Welcome to Episode 80 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This is a part 2 of a 2-part interview, so if you missed the first episode, be sure to listen to that one first! Jefferson showcases the talk he did at the SECO conference and continues his discussion about how he structures his accounting for his business and more!
Key Takeaways:
[1:25] Jefferson discusses why he likes to use Rent Manager.
[5:35] Jefferson has been using Dropbox as well to keep track of any documents for each property.
[9:05] Jefferson and his team are also developing an operations manual to help document how they do things internally.
[10:15] Another product the team uses is Grasshopper, which is a virtual phone software.
[10:45] The great part of using these products is that most of it is free and a smaller company can use these tools to their advantage.
[11:40] What is Jefferson’s vision for the organization?
[14:00] Jefferson really wants his team to feel like they’re franchisees — like they own the park themselves. This gives them more incentive to take care of it.
[15:15] That concludes Jefferson’s talk for today! Jefferson now answers the audience’s questions.
[18:50] Jefferson still needs to know how to budget for a park a bit better.
[22:40] How does Jefferson compensate his park managers?
[24:35] What does Jefferson think of third-party managers?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com