Interview with Sumeet Makhijani of Easy Living Communities

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 Sumeet Makhijani of Easy Living Communities. Sumeet brings a unique perspective to mobile home park investing as he is a plastic surgeon with a deep passion for mobile home parks. Summit tells his story about how he got into manufactured housing, he also answers questions about his biggest infill project and why he chooses to invest in the midwest compared to coastal cities. Summit has his Master’s of Real Estate degree from Georgetown University and also has a medical career he manages on the side, Sumeet shares what he has learned in this episode of the Passive Mobile Home Park Investing Podcast.

Sumeet started off with a medical degree from the University of Tennessee College of Medicine. He completed an integrated plastic surgery residency program in New York and began a career as an Assistant Clinical Professor of Plastic Surgery at Columbia University. But, his passions didn’t just reside in medicine. Sumeet has always been interested in real estate. It is a family affair after all, since both of his parents worked in the industry. Not only is he the co-founder of Easy Living Communities, he is also the co-general partner on a 96-unit multi-family development in Nebraska, called Benson Mill. 

Easy Living Communities focuses on acquiring value-add mobile home parks all over the country. They provide their homeowners with affordable housing that is both safe and clean. They also ensure their investors have dependable returns.

***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.

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 100 total 5-star reviews by the end of 2021, 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:

Links & Mentions from This Episode:

Quotes: 

“I think brokers hold a lot of keys to success. We think we treat them well and they’re an important part of our growth.” - Sumeet Makhijani

“We don’t want our managers handling a lot of cash. It’s not safe for them.” - Sumeet Makhijani

“What I always tell LP’s is, you should always get to know the operator, the general partner. See if there’s a good cultural fit and see if you have the same values.” - Sumeet Makhijani

“I think that they’re going to flock toward [the coastal areas] naturally because things look the prettiest there, and they’re well developed.” - Sumeet Makhijani

“Anything is up for sale, though we plan on keeping things long term. But we keep an open mind to offers as they come and we take them seriously.” - Sumeet Makhijani