Welcome to Episode 103 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brian Trippe purchased his first mobile home park three years ago by chance phone call from the owner. Already a wholesale investor, Brian was curious to learn more about mobile homes and see what they could offer. On today’s show, Brian shares how he bought the park, cares for his tenants, and why he decided to sell it once he was done with the rehab process.
Key Takeaways:
[2:45] What did Brian do before he got into mobile home parks?
[4:35] Brian shares the story of his first real estate purchase.
[8:00] Brian wasn’t really looking for a mobile home park when he bought his first one.
[11:25] What’s was the park like when Brian first bought it?
[13:50] The newest homes in the park were in the early ’80s.
[22:15] How does Brian manage his park?
[26:55] What advice does Brian have for himself on mistakes that could have been avoided?
[31:55] Brian has not spent a dime of his own money rehabbing this park.
[32:40] What’s next for Brian?
[36:10] Brian has a new book out called, Nothing’s For Sale.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 103 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brian Trippe purchased his first mobile home park three years ago by chance phone call from the owner. Already a wholesale investor, Brian was curious to learn more about mobile homes and see what they could offer. On today’s show, Brian shares how he bought the park, cares for his tenants, and why he decided to sell it once he was done with the rehab process.
Key Takeaways:
[2:45] What did Brian do before he got into mobile home parks?
[4:35] Brian shares the story of his first real estate purchase.
[8:00] Brian wasn’t really looking for a mobile home park when he bought his first one.
[11:25] What’s was the park like when Brian first bought it?
[13:50] The newest homes in the park were in the early ’80s.
[22:15] How does Brian manage his park?
[26:55] What advice does Brian have for himself on mistakes that could have been avoided?
[31:55] Brian has not spent a dime of his own money rehabbing this park.
[32:40] What’s next for Brian?
[36:10] Brian has a new book out called, Nothing’s For Sale.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 102 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Sonya Salamon and Katherine MacTavish have been researching mobile home parks and the tenants in them, and now have published a book. On today’s show, Sonya and Katherine share their findings with the audience and discuss everything from quality of life, finances, tenant aspirations, and more.
Key Takeaways:
[3:20] How did Sonya and Katherine get into mobile home park research?
[5:05] How did Sonya and Katherine find people to interview and study?
[10:55] What were some of the key findings when researching the three mobile home parks in geographically and ethnically different areas?
[14:45] How does growing up in a mobile home park impact the wellbeing and career choices of the children living there?
[19:45] In what ways did the children flourish?
[21:35] How did Sonya and Katherine find these three park owners?
[24:55] Sonya and Katherine studied how each of the tenants in these mobile home parks managed their finances. What did they discover?
[27:05] Why did these folks decide to live in a mobile home park?
[31:15] Are mobile home tenants unhappy that they’re living in a mobile home?
[32:40] Can people really form a community when somebody else is forming all the rules?
[41:25] Mobile homes are a private solution to a really pressing public house need.
[43:05] Sonya and Katherine offer their final thoughts.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Todd Foster’s Podcast Interview
Email Katherine: Katherine.MacTavish@oregonstate.edu
Welcome to Episode 102 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Sonya Salamon and Katherine MacTavish have been researching mobile home parks and the tenants in them, and now have published a book. On today’s show, Sonya and Katherine share their findings with the audience and discuss everything from quality of life, finances, tenant aspirations, and more.
Key Takeaways:
[3:20] How did Sonya and Katherine get into mobile home park research?
[5:05] How did Sonya and Katherine find people to interview and study?
[10:55] What were some of the key findings when researching the three mobile home parks in geographically and ethnically different areas?
[14:45] How does growing up in a mobile home park impact the wellbeing and career choices of the children living there?
[19:45] In what ways did the children flourish?
[21:35] How did Sonya and Katherine find these three park owners?
[24:55] Sonya and Katherine studied how each of the tenants in these mobile home parks managed their finances. What did they discover?
[27:05] Why did these folks decide to live in a mobile home park?
[31:15] Are mobile home tenants unhappy that they’re living in a mobile home?
[32:40] Can people really form a community when somebody else is forming all the rules?
[41:25] Mobile homes are a private solution to a really pressing public house need.
[43:05] Sonya and Katherine offer their final thoughts.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Todd Foster’s Podcast Interview
Email Katherine: Katherine.MacTavish@oregonstate.edu
Welcome to Episode 101 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. On today’s podcast, Jefferson shares his first-hand experience at buying an ‘easy-to-fill’ mobile home park. It was his second mobile home park that he had bought and he ended up walking away with a lot of wise experience from that purchase.
Key Takeaways:
[1:20] Jefferson shares a story of what happened in the due diligence process when he bought his second mobile home park.
[1:45] How do you fill your park with new tenants?
[4:25] By not running a background check, the previous owner was allowing a very rough tenant base.
[6:00] Beware of the very easy-to-fill mobile home park. It could be a warning sign.
[7:45] Make sure the previous owner is running a background check on their tenants and accepting safety deposits.
[8:35] When Jefferson bought that park, it was 100% full. However, it had a lot of unsavory types in it and about 50% of the tenants turned over during the first 12 months.
[10:30] As part of your due diligence, always ask for at least a year’s worth of bank statements.
[11:05] You want tenants with skin in the game.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 101 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. On today’s podcast, Jefferson shares his first-hand experience at buying an ‘easy-to-fill’ mobile home park. It was his second mobile home park that he had bought and he ended up walking away with a lot of wise experience from that purchase.
Key Takeaways:
[1:20] Jefferson shares a story of what happened in the due diligence process when he bought his second mobile home park.
[1:45] How do you fill your park with new tenants?
[4:25] By not running a background check, the previous owner was allowing a very rough tenant base.
[6:00] Beware of the very easy-to-fill mobile home park. It could be a warning sign.
[7:45] Make sure the previous owner is running a background check on their tenants and accepting safety deposits.
[8:35] When Jefferson bought that park, it was 100% full. However, it had a lot of unsavory types in it and about 50% of the tenants turned over during the first 12 months.
[10:30] As part of your due diligence, always ask for at least a year’s worth of bank statements.
[11:05] You want tenants with skin in the game.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 100 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is celebrating the big 100th episode by giving you a quick and helpful guide to the last 99 episodes. He lists some of his top favorite/most useful podcasts for someone who might be in the beginning stages of buying a park all the way to someone getting ready to sell their park.
Key Takeaways:
[1:30] Thank you for listening! This is episode 100! Let’s do a quick recap of the past 0-99 episodes for those first-time listeners out there.
[3:15] If you’re an investor or considering on investing in mobile home parks, listen to episode 1-3, 19-20, 74-76.
[5:25] Want to buy your own mobile home park? Listen to the first 20 episodes, then 23-24, 90.
[7:25] When you’re about to scale up and have to manage employees, listen to episode 56, 73, 79-80, 93-94, 97-99.
[12:15] If you’re a park owner and thinking about selling, listen to episodes 52-53, 66-67.
[14:00] Know of a mobile home park for sale? Give Jefferson a call and listen to episode 14.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 100 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is celebrating the big 100th episode by giving you a quick and helpful guide to the last 99 episodes. He lists some of his top favorite/most useful podcasts for someone who might be in the beginning stages of buying a park all the way to someone getting ready to sell their park.
Key Takeaways:
[1:30] Thank you for listening! This is episode 100! Let’s do a quick recap of the past 0-99 episodes for those first-time listeners out there.
[3:15] If you’re an investor or considering on investing in mobile home parks, listen to episode 1-3, 19-20, 74-76.
[5:25] Want to buy your own mobile home park? Listen to the first 20 episodes, then 23-24, 90.
[7:25] When you’re about to scale up and have to manage employees, listen to episode 56, 73, 79-80, 93-94, 97-99.
[12:15] If you’re a park owner and thinking about selling, listen to episodes 52-53, 66-67.
[14:00] Know of a mobile home park for sale? Give Jefferson a call and listen to episode 14.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 99 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Spencer Roane is the Founder of SECO, a mobile home park conference that caters to expert mobile home parks owners and novices. This is interview part two so be sure to listen to last week’s show (if you haven’t already) to find out more about Spencer. Today, Spencer shares details about his SECO (South East Community Owners) Conference and why he is starting a community chattel finance program.
Key Takeaways:
[1:25] Why did Spencer start SECO?
[3:25] How many SECO Conferences has Spender held so far?
[5:50] Spencer has already sold out all the exhibit space for 2018.
[6:45] How does Spencer manage the conferences?
[7:55] Spencer shares how he markets the conference.
[10:35] Spencer is working on a community chattel finance program. What is it about?
[16:40] When does this program take place?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Secoconference.com
Email Spencer: SpencerRoane@SECOConference.com
Call Spencer: 678-428-0212
Welcome to Episode 99 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Spencer Roane is the Founder of SECO, a mobile home park conference that caters to expert mobile home parks owners and novices. This is interview part two so be sure to listen to last week’s show (if you haven’t already) to find out more about Spencer. Today, Spencer shares details about his SECO (South East Community Owners) Conference and why he is starting a community chattel finance program.
Key Takeaways:
[1:25] Why did Spencer start SECO?
[3:25] How many SECO Conferences has Spender held so far?
[5:50] Spencer has already sold out all the exhibit space for 2018.
[6:45] How does Spencer manage the conferences?
[7:55] Spencer shares how he markets the conference.
[10:35] Spencer is working on a community chattel finance program. What is it about?
[16:40] When does this program take place?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Secoconference.com
Email Spencer: SpencerRoane@SECOConference.com
Call Spencer: 678-428-0212