Why Mobile Home Parks Have Low Repairs and Maintenance Expenses

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

On today’s episode, we’re going to talk about the fifth reason why you should invest in mobile home parks: and this is because mobile home parks have low repairs and maintenance expenses. I’ll share my personal experiences and I’ll explain why mobile home parks have such low repairs and maintenance expenses.

***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. ***

Are you interested in diving deeper into mobile home park investing? Would a community of passive investors, experienced operators and beginners be helpful to you? If so, check out the Mobile Home Park Mastermind Facebook group. It can be found at facebook.com/groups/mhpmastermind. This group is updated daily with new content and has over 1000 current members. This is a great resource for you to get all of your questions answered in one place.

Talking Points:

• 00:20 - Hi and Welcome
• 00:30 - Reason #5: Low repair and maintenance expenses
• 01:30 - My first multi-family complex
• 02:37 - My first mobile home park
• 03:09 - Reducing risk
• 04:20 - Higher profits for passive investors
• 04:25 - Conclusion and teaser for the next episode
• 04:38 - Facebook MHP Mastermind Group

Resources/Links:

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

Quotes:

• “Most mobile home park owners do not own the mobile homes themselves, just the dirt underneath of them.” - Andrew Keel
• “For a short period, I owned the 9-unit apartment complex in Daytona Beach, and the 67-lot mobile home park in St. Louis Missouri at the same time. It didn’t take long to see which was taking up most of my time, and soon thereafter, I chose to sell the 9-unit apartment complex.” - Andrew Keel
• “The tenant-owned home ownership structure ultimately reduces risk.” – Andrew Keel
• “Mobile home parks have low repairs and maintenance expenses and this can result in higher profits for passive investors.” – Andrew Keel