Passive Mobile Home Park Investing

Andrew Keel
Passive Mobile Home Park Investing

Are you looking to invest in MHP’s without the headaches of tenants, toilets and trash? If so, you've come to the right place! Welcome to the Passive Mobile Home Park Investing Podcast! This is where you can get most of the education you need to passively invest in the highly profitable investment niche of mobile home parks. Hosted by active mobile home park investor and operator Andrew Keel, this show will guide you through 5 different series, which are: Why invest in mobile home parks?, How to invest in mobile home parks?, What to look for when investing in mobile home parks?, How to vet a mobile home park operator?, And finally, an interview series with mobile home park rockstars! Join us today to find out how you can retire early through the lucrative niche of passive mobile home park investing! This podcast is for informational purposes only and should not be depended upon for investment decisions.

  1. Interview with Jeff Flynn of Aspen Ridge Capital

    26 NOV

    Interview with Jeff Flynn of Aspen Ridge Capital

    Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew Keel sits down with Jeff Flynn, a Navy veteran and founder of Aspen Ridge Capital, to discuss his remarkable transition from military service to mobile home park investing. Jeff Flynn’s journey began during his final year in the Navy, when he worked as a mobile home park broker. Just three days after leaving the military, he fully immersed himself into his first mobile home park acquisition. In a short span, Jeff Flynn scaled his portfolio to eight mobile home parks and continues to focus on expanding his business.   Join Andrew Keel and Jeff Flynn as they explore the strategies that drive successful mobile home park investments. Topics include: Transitioning to MHP Investing: How Jeff Flynn moved from the military to owning mobile home parks within days of completing his service. Portfolio Growth and Syndication: Insights into scaling to eight parks and leveraging syndication effectively. Strategies for Raising Rents: Proven methods for increasing rents while maintaining resident satisfaction. Remote Management Success: How to manage mobile home parks from a distance using virtual assistants and on-site teams. Scaling Challenges: The risks of growing too quickly and strategies to avoid common pitfalls. AI Integration: How artificial intelligence has helped Jeff streamline operations and improve efficiency. Networking and Learning by Osmosis: Gaining valuable knowledge through conversations and investor connections. Creative Yet Disciplined Buying Criteria: Balancing flexibility and structure when targeting parks. Value-Add Opportunities in Smaller Trailer Parks: Why Jeff Flynn focuses on small- to mid-sized mobile home parks and works closely with mom-and-pop owners. Exit Strategies: Crafting a clear plan for long-term success in MHP investing. Septic Systems vs. City Sewer: Weighing the pros and cons of each system for mobile home parks. Infill Hacks and Niche Strategies: Tips for optimizing mobile home park occupancy and adding value. This episode is packed with actionable insights for anyone interested in mobile home park investing, uncovering value-add opportunities, or scaling quickly and effectively in this niche market. Listen now and start your journey toward passive MHP investing success! ***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 50 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 the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving ove...

    54 min
  2. Interview with Jake Bond and Paras Shah of GSC Investments

    5 NOV

    Interview with Jake Bond and Paras Shah of GSC Investments

    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 interviews two special guests, Jake Bond and Paras Shah of GSC Investments. Since launching GSC Investments in 2016, Jake Bond and Paras Shah have built a thriving portfolio of over 40 institutional-quality mobile home parks, including two active ground-up development manufactured housing community projects. Together, they discuss their mobile home park investing journey and share valuable insights for building and maintaining high-quality mobile home communities that attract long-term, loyal residents in some of the nations top markets. Join Andrew Keel, Jake Bond and Paras Shah as they dive into the strategies that set successful mobile home park investments apart. They cover essential topics like: The importance of providing well-maintained, affordable mobile homes to foster stable mobile home park communities. Effective tactics for attracting and retaining "sticky" tenants who view mobile home parks as their forever home. Overcoming misconceptions and biases surrounding mobile home parks and reshaping public perception. Navigating the impact of mobile home park rent control laws in the Pacific Northwest. How market education and community density considerations play a role in sustainable mobile home park growth. Tune in to gain a fresh perspective on the mobile home park investing industry and learn what it takes to succeed in this unique commercial real estate investment sector. ***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 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 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. 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. 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. Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, and it would mean the absolute world to me if you could help contribute to that. Thanks ahead of time for making my day with your review of the show. Would you like to see value-add mobile home park projects in progress? If so, follow us on Instagram:

    55 min
  3. Top Risks: Buying Mobile Home Parks with Small Lots and Older Mobile Homes

    29 OCT

    Top Risks: Buying Mobile Home Parks with Small Lots and Older Mobile Homes

    Welcome back to another episode of The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In this episode, Andrew Keel dives deeper into his mini-series on some of the key risks in mobile home park investing, highlighting a critical yet often overlooked topic: investing in mobile home parks with small lot sizes and older mobile homes. Andrew Keel discusses essential factors to consider, including: Challenges in Sourcing and Selling Smaller Mobile Homes: Discover why smaller mobile home park lot sizes can limit options and impact profitability. Zoning Hurdles: Learn about potential zoning and setback restrictions and how they can affect mobile home park operations. What is a Mobile Home’s Life Expectancy?: Understand the typical lifespan of older mobile homes and the maintenance costs that come with them. Tune in for valuable insights and practical strategies to help you navigate these unique challenges and make smarter, more informed decisions in mobile home park investing. ***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This episode 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 50 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 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. 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. 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. Book a 1 on 1 consultation with Andrew Keel to discuss: A mobile home park deal review (get live feedback on your own MHP deal!) Mobile home park due diligence questions How to raise capital from investors for mobile home parks Mistakes to avoid in mobile home park investing, and more! Click Here to book the 1 on 1 consultation: https://intro.co/AndrewKeel Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, and it would mean the absolute world to me if you could help contribute to that. Thanks ahead of time for making my day with your review of the show. Would you like to see value-add mobile home park projects in progress? If so, follow us on Instagram:

    11 min
  4. Top Risks: Private vs. Public Utilities in Mobile Home Park Investing

    15 OCT

    Top Risks: Private vs. Public Utilities in Mobile Home Park Investing

    Welcome back to another episode of The Passive Mobile Home Park Investing Podcast with your host, Andrew Keel! In this episode, Andrew dives into a crucial aspect of mobile home park investing: utility infrastructures. Utilities are a key factor that can make or break a mobile home park investment. Whether you’re a new or experienced mobile home park investor, understanding the risks tied to both private and public utility systems is essential for safeguarding your investment. As part of Andrew’s ongoing series on some of the top risks in mobile home park investing, today’s discussion highlights the differences between private and public utility systems. Private utility systems include things such as well water treatment and septic sewer systems, lagoon sewer systems and wastewater treatment plants. Public water and sewer is always the most preferred setup when buying a mobile home park and Andrew discusses why… You’ll learn practical tips on how to evaluate these utility systems during the due diligence process to avoid costly mistakes and maximize your returns.   Key Points Covered in This Episode: Utility Due Diligence in Mobile Home Park Investing: What you need to know when evaluating utility systems during your investment process. Private Utilities in Mobile Home Parks: A closer look at well systems and sewer infrastructure, and how they can impact your mobile home park's operation. Why lagoon systems and wastewater treatment plants are potential red flags you should avoid. Public Utilities in Mobile Home Parks: Why are they preferred? Lift Stations inside of a Mobile Home Park: Understanding the role of lift stations and why they’re critical in both private and public utility setups. MHU (Mobile Home University) Reference Library: Discover how to leverage Mobile Home University’s due diligence checklist for utilities to ensure a thorough evaluation. Orangeburg Sewer Lines: Learn about the impact of aging Orangeburg sewer lines on utility decisions and how they can affect older mobile home parks. By the end of this episode, you'll have a better understanding of the challenges and risks associated with mobile home park utility infrastructure and how to potentially navigate them to make more informed, risk-conscious mobile home park investment decisions. Don’t miss out on this essential information for protecting and growing your mobile home park investments! Be sure to subscribe, rate, and leave a review for The Passive Mobile Home Park Investing Podcast to stay updated with more expert insights. ***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 50 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 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 op...

    23 min
  5. Top Risks: Mobile Home Parks In Tertiary Markets

    8 OCT

    Top Risks: Mobile Home Parks In Tertiary Markets

    Welcome back to another episode of The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In today’s episode, Andrew Keel continues his insightful mini-series on some of the top risks involved in mobile home park investing. This episode zeroes in on the risks specific to investing in mobile home parks in tertiary markets—areas with smaller populations that can offer both unique opportunities and significant challenges for trailer park investors. Andrew Keel breaks down the specific risks associated with mobile home park investing in tertiary markets, ranging from limited infrastructure to economic instability, and offers actionable strategies to potentially mitigate these risks.   Key Points Covered in This Episode Include: Low population density and the impact of reduced demand in tertiary mobile home park markets How the distance from key amenities can affect the value and performance of mobile home park investments Challenges of selling mobile homes in small towns, and effective strategies to overcome these obstacles Longer travel times for mobile home park owners and operators, and how this impacts management efficiency The difficulty of finding reliable service providers and contractors in remote areas The financial risks of infill costs in mobile home park investments in less populated regions Limited options for utility companies, and how this can complicate mobile home park operations Public transportation limitations in tertiary markets and their effect on tenant demand and mobile home park investing success   If you're thinking about mobile home park investing in tertiary markets, it’s crucial to understand these risks and how to navigate them effectively. Whether you're a seasoned mobile home park investor or just starting your passive investing journey, this episode offers valuable insights to help you make informed decisions and manage the complexities of investing in mobile home parks located in tertiary markets. Tune in now to learn how to evaluate and manage these investment risks, protect your assets, and potentially achieve long-term success in mobile home park investing! ***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 50 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 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. 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....

    13 min
  6. Top Risks: Why Infill & Low Occupancy Mobile Home Park Projects Add Risk For Passive Investors

    1 OCT

    Top Risks: Why Infill & Low Occupancy Mobile Home Park Projects Add Risk For Passive Investors

    Welcome back to The Passive Mobile Home Park Investing Podcast with your host, Andrew Keel! In this episode, Andrew Keel continues this insightful mini-series on some of the top risks involved with mobile home park investments. This time, the focus is on value-add mobile home park projects—particularly those with substantial infill and occupancy needs—and the heightened risks they present for passive investors and limited partners. Andrew breaks down the key challenges infill-heavy projects pose, offering practical advice on budgeting, avoiding common pitfalls, and understanding critical infrastructure costs. If you’re looking to invest into value-add infill mobile home parks, this episode is packed with actionable strategies to help you navigate these risks and make smarter decisions. Key topics covered include: The increased risk tied to value-add mobile home park projects with extensive infill Budgeting tips and strategies to manage infill-related expenses Weighing the pros and cons of using new versus used mobile homes in infill projects How to match home sizes with lot sizes for maximum efficiency Understanding the true cost of foundation concrete work and utility infrastructure upgrades Whether you're a seasoned mobile home park investor or just starting your journey, Andrew Keel offers valuable insights to help you potentially minimize risk and boost returns. Tune in now to gain the knowledge you need to enhance your mobile home park investment strategy! ***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 50 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 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. 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. 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. Book a 1 on 1 consultation with Andrew Keel to discuss: A mobile home park deal review (get live feedback on your own MHP deal!) Mobile home park due diligence questions How to raise capital from investors for mobile home parks Mistakes to avoid in mobile home park investing, and more! Click Here to book the 1 on 1 consultation:

    29 min
  7. Top Risks: Converting Park-Owned Mobile Homes (POH) To Tenant-Owned Mobile Homes (TOH)

    24 SEPT

    Top Risks: Converting Park-Owned Mobile Homes (POH) To Tenant-Owned Mobile Homes (TOH)

    Welcome back to the Passive Mobile Home Park Investing Podcast with your host, Andrew Keel! In this episode, Andrew Keel kicks off a new mini-series on some of the top risks associated with owning a mobile home park. In this first installment, Andrew Keel dives deep into the critical process of converting park-owned mobile homes (POH) to tenant-owned mobile homes (TOH)—a pivotal strategy for many mobile home park investors. As a seasoned mobile home park operator, Andrew Keel discusses some of the risks associated with transitioning a mobile home park from POH to TOH, providing a step-by-step guide for investors looking to maximize returns while reducing management headaches. He also shares essential insights that every passive investor should know before embarking on this trailer park conversion process. While mobile home park investing could potentially offer tremendous cash flow opportunities, success largely depends on understanding and executing the park-owned mobile homes (POH) to tenant-owned mobile homes (TOH) conversions effectively. Whether you're a first-time investor or seeking to improve your current mobile home park portfolio, this episode is jam packed with actionable advice to help you potentially boost profitability and mitigate risk.   Key Topics Covered: The pros and cons of owning park-owned mobile homes (POH) vs. tenant-owned mobile homes (TOH). A step-by-step guide to converting POH to TOH. Common pitfalls to avoid during the park-owned mobile home conversion process. How converting to tenant-owned mobile homes could possibly lead to increased net cash flow and reduced management effort.   Tune in now to discover how you can make informed and profitable decisions as a passive investor in mobile home parks! ***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 50 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 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. 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. 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.   Book a 1 on 1 consultation with Andrew Keel to discuss: A mobile home park deal review (get live feedback on your own deal!) Mobile home park due di...

    20 min
  8. Institutional Deals with Mike Nissley of Colliers Manufactured Housing & RV Group

    18 SEPT

    Institutional Deals with Mike Nissley of Colliers Manufactured Housing & RV Group

    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 interviews Mike Nissley, founding member, Vice Chair and National Director of the Manufactured Housing & RV Group at Colliers. With an estimated $100 billion in manufactured housing community sales, consulting, valuation, and financing under his belt, Mike Nissley brings a wealth of experience, including high-profile assignments for major MH industry players like Parkbridge, Keystone, Carlyle, Sun, RHP, ELS, Inspire, Yes! Communities, and CAPREIT. Recently, Mike Nissley led the sale of a $200 million, 24-property Canadian manufactured home portfolio, marking the 2nd largest portfolio acquisition in Canada’s manufactured home and RV resort sector. He also successfully closed major deals in Florida, including a $114 million and $86 million mobile home community (MHC) portfolio in 2022 and 2023, respectively. During the conversation, Andrew Keel and Mike Nissley dive into critical topics such as: Key steps for determining the value of mobile home parks Challenges and opportunities of park-owned mobile homes Mobile home park due diligence essentials How institutional investors evaluate mobile home parks Building a winning team in the mobile home park sector Mike Nissley also shares his personal journey into mobile home park investing, offering actionable insights for both seasoned investors and those just starting out. If you’re looking to deepen your knowledge of mobile home park investments, this episode is packed with expert tips and strategies to guide your success. ***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 50 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 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. 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. 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. Book a 1 on 1 consultation with Andrew Keel to discuss: A mobile home park deal review (get live feedback on your own deal!) Mobile home park due diligence questions How to raise capital from investors for mobile home parks Mistakes to avoid...

    45 min

About

Are you looking to invest in MHP’s without the headaches of tenants, toilets and trash? If so, you've come to the right place! Welcome to the Passive Mobile Home Park Investing Podcast! This is where you can get most of the education you need to passively invest in the highly profitable investment niche of mobile home parks. Hosted by active mobile home park investor and operator Andrew Keel, this show will guide you through 5 different series, which are: Why invest in mobile home parks?, How to invest in mobile home parks?, What to look for when investing in mobile home parks?, How to vet a mobile home park operator?, And finally, an interview series with mobile home park rockstars! Join us today to find out how you can retire early through the lucrative niche of passive mobile home park investing! This podcast is for informational purposes only and should not be depended upon for investment decisions.

You Might Also Like

To listen to explicit episodes, sign in.

Stay up to date with this show

Sign in or sign up to follow shows, save episodes and get the latest updates.

Select a country or region

Africa, Middle East, and India

Asia Pacific

Europe

Latin America and the Caribbean

The United States and Canada