Interview with Jordan Nodel of Nodel Parks

Episode 137 May 07, 2024 00:28:26
Interview with Jordan Nodel of Nodel Parks
Passive Mobile Home Park Investing
Interview with Jordan Nodel of Nodel Parks

May 07 2024 | 00:28:26


Show Notes

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode of the Passive Mobile Home Park Investing Podcast our host Andrew Keel interviews Jordan Nodel of Nodel Parks.

Jordan Nodel, the Principal of Nodel Parks headquartered in Bloomfield Hills, Michigan, oversees a diverse portfolio of over 40 mobile home parks spanning across 10 states, including the unique landscape of Alaska.

On this episode of the Passive Mobile Home Park Investing Podcast, Andrew Keel and Jordan Nodel discuss Jordan's journey into mobile home park investing and the nuanced generational differences in approach when evaluating mobile home park investments and making mobile home park management decisions. They also discuss strategic considerations such as optimal locations for mobile home park investments, emphasizing areas with burgeoning growth and employment opportunities. They also discuss competing in the mobile home park sales market and how short-term investment perspectives often clash with long-term sustainability goals. They both agree on investing in larger, more attractive mobile home park properties, particularly those equipped with essential public utilities for operational efficiency and ideal scale.

Tune in to uncover Jordan Nodel’s comprehensive outlook on the Mobile Home Park Industry, including his strategies for effectively managing his mobile home park portfolio scattered across the entire United States (from Alaska to Alabama), and Jordan’s insights into what defines “the perfect mobile home park.”

***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 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. 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. Check out to learn more.

Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: 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

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Would you like to see value-add 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:

00:21 - Welcome to the Passive Mobile Home Park Investing Podcast

01:20 - How Jordan Nodel got started in mobile home park investing

06:41 - Generational differences in buying criteria when choosing mobile home park deals and purchasing new mobile home parks.

09:02 - Buying mobile home parks in optimal locations with growth and employment opportunities

11:56 - Competing against other mobile home park investors who have a short-term outlook on their investments

14:00 - Larger and more appealing mobile home park locations, preferably with public utilities

15:45 - Investing in commercial real estate

16:53 - Stability and upside in a mobile home park for the residents and the investors

21:41 - From Alaska to Alabama: how Jordan Nodel manages his mobile home parks when they are so spread out

23:55 - People who are in the mobile home park business for quick money

26:00 - Getting in touch with Jordan Nodel

26:46 - The importance of trust in investing

27:28 - Conclusion




Links & Mentions from This Episode:

Nodel Parks website:

Keel Team’s official website: 

Andrew Keel’s official website:  

Andrew Keel LinkedIn: 

Andrew Keel Facebook page:

Andrew Keel Instagram page:

Twitter: @MHPinvestors



“The ability to steer my own ship, so to speak, to grow the value of the company, do more deals, to travel to properties to see them or to oversee our operations was something very attractive..” - Jordan Nodel

“There’s no price you can put on sleeping well at night.” - Jordan Nodel

“When you don't have the pressure under you of a fund or a short-term outlook, you could do a few deals a year and be very happy. And now we own around 40 (mobile home) parks all across the nation. That's a pretty good portfolio to have.” - Jordan Nodel

“Investing in cash-flowing real estate is a more slow and steady proposition. This isn't venture capital.” - Jordan Nodel

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