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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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May 24, 2018

Welcome to Episode 102 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Sonya Salamon and Katherine MacTavish have been researching mobile home parks and the tenants in them, and now have published a book. On today’s show, Sonya and Katherine share their findings with the audience and discuss everything from quality of life, finances, tenant aspirations, and more.

 

Key Takeaways:

[3:20] How did Sonya and Katherine get into mobile home park research?

[5:05] How did Sonya and Katherine find people to interview and study?

[10:55] What were some of the key findings when researching the three mobile home parks in geographically and ethnically different areas?

[14:45] How does growing up in a mobile home park impact the wellbeing and career choices of the children living there?

[19:45] In what ways did the children flourish?

[21:35] How did Sonya and Katherine find these three park owners?

[24:55] Sonya and Katherine studied how each of the tenants in these mobile home parks managed their finances. What did they discover?

[27:05] Why did these folks decide to live in a mobile home park?

[31:15] Are mobile home tenants unhappy that they’re living in a mobile home?

[32:40] Can people really form a community when somebody else is forming all the rules?

[41:25] Mobile homes are a private solution to a really pressing public house need.

[43:05] Sonya and Katherine offer their final thoughts.

 

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

Todd Foster’s Podcast Interview

Sonyasalamon.com

Email Katherine: Katherine.MacTavish@oregonstate.edu

 

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