Mobile Home Parks are a Highly Fragmented Asset Class

Welcome back to the Passive Mobile Home Park Investing Podcast. My name is Andrew Keel.

In this episode, I talk about reason #7, which is all about how mobile home parks are a highly fragmented asset class. Of the 44,000 mobile home parks in the United States, it’s estimated that about 90% of these mobile home parks are still owned by mom and pop operators. I’ll talk about what this means for investors and why now is a great time for you to start investing in 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. ***

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Talking Points:

• 00:18 - Hello and Welcome
• 00:33 - Reason #7 Mobile Home Parks are a Highly Fragmented Asset Class
• 01:15 - Ripe for consolidation
• 02:22 - Mom and Pop mobile home park owners
• 03:27 - Now is the time
• 03:55 - Pre-investment checklist

Resources/Links:

• Keel Team, official website
• Andrew Keel, official website
• Andrew Keel, LinkedIn
• Facebook page
• Instagram page
• Twitter: @MHPinvestors
• YouTube channel

Quotes:

“This is the only remaining real estate asset class still ripe for consolidation--and it’s coming!” – Andrew Keel

“It is estimated that there are 44,000 mobile home parks in the US. It’s also estimated that about 90% of these mobile home parks are still owned by mom and pop operators.” – Andrew Keel

“Now is the time to jump into the mobile home park asset class due to the majority of owners who are ready to pass on the torch to the next generation.” – Andrew Keel

“93% of multi-family apartments (above 50 units) are owned by operators who have multiple assets. This doesn’t mean that they’re all well run, but it does mean that, in general, these assets are owned by professional operators who are looking to get as much value out of these as possible.” – Andrew Keel

Brought to you by Andrew Keel of Passive Mobile Home Park Investing.