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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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Nov 9, 2017

Welcome to Episode 82 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Michael Montiero and his co-founder founded Buildium in 2004 after being unable to see the exact amount their tenants were paying in rent each month. Their product fixed a critical pain point for them and they have since branched out to help other small to medium business owners in the same position. Find out how a product like Buildium can help you keep track of your rents!

 

Key Takeaways:

[3:25] What did Michael do before joining Buildium?

[6:35] Did Michael ever raise VC money for Buildium or has it always been bootstrapped?

[7:25] What problem did Buildium first solve when it was built in 2004 and how has the product evolved today?

[9:40] Who primarily uses this product? Property managers?

[12:30] Does Buildium have late notices with the right legal language in them based on the state the customer is in?

[14:40] How does Michael get feedback from the customers who use his product?

[17:55] Michael does a quick case study on how a product like his can benefit mobile home park owners.

[21:00] How does Buildium handle meter readings?

[23:55] Michael’s product can actually get you leads. He explains how!

 

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

 

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