Info

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.
RSS Feed Subscribe in Apple Podcasts
Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
2019
February
January


2018
December
November
October
September
June
May
April
March
February
January


2017
December
November
October
September
August
July
June
May
April
March
February


2016
December
November
October
September
August
July
June
May
April
March
February
January


2015
December


All Episodes
Archives
Now displaying: Page 1
Jun 29, 2017

Welcome to Episode 61 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad is off this week, which leaves just Jefferson as today’s host. How do mobile home park owners increase the value of their property? That’s exactly the topic that Eric Hanson, MAI will be discussing on today’s show. Erik is the Executive Vice President of Midwest Appraisal Group, and works specifically in appraising the mobile home park industry. Listen in as Erik has some advice for all you park owners out there on how to retain, and increase, your park value.

 

Key Takeaways:

[2:40] How did Erik Hanson first get involved in mobile home park appraisals?

[8:20] Erik has MAI in his official title, what do those letters mean and how does someone get that type of certification?

[10:45] When evaluating properties, do the banks ever try to influence Erik into giving them a higher value estimate (so that they can charge more interest)?

[13:15] What are some of the steps to appraise a mobile home park?

[18:45] Erik runs a ‘potential gross income’ report to see what’s the maximum amount of income the property can make.

[20:25] Since Erik has appraised a lot of parks, he typically can see right off the bat where all the mobile home park expenses should be.

[23:45] Join us next week for part 2 of this interview!

 

Mentioned in This Episode:

Park Street Partners

Investment Opportunities

Park Street Partners Business Resources

LinkedIn: Mobile Home Park Investors Group

Send deals to: deals@parkstreetpartners.net

 

0 Comments
Adding comments is not available at this time.