical topic of natural disasters and their impact on mobile home parks. This episode is essential listening for mobile home park owners and investors who want to better prepare for and try to mitigate disaster-related challenges. Key Takeaways from the Episode: Providing temporary housing: Daniel shares the step-by-step process for creating temporary manufactured housing quickly after a natural disaster. Collaborating with FEMA: Learn how to work effectively with FEMA to maximize the benefits of their assistance programs. Optimal Mobile Home Park layouts: Explore Daniel’s recommendations for designing mobile home parks when developing from raw land. About Daniel J. Burnham: Daniel began his career at Timberline Construction Group, LLC while pursuing his degree in Business Management at the University of West Florida. Over the years, he has cultivated extensive expertise in construction and temporary housing, helping communities rebuild and recover in the wake of natural disasters. About Timberline Construction Group, LLC: Timberline Construction Group is an industry leader in: Disaster recovery efforts: Partnering with federal, state, and local governments to provide immediate and long-term recovery solutions. Mobile home park development: Expanding and improving manufactured housing communities with innovative and efficient construction practices! Don’t miss this episode filled with expert insights on disaster recovery, mobile home park development, and collaboration with FEMA. Listen now! 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 . 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 . 01:25 - Managing a mobile home park after a TORNADO rips through. 04:20 - Working with FEMA: How to get support and what happens after the first 12 to 18 months. 12:00 - Mobile home park development and current building processes. 18:00 - Best practices for building mobile home parks from raw land. 19:15 - Why involving contractors early is critical to mobile home park investing success. 21:40 - Breaking down cost per mobile home park lot during ground up development. 23:45 - Investing in mobile home parks as a passive investor. 27:30 - Mobile Home Park key utility infrastructure recommendations from Daniel J. Burnham. 31:41 - How to connect with Daniel J. Burnham. 32:43 - Episode conclusion. SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ Links & Mentions from This Episode : Timberline Construction Group, LLC : www.timberlinecg.com Timberline Construction Group, LLC phone number: 800-848-8300 (Clay Curtis) FEMA’s federal acquisition side: https://sam.gov/ 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: “FEMA typically jumps in when insurance does not.” - Daniel J. Burnham “In most cases [of temporary mobile home housing after a disaster], especially ones that we’re aware of, [displaced mobile home tenants] are simply temporary residents and so [FEMA] does not sell the units.” - Daniel J. Burnham “From a building perspective and development perspective, having utilities close by is a huge money saver.” - Daniel J. Burnham “You put bad data in, you get bad data out.” - Daniel J. Burnham…

Passive Mobile Home Park Investing

1
Interview with Jeff Flynn of Aspen Ridge Capital 54:15

לפני 18 weeks54:15

54:15

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew Keel sits down with Jeff Flynn, a Navy veteran and founder of Aspen Ridge Capital, to discuss his remarkable transition from military service to mobile home park investing. Jeff Flynn’s journey began during his final year in the Navy, when he worked as a mobile home park broker. Just three days after leaving the military, he fully immersed himself into his first mobile home park acquisition. In a short span, Jeff Flynn scaled his portfolio to eight mobile home parks and continues to focus on expanding his business. Join Andrew Keel and Jeff Flynn as they explore the strategies that drive successful mobile home park investments. Topics include: Transitioning to MHP Investing: How Jeff Flynn moved from the military to owning mobile home parks within days of completing his service. Portfolio Growth and Syndication: Insights into scaling to eight parks and leveraging syndication effectively. Strategies for Raising Rents: Proven methods for increasing rents while maintaining resident satisfaction. Remote Management Success: How to manage mobile home parks from a distance using virtual assistants and on-site teams. Scaling Challenges: The risks of growing too quickly and strategies to avoid common pitfalls. AI Integration: How artificial intelligence has helped Jeff streamline operations and improve efficiency. Networking and Learning by Osmosis: Gaining valuable knowledge through conversations and investor connections. Creative Yet Disciplined Buying Criteria: Balancing flexibility and structure when targeting parks. Value-Add Opportunities in Smaller Trailer Parks: Why Jeff Flynn focuses on small- to mid-sized mobile home parks and works closely with mom-and-pop owners. Exit Strategies: Crafting a clear plan for long-term success in MHP investing. Septic Systems vs. City Sewer: Weighing the pros and cons of each system for mobile home parks. Infill Hacks and Niche Strategies: Tips for optimizing mobile home park occupancy and adding value. This episode is packed with actionable insights for anyone interested in mobile home park investing, uncovering value-add opportunities, or scaling quickly and effectively in this niche market. Listen now and start your journey toward passive MHP investing 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: A mobile home park deal review (get live feedback on your own MHP deal!) Mobile home park due diligence questions How to raise capital from investors for mobile home parks Mistakes to avoid in mobile home park investing, and more! 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 to The Passive Mobile Home Park Investing Podcast 01:00 – Jeff Flynn’s inspiring journey: From serving in the military to investing in mobile home parks 06:30 – Building a strong mobile home park portfolio: Jeff Flynn’s experience with syndication and scaling his investments 13:20 – Proven strategies for raising rents effectively in mobile home parks 17:00 – Remote management success: Utilizing virtual assistants and on-site teams to streamline operations 19:45 – The risks of scaling too quickly and how to avoid common pitfalls in mobile home park investing 21:30 – Leveraging artificial intelligence (AI) to optimize mobile home park systems and processes 26:00 – The power of networking: Gaining valuable insights from mobile home park investor conversations and learning through experience 29:18 – Striking the balance: Creativity and discipline in mobile home park buying criteria 30:50 – Unlocking value-add opportunities: Targeting smaller to mid-sized mobile home parks and building relationships with mom-and-pop owners 42:20 – Crafting a solid exit strategy: Why planning your endgame is crucial in mobile home park investing 45:00 – Septic systems vs. city sewer: Weighing the pros and cons for mobile home parks 47:07 – Creative infill strategies and niche tips for optimizing mobile home park occupancy 53:00 – How to connect with Jeff Flynn 53:30 – Closing thoughts and takeaways SUBSCRIBE TO THE PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL: https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ Links & Mentions from This Episode : Jeff Flynn on LinkedIn: https://www.linkedin.com/in/jeffaflynn Aspen Ridge Equity: https://www.aspenridge.info/ Keel Team’s official website: https://www.keelteam.com/ Andrew Keel’s official website: https://www.andrewkeel.com/ Andrew Keel’s LinkedIn: https://www.linkedin.com/in/andrewkeel Andrew Keel’s Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast Andrew Keel’s Instagram page: https://www.instagram.com/passivemhpinvesting/ Twitter: @MHPinvestors Quotes: “It’s easier to get lucky when you’re working hard.” - Jeff Flynn “Nobody wants to pay more in rent, but they also want to make sure that the (mobile home park) community that their home is–more or less–stuck in, is continuing to be maintained.” - Jeff Flynn “A lot of it was just sitting down and figuring out, ‘What am I doing that’s working? What am I doing that’s not?’ A lot of it is just learning on the job.” - Jeff Flynn…

Passive Mobile Home Park Investing

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Interview with Jake Bond and Paras Shah of GSC Investments 54:50

לפני 21 weeks54:50

54:50

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: The importance of providing well-maintained, affordable mobile homes to foster stable mobile home park communities. Effective tactics for attracting and retaining "sticky" tenants who view mobile home parks as their forever home. Overcoming misconceptions and biases surrounding mobile home parks and reshaping public perception. Navigating the impact of mobile home park rent control laws in the Pacific Northwest. How market education and community density considerations play a role in sustainable mobile home park growth. 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: jake@gscinvestments.com Paras Shah’s email: paras@gscinvestments.com 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…

Passive Mobile Home Park Investing

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Top Risks: Buying Mobile Home Parks with Small Lots and Older Mobile Homes 10:33

לפני 22 weeks10:33

10:33

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: Challenges in Sourcing and Selling Smaller Mobile Homes : Discover why smaller mobile home park lot sizes can limit options and impact profitability. Zoning Hurdles : Learn about potential zoning and setback restrictions and how they can affect mobile home park operations. What is a Mobile Home’s Life Expectancy? : Understand the typical lifespan of older mobile homes and the maintenance costs that come with them. 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: A mobile home park deal review (get live feedback on your own MHP deal!) Mobile home park due diligence questions How to raise capital from investors for mobile home parks Mistakes to avoid in mobile home park investing, and more! 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…

Passive Mobile Home Park Investing

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Top Risks: Private vs. Public Utilities in Mobile Home Park Investing 22:40

לפני 24 weeks22:40

22:40

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: Utility Due Diligence in Mobile Home Park Investing: What you need to know when evaluating utility systems during your investment process. Private Utilities in Mobile Home Parks: A closer look at well systems and sewer infrastructure, and how they can impact your mobile home park's operation. Why lagoon systems and wastewater treatment plants are potential red flags you should avoid. Public Utilities in Mobile Home Parks: Why are they preferred? Lift Stations inside of a Mobile Home Park: Understanding the role of lift stations and why they’re critical in both private and public utility setups. MHU (Mobile Home University) Reference Library: Discover how to leverage Mobile Home University’s due diligence checklist for utilities to ensure a thorough evaluation. Orangeburg Sewer Lines: Learn about the impact of aging Orangeburg sewer lines on utility decisions and how they can affect older mobile home parks. 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: A mobile home park deal review (get live feedback on your own MHP deal!) Mobile home park due diligence questions How to raise capital from investors for mobile home parks Mistakes to avoid in mobile home park investing, and more! 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…

Passive Mobile Home Park Investing

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Top Risks: Mobile Home Parks In Tertiary Markets 12:34

לפני 25 weeks12:34

12:34

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: Low population density and the impact of reduced demand in tertiary mobile home park markets How the distance from key amenities can affect the value and performance of mobile home park investments Challenges of selling mobile homes in small towns, and effective strategies to overcome these obstacles Longer travel times for mobile home park owners and operators, and how this impacts management efficiency The difficulty of finding reliable service providers and contractors in remote areas The financial risks of infill costs in mobile home park investments in less populated regions Limited options for utility companies, and how this can complicate mobile home park operations Public transportation limitations in tertiary markets and their effect on tenant demand and mobile home park investing success 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: A mobile home park deal review (get live feedback on your own MHP deal!) Mobile home park due diligence questions How to raise capital from investors for mobile home parks Mistakes to avoid in mobile home park investing, and more! 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…

Passive Mobile Home Park Investing

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Top Risks: Why Infill & Low Occupancy Mobile Home Park Projects Add Risk For Passive Investors 28:35

לפני 26 weeks28:35

28:35

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 : The increased risk tied to value-add mobile home park projects with extensive infill Budgeting tips and strategies to manage infill-related expenses Weighing the pros and cons of using new versus used mobile homes in infill projects How to match home sizes with lot sizes for maximum efficiency Understanding the true cost of foundation concrete work and utility infrastructure upgrades 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: A mobile home park deal review (get live feedback on your own MHP deal!) Mobile home park due diligence questions How to raise capital from investors for mobile home parks Mistakes to avoid in mobile home park investing, and more! 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…

Passive Mobile Home Park Investing

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Top Risks: Converting Park-Owned Mobile Homes (POH) To Tenant-Owned Mobile Homes (TOH) 20:05

לפני 27 weeks20:05

20:05

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: The pros and cons of owning park-owned mobile homes (POH) vs. tenant-owned mobile homes (TOH). A step-by-step guide to converting POH to TOH. Common pitfalls to avoid during the park-owned mobile home conversion process. How converting to tenant-owned mobile homes could possibly lead to increased net cash flow and reduced management effort. 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: A mobile home park deal review (get live feedback on your own deal!) Mobile home park due diligence questions How to raise capital from investors for mobile home parks Mistakes to avoid in mobile home park investing, and more! 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…

Passive Mobile Home Park Investing

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Institutional Deals with Mike Nissley of Colliers Manufactured Housing & RV Group 44:55

לפני 28 weeks44:55

44:55

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: Key steps for determining the value of mobile home parks Challenges and opportunities of park-owned mobile homes Mobile home park due diligence essentials How institutional investors evaluate mobile home parks Building a winning team in the mobile home park sector 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: A mobile home park deal review (get live feedback on your own deal!) Mobile home park due diligence questions How to raise capital from investors for mobile home parks Mistakes to avoid in mobile home park investing, and more! 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: Mike.Nissley@colliers.com 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…

Passive Mobile Home Park Investing

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Interview with Yonah Weiss on Mobile Home Park Investment Tax Benefits in 2024 33:04

לפני 30 weeks33:04

33:04

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: A deal review Due diligence questions How to raise capital from investors Mistakes to avoid, and more! 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…

Passive Mobile Home Park Investing

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10 Common Due Diligence Mistakes in Mobile Home Park Investing 29:16

לפני 31 weeks29:16

29:16

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: Failing to Obtain a Mobile Home Park Zoning Certificate : Before buying a mobile home park that requires infill, securing a zoning certificate with setback requirements is crucial. Overlooking the Property Tax Increase : Be prepared for the property tax increase that often comes in the second year after your purchase. Re-assessing the property to the new purchase price from the sale. Opting for a Mobile Home Park Boundary Survey Instead of an ALTA Survey : An ALTA survey provides more comprehensive information, which is essential for accurate due diligence. Neglecting to Review a Full Year of the Mobile Home Park’s Utility Bills : Ensure you examine 12 months of water and sewer utility bills and usage data to avoid surprises. Skipping the Phase One Environmental Inspection : This inspection is vital to uncover any potential environmental risks before purchasing. Failing to Inspect Behind Mobile Homes : Don’t skip physically walking behind the mobile homes; it’s key to understanding the true condition of the property. Failing to Inspect Inside Park-Owned Mobile Homes: Thoroughly inspecting the interiors of mobile homes is essential for uncovering hidden issues. Overlooking Park-Owned Mobile Home Lost Title Costs : Account for the expenses related to obtaining and managing titles for park-owned homes. Neglecting to Discuss Responsibilities with the Power Company Engineer : A clear discussion with the power company engineer can prevent costly misunderstandings down the line. Skipping a Review of the Mobile Home Park’s Google Reviews : Reading the Google My Business reviews for the mobile home park can reveal important red flags. 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: A deal review Due diligence questions How to raise capital from investors Mistakes to avoid, and more! 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…

Passive Mobile Home Park Investing

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Interview with John Lindley, President of the Michigan Manufactured Housing Association 31:21

לפני 33 weeks31:21

31:21

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: A deal review Due diligence questions How to raise capital from investors Mistakes to avoid, and more! 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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