Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode of the Passive Mobile Home Park Investing Podcast our host Andrew Keel guides us through the seemingly simple process of making a million dollars buying a mobile home park.

Did you know that by buying an 80 lot mobile home park in a good market and simply raising rents $30/ year for 3 years, you can make $1 million? It seems simple, but in this episode I unravel why this is NOT A GUARANTEE.

Andrew Keel defines what he thinks a prime market looks like for mobile home parks by focusing on things like poverty levels, population dynamics, top employers, and market rents.

Andrew talks about current mobile home park investment costs and the potential returns, the impact of higher interest rates, and what to expect if they decrease.

Andrew also highlights the significance of understanding the value of a single occupied mobile home park lot and emphasizes the importance of thorough due diligence and partnering with experienced investor operators to make a million dollars in this niche investment arena.

Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize 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. Check out KeelTeam.com to learn more.

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. 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

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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:

00:21 - Welcome to the Passive Mobile Home Park Investing Podcast

01:50 - Andrew’s definition of a good market: poverty levels, population growth, diverse employment, market lot ren...