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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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Sep 6, 2018

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

Investment Opportunities

Park Street Partners Business Resources

LinkedIn: Mobile Home Park Investors Group

Send deals to Deals@parkstreetpartners.com

Keelteam.com

Email: andrew@keelteam.com

Venmo.com

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