The Passive Mobile Home Park Investing Podcast

27/12/2024

🚀 New Podcast Episode Release! 🔥 🏘️

🎙️ An Interview with Temporary Housing Expert: Daniel J. Burnham

On this episode of The Passive Mobile Home Park Investing Podcast, host Andrew Keel dives into an essential topic for mobile home park owners and investors: natural disasters and their impact on mobile home parks.

🎧 Why you need to listen:
If you’re looking to safeguard your investments and better prepare your mobile home park for unexpected challenges, this episode is packed with actionable insights you can’t afford to miss.

💡 Key Takeaways:
✅ Providing Temporary Housing: Daniel explains the step-by-step process of deploying manufactured homes quickly after a disaster.
✅ Collaborating with FEMA: Discover how to effectively partner with FEMA to leverage disaster assistance programs.
✅ Optimal Park Layouts: Get expert advice on designing mobile home parks for maximum efficiency and disaster resilience.

About Our Guest, Daniel J. Burnham:
With a Business Management degree from the University of West Florida and a career rooted in construction, Daniel is a recognized expert in disaster recovery and temporary housing. Through his work at Timberline Construction Group, LLC, he has helped communities rebuild and recover after natural disasters.

About Timberline Construction Group, LLC:
🏗️ Disaster Recovery Experts: Partnering with federal, state, and local governments to deliver rapid and long-term recovery solutions.
🏘️ Mobile Home Park Development Pros: Innovating and expanding manufactured housing communities with cutting-edge construction techniques.

👉 Don’t miss this deep dive into disaster recovery, mobile home park development, and FEMA collaboration. Tune in now!

🎥 Watch the full episode here:
https://www.youtube.com/watch?v=pqLr2-FnbMg

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 ...

27/11/2024

💥🎙️ NEW PODCAST EPISODE RELEASED 🎙️💥
Interview with Jeff Flynn of Aspen Ridge Capital: From Navy Veteran to Mobile Home Park Owner

🎧 Andrew Keel sits down with Jeff Flynn of Aspen Ridge Capital to discuss his rapid rise from military service to becoming a successful mobile home park investor. Learn how Jeff transitioned from being a mobile home park broker during his Navy days to acquiring 8 mobile home parks.

🔑 What You’ll Learn in This Episode:

✅ From Navy to MHP Investor: How Jeff Flynn leveraged his military experience to dive into mobile home park investing just days after leaving the service.
✅ Scaling & Syndication: Tips on growing a portfolio of 8 parks and successfully using syndication to fuel growth.
✅ Rent Increases with Resident Satisfaction: Proven strategies to raise rents while keeping tenants happy.
✅ Remote Park Management: Insights on using virtual assistants and on-site teams for efficient long-distance management.
✅ Scaling Challenges: Key risks of expanding too fast and how to avoid them.
✅ AI-Driven Operations: The role of artificial intelligence in streamlining processes and improving park efficiency.
✅ Networking for Success: Gaining valuable knowledge through investor connections and industry conversations.
✅ Buying Criteria & Value-Add Opportunities: Jeff’s disciplined approach to selecting small and mid-sized parks with untapped potential.
✅ Exit Strategies: Planning for long-term success in the mobile home park sector.
✅ Septic vs. City Sewer Systems: Weighing the pros and cons for mobile home park operators.
✅ Infill Hacks & Niche Tactics: Boosting occupancy and adding value in smaller communities.

💡 Whether you're new to mobile home park investing or looking to scale your portfolio, this episode is packed with actionable insights and strategies to help you succeed.

📲 Listen now and take the next step in your passive MHP investing journey!

🔗
https://keelteam.com/post/interview-with-jeff-flynn-of-aspen-ridge-capital/

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.

06/11/2024

💥 🎙️ PODCAST RELEASE 🎙️ 💥
Interview with Jake Bond, CFP® 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. 🏘️ 🏘️

In this episode, host Andrew Keel joins Jake Bond and Paras Shah to discuss strategies for successful mobile home park investments and how to develop high-quality, sustainable mobile home park communities in some of the nation’s top markets.

🚀 Key topics covered include:
* Creating stable, affordable mobile home communities to attract long-term residents and promote community stability.
* Tactics for attracting and retaining “sticky” tenants who view mobile home parks as their forever homes.
* Addressing misconceptions and reshaping public perceptions of mobile home parks to enhance market value.
* Navigating mobile home park rent control laws and understanding their impact on investment in the Pacific Northwest.
* The importance of market education and community density in fostering sustainable growth for mobile home park investors.

👉 Tune in to hear the full interview:
https://keelteam.com/post/interview-with-jake-bond-and-paras-shah-of-gsc-investments/

📢 Gain a fresh perspective on the mobile home park industry and uncover what it takes to succeed in this unique commercial real estate sector. 🏘️

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.

30/10/2024

🚨 New Podcast Release: Top Risks in Mobile Home Park Investing 🎙️ 🚨

Episode Highlight: Buying Mobile Home Parks with Small Lots and Older Mobile Homes 🏘️

In this episode of The Passive Mobile Home Park Investing Podcast, Andrew Keel dives into key risks in mobile home park investing, focusing on the challenges of investing in parks with smaller lot sizes and older mobile homes—a topic often overlooked but essential for investors.

Here’s what Andrew covers in this episode:

🔹 Challenges in Sourcing and Selling Smaller Mobile Homes:
Understand why small mobile home park lots can limit housing options and affect your profitability.

🔹 Zoning and Setback Restrictions:
Learn about potential zoning hurdles that can impact mobile home park operations.

🔹 Mobile Home Life Expectancy and Maintenance:
Discover the lifespan of older mobile homes and the maintenance costs that come with these properties.

Get valuable insights and strategies to overcome these challenges and make smarter decisions in mobile home park investing! 👇

🎧 Listen now:
https://www.youtube.com/watch?v=S8u05_F79DE

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💼 Looking for personalized advice? Book a 1-on-1 consultation with Andrew Keel:

* Deal review for mobile home parks (get feedback on your own deals!)
* Guidance on mobile home park due diligence
* Tips for raising capital from investors
* Common mistakes to avoid in mobile home park investing

Schedule your consultation here: https://intro.co/AndrewKeel

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 m...

16/10/2024

🚨 NEW PODCAST RELEASE! 🚨 🎙️
Top Risks: Private vs. Public Utilities in Mobile Home Park Investing ⬇️
https://www.youtube.com/watch?v=Tscy2KJLS6U

In this episode of The Passive Mobile Home Park Investing Podcast, Andrew Keel dives into one of the most critical topics in mobile home park investing: private vs. public utilities. 🚰

Private Utilities—like well water systems, septic tanks, and lagoon sewer systems—present unique risks and operational challenges. Public utilities are often the preferred choice, but why? Andrew explains the key differences, the risks, and the due diligence needed to navigate these critical decisions. 🏘️

📌 Key Topics Covered:

🔍 Utility Due Diligence in Mobile Home Park Investing: What you need to evaluate before buying.
💧 Private Utilities: Explore well water and septic systems, and how they impact park operations.
🚩 Lagoon & Wastewater Systems: Why these could be red flags to avoid.
💡 Public Utilities: Learn why they're typically preferred in mobile home parks.
⚙️ Lift Stations: Understand their role in both private and public utility setups.
📚 MHU Reference Library: How to use Mobile Home University’s utility checklist for your due diligence process.
🔧 Aging Orangeburg Sewer Lines: The risks associated with older sewer infrastructure in 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.🏘️

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 a...

09/10/2024

🎉 New Podcast Release: Top Risks of Mobile Home Park Investing in Tertiary Markets 🎙️🔥

In this episode of the Passive Mobile Home Park Investing Podcast, host Andrew Keel dives deep into the unique challenges of investing in mobile home parks located in tertiary markets—areas with smaller populations that present both potential opportunities and risks for investors. 🏘️🧑‍🌾

Listen now to discover strategies for overcoming these risks and making informed investment decisions: 👇

https://keelteam.com/post/top-risks-mobile-home-parks-in-tertiary-markets/

Key Takeaways From This Episode:

* 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 considering mobile home park investments in tertiary markets, it's crucial to be aware of these risks and how to mitigate them effectively. 👀🏘️

DM me the word "PDF" and receive our free guide on how to passively invest in mobile home parks. Plus, book a 1-on-1 consultation with Andrew Keel to discuss:

- Deal reviews
- Due diligence questions
- Capital raising tips
- Investment mistakes to avoid, and more!

📢 | | | |

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 oppor...

07/10/2024

The The Passive Mobile Home Park Investing Podcast just went over 700 subscribers on YouTube! Huge shout out to those that follow the show. Thanks for your support. 🙏🏼

👉https://www.youtube.com/👈

02/10/2024

📣 New Podcast Release 🧨 🎙️

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

Join Andrew Keel as he 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. 👇

https://keelteam.com/post/top-risks-why-infill-low-occupancy-mobile-home-park-projects-add-risk-for-passive-investors/

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.

𝗗𝗠 𝗺𝗲 𝘁𝗵𝗲 𝘄𝗼𝗿𝗱 "𝗣𝗗𝗙" and I'll send you our free PDF on how to invest passively in mobile home parks and a link for a 1 x 1 Consultation with Andrew Keel to discuss:

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

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 pres...

25/09/2024

🔥 New Podcast Release 🔥 🎙

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

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. 👇

https://keelteam.com/post/top-risks-converting-park-owned-mobile-homes-poh-to-tenant-owned-mobile-homes-toh/

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.

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.

𝗗𝗠 𝗺𝗲 𝘁𝗵𝗲 𝘄𝗼𝗿𝗱 "𝗣𝗗𝗙" and I'll send you our free PDF on how to invest passively in mobile home parks and a link for a 1 x 1 Consultation with Andrew Keel to discuss:

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

In this episode, Andrew Keel kicks off a new mini-series on some of the top risks associated with owning a mobile home park.

19/09/2024

🚨 New Podcast Release!!! 🎙 🚨

Institutional Deals with Mike Nissley of Colliers Manufactured Housing & RV Group 🏘

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

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 , this episode is packed with expert tips and strategies to guide your success. 👇

https://keelteam.com/post/institutional-deals-with-mike-nissley-of-colliers-manufactured-housing-rv-group/

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

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

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.

06/09/2024

🚨 New Podcast Episode: Unlock Major Tax Benefits in Mobile Home Park Investments with Yonah Weiss (2024)

Join Andrew Keel as he interviews tax expert Yonah Weiss on how to maximize tax savings through cost segregation and bonus depreciation in mobile home park investments. In this episode, they dive deep into:

- The powerful impact of cost segregation for mobile home park investors 🏘️
- How to conduct a thorough cost segregation study 🔎
- Common pitfalls to avoid when implementing these tax-saving strategies
- The evolution of bonus depreciation from 2020 to 2024
- Future trends in mobile home park tax benefits and what to expect 🤔

You’ll learn actionable insights on how to optimize your investment returns by leveraging tax-saving strategies like cost segregation, understand the timing for using these methods, and recognize when they may not be the best option.

Key discussions include capital expenditures, and how diversification strengthens your mobile home park portfolio.

Don’t miss out on this expert advice from Andrew Keel and Yonah Weiss, which could transform your approach to mobile home park investing.

👇 Listen Now 👇

👉 https://keelteam.com/post/interview-with-yonah-weiss-on-mobile-home-park-investment-tax-benefits-in-2024/ 👈

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About Yonah Weiss:

As the Business Director at Madison SPECS, Yonah Weiss has helped clients save hundreds of millions of dollars through strategic tax planning. He’s a leading voice in commercial real estate tax strategies and the host of the popular Weiss Advice Podcast.

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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.

30/08/2024

🔥 New Podcast release 🎙

10 Common Due Diligence Mistakes in Mobile Home Park Investing 🔎 🏘

In this episode, Andrew takes you through 10 common 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 on how to avoid them. 🤩

Here are the 🔟 mistakes to watch out for:
1. 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.
2. 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.
3. 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.
4. 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.
5. Skipping the Phase One Environmental Inspection: This inspection is vital to uncover any potential environmental risks before purchasing.
6. 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.
7. Failing to Inspect Inside Park-Owned Mobile Homes: Thoroughly inspecting the interiors of mobile homes is essential for uncovering hidden issues.
8. Overlooking Park-Owned Mobile Home Lost Title Costs: Account for the expenses related to obtaining and managing titles for park-owned homes.
9. Neglecting to Discuss Responsibilities with the Power Company Engineer: A clear discussion with the power company engineer can prevent costly misunderstandings down the line.
10. 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 investments.

https://www.youtube.com/watch?v=QSjVXRELUEA

You can also listen to this insightful episode on:
Apple Podcasts: https://podcasts.apple.com/us/podcast/10-common-due-diligence-mistakes-in-mobile-home-park/id1520681893?i=1000666830893
Spotify: https://open.spotify.com/episode/7p06R9E7XFj2fpgmm91Hge

Please don’t forget to leave a review if you get value out of this show👍

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 mist...

14/08/2024

🔥 New Podcast Episode Alert! 🎙
Interview with John Lindley, President of the MMHA - Michigan Manufactured Housing Association 🏘

In this episode of the Passive Mobile Home Park Investing Podcast Andrew Keel sits down with John Lindley to explore the critical intersection of legislation and the mobile home park industry.

Key Topics Discussed:
- John Lindley’s path to leading the Michigan Manufactured Housing Association.
- The challenges facing the mobile home park industry amid changing legislation.
- Strategies for providing value to mobile home park community owners.
- Michigan’s housing supply crisis and how legislation can help.
- What matters most to mobile home park community owners and operators.
- Is now a good time to invest in mobile home parks in Michigan?
- The impact of diverse homes, zoning issues, and restrictive initiatives like “NIMBY” (Not In My Backyard) on the industry.
- The importance of engaging with your state’s manufactured housing association and staying informed about their advocacy efforts.

FULL EPSODE HERE: https://keelteam.com/post/interview-with-john-lindley-president-of-the-michigan-manufactured-housing-association/

Since becoming President and CEO of the Michigan Manufactured Housing, RV, and Campground Association in October 2021, John Lindley has emerged as a leading voice for the future of the manufactured housing industry.

His background as a seasoned lobbyist with Public Affairs Associates in Lansing has equipped him to navigate the complexities of government relations, making him a formidable advocate for the industry.

Don’t miss this insightful conversation—listen now!

07/08/2024

🚀 New Podcast Episode Alert:
Top Lessons Learned From Over 120+ LP Investments with Joe Fairless🎙️

In this episode of Passive Mobile Home Park Investing Podcast, Andrew Keel and Joe Fairless dive into Joe’s impressive journey of managing a real estate portfolio worth over $2.7 billion.

Together, Andrew Keel and Joe Fairless , of the Fairless Best Ever CRE brand, explore the current landscape of real estate investing, focusing on a potential : a looming undersupply in multi-family and apartment housing.
This shortage could lead to a significant housing crisis in the next 12-24 months and Andrew and Joe discuss how investors can strategically navigate and capitalize on this anticipated shift, particularly in the mobile home park sector.

Key Topics Covered:
- Passive vs. Active Investing
- Effective Portfolio Tracking 📈
- Staying Informed on Market Trends
- Joe’s Insider Tactics 🏘: Strategies for securing lucrative mobile home park deals.
- Capital Calls for Passive Investors: Understand how Joe, as an LP, approaches capital calls.
- Vetting General Partners (GPs): Tips on selecting the right partners for your investment ventures.

Tune in now to gain valuable insights and actionable strategies to thrive in the evolving mobile home park investing game with Andrew Keel and Joe Fairless! 👇

Full Episode HERE: https://keelteam.com/post/top-lessons-learned-from-over-120-lp-investments-with-joe-fairless/

Keel Team’s official website: https://www.keelteam.com/

02/08/2024

🔥 New Podcast Release! 🔥
Did you know that by buying an 80 lot mobile home park in a good market and simply raising rents $30/ year for 3 years, you can make $1 million?

It seems simple, but in this episode I unravel why this is NOT A GUARANTEE.

https://keelteam.com/post/how-to-make-a-million-dollars-buying-a-mobile-home-park/

In This Episode, Andrew Keel defines what he thinks a prime market looks like for mobile home parks by focusing on things like poverty levels, population dynamics, top employers, and market rents.

Andrew talks about current mobile home park investment costs and the potential returns, the impact of higher interest rates, and what to expect if they decrease.

Andrew also highlights the significance of understanding the value of a single occupied mobile home park lot and emphasizes the importance of thorough due diligence and partnering with experienced investor operators to make a million dollars in this niche investment arena.

You can also listen to this insightful episode on:
YouTube: https://youtu.be/subPBrRTMYI

Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-make-a-million-dollars-buying-a-mobile-home-park/id1520681893?i=1000664147708

Spotify: https://open.spotify.com/episode/1eR6psyCzFjCMzLDn2TqtA

Please don’t forget to leave a review if you get value out of this show👍

In this episode of the Passive Mobile Home Park Investing Podcast our host Andrew Keel guides us through the seemingly simple process of making a million dollars buying a mobile home park.

04/07/2024

From Our Family to Yours....
Wishing a blessed and memorable 4th of July '24.