Why the Number of Mobile Home Parks in the United States is Getting Smaller

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.

Today I’m talking about the second reason why you should invest in mobile home parks. Reason #2 is that the supply of mobile homes parks in the United States is shrinking every year. I’ll go over a couple of the biggest reasons why they’re disappearing, including the fact that they’re a loss leader for municipalities. I will also discuss what this 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. ***

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Talking Points:

• 00:21 - Hello and Welcome
• 00:30 - Reason #2: The supply of mobile home parks is shrinking
• 01:10 - ‘Endangered: San Antonio’s Vanishing Mobile Home Parks and a Path for Preservation’ which was written by UT Austin
• 02:55 - Mobile home parks are a loss leader for municipalities
• 04:05 - Supply-and-demand
• 04:21 - Conclusion and thank you
• 04:33 - 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:

• “Reason #2 as to why you should invest in MHPs is because the supply of mobile home park properties in the United States is shrinking every single year.” – Andrew Keel
• “There are roughly forty-four thousand manufactured home communities in the United States and mismanaged communities are being developed or shut down at an alarming rate. – Andrew Keel
• “ECON 101 taught us about supply-and-demand. With this supply and off-the-charts demand, this could equal great opportunity, right?.” – Andrew Keel
• “If you own one of the few or only mobile home parks in town, you’re the affordable housing equivalent of a standard oil company in 1910 and, yeah, you could possibly have a monopoly on the supply.” – Andrew Keel