The 10 Minute Mobile Home Park Deal Review

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 about how you can review a potential mobile home park investment opportunity in 10 minutes or less. Andrew goes over some great tips on where you should go for market research, rent comps and more! Andrew also goes over the most important things you need to look upfront when considering a passive mobile home park investment.

***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 1,400 lots under management. His team currently manages over 20 manufactured housing communities across ten states - AR, GA, IA, IL, IN, MN, NE, OH, PA and TN. 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

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:

00:18 - Welcome to the Passive Mobile Home Park Investing Podcast

00:40 - The key to getting a mobile home park deal done quickly and efficiently

01:32 - Researching the market

01:55 - 5 websites, tools, and go-to places for thorough research

05:32 - FEMA Flood Map

06:22 - Occupancy in the mobile home community

07:19 - The number of park-owned homes in the community

08:00 - The utility infrastructure

09:15 - Review the size of the lots and the park

10:47 - Pitched roof homes

11:23 - Lot rent competition in the area

12:04 - Conclusion

Resources/Links:

BestPlaces.net: https://www.bestplaces.net/

SpotCrime.com: https://spotcrime.com/

GreatSchools.org: https://www.greatschools.org/

RentOMeter.com: https://www.rentometer.com/

FEMA Flood Maps: https://msc.fema.gov/portal/home

Links & Mentions from This Episode:

Bigger Pockets website: https://www.biggerpockets.com/

Mobile Home University website: https://www.mobilehomeuniversity.com/

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

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

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

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

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

Twitter: @MHPinvestors

Quotes:

"You're going to want to research the market. You can change a lot about a specific piece of real estate through value-add initiatives and an attractive purchase price." - Andrew Keel

"If you see one large employer with, say, 50% of the workforce, this is a huge gamble on this company doing well into the foreseeable future and you need to be aware of that up front." - Andrew Keel

"The ideal set-up is public utilities, meaning that the community is on city-maintained water and sewer services." - Andrew Keel

"Most private sewer systems also have the potential to fail at their 50-year life expectancy." - Andrew Keel