The Stigma is Strong with Mobile Home Park Investing

Episode 9 August 04, 2020 00:05:37
The Stigma is Strong with Mobile Home Park Investing
Passive Mobile Home Park Investing
The Stigma is Strong with Mobile Home Park Investing

Aug 04 2020 | 00:05:37

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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 about the 9th reason why you should invest in mobile home parks, and this is because of the HUGE stigma surrounding mobile home parks. Andrew will go over the bad reputation surrounding the asset class and why this is actually great for the few investors that aren’t scared away. In this episode, Andrew will also share some personal stories involving this topic as well.

***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 1,300 lots under management. His team currently manages over 20 manufactured housing communities across nine states – AR, 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.

Would you like the pre-investment checklist that I use to review mobile home park deals before I invest in them? We are offering this as a free gift if you go to iTunes and leave a five-star review. To get the pre-investment checklist, leave us a five-star review on iTunes and then send us an email at [email protected]. In the email, please tell us who you are, what screen name you used to leave that review, and we’ll send the pre-investment checklist, directly to your inbox.

 

Talking Points:

 

Resources/Links:

Keel Team, official website

Andrew Keel, official website

Andrew Keel, LinkedIn

Facebook page

Instagram page

Twitter: @MHPinvestors

YouTube channel 

 

Quotes:

“That deal went on to create a 74% cash-on-cash return and all initial capital was returned in 24 months. Thankfully, I didn’t give up after hearing no from my first option.” – Andrew Keel

“In mobile home park communities the housing layouts usually create clear sightlines which allow neighbors to have direct view of the nearby homes and this is invaluable for reducing property crime.” – Andrew Keel

“The artificial stigma around mobile home parks keeps the MHP cap rates consistently higher.” – Andrew Keel

“The stigma has been magnified 10x through TV shows like Trailer Park Boys, 8 Mile, and Cops, that have given mobile home parks a bad name. And this scares away most investors.” – Andrew Keel

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