Interview with Rudy Curtler of Sawgrass Capital Partners

Episode 82 June 14, 2022 00:39:03
Interview with Rudy Curtler of Sawgrass Capital Partners
Passive Mobile Home Park Investing
Interview with Rudy Curtler of Sawgrass Capital Partners

Jun 14 2022 | 00:39:03

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Show Notes

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 Rudy Curtler from Sawgrass Capital Partners. Andrew and Rudy discuss the ideology of having a win-win situation with tenants, the formation of different partnerships and the end goal being profitable while still sustaining a win-win between your investors and tenants.

Rudy began investing in real estate in 2007 as a means to diversify his investments as he had been overweighted in growth stocks. Rudy and his brother in law bought their first mobile home park almost by accident as they continued to get shut out of multifamily investing. Rudy and his team at Sawgrass Capital Partners are taking a unique perspective on the mobile home park industry by exploring 3D printed housing. By vertically integrating the construction of 3D homes, they would be able to fill vacant lots inside of their portfolio of mobile home parks.

 

***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 2,000 lots under management. His team currently manages over 30 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.

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 http://AndrewKeel.com/.

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

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



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
01:25 - Rudy's background and journey
05:30 - Rudy's first park
07:50 - Rudy's current MHP and real estate portfolio
10:00 - Tenant-owned homes versus park-owned homes in trailer parks
12:00 - Learning about mobile home parks
13:25 - Infrastructure in Rudy's current parks
14:30 - From salons to single-family homes
17:35 - Sawgrass Capital Partners
22:55 - How Rudy and his team handle manufactured housing community operations
24:15 - Mistakes to learn from
27:43 - Important things passive investors need to look for
30:25 - Rudy's perfect mobile home park
31:58 - The future of the mobile home park industry, 3D housing, and tiny homes
37:35 - Getting a hold of Rudy and Sawgrass Capital Partners
38:17 - Conclusion



Links & Mentions from This Episode:

Sawgrass Capital Partners: https://www.sawgrasscapitalpartners.com/
Keel Team's official website: https://www.keelteam.com/
Andrew Keel's official website: https://www.andrewkeel.com/

 

Quotes:

"One of the challenges with [Best Buy] is they restructured quite often based on customer demand, changing economics, and whatnot of the consumer electronics industry." - Rudy Curtler

"Mistakes we've made have included anywhere from not having a great lease process at the beginning." - Rudy Curtler

"A question we never thought to ask was, what's underneath the dirt?" - Rudy Curtler

"We actually think it probably dovetails in perfectly and there's probably a tremendous opportunity for 3D printed homes and mobile home parks.." - Rudy Curtler

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