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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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Now displaying: November, 2018
Nov 29, 2018

Welcome to Episode 115 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Denny Stone is based out of San Diego, California and is the owner of So Cal Vintage Trailer, which restores vintage trailers to running and functional condition. Denny shares his restoration process, what he likes about these vintage trailers and the types of people who are most attracted to these trailers.

 

Key Takeaways:

[1:30] What did Denny do before he got into vintage RVs?

[2:55] How does Denny find his trailers?

[5:35] How long does it typically take to renovate a trailer?

[7:50] How does Denny find the right parts for the vintage trailers?

[10:10] Denny shares how he finds his talent and what the process looks like.

[15:20] What makes a Spartan trailer different than the ones available today?

[19:10] What other brands of trailers does Denny work on?

[20:25] How much does the average restoration cost?

[23:25] What kinds of modern upgrades does Denny add to these trailers?

[25:45] Are there some aspects of the trailers in the 40s and 50s built better than trailers today?

[28:50] Does Denny work on any mobile homes?

[30:25] There are three types of markets or people who buy these types of trailers.

[34:35] Denny shares some funny restoration stories.

[36:15] Does Denny do any modifications for pets?

 

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

Socalvintagetrailer.com

Call Denny: 619-857-1847

Nov 29, 2018

Welcome to Episode 115 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Denny Stone is based out of San Diego, California and is the owner of So Cal Vintage Trailer, which restores vintage trailers to running and functional condition. Denny shares his restoration process, what he likes about these vintage trailers and the types of people who are most attracted to these trailers.

Key Takeaways:

[1:30] What did Denny do before he got into vintage RVs?

[2:55] How does Denny find his trailers?

[5:35] How long does it typically take to renovate a trailer?

[7:50] How does Denny find the right parts for the vintage trailers?

[10:10] Denny shares how he finds his talent and what the process looks like.

[15:20] What makes a Spartan trailer different than the ones available today?

[19:10] What other brands of trailers does Denny work on?

[20:25] How much does the average restoration cost?

[23:25] What kinds of modern upgrades does Denny add to these trailers?

[25:45] Are there some aspects of the trailers in the 40s and 50s built better than trailers today?

[28:50] Does Denny work on any mobile homes?

[30:25] There are three types of markets or people who buy these types of trailers.

[34:35] Denny shares some funny restoration stories.

[36:15] Does Denny do any modifications for pets?

 

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

Socalvintagetrailer.com

Call Denny: 619-857-1847

Nov 22, 2018

Welcome to Episode 114 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is back with another SECO Trade Show Recap. Find out more about some of the interesting things that were featured in this year’s conference and we hope to see you next year!

 

Key Takeaways:

[1:00] This week, Jefferson is doing a review of the SECO Conference he just attended last month.

[1:50] The conference first started off with a session on social media marketing that was very interesting and filled with some great resources.

[4:25] The next session was about five key ways to bringing in new homes.

[7:00] There’s really always a risk and that includes even doing nothing.

[8:30] Craigslist tends to attract a lower quality tenant, so it’s best to advertise on Facebook, Zillow, Instagram, and Mhvillage instead.

[12:10] The next session was about internet marketing and the importance of mobile-friendly websites.

[13:35] It is estimated that by 2020, all search will be done by voice.

[15:45] HUD has filed a complaint against Facebook for violating fair housing.

[18:25] Video media still dominates the internet!

[20:15] Credit Human was there and they directly lend to mobile home owners.

[21:10] Next session was about lessons that were learned from new park owners.

[23:55] Have conversations with your tenants! Don’t make improvements that they won’t want.

[25:15] The next talk was about determining the value of your mobile home park.

[27:00] Thinking of selling? Plan a year or two in advance.

[31:05] You should have roughly 10% of the purchase price in cash reserves when you purchase a property.

[32:25] Ozone generators are a great way to remove smells from a house as well as kill bed bugs.

[33:05] Jefferson lists some excellent resources for mobile home financing.

[34:55] Like what you heard? Please rate us on iTunes!

 

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

Secoconference.com

Mhvillage.com

Nos.twnsnd.co

Hootsuite.com

Purechat.com

Fourleafprop.com

Buy.matterport.com

Usertesting.com

Gatherup.com

Sproutsocial.com

Adespresso.com

Rightcolumn.com

Credithuman.com

Rustiquerapidwall.com

Designcrowd.com

Freelancer.com

Renttext.com

Americancommercebank.com

Vmf.com

Nov 22, 2018

Welcome to Episode 114 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is back with another SECO Trade Show Recap. Find out more about some of the interesting things that were featured in this year’s conference and we hope to see you next year!

 

Key Takeaways:

[1:00] This week, Jefferson is doing a review of the SECO Conference he just attended last month.

[1:50] The conference first started off with a session on social media marketing that was very interesting and filled with some great resources.

[4:25] The next session was about five key ways to bringing in new homes.

[7:00] There’s really always a risk and that includes even doing nothing.

[8:30] Craigslist tends to attract a lower quality tenant, so it’s best to advertise on Facebook, Zillow, Instagram, and Mhvillage instead.

[12:10] The next session was about internet marketing and the importance of mobile-friendly websites.

[13:35] It is estimated that by 2020, all search will be done by voice.

[15:45] HUD has filed a complaint against Facebook for violating fair housing.

[18:25] Video media still dominates the internet!

[20:15] Credit Human was there and they directly lend to mobile home owners.

[21:10] Next session was about lessons that were learned from new park owners.

[23:55] Have conversations with your tenants! Don’t make improvements that they won’t want.

[25:15] The next talk was about determining the value of your mobile home park.

[27:00] Thinking of selling? Plan a year or two in advance.

[31:05] You should have roughly 10% of the purchase price in cash reserves when you purchase a property.

[32:25] Ozone generators are a great way to remove smells from a house as well as kill bed bugs.

[33:05] Jefferson lists some excellent resources for mobile home financing.

[34:55] Like what you heard? Please rate us on iTunes!

 

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

Secoconference.com

Mhvillage.com

Nos.twnsnd.co

Hootsuite.com

Purechat.com

Fourleafprop.com

Buy.matterport.com

Usertesting.com

Gatherup.com

Sproutsocial.com

Adespresso.com

Rightcolumn.com

Credithuman.com

Rustiquerapidwall.com

Designcrowd.com

Freelancer.com

Renttext.com

Americancommercebank.com

Vmf.com

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