Interview with Chris Rood- Wholesaler turned Mobile Home Park Investor

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks with Chris Rood, the number one real estate wholesaling coach in the US (and Canada). He is also the principal at Rood Real Estate and ChrisRood.com. Chris is a full time real estate investor, coach, mentor, sales professional and entrepreneur. Today Andrew and Chris talk about Chris' experience in the trailer park industry as well as his real estate investing background. They also discuss why Chris Rood loves the mobile home park business, what his biggest struggles have been and his desired end game. Chris also discusses what he looks for in partnerships with passive investors for mobile home park acquisitions. Chris shares his wisdom on everything from his "Make Trailer Parks Great Again" hats and apparel to his opinion on window AC units in this great interview on the Passive Mobile Home Park Investing Podcast!

***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This interview is for informational purposes only and should not be depended upon for investment purposes. ***

Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,400 lots under management. His team currently manages over 20 manufactured housing communities across ten states - AR, GA, IA, IL, IN, MN, NE, OH, PA and TN. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities.

Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy Andrew's team usually moves on location during the first several months of ownership. Find out more about Andrew's story at AndrewKeel.com.

Would you like to see mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.

Talking Points:

00:18 - Welcome to the Passive Mobile Home Park Investing Podcast

01:01 - Chris' background and what he loves about the business

10:43 - Collections during COVID

13:11 - 21st Mortgage cash program

14:14 - Chris' biggest struggle so far

17:20 - Flood zones

19:00 - Chris' end game

20:52 - Window Units

22:52 - Things to look out for with an investor

28:44 - Getting a hold of Chris

30:10 - Conclusion

Links & Mentions from This Episode:

Chris Rood Coaching Website: https://coaching.chrisrood.com/new-home/

Chris Rood LinkedIn: https://www.linkedin.com/in/chris-rood-72a76276/

Chris Rood Instagram: https://www.instagram.com/realestaterood/?hl=en

Chris Rood YouTube: https://www.youtube.com/channel/UCPg2GbV7ZanrL7xhw-h0W5g

Chris Rood Facebook: https://www.facebook.com/chrisroodentrepreneur/

21st Mortgage: https://www.21stmortgage.com/web/21stSite.nsf/index.html

Keel Team's official website: https://www.keelteam.com/

Andrew Keel's official website: https://www.andrewkeel.com/

Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel

Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast

Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/

Twitter: @MHPinvestors

Quotes:

"I did more research and I noticed that, during the 2008 crash, mobile home stocks and all that soared. And that always stayed in my mind." - Chris Rood

"But I'll get a thousand or eleven hundred [thousand] bucks back, on a twenty-two [thousand] dollar investment. What does that? Nothing does that." - Chris Rood, on why mobile home parks are a great investment.

"[COVID] has exponentially helped my parks. Why am I saying that? Because people are losing their jobs. They're getting out of their single family homes and they're downsizing into something more affordable." - Chris Rood

"COVID has absolutely helped my business on the affordable mobile home park side." - Chris Rood