Welcome to Episode 95 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today’s guest is Mike Johnson. He is a mobile home park owner and early retirement expert. Mike knew that if he wanted to retire early, he needed a passive income. He got creative with how he structured his deals and now owns three parks. Find out more about Mike and his story on this week’s podcast!
Key Takeaways:
[2:45] Who is Mike and what did he do before owning his mobile home park?
[6:00] How did Mike find his first mobile home?
[11:50] How does Mike market his property?
[13:15] How does Mike manage the mobile home park?
[16:25] Mike discusses how he handles all the paperwork for the property.
[18:25] What’s it like managing Mike’s other parks?
[21:20] In 15 years of owning parks, Mike has only had to go to court twice. What’s his philosophy on tenants who do not pay?
[25:30] What retirement advice does Mike have for others?
[28:40] There’s only so much you can read. Stop dragging your feet and take action.
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Rich Dad Poor Dad, by Robert Kiyosaki and Sharon Lechter
Making Money with Mobile Homes, by Lonnie Scruggs