Welcome to Episode 86 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This episode is a continuation of last week’s interview with Ben Braband, a park owner who owns 2,300 pads and has been in business for the last 12 years. On the show, Ben shares how he organizes and manages his mobile homes and where he sees his business heading in the future.
Key Takeaways:
[1:40] With 2,300, how does Ben keep organized?
[5:20] How empowered are Ben’s managers? What do they handle?
[7:45] How does Ben compensate his managers?
[16:40] Would Ben like to grow and expand his business in the next couple of years?
[17:45] How does Ben approach his deal sourcing opportunities?
[18:55] Does Ben plan on selling anytime soon?
[20:40] How has Ben involved his kids in the business that they may inherit one day?
[22:25] What advice does Ben have for those who want to get into the business?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
WWTP Inspections and Reporting
Welcome to Episode 86 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This episode is a continuation of last week’s interview with Ben Braband, a park owner who owns 2,300 pads and has been in business for the last 12 years. On the show, Ben shares how he organizes and manages his mobile homes and where he sees his business heading in the future.
Key Takeaways:
[1:40] With 2,300, how does Ben keep organized?
[5:20] How empowered are Ben’s managers? What do they handle?
[7:45] How does Ben compensate his managers?
[16:40] Would Ben like to grow and expand his business in the next couple of years?
[17:45] How does Ben approach his deal sourcing opportunities?
[18:55] Does Ben plan on selling anytime soon?
[20:40] How has Ben involved his kids in the business that they may inherit one day?
[22:25] What advice does Ben have for those who want to get into the business?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
WWTP Inspections and Reporting
Welcome to Episode 85 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Ben Braband is a fellow park owner who owns 2,300 pads. On the show, Ben shares some of his personal experiences about park ownership and what he’s learned about being a park owner for the last 12 years.
Key Takeaways:
[1:20] What did Ben do before buying his first mobile home park?
[5:35] What kind of seminars did Ben attend to help him with his mobile home park?
[7:00] How did Ben find his first park?
[10:30] At about 12 years in this business so far, Ben has a total of 2,300 pads.
[12:40] What are Ben’s acquisitions criteria and how have they evolved over the years?
[21:00] The bulk of Ben’s properties rely on city water and sewer, but they do have parks that rely on well-water also.
[21:35] How did Ben do his due diligence on his wastewater treatment plant?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
WWTP Inspections and Reporting
Welcome to Episode 85 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Ben Braband is a fellow park owner who owns 2,300 pads. On the show, Ben shares some of his personal experiences about park ownership and what he’s learned about being a park owner for the last 12 years.
Key Takeaways:
[1:20] What did Ben do before buying his first mobile home park?
[5:35] What kind of seminars did Ben attend to help him with his mobile home park?
[7:00] How did Ben find his first park?
[10:30] At about 12 years in this business so far, Ben has a total of 2,300 pads.
[12:40] What are Ben’s acquisitions criteria and how have they evolved over the years?
[21:00] The bulk of Ben’s properties rely on city water and sewer, but they do have parks that rely on well-water also.
[21:35] How did Ben do his due diligence on his wastewater treatment plant?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
WWTP Inspections and Reporting
Welcome to Episode 84 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Crystal Adkins is the Founder and Editor of Mobile Home Living. The website was inspired when she was unable to find any remodeling ideas for her recently bought a mobile home. So, she decided to take matters into her own hands and start her own online magazine!
Key Takeaways:
[2:40] What did Crystal do before joining Mobile Home Living?
[4:15] When Crystal first owned a mobile home, there weren’t any websites out there that had any mobile home remodeling ideas, so she decided to create her own website.
[5:20] What is Crystal’s online magazine about?
[7:15] Crystal wasn’t a writer when she first started her website. After 6 years of being in business, she decided it was time to hire extra help this year.
[10:25] What kind of feedback has Crystal received over the years?
[11:45] What are the top 3 most read articles on Crystal’s site?
[15:25] Does Crystal write articles catering specifically to mobile home park owners?
[18:20] Does Crystal ever want to be a park owner?
[20:35] Crystal shares her final thoughts about mobile home parks and the people who live in them.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 84 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Crystal Adkins is the Founder and Editor of Mobile Home Living. The website was inspired when she was unable to find any remodeling ideas for her recently bought a mobile home. So, she decided to take matters into her own hands and start her own online magazine!
Key Takeaways:
[2:40] What did Crystal do before joining Mobile Home Living?
[4:15] When Crystal first owned a mobile home, there weren’t any websites out there that had any mobile home remodeling ideas, so she decided to create her own website.
[5:20] What is Crystal’s online magazine about?
[7:15] Crystal wasn’t a writer when she first started her website. After 6 years of being in business, she decided it was time to hire extra help this year.
[10:25] What kind of feedback has Crystal received over the years?
[11:45] What are the top 3 most read articles on Crystal’s site?
[15:25] Does Crystal write articles catering specifically to mobile home park owners?
[18:20] Does Crystal ever want to be a park owner?
[20:35] Crystal shares her final thoughts about mobile home parks and the people who live in them.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 83 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down to do a quick recap of the 2017 National Communities Council that he attended in Chicago. It’s a great place to get industry-related news as well as to network!
Key Takeaways:
[1:35] Around 400-500 attendees showed up at this years NCC trade show.
[3:00] Hopefully we will see less regulation in the next couple of years.
[5:15] Jefferson attended a seminar about using technology tools (ManageAmerica) to better manage your mobile home park.
[7:25] ManageAmerica, like RentManager, works with cheque scanners!
[9:55] There was a panel on how you can better manage natural disasters.
[12:25] If you want to help the victims of East Texas, please use a reputable charity that’s helping those in need.
[14:55] It is estimated that Florida has had over 2.5m claims for assistance, and 1/3 of those have been served. 2/3 of people who have been hit by hurricane Irma are still waiting for government assistance.
[15:50] The government (Florida and Texas) is being extremely incentive towards mobile home tenants who have recently been knocked on their backs from the hurricane.
[18:25] Encourage your residents to get flood insurance. Most mobile home insurance plans don’t come with flooding.
[19:00] Jefferson recommends you attend next year’s NCC event, especially for networking!
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 82 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Michael Montiero and his co-founder founded Buildium in 2004 after being unable to see the exact amount their tenants were paying in rent each month. Their product fixed a critical pain point for them and they have since branched out to help other small to medium business owners in the same position. Find out how a product like Buildium can help you keep track of your rents!
Key Takeaways:
[3:25] What did Michael do before joining Buildium?
[6:35] Did Michael ever raise VC money for Buildium or has it always been bootstrapped?
[7:25] What problem did Buildium first solve when it was built in 2004 and how has the product evolved today?
[9:40] Who primarily uses this product? Property managers?
[12:30] Does Buildium have late notices with the right legal language in them based on the state the customer is in?
[14:40] How does Michael get feedback from the customers who use his product?
[17:55] Michael does a quick case study on how a product like his can benefit mobile home park owners.
[21:00] How does Buildium handle meter readings?
[23:55] Michael’s product can actually get you leads. He explains how!
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 82 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Michael Montiero and his co-founder founded Buildium in 2004 after being unable to see the exact amount their tenants were paying in rent each month. Their product fixed a critical pain point for them and they have since branched out to help other small to medium business owners in the same position. Find out how a product like Buildium can help you keep track of your rents!
Key Takeaways:
[3:25] What did Michael do before joining Buildium?
[6:35] Did Michael ever raise VC money for Buildium or has it always been bootstrapped?
[7:25] What problem did Buildium first solve when it was built in 2004 and how has the product evolved today?
[9:40] Who primarily uses this product? Property managers?
[12:30] Does Buildium have late notices with the right legal language in them based on the state the customer is in?
[14:40] How does Michael get feedback from the customers who use his product?
[17:55] Michael does a quick case study on how a product like his can benefit mobile home park owners.
[21:00] How does Buildium handle meter readings?
[23:55] Michael’s product can actually get you leads. He explains how!
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 81 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This week, Jefferson interviews Rich Rice, the CEO of Adventure Homes. Rich discusses their custom building process, what’s different about their homes today vs. four years ago, and how a mobile home owner can work with Rich!
Key Takeaways:
[2:15] What did Rich do before he joined the mobile home manufacturing industry?
[5:15] In 2017, Adventure Homes should exceed $47 million in total sales with close to an 8% net profit.
[6:45] What’s different about the mobile home parks Rich and his team produce today vs. the first four years of Adventure’s existence?
[9:55] The important thing to remember is Adventure is a production facility, just like GM or Ford.
[12:05] When Rich is designing these mobile homes, does he use an interior designer of sorts?
[14:30] Rich talks about the quality of their mobile homes.
[18:05] How long does it take to get a mobile home approved through HUD?
[23:10] What kinds of trends has Rich noticed in the manufacturing home industry? What should people be prepared for in the next five years?
[26:10] Baby boomers are looking to downsize their houses and manufactured houses have been an excellent option for them.
[27:55] What happens if there’s a community owner that wants a mobile house but is not affiliated with one of Rich’s dealers (who he only works with)? How would they acquire houses from him?
[29:35] Does Rich work with people all over the U.S. or just in certain states? What is his shipping range?
[30:40] Does Rich provide financing options or does the owner need to come up with their own financing?
[33:10] Rich discusses the work that he did with the Paralympic Goalball USA team. He is very proud that his company could help them with their housing needs.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 81 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This week, Jefferson interviews Rich Rice, the CEO of Adventure Homes. Rich discusses their custom building process, what’s different about their homes today vs. four years ago, and how a mobile home owner can work with Rich!
Key Takeaways:
[2:15] What did Rich do before he joined the mobile home manufacturing industry?
[5:15] In 2017, Adventure Homes should exceed $47 million in total sales with close to an 8% net profit.
[6:45] What’s different about the mobile home parks Rich and his team produce today vs. the first four years of Adventure’s existence?
[9:55] The important thing to remember is Adventure is a production facility, just like GM or Ford.
[12:05] When Rich is designing these mobile homes, does he use an interior designer of sorts?
[14:30] Rich talks about the quality of their mobile homes.
[18:05] How long does it take to get a mobile home approved through HUD?
[23:10] What kinds of trends has Rich noticed in the manufacturing home industry? What should people be prepared for in the next five years?
[26:10] Baby boomers are looking to downsize their houses and manufactured houses have been an excellent option for them.
[27:55] What happens if there’s a community owner that wants a mobile house but is not affiliated with one of Rich’s dealers (who he only works with)? How would they acquire houses from him?
[29:35] Does Rich work with people all over the U.S. or just in certain states? What is his shipping range?
[30:40] Does Rich provide financing options or does the owner need to come up with their own financing?
[33:10] Rich discusses the work that he did with the Paralympic Goalball USA team. He is very proud that his company could help them with their housing needs.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com