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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 23, 2017

Welcome to Episode 85 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Ben Braband is a fellow park owner who owns 2,300 pads. On the show, Ben shares some of his personal experiences about park ownership and what he’s learned about being a park owner for the last 12 years.

 

Key Takeaways:

[1:20] What did Ben do before buying his first mobile home park?

[5:35] What kind of seminars did Ben attend to help him with his mobile home park?

[7:00] How did Ben find his first park?

[10:30] At about 12 years in this business so far, Ben has a total of 2,300 pads.

[12:40] What are Ben’s acquisitions criteria and how have they evolved over the years?

[21:00] The bulk of Ben’s properties rely on city water and sewer, but they do have parks that rely on well-water also.

[21:35] How did Ben do his due diligence on his wastewater treatment plant?

 

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

MobileHomeUniversity.com

Dave Reynolds, MHP Funds

Waste Water Treatment Plant

WWTP Inspections and Reporting

CAPEX

 

 
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