Interview with Ryan Groene of Groene Capital

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 Ryan Groene, of Groene Capital. Ryan has had experience in every aspect of mobile home park investing and operations including finding, running, flipping, refinancing, and selling mobile home park communities. Ryan answers some of Andrew’s toughest and most interesting questions with his unique perspective and vast experience in the manufactured housing space. While he may be a part of the younger generation of owners and operators, Ryan is knowledgeable, eager to teach, and is excited to share what he has learned about the mobile home park industry.

Ryan started off his journey with a degree in finance after being a student athlete in college. He worked in the finance industry before diving into mobile home parks full time. His portfolio currently boasts nine mobile home parks with over 400 lots throughout the midwest and the southeast. He is also the Director of Operations for Buckeye Communities where he oversees the operations of over 500 lots throughout Ohio and Michigan.

***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 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.

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:

Links & Mentions from This Episode: 

Quotes: 

“That was my first purchase ever and it was definitely a little bit scarier because I didn’t know anything about parks. I’d spent three years prior, just getting educated.” - Ryan Groene

“Honestly, it’s also finding good workers. At the parks and also employees that will last long term.” - Ryan Groene, on the toughest hurdles

“They need to vet the sponsor, the general partners, or the operator.” - Ryan Groene, on the most important thing LP’s need to know

“I really try to provide clean, safe, affordable housing in good locations.” - Ryan Groene