Why Mobile Home Parks Have A Low Tenant Turnover Rate

Welcome back to the Passive Mobile Home Park Investing Podcast. My name is Andrew Keel, I'm a real estate investment specialist, entrepreneur, fitness advocate and family man.

On today’s episode, I’m going to be talking about the fourth reason why you should invest in mobile home parks. Reason #4 discusses how mobile home parks boast around a 5% tenant turnover rate, annually. This means that around 95% of mobile home tenants this year, will be there next year. Today I’ll talk about what that means for investors.

***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. ***

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 P[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:

• 00:20 - Hello and Welcome
• 00:33 - Reason #4: Low turnover rate
• 01:06 - Moving mobile homes
• 01:55 - Sun Communities statistics
• 03:20 - Exception: Park-owned mobile homes
• 03:53 -  Conclusion and teaser for the next episode
• 04:10 - 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:

• “Mobile home parks boast around a 5% tenant turnover rate, annually.” – Andrew Keel
• “75% of mobile home owners expect to stay in their homes for five years or more.” – Andrew Keel
• “Many mobile home tenants are retired and on a fixed income. The last thing they want to do is make a major move. Rent is practically guaranteed to be paid on time and in full by this class of tenants.” – Andrew Keel
• “Low tenant turnover is a huge reason why you should be investing in mobile home parks.” – Andrew Keel