This episode is Part three of a three-part series. On this week’s show, Ryan continues his discussion on how the two publically traded companies, ELS and SUI, are doing in the market, where they’re headed long- and short-term, and what kind of events in the world need to happen for the industry to disappear.
Key Takeaways:
[1:25] Who wants to be in just ‘average’ real estate?
[2:05] How do the two management teams, ELS and SUI, treat each other?
[5:50] These teams have very little control over how strong the NOI growth is and what happens with cap rate.
[8:25] Where does Ryan see ELS and SUI going both long term and short term?
[10:40] Jefferson loves Equity Lifestyle and has been very happy with the return over the last few years.
[11:55] Most people don’t realize it but manufactured homes comprise about 7% of the total housing stock in the U.S.
[16:45] Unfortunately it’s hard to see bubbles until they’ve viciously popped. They’re difficult to predict. However, there are some current indicators that suggest we’re not in a bubble just yet.
[18:55] What’s Ryan’s opinion of mobile home park investors? He thinks they’re extremely smart!
[21:25] What kinds of books does Ryan recommend to people who want to learn more about real estate?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com