Welcome to Episode 89 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. On this week’s show, Jefferson welcomes Charles Becker and Brenda Garcia-Lemus from Duke University. They have both done extensive research and have collected data on manufactured housing rents and home values. They dive in and discuss what their data can tell us about both the west and east coast markets and give us valuable insights on how we can plan for the future.
[1:30] Charles has appeared on the show before, so Brenda gives a quick introduction about herself!
[3:00] In person, Charles and Brenda have some slides showcasing some data. They discuss what the data means for those who are just listening to the show!
[5:10] How did Charles and Brenda capture the data of how much rents vary by each state?
[6:35] In Texas, they have homes that average around 17 years old and California, for example, has homes that are in the 32-year range. This indicates Texas is building new homes and California is not.
[8:20] Did Charles and Brenda cross-reference and compare their data to see if there was any correlation between apartment rents and manufactured housing rents?
[12:55] Half of the value is in land and the other half is in structure.
[13:45] Charles and Brenda used apartment prices to compare the data they received from mobile home parks.
[18:35] Charles and Brenda foresee more and more people renting manufactured homes instead of buying. When do they think that trend will change?
[25:35] How will inflation affect mobile home park owners and renters?
[28:35] Charles and Brenda were able to get data down to the county in North Carolina. What did they find on the county level?
[34:15] What else can we learn from the data Charles and Brenda have curated?
[40:00] Want to help Charles and Brenda with their research? Feel free to email them!
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Email Charles: CBecker@Duke.Edu
Email Brenda: BG83@Duke.Edu