Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
156 Episodes • By Park Street Partners - Jefferson Lilly & Brad Johnson •
www.parkstreetpartners.com...
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.
...more
Investing
Business
Education
VIDEO: EP120: Interview: Anna and Justin Scribner from Flyte Camp Tells Us All About Renovating Vintage Trailers
Welcome to Episode 120 of the Mobile Home Park Inves...
more
Feb 21 2019 38m
Chapter 1 3 mins
What did Anna and Justin do prior to fixing up vintage homes?Chapter 2 6 mins
How do Anna and Justin sell their vintage trailers?Chapter 3 1 min
How does Anna and Justin find all the parts to their trailers?Chapter 4 2 mins
Justin shares his favorite restoration project to dateChapter 5 3 mins
How much does a typical renovation cost?Chapter 6 3 mins
Were Spartans really built differently than other trailers back then?Chapter 7 4 mins
Anna and Justin don’t renovate mobile homes past the 1964 year mark. What changed after that era?Chapter 8 5 mins
How doe Anna and Justin find and train their employees?Chapter 9 4 mins
Anna shares some funny client restoration stories
EP120: Interview: Anna and Justin Scribner from Flyte Camp Tells Us All About Renovating Vintage Trailers
Welcome to Episode 120 of the Mobile Home Park Inves...
more
Feb 21 2019 38m
Chapter 1 3 mins
What did Anna and Justin do prior to fixing up vintage homes?Chapter 2 6 mins
How do Anna and Justin sell their vintage trailers?Chapter 3 1 min
How does Anna and Justin find all the parts to their trailers?Chapter 4 2 mins
Justin shares his favorite restoration project to dateChapter 5 3 mins
How much does a typical renovation cost?Chapter 6 3 mins
Were Spartans really built differently than other trailers back then?Chapter 7 4 mins
Anna and Justin don’t renovate mobile homes past the 1964 year mark. What changed after that era?Chapter 8 5 mins
How doe Anna and Justin find and train their employees?Chapter 9 4 mins
Anna shares some funny client restoration stories
VIDEO: EP119: Tales from the Road: NCC/MHI Trade Show (National Communities
Welcome to Episode 119 of the Mobile Home Park Inves...
more
Feb 7 2019 45m
Chapter 1 59 sec
Who should go to the NCC trade show?Chapter 2 4 mins
What economic trends have been affecting the housing industry?Chapter 3 3 mins
Around 100,000 long-haul truck drivers will be put out of business in the next five years due to automationChapter 4 3 mins
Interest rates are predicted to keep rising and we might see a mini-recession in the second half of the yearChapter 5 6 mins
A quick legislative and regulatory updateChapter 6 39 sec
Roughly 12% of all housing in Georgia is manufacturedChapter 7 1 min
Nothing in section 107 of the 2155 law impacts rent-to-own agreementsChapter 8 35 sec
Invite all your local representatives to come to see your park and your community. Talk to them about what you’re doingChapter 9 5 mins
The next talk was about how to properly manage your PR during a crisisChapter 10 1 min
Think about your positive tenants. Who are your allies?Chapter 11 4 mins
Set Google Alerts for your name or for your parkChapter 12 3 mins
What is the state of the market currently?Chapter 13 3 mins
Biggest challenge currently is hiring talented employeesChapter 14 1 min
Preliminary data shows that pad rents increase faster than apartment rents doChapter 15 44 sec
Have some questions or thoughts? Feel free to email Jefferson
EP119: Tales From The Road: NCC/MHI Trade Show (National Communities Council)
Welcome to Episode 119 of the Mobile Home Park Inves...
more
Feb 7 2019 45m
Chapter 1 59 sec
Who should go to the NCC trade show?Chapter 2 4 mins
What economic trends have been affecting the housing industry?Chapter 3 3 mins
Around 100,000 long-haul truck drivers will be put out of business in the next five years due to automationChapter 4 3 mins
Interest rates are predicted to keep rising and we might see a mini-recession in the second half of the yearChapter 5 6 mins
A quick legislative and regulatory updateChapter 6 39 sec
Roughly 12% of all housing in Georgia is manufacturedChapter 7 1 min
Nothing in section 107 of the 2155 law impacts rent-to-own agreementsChapter 8 35 sec
Invite all your local representatives to come to see your park and your community. Talk to them about what you’re doingChapter 9 5 mins
The next talk was about how to properly manage your PR during a crisisChapter 10 1 min
Think about your positive tenants. Who are your allies?Chapter 11 4 mins
Set Google Alerts for your name or for your parkChapter 12 3 mins
What is the state of the market currently?Chapter 13 3 mins
Biggest challenge currently is hiring talented employeesChapter 14 1 min
Preliminary data shows that pad rents increase faster than apartment rents doChapter 15 37 sec
Have some questions or thoughts? Feel free to email Jefferson
EP118: Interview Dennis Smith from Freddie Mac Discusses Duty To Serve
Welcome to Episode 118 of the Mobile Home Park Inves...
more
Jan 10 2019 15m
Chapter 1 1 min
What did Dennis do prior to joining Freddie Mac?Chapter 2 34 sec
Dennis dives into a little bit of the history of Freddie Mac and what GSE (government-sponsored enterprise) isChapter 3 1 min
Where did the ‘Duty to Serve’ mandate/regulation come from?Chapter 4 1 min
Duty to serve focuses on three underserved markets; Rural housing, affordable housing, and manufactured housing. How is rural housing defined?Chapter 5 2 mins
How is affordable housing defined?Chapter 6 1 min
What does Duty to Serve mean for the residents of mobile home parks?Chapter 7 3 mins
And, finally, what does Duty to Serve mean for the owners of mobile home parks?
VIDEO: EP117: Merry Christmas from Park Street Partners
<p>Merry Christmas from Park Street Partners</p>
Dec 25 2018 3m
EP117: Merry Christmas from Park Street Partners
<p>Merry Christmas from Park Street Partners</p>
Dec 25 2018 3m
EP116: Interview Al Hesselbart, RV and Mobile Home Historian
Welcome to Episode 116 of the Mobile Home Park Inves...
more
Dec 20 2018 28m
Chapter 1 1 min
What did Al do prior to getting into RVs and mobile homes?Chapter 2 5 mins
What types of RVs does Al own currently?Chapter 3 1 min
The first automotive units available for camping purposes were identified in 1910Chapter 4 3 mins
What did the first ‘camping car’ look like?Chapter 5 2 mins
What kind of features did a ‘Tin-Can Tourist’ have?Chapter 6 3 mins
After the war in 1945, what kind of changes were made to the ‘RV’?Chapter 7 54 sec
Americans saw a big shift in RVs in the 1960s and that’s how the mobile home was born!Chapter 8 1 min
As big capital invests more into RVs and mobile homes, has Al seen any changes in the way they’re structured?Chapter 9 3 mins
What kinds of trends has Al seen in people who own RVs?
VIDEO: EP115: Interview Denny Stone of So Cal Vintage Trailer
Welcome to Episode 115 of the Mobile Home Park Inves...
more
Nov 29 2018 40m
Chapter 1 1 min
What did Denny do before he got into vintage RVs?Chapter 2 2 mins
How does Denny find his trailers?Chapter 3 2 mins
How long does it typically take to renovate a trailer?Chapter 4 2 mins
How does Denny find the right parts for the vintage trailers?Chapter 5 5 mins
Denny shares how he finds his talent and what the process looks likeChapter 6 3 mins
What makes a Spartan trailer different than the ones available today?Chapter 7 1 min
What other brands of trailers does Denny work on?Chapter 8 2 mins
How much does the average restoration cost?Chapter 9 2 mins
What kinds of modern upgrades does Denny add to these trailers?Chapter 10 3 mins
Are there some aspects of the trailers in the 40s and 50s built better than trailers today?Chapter 11 1 min
Does Denny work on any mobile homes?Chapter 12 4 mins
There are three types of markets or people who buy these types of trailersChapter 13 1 min
Denny shares some funny restoration storiesChapter 14 4 mins
Does Denny do any modifications for pets?
EP115: Interview: Denny Stone of So Cal Vintage Trailer
Welcome to Episode 115 of the Mobile Home Park Inves...
more
Nov 29 2018 40m
Chapter 1 1 min
What did Denny do before he got into vintage RVs?Chapter 2 2 mins
How does Denny find his trailers?Chapter 3 2 mins
How long does it typically take to renovate a trailer?Chapter 4 2 mins
How does Denny find the right parts for the vintage trailers?Chapter 5 5 mins
Denny shares how he finds his talent and what the process looks likeChapter 6 3 mins
What makes a Spartan trailer different than the ones available today?Chapter 7 1 min
What other brands of trailers does Denny work on?Chapter 8 2 mins
How much does the average restoration cost?Chapter 9 2 mins
What kinds of modern upgrades does Denny add to these trailers?Chapter 10 3 mins
Are there some aspects of the trailers in the 40s and 50s built better than trailers today?Chapter 11 1 min
Does Denny work on any mobile homes?Chapter 12 4 mins
There are three types of markets or people who buy these types of trailersChapter 13 1 min
Denny shares some funny restoration storiesChapter 14 4 mins
Does Denny do any modifications for pets?
EP114: SECO 2018 Trade Show Recap
Welcome to Episode 114 of the Mobile Home Park Inves...
more
Nov 22 2018 35m
Chapter 1 49 sec
This week, Jefferson is doing a review of the SECO Conference he just attended last monthChapter 2 2 mins
The conference first started off with a session on social media marketing that was very interesting and filled with some great resourcesChapter 3 2 mins
The next session was about five key ways to bringing in new homesChapter 4 1 min
There’s really always a risk and that includes even doing nothingChapter 5 3 mins
Craigslist tends to attract a lower quality tenant, so it’s best to advertise on Facebook, Zillow, Instagram, and Mhvillage insteadChapter 6 1 min
The next session was about internet marketing and the importance of mobile-friendly websitesChapter 7 2 mins
It is estimated that by 2020, all search will be done by voiceChapter 8 2 mins
HUD has filed a complaint against Facebook for violating fair housingChapter 9 1 min
Video media still dominates the internet!Chapter 10 54 sec
Credit Human was there and they directly lend to mobile home ownersChapter 11 2 mins
Next session was about lessons that were learned from new park ownersChapter 12 1 min
Have conversations with your tenants! Don’t make improvements that they won’t wantChapter 13 1 min
The next talk was about determining the value of your mobile home parkChapter 14 4 mins
Thinking of selling? Plan a year or two in advanceChapter 15 1 min
You should have roughly 10% of the purchase price in cash reserves when you purchase a propertyChapter 16 39 sec
Ozone generators are a great way to remove smells from a house as well as kill bed bugsChapter 17 1 min
Jefferson lists some excellent resources for mobile home financingChapter 18 46 sec
Like what you heard? Please rate us on iTunes!
VIDEO: EP114: SECO 2018 Trade Show Recap
Welcome to Episode 114 of the Mobile Home Park Inves...
more
Nov 22 2018 35m
Chapter 1 49 sec
This week, Jefferson is doing a review of the SECO Conference he just attended last monthChapter 2 2 mins
The conference first started off with a session on social media marketing that was very interesting and filled with some great resourcesChapter 3 2 mins
The next session was about five key ways to bringing in new homesChapter 4 1 min
There’s really always a risk and that includes even doing nothingChapter 5 3 mins
Craigslist tends to attract a lower quality tenant, so it’s best to advertise on Facebook, Zillow, Instagram, and Mhvillage insteadChapter 6 1 min
The next session was about internet marketing and the importance of mobile-friendly websitesChapter 7 2 mins
It is estimated that by 2020, all search will be done by voiceChapter 8 2 mins
HUD has filed a complaint against Facebook for violating fair housingChapter 9 1 min
Video media still dominates the internet!Chapter 10 54 sec
Credit Human was there and they directly lend to mobile home ownersChapter 11 2 mins
Next session was about lessons that were learned from new park ownersChapter 12 1 min
Have conversations with your tenants! Don’t make improvements that they won’t wantChapter 13 1 min
The next talk was about determining the value of your mobile home parkChapter 14 4 mins
Thinking of selling? Plan a year or two in advanceChapter 15 1 min
You should have roughly 10% of the purchase price in cash reserves when you purchase a propertyChapter 16 39 sec
Ozone generators are a great way to remove smells from a house as well as kill bed bugsChapter 17 1 min
Jefferson lists some excellent resources for mobile home financingChapter 18 50 sec
Like what you heard? Please rate us on iTunes!
EP113: Rich Voboril of PEP Lending Tells Us How They Finance Mobile Homes For Tenants
Welcome to Episode 113 of the Mobile Home Park Inves...
more
Oct 25 2018 30m
Chapter 1 2 mins
What did Rich do prior to joining PEP?Chapter 2 39 sec
What types of lending programs does Rich offer to his customers?Chapter 3 2 mins
Most of Rich’s customers have dealt with credit problems in the pastChapter 4 29 sec
The biggest loan Rich and his team have made was around $80,000Chapter 5 3 mins
Does a park owner have to become a licensed dealer in order to work with PEP?Chapter 6 1 min
How are the agreements usually structured between the park owner and tenant?Chapter 7 1 min
Rich explains what a typical loan structure looks like and how much a tenant pays, on averageChapter 8 2 mins
Do tenants need to find their own mobile parks or does PEP handle that?Chapter 9 1 min
Why does Rich not rely on bluebook mobile home values?Chapter 10 1 min
Are there characteristics of a mobile home that Rich and team will not finance?Chapter 11 2 mins
What happens if the tenant is paying PEP but not the park owner lot rent? Or vice versa?Chapter 12 4 mins
What happens if a customer defaults?Chapter 13 3 mins
Rich prides himself and his company for being very accessible. You will always get a real, live person answering your call!
EP112: Art of the Deal: Marisa Murrow Tells Us About Painting Mobile Home Parks
Welcome to Episode 112 of the Mobile Home Park Inves...
more
Oct 4 2018 31m
Chapter 1 3 mins
What did Marisa do before she became a visual artist?Chapter 2 59 sec
What kind of paint styles does she use?Chapter 3 1 min
How did Marisa get started in painting mobile home parks?Chapter 4 49 sec
Marisa has been making mobile home park paintings for the last 15 yearsChapter 5 2 mins
How many mobile homes has Marisa painted over the years?Chapter 6 2 mins
What is Marisa process and how does she get started on painting a mobile home?Chapter 7 3 mins
Marisa also does mobile home park sculptures!Chapter 8 4 mins
What do people think of Marisa’s work?Chapter 9 54 sec
How much does Marisa’s artwork sell for?Chapter 10 4 mins
Marisa explains how her style has evolved over the yearsChapter 11 3 mins
Marisa shares some funny stories about dealing with mobile home park owners and tenants
VIDEO: EP112: Art of the Deal: Marisa Murrow Tells Us About Painting Mobile Home Parks
Welcome to Episode 112 of the Mobile Home Park Inves...
more
Oct 4 2018 31m
Chapter 1 3 mins
What did Marisa do before she became a visual artist?Chapter 2 59 sec
What kind of paint styles does she use?Chapter 3 1 min
How did Marisa get started in painting mobile home parks?Chapter 4 49 sec
Marisa has been making mobile home park paintings for the last 15 yearsChapter 5 2 mins
How many mobile homes has Marisa painted over the years?Chapter 6 2 mins
What is Marisa process and how does she get started on painting a mobile home?Chapter 7 3 mins
Marisa also does mobile home park sculptures!Chapter 8 4 mins
What do people think of Marisa’s work?Chapter 9 54 sec
How much does Marisa’s artwork sell for?Chapter 10 4 mins
Marisa explains how her style has evolved over the yearsChapter 11 3 mins
Marisa shares some funny stories about dealing with mobile home park owners and tenants
EP111: Book Report: Am I Being Too Subtle? by Sam Zell (Part 3 of 3)
Welcome to Episode 111 of the Mobile Home Park Inves...
more
Sep 27 2018 27m
Chapter 1 3 mins
Sam noticed that young people were delaying marriage in the early 2000’s and staying in ‘24-hour cities.’ So, he redistributed his capitalChapter 2 2 mins
In 2006, Sam bought the Chicago Tribune newspaper and gave his staff skin in the gameChapter 3 59 sec
Sam believes in globalization and has increased his international investments over the yearsChapter 4 3 mins
However, Sam is not a fan of Europe due to too many pensioners, which he predicts would mean for higher taxesChapter 5 59 sec
How was Sam able to grow his business to the next level?Chapter 6 24 sec
Sam doesn’t want to be treated like a boss and he makes sure he is not surrounded by ‘yes men.’Chapter 7 2 mins
What is Sam’s hiring process?Chapter 8 59 sec
Can entrepreneurship be taught? Sam believes that people have an entrepreneurial gene and that it’s stronger in some than othersChapter 9 1 min
You cannot be successful without giving to othersChapter 10 8 mins
Jefferson lists nine of Sam’s philosophy principles for successChapter 11 1 min
Jefferson recommends the book! If you happen to know Sam, Jefferson would love to interview him
VIDEO: EP111: Book Report: Am I Being Too Subtle? by Sam Zell (Part 3 of 3)
Welcome to Episode 111 of the Mobile Home Park Inves...
more
Sep 27 2018 27m
Chapter 1 3 mins
Sam noticed that young people were delaying marriage in the early 2000’s and staying in ‘24-hour cities.’ So, he redistributed his capitalChapter 2 2 mins
In 2006, Sam bought the Chicago Tribune newspaper and gave his staff skin in the gameChapter 3 59 sec
Sam believes in globalization and has increased his international investments over the yearsChapter 4 3 mins
However, Sam is not a fan of Europe due to too many pensioners, which he predicts would mean for higher taxesChapter 5 59 sec
How was Sam able to grow his business to the next level?Chapter 6 24 sec
Sam doesn’t want to be treated like a boss and he makes sure he is not surrounded by ‘yes men.’Chapter 7 2 mins
What is Sam’s hiring process?Chapter 8 59 sec
Can entrepreneurship be taught? Sam believes that people have an entrepreneurial gene and that it’s stronger in some than othersChapter 9 1 min
You cannot be successful without giving to othersChapter 10 8 mins
Jefferson lists nine of Sam’s philosophy principles for successChapter 11 1 min
Jefferson recommends the book! If you happen to know Sam, Jefferson would love to interview him
VIDEO: EP110: Book Report: Am I Being Too Subtle? by Sam Zell (Part 2 of 3)
Welcome to Episode 110 of the Mobile Home Park Inves...
more
Sep 20 2018 32m
Chapter 1 1 min
Sam recognized there was an unfilled demand in secondary and tertiary marketsChapter 2 44 sec
At 24 years old, Sam had already made a million dollars in today’s moneyChapter 3 2 mins
Sam applied to 43 law firms and got rejected at all of them. He had no idea why!Chapter 4 1 min
Just off of referrals alone, Sam was making 3x what junior partners were making at a small law firmChapter 5 3 mins
Sam met billionaire real estate mogul, Jay Pritzker and Jay would later become his mentorChapter 6 3 mins
For the first 10 years of business, Sam had a relatively small team and he split profits with everyone, including the secretaryChapter 7 9 mins
Sam predicted there would be a real estate crash due to how easy it was to lend money in commercial real estateChapter 8 3 mins
In the late 80’s, Sam warned that there were structural changes happening in the real estate market and predicted another crashChapter 9 3 mins
How did Sam discover mobile home parks?Chapter 10 1 min
In 2005, Sam and his company began to diversity in RV parksChapter 11 47 sec
Stay tuned for part 3!
EP110: Book Report: 'Am I Being Too Subtle?' By Sam Zell (Part 2 of 3)
Welcome to Episode 110 of the Mobile Home Park Inves...
more
Sep 20 2018 32m
Chapter 1 1 min
Sam recognized there was an unfilled demand in secondary and tertiary marketsChapter 2 44 sec
At 24 years old, Sam had already made a million dollars in today’s moneyChapter 3 2 mins
Sam applied to 43 law firms and got rejected at all of them. He had no idea why!Chapter 4 1 min
Just off of referrals alone, Sam was making 3x what junior partners were making at a small law firmChapter 5 3 mins
Sam met billionaire real estate mogul, Jay Pritzker and Jay would later become his mentorChapter 6 3 mins
For the first 10 years of business, Sam had a relatively small team and he split profits with everyone, including the secretaryChapter 7 9 mins
Sam predicted there would be a real estate crash due to how easy it was to lend money in commercial real estateChapter 8 3 mins
In the late 80’s, Sam warned that there were structural changes happening in the real estate market and predicted another crashChapter 9 3 mins
How did Sam discover mobile home parks?Chapter 10 1 min
In 2005, Sam and his company began to diversity in RV parksChapter 11 43 sec
Stay tuned for part 3!
EP109: Book Report: Am I Being Too Subtle? by Sam Zell (Part 1 of 3)
Welcome to Episode 108 of the Mobile Home Park Inves...
more
Sep 13 2018 32m
Chapter 1 2 mins
Jefferson shares why he decided to read Sam’s bookChapter 2 39 sec
Sam basically invented business casual back in the 1970s and wore jeans to workChapter 3 2 mins
Jefferson explains the types of investments Sam has made over the yearsChapter 4 2 mins
Sam has lived through several real estate crisesChapter 5 3 mins
A bit of background about Sam and his familyChapter 6 2 mins
Sam has issues with being called ‘self-made’Chapter 7 4 mins
How did Sam get in real estate?Chapter 8 4 mins
Sam became a homeowner for the first time in 1965 at 24 years of ageChapter 9 3 mins
Jefferson shares Sam’s thoughts on persistenceChapter 10 2 mins
Ask the right questions to get the deal doneChapter 11 46 sec
Find out more next week!
VIDEO: EP109: Book Report: Am I Being Too Subtle? by Sam Zell (Part 1 of 3)
Welcome to Episode 109 of the Mobile Home Park Inves...
more
Sep 13 2018 32m
Chapter 1 2 mins
Jefferson shares why he decided to read Sam’s bookChapter 2 39 sec
Sam basically invented business casual back in the 1970s and wore jeans to workChapter 3 2 mins
Jefferson explains the types of investments Sam has made over the yearsChapter 4 2 mins
Sam has lived through several real estate crisesChapter 5 3 mins
A bit of background about Sam and his familyChapter 6 2 mins
Sam has issues with being called ‘self-made’Chapter 7 4 mins
How did Sam get in real estate?Chapter 8 4 mins
Sam became a homeowner for the first time in 1965 at 24 years of ageChapter 9 3 mins
Jefferson shares Sam’s thoughts on persistenceChapter 10 2 mins
Ask the right questions to get the deal doneChapter 11 50 sec
Find out more next week!
VIDEO: EP108: Interview Andrew Keel Tells Us How He Got In The Manufactured Housing Business
Welcome to Episode 108 of the Mobile Home Park Inves...
more
Sep 6 2018 33m
Chapter 1 3 mins
What did Andrew do prior to mobile home parks?Chapter 2 1 min
Andrew explains how he found his first mobile home parkChapter 3 3 mins
What kind of relationship did Andrew have with the park owner?Chapter 4 2 mins
What kind of diligence did Andrew do for the park before purchasing it?Chapter 5 2 mins
Andrew shares the business plan he had for the parkChapter 6 2 mins
How did Andrew find the service providers he needed to take care of the park from a different part of the state?Chapter 7 1 min
Why did Andrew decide to keep the previous property manager?Chapter 8 3 mins
Andrew shares why he uses Venmo and how it works with his bank accountsChapter 9 3 mins
How does Andrew market his properties?Chapter 10 1 min
How many people are on Andrew’s team?Chapter 11 1 min
Andrew shares lessons learned and mistakes he’s madeChapter 12 39 sec
What are Andrew’s plans for the future?Chapter 13 2 mins
What advice does Andrew have for newbies?
EP108: Interview Andrew Keel Tells Us How He Got In The Manufactured Housing Business
Welcome to Episode 108 of the Mobile Home Park Inves...
more
Sep 6 2018 33m
Chapter 1 3 mins
What did Andrew do prior to mobile home parks?Chapter 2 1 min
Andrew explains how he found his first mobile home parkChapter 3 3 mins
What kind of relationship did Andrew have with the park owner?Chapter 4 2 mins
What kind of diligence did Andrew do for the park before purchasing it?Chapter 5 2 mins
Andrew shares the business plan he had for the parkChapter 6 2 mins
How did Andrew find the service providers he needed to take care of the park from a different part of the state?Chapter 7 1 min
Why did Andrew decide to keep the previous property manager?Chapter 8 3 mins
Andrew shares why he uses Venmo and how it works with his bank accountsChapter 9 3 mins
How does Andrew market his properties?Chapter 10 1 min
How many people are on Andrew’s team?Chapter 11 1 min
Andrew shares lessons learned and mistakes he’s madeChapter 12 39 sec
What are Andrew’s plans for the future?Chapter 13 2 mins
What advice does Andrew have for newbies?
EP107: Interview Patrick McKenna Has Taken The Plunge And Bought Two Mobile Home Parks (2 of 2)
Welcome to Episode 106 of the Mobile Home Park Inves...
more
Jun 28 2018 27m
Chapter 1 1 min
Patrick originally had some issues with brokers behaving unprofessionally. How did he handle that?Chapter 2 3 mins
How did Patrick find his second park?Chapter 3 5 mins
What was occupancy like when Patrick bought the second park?Chapter 4 2 mins
Since all the pipes need to be replaced in this second park, how did Patrick find a reliable and good contractor?Chapter 5 3 mins
How has Patrick been able to finance this infrastructure upgrade?Chapter 6 1 min
How do Patrick and his business manage these two parks from out-of-state while also working a day job?Chapter 7 7 mins
Does Patrick have any plans to buy a third park?
EP106: Interview Patrick McKenna Has Taken The Plunge And Bought Two Mobile Home Parks (1 of 2)
Welcome to Episode 106 of the Mobile Home Park Inves...
more
Jun 21 2018 30m
Chapter 1 3 mins
What did Patrick do before he became a mobile home park owner?Chapter 2 3 mins
Since Patrick has a business partner helping him manage the mobile home park, how did Patrick structure that partnership?Chapter 3 3 mins
How did Patrick find his first mobile home park?Chapter 4 4 mins
What kind of due diligence process did Patrick undergo?Chapter 5 1 min
How did Patrick and his business partner market their park?Chapter 6 3 mins
Why did Patrick decide to keep the current park manager? And how does he compensate him?Chapter 7 3 mins
What was the lot rent when Patrick purchased the park and what is it now?Chapter 8 3 mins
Patrick’s first park is on a lagoon! How was he comfortable buying that?Chapter 9 1 min
Please join us next week for part two of this interview!