Welcome to Episode 111 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In this last and final installment, Jefferson wraps up his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series.
Key Takeaways:
[1:05] Sam noticed that young people were delaying marriage in the early 2000’s and staying in ‘24-hour cities.’ So, he redistributed his capital.
[4:15] In 2006, Sam bought the Chicago Tribune newspaper and gave his staff skin in the game.
[6:20] Sam believes in globalization and has increased his international investments over the years.
[7:20] However, Sam is not a fan of Europe due to too many pensioners, which he predicts would mean for higher taxes.
[10:40] How was Sam able to grow his business to the next level?
[11:40] Sam doesn’t want to be treated like a boss and he makes sure he is not surrounded by ‘yes men.’
[12:05] What is Sam’s hiring process?
[14:10] Can entrepreneurship be taught? Sam believes that people have an entrepreneurial gene and that it’s stronger in some than others.
[15:10] You cannot be successful without giving to others.
[16:55] Jefferson lists nine of Sam’s philosophy principles for success.
[25:45] Jefferson recommends the book! If you happen to know Sam, Jefferson would love to interview him.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 111 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In this last and final installment, Jefferson wraps up his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series.
Key Takeaways:
[1:05] Sam noticed that young people were delaying marriage in the early 2000’s and staying in ‘24-hour cities.’ So, he redistributed his capital.
[4:15] In 2006, Sam bought the Chicago Tribune newspaper and gave his staff skin in the game.
[6:20] Sam believes in globalization and has increased his international investments over the years.
[7:20] However, Sam is not a fan of Europe due to too many pensioners, which he predicts would mean for higher taxes.
[10:40] How was Sam able to grow his business to the next level?
[11:40] Sam doesn’t want to be treated like a boss and he makes sure he is not surrounded by ‘yes men.’
[12:05] What is Sam’s hiring process?
[14:10] Can entrepreneurship be taught? Sam believes that people have an entrepreneurial gene and that it’s stronger in some than others.
[15:10] You cannot be successful without giving to others.
[16:55] Jefferson lists nine of Sam’s philosophy principles for success.
[25:45] Jefferson recommends the book! If you happen to know Sam, Jefferson would love to interview him.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 110 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In part 2, Jefferson continues his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series.
Key Takeaways:
[1:40] Sam recognized there was an unfilled demand in secondary and tertiary markets.
[2:45] At 24 years old, Sam had already made a million dollars in today’s money.
[3:30] Sam applied to 43 law firms and got rejected at all of them. He had no idea why!
[6:15] Just off of referrals alone, Sam was making 3x what junior partners were making at a small law firm.
[7:40] Sam met billionaire real estate mogul, Jay Pritzker and Jay would later become his mentor.
[11:05] For the first 10 years of business, Sam had a relatively small team and he split profits with everyone, including the secretary.
[14:10] Sam predicted there would be a real estate crash due to how easy it was to lend money in commercial real estate.
[23:15] In the late 80’s, Sam warned that there were structural changes happening in the real estate market and predicted another crash.
[26:45] How did Sam discover mobile home parks?
[30:15] In 2005, Sam and his company began to diversity in RV parks.
[31:45] Stay tuned for part 3!
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 110 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In part 2, Jefferson continues his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series.
Key Takeaways:
[1:40] Sam recognized there was an unfilled demand in secondary and tertiary markets.
[2:45] At 24 years old, Sam had already made a million dollars in today’s money.
[3:30] Sam applied to 43 law firms and got rejected at all of them. He had no idea why!
[6:15] Just off of referrals alone, Sam was making 3x what junior partners were making at a small law firm.
[7:40] Sam met billionaire real estate mogul, Jay Pritzker and Jay would later become his mentor.
[11:05] For the first 10 years of business, Sam had a relatively small team and he split profits with everyone, including the secretary.
[14:10] Sam predicted there would be a real estate crash due to how easy it was to lend money in commercial real estate.
[23:15] In the late 80’s, Sam warned that there were structural changes happening in the real estate market and predicted another crash.
[26:45] How did Sam discover mobile home parks?
[30:15] In 2005, Sam and his company began to diversity in RV parks.
[31:45] Stay tuned for part 3!
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Welcome to Episode 109 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In a first ever for this podcast, Jefferson does a book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read his book for Sam’s real estate and mobile home knowledge and shares what he has learned in a 3-part series.
Key Takeaways:
[2:40] Jefferson shares why he decided to read Sam’s book.
[5:20] Sam basically invented business casual back in the 1970s and wore jeans to work.
[6:00] Jefferson explains the types of investments Sam has made over the years.
[8:25] Sam has lived through several real estate crises.
[11:20] A bit of background about Sam and his family.
[15:00] Sam has issues with being called ‘self-made’
[17:25] How did Sam get in real estate?
[21:50] Sam became a homeowner for the first time in 1965 at 24 years of age.
[26:25] Jefferson shares Sam’s thoughts on persistence.
[29:45] Ask the right questions to get the deal done.
[31:50] Find out more next week!
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Email: andrew@keelteam.com
Welcome to Episode 108 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In a first ever for this podcast, Jefferson does a book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read his book for Sam’s real estate and mobile home knowledge and shares what he has learned in a 3-part series.
Key Takeaways:
[2:40] Jefferson shares why he decided to read Sam’s book.
[5:20] Sam basically invented business casual back in the 1970s and wore jeans to work.
[6:00] Jefferson explains the types of investments Sam has made over the years.
[8:25] Sam has lived through several real estate crises.
[11:20] A bit of background about Sam and his family.
[15:00] Sam has issues with being called ‘self-made’
[17:25] How did Sam get in real estate?
[21:50] Sam became a homeowner for the first time in 1965 at 24 years of age.
[26:25] Jefferson shares Sam’s thoughts on persistence.
[29:45] Ask the right questions to get the deal done.
[31:50] Find out more next week!
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Email: andrew@keelteam.com
Welcome to Episode 108 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson invites Andrew Keel to share his story as a new park owner. Andrew discusses how he found his first mobile home, the resources he uses to find new tenants and the nitty-gritty details that go into owning and managing a park!
Key Takeaways:
[2:05] What did Andrew do prior to mobile home parks?
[5:45] Andrew explains how he found his first mobile home park.
[6:55] What kind of relationship did Andrew have with the park owner?
[10:35] What kind of diligence did Andrew do for the park before purchasing it?
[13:30] Andrew shares the business plan he had for the park.
[15:50] How did Andrew find the service providers he needed to take care of the park from a different part of the state?
[18:25] Why did Andrew decide to keep the previous property manager?
[20:00] Andrew shares why he uses Venmo and how it works with his bank accounts.
[23:15] How does Andrew market his properties?
[26:30] How many people are on Andrew’s team?
[28:30] Andrew shares lessons learned and mistakes he’s made.
[30:30] What are Andrew’s plans for the future?
[31:10] What advice does Andrew have for newbies?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Email: andrew@keelteam.com
Welcome to Episode 108 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson invites Andrew Keel to share his story as a new park owner. Andrew discusses how he found his first mobile home, the resources he uses to find new tenants and the nitty-gritty details that go into owning and managing a park!
Key Takeaways:
[2:05] What did Andrew do prior to mobile home parks?
[5:45] Andrew explains how he found his first mobile home park.
[6:55] What kind of relationship did Andrew have with the park owner?
[10:35] What kind of diligence did Andrew do for the park before purchasing it?
[13:30] Andrew shares the business plan he had for the park.
[15:50] How did Andrew find the service providers he needed to take care of the park from a different part of the state?
[18:25] Why did Andrew decide to keep the previous property manager?
[20:00] Andrew shares why he uses Venmo and how it works with his bank accounts.
[23:15] How does Andrew market his properties?
[26:30] How many people are on Andrew’s team?
[28:30] Andrew shares lessons learned and mistakes he’s made.
[30:30] What are Andrew’s plans for the future?
[31:10] What advice does Andrew have for newbies?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Email: andrew@keelteam.com