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Mobile Home Park Investors with Jefferson Lilly & Brad Johnson

The Mobile Home Park Investors Podcast is the world’s first podcast dedicated to mobile home park investing. This weekly podcast explains the intricacies of this unique real estate niche and details why an investor would want to own a mobile home park, either directly or through a real estate fund. Current manufactured housing community owners will find this podcast helpful in improving their mobile home park’s operations and profitability. The Podcast is hosted by Jefferson Lilly and Brad Johnson who are the co-founders of Park Street Partners, a private real estate investment firm focused on mobile home parks. The company seeks to deliver its investors superior cash flow returns by acquiring and investing in undervalued mobile home parks. Park Street Partners does this while helping to solve America’s affordable housing crisis by improving communities and increasing the supply of housing in the markets it operates in.
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Feb 9, 2017

Welcome to episode 45 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson and Brad dive right in on how to hire the right property manage for your mobile home park. What do Jefferson and Brad look for in a manager? Find out today!

 

Key Takeaways:

[2:00] You have to hire somebody with integrity.

[2:25] When Jefferson and Brad acquire a new property, they’re open to keeping the same manager.

[5:30] Jefferson dives into how he finds good talent.

[7:15] Despite looking for new managers, Jefferson and Brad decided to keep the current one for this particular property, because she had fire in her belly and knew the properties well.

[8:15] Managers who are in charge of the checkbooks can be dangerous.

[8:45] You can tell a lot about somebody based on the condition of their house. Managers with well-kept homes know what to look for.

[11:10] Jefferson and Brad don’t usually have full-time managers, but some parks do need them.

[15:30] Very few mobile home parks need a dedicated office for the manager.

[16:40] Jefferson likes it when a manager has good tech on them.

[19:20] Managers don’t need to have deep experience in order to be qualified.

[20:00] Basic people skills, common sense, and a good work ethic is all you need in a manager.

 

Mentioned in This Episode:

Park Street Partners www.parkstreetpartners.com

Mobile Home Park Investors www.mobilehomeparkinvestors.com

 

Investment Opportunities

Park Street Partners Business Resources

LinkedIn: Mobile Home Park Investors Group

Send deals to: deals@parkstreetpartners.net

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