Interview with Julio Jaramillo from Evergreen Communities

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode, Andrew talks with veteran mobile home park owner and operator, Julio Jaramillo. Julio shares his thoughts on the future of the manufactured housing industry as well as the responsibility that comes with being a socially aware mobile home park owner. Julio imparts his knowledge surrounding apt leverage and he also discusses how his mobile home park investing strategy has changed over his many years in the business. Julio does a deep dive on how he establishes a successful mobile home park and provides wholesome advice for passive investors. Julio also shares some of the salient lessons he has learned throughout his mobile home park investing journey. Julio's passion for the mobile home park industry is exhibited in his enthusiasm to help others and impart the invaluable knowledge he has gained over the years.

Julio is the Founder, President, and Managing Member of Evergreen Communities, LLC, and its affiliates, the owner and operator of more than 4,000 mobile home sites in 12 states. He formed the company in 1999 with a $5,000 investment and has built it into a $325 Million privately-held organization employing 75 Americans. In his off time, he is an avid cyclist and Ironman triathlete.

***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 2,500 lots under management. His team currently manages over 30 manufactured housing communities across more than ten 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

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

Book a 1 on 1 consultation with Andrew Keel to discuss:

• A deal review
• Due diligence questions
• How to raise capital from investors
• Mistakes to avoid, and more!

Click Here: https://intro.co/AndrewKeel

Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick five-star review. I have a goal of hitting over 200 total 5-star reviews by the end of 2023, and it would mean the absolute world to me if you could help contribute to that. Thanks ahead of time for making my day with your five-star review of the show.

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:

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

01:40 - Julio's background in Colombia and the benefits of Ironman

05:31 - Julio's inception in the manufactured housing industry

10:38 - What were interest rates like at the dawn of your mobile home park journey?

14:30 - The appropriate amount of leverage

16:00 - What's your model scheme?

17:03 - Raising rents and investing money into the mobile home parks

18:35 - The Burbank Council and Julio's love for the free market

21:18 - How Julio's mobile home park investing strategy has changed over the years

23:45 - Mistakes that Julio has made and learned from in mobile home park investing

29:10 - The most important things passive investors need to look out for

33:15 - Julio's impressive portfolio

35:26 - Julio's worst mobile home park deal

40:13 - Julio's perfect mobile home park looks like this!

43:24 - What does the future in mobile home park investing look like?

46:00 - Getting a hold of Julio Jaramillo

46:47 - Julio's final piece of advice

47:42 - Conclusion

Links & Mentions from This Episode:

Evergreen Communities: https://www.evergreencommunities.com/

Reach out to Julio Jaramillo via email: [email protected]

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

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

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

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

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

Twitter: @MHPinvestors

Quotes:

"That's where I met a lot of my best investors, people that are going to work and put the time into their body and into their mind are going to be the kind of people you want to hang out with." - Julio Jaramillo

"People just have to find their passion, whether it's hiking or surfing or whatever. You know, just find something that gives you that balance." - Julio Jaramillo

"One of [the mistakes I made] is, you know, not buying in the right market." - Julio Jaramillo

"I like seeing the city and knowing what's going on around me. Areas you would never see if you weren't in this business, right?" - Julio Jaramillo