Passive Mobile Home Park Investing

Andrew Keel
  • 4.9 (247)
  • 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. Scaling Manufactured Housing Communities with Systems & AI — Interview with Matthias Gruenwald

    APR 20

    Scaling Manufactured Housing Communities with Systems & AI — Interview with Matthias Gruenwald

    GUEST: Matthias Gruenwald, Co-Founder and Managing Partner of WCG Investments HOST: Andrew Keel Learn how to invest in mobile home parks: https://keelteam.com/mobile-home-park-investing/ Episode Summary Andrew Keel sits down with Matthias Gruenwald, a real estate investor and operator who successfully transitioned from 18 years in global automotive manufacturing to full-time real estate investing in the manufactured housing community space. Originally from Germany, Matthias now oversees approximately $45 million in real estate assets across 25 mobile home parks. This episode is a masterclass in modern mobile home park investing and operations, diving into how Matthias broke into the industry, scaled his portfolio, and built efficient management systems. Listeners will gain actionable insights on: Building a proprietary property management company from the ground up. Leveraging Virtual Assistants (VAs) and AI in operations. The realities of managing challenging park-owned homes (POHs). Identifying the Key Performance Indicators (KPIs) and operational levers that drive Net Operating Income (NOI). Effective strategies for sourcing deals and identifying acquisition red flags. About the Host: Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management across more than 50 communities in 15+ states. Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes: Bringing in mobile homes to fill vacant lots. Implementing utility bill-back programs. Improving overall management and operating efficiencies in mobile home parks. These strategies significantly boost both asset value and net operating income. Learn more at keelteam.com. Find out more about Andrew’s story at andrewkeel.com. Learn how to invest in mobile home parks: https://keelteam.com/mobile-home-park-investing/ Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” available here: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/. Support the Show If you are getting value out of this podcast, please head over to iTunes and leave a quick five-star review to help us hit our goal of over 500 total 5-star reviews. Leave a Review on Apple Podcasts (iPhone, iPad, or Mac users): Leave a Review on Apple Podcasts Follow Our Projects: See mobile home park projects in progress on Instagram: @passivemhpinvesting. Subscribe to the Passive Mobile Home Park Investing Podcast YouTube Channel: https://...

    56 min
  2. Trading Tesla for Mobile Home Trailers - Leo Young’s Mobile Home Park Investing Journey

    11/11/2025

    Trading Tesla for Mobile Home Trailers - Leo Young’s Mobile Home Park Investing Journey

    Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew Keel sits down with Leo Young, co-founder of Cornell Communities, to discuss his journey from working at Tesla to building a successful career in mobile home park investing. Leo shares what drew him to the mobile home park investment thesis, how he built an efficient operations team to scale his trailer park portfolio, and the key lessons he has learned from both wins and mistakes. Listeners will hear real-world insights on raising capital, managing park-owned mobile homes, navigating rent control and regulatory changes, and what it really takes to create passive income through mobile home park investments. With experience on a $4.5 billion private equity acquisition team and over $50 million in real estate transactions, Leo brings a unique perspective combining operational expertise, strategic investing, and hands-on management to the mobile home park investing asset class.   Topics covered in this episode: Leo Young’s journey from Tesla to mobile home park investing What first attracted him to the mobile home park investment thesis Building an efficient operations team to scale a mobile home park portfolio Raising capital for mobile home park investments Lessons learned from mobile home park deals that looked good on paper but failed in reality and in due diligence Managing park-owned mobile homes and ensuring reliable on-site managers The importance of having strong people on the ground and being on-site Navigating rent control and increasing regulatory pressures The mindset and work ethic required to succeed in the mobile home park industry Spicy lightning round: fun insights and quick takes on manufactured housing communities About Leo Young Leo Young is the co-founder of Cornell Communities and has been involved in over $50 million worth of real estate transactions. He previously served on the acquisition team of a $4.5 billion private equity fund. Before real estate, Leo was the #1 Regional Salesperson at Tesla, an experience that shaped his approach to operations, leadership, and scaling investments in mobile home parks. About Andrew Keel Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states. Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes: Bringing in mobile homes to fill vacant lots. Implementing utility bill-back programs. Improving overall management and operating efficiencies in mobile home parks. These strategies can significantly boost both asset value and net operating income. Learn more at keelteam.com Chec...

    32 min
  3. Andrew Cramer’s $300 Million Mobile Home Park Investing Journey

    11/04/2025

    Andrew Cramer’s $300 Million Mobile Home Park Investing Journey

    Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew Keel sits down with Andrew Cramer, Founder of Bridgeview Asset Management, to discuss what it really takes to succeed in mobile home park investing. Since 2011, Andrew Cramer has acquired and managed over 3,000 mobile home park units, building a portfolio valued at more than $300 million. He shares his unique journey from chemistry and hedge funds to mobile home park investor, offering insights into both the operational and investor sides of the business. Andrew Keel and Andrew Cramer dive into the lessons learned from building a high-performing mobile home park team, executing a game-changing mobile home park deal that reshaped his strategy, and navigating the brokerage community. They also cover the importance of understanding the towns and people behind each mobile home park, breaking common industry stigmas, and strategies for scaling a mobile home park investment portfolio successfully. Topics covered in this episode: Andrew Cramer’s journey from chemistry and hedge funds to mobile home park investing Learning the mobile home park business through trial and error Building an investor-focused mobile home park team and processes Executing a transformative mobile home park acquisition Navigating the mobile home park brokerage community Why understanding the town and people behind each mobile home park matters Common mobile home park investing myths Andrew Cramer shares key lessons from scaling thousands of mobile home park units, building a strong team, and evaluating communities—insights every investor and operator can use. About Andrew Keel Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states. Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes: Bringing in mobile homes to fill vacant lots. Implementing utility bill-back programs. Improving overall management and operating efficiencies in mobile home parks. These strategies can significantly boost both asset value and net operating income. Learn more at keelteam.com Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” — available on our website: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/ Andrew has been featured on some of the top podcasts in the manufactured housing space. Listen to his most recent interviews here: keelteam.com/podcast-links. To successfully i...

    55 min
  4. Interview with Brad Johnson of Vintage Capital- A Mobile Home Park Capital Allocator

    10/21/2025

    Interview with Brad Johnson of Vintage Capital- A Mobile Home Park Capital Allocator

    Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew Keel sits down with Brad Johnson, Managing Partner at Vintage Capital, to discuss what it really takes to build lasting success in mobile home park investing. With over 20 years of experience and $3.3 billion in real estate acquisitions, Brad Johnson has seen the mobile home park investing business from both sides — first as a mobile home park owner-operator, and now as a trailer park investment capital allocator. He also co-hosts The Alternative Investor Podcast, where he shares insights on tax-efficient and alternative real estate investing. Andrew Keel sits down with Brad Johnson to discuss mobile home park investing from both the operator and investor perspective. They cover Brad’s journey from mobile home park operator to mobile home park capital allocator, key lessons learned, how to identify strong deals, which regions and infrastructure types are performing best, and common mobile home park investing myths.   Topics covered in this episode: Brad’s journey from mobile home park operator to capital allocator Evaluating mobile home park operators and deals effectively Why investing in top mobile home park management talent matters Types of mobile home park investors and operators today High-performing regions and mobile home park infrastructure types (septic, wastewater treatment plants, lagoons) Common mobile home park investing myths If you want to understand mobile home park investing from both the operational and investment perspectives, this conversation is full of valuable takeaways.   About Andrew Keel Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states. Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes: Bringing in mobile homes to fill vacant lots. Implementing utility bill-back programs. Improving overall management and operating efficiencies in mobile home parks. These strategies significantly boost both asset value and net operating income. Learn more at keelteam.com Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” — available on our website: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/ Andrew has been featured on some of the top podcasts in the manufactured housing space. Listen to his most recent interviews here: keelteam.com/podcast-links. To successfully implement his management strategy, Andrew’s team often relocates on-site during the f...

    42 min
  5. Kevin Bupp: 16 Years of Mobile Home Park Investing, Lessons Learned & What’s Next

    08/28/2025

    Kevin Bupp: 16 Years of Mobile Home Park Investing, Lessons Learned & What’s Next

    Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In today’s episode, Andrew sits down with industry leader Kevin Bupp, Founder & CEO of Sunrise Capital Investors. If you’ve been tuning in for a while, you might remember Kevin’s appearance back in Episode 18 (2021). Now, he’s back to share fresh lessons and new perspectives gained from four more years of growing a nationwide mobile home park portfolio. With more than 16 years in mobile home park investing, Kevin Bupp has become a recognized voice in the industry. His firm, Sunrise Capital Investors, manages communities across the U.S. while also expanding into parking facility investments. Beyond operations, Kevin is the bestselling author of The Cashflow Investor and the host of the top-rated Real Estate Investing for Cash Flow Podcast. In this episode, Andrew Keel and Kevin Bupp dive into Kevin’s mobile home park investing journey and the lessons learned in the field, including: The mobile home park deal that got away — and what it taught Kevin Bupp about risk, discipline, and timing. How Kevin's mobile home park underwriting and approach to private utilities has evolved over time. The story Andrew Keel uncovers about Kevin Bupp's very first mobile home park acquisition in Lovejoy, GA, and the challenges that came with it. Kevin’s mission, discussed with Andrew Keel, to break the stigma around mobile home parks while providing affordable housing solutions. Why Kevin Bupp is diversifying into parking garages and parking lots as part of his long-term investment strategy. A fun, rapid-fire Q&A round where Andrew Keel puts Kevin Bupp on the spot with questions generated by AI ChatGPT. Whether you’re exploring passive investing in mobile home parks, looking for insider insights into mobile home park syndication, or simply curious about what it takes to scale in this niche asset class, this candid conversation between Andrew Keel and Kevin Bupp is a must-listen. About Andrew Keel Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states. Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes: Bringing in mobile homes to fill vacant lots. Implementing utility bill-back programs. Improving overall management and operating efficiencies in mobile home parks. These strategies significantly boost both asset value and net operating income. Learn more at keelteam.com Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” — available on our website: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/ Andrew has been featured on some of the top podcasts in the manufactured housing spa...

    36 min
  6. Investing in mobile home parks for time freedom with Kyle Grimm

    03/04/2025

    Investing in mobile home parks for time freedom with Kyle Grimm

    Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In this episode, Andrew Keel sits down with Kyle Grimm, a full-time real estate investor based in Quincy, Illinois. Kyle Grimm’s journey began in high school when he made his first investment—a house he purchased for just $5,000! Fast forward to today, and Kyle Grimm has built an impressive portfolio spanning single-family homes, small multifamily properties, self-storage facilities, mobile home parks, and even an RV campground. Currently, Kyle Grimm owns 330 mobile home park lots, with 95 more units under contract. Kyle Grimm shares hard-earned lessons from his investing career, including his first mobile home park deal, the importance of vertical integration within mobile home park investing, and how to build a successful trailer park investment strategy. Kyle Grimm and Andrew Keel also tackle mobile home park industry challenges like rent control regulations, cash flow management, and the stigma surrounding mobile home parks. Listen in for real-world insights, actionable investing tips, and lessons from Kyle Grimm’s journey! Andrew Keel is the owner of Keel Team, LLC, a Top 44 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages over 40 manufactured housing communities across more than 15 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. Check out Andrew Keel’s FREE e-book, “The Top 20 Things You Need to Know Before You Start Investing in MHPs” which you can also find on our website,  https://keelteam.com/ 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. Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick five-star review. We have a goal of hitting over 500 total 5-star reviews, and it would mean the absolute world to us if you could help contribute to that. Thanks ahead of time for making our day with your five-star review of the show. 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

    54 min
  7. Interview with Patrick McDonald & Nick Cebula of CMG Parks

    02/04/2025

    Interview with Patrick McDonald & Nick Cebula of CMG Parks

    Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In today’s episode, Andrew sits down with Patrick McDonald and Nick Cebula, co-founders of CMG Parks to discuss their journey in building a 30 property mobile home park and RV park portfolio across six states, providing affordable housing for nearly 2,000 residents. Patrick McDonald and Nick Cebula, both alumni of Washington State University come from backgrounds in medical sales management and financial planning. Together, they leveraged their expertise to launch a specialized real estate investment firm focused on value-add mobile home park opportunities in the Pacific Northwest. In this episode, you'll learn: - How Patrick McDonald and Nick Cebula transitioned from traditional careers into Mobile Home Park investing - The unique challenges and opportunities in the Pacific Northwest Mobile Home Park market - Why legislation, rent control, and park-owned homes can make or break a mobile home park investment - The one big factor that allowed all three—Patrick McDonald, Nick Cebula, and Andrew Keel—to break into the mobile home park investing industry (and how you might have it too!) If you’re looking for insider strategies to scale your mobile home park portfolio, this episode is a must-listen! 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. 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: @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 with Andrew Keel 03:04 – Why success in mobile home park investing takes time—and how having a supportive spouse can make a difference 07:20 – The importance of real estate education before diving into mobile home park investing 08:22 –...

    43 min
  8. Building a Wisconsin Mobile Home Park Portfolio With Dustin Wiskes

    01/14/2025

    Building a Wisconsin Mobile Home Park Portfolio With Dustin Wiskes

    Join host Andrew Keel in this episode of The Passive Mobile Home Park Investing Podcast as he interviews special guest Dustin Wiskes, a full-time engineer and accomplished mobile home park investor in the state of Wisconsin. Dustin Wiskes began his real estate journey in 2021 with a value-add, 28-space mobile home park in western Wisconsin. Just four years later, he now owns 9 mobile home communities with a total of approximately 275 pads, all located in Wisconsin. Dustin Wiskes shares his inspiring mobile home park investing story of starting small and scaling up while balancing the demands of a full-time career. From navigating his first mobile home park deal to overcoming challenges like mobile home park utility infrastructure issues and market evaluation, Dustin Wiskes offers invaluable insights for investors at every stage of their journey.   Key Topics Covered in This Episode: Dustin Wikes’ First Deal: Lessons learned from purchasing and managing a value-add mobile home park. The Importance of Due Diligence: How proper research can prevent costly mistakes. Submetered Mobile Home Parks: The advantages and potential challenges of submetering water and sewer. Balancing a Full-Time Career and Real Estate: Tips for managing nine mobile home parks while working as an engineer. Public Utilities vs. Septic Systems: Insights into infrastructure decisions and their impact on mobile home park operations. Market Research: Evaluating Metropolitan Statistical Areas (MSAs) to identify lucrative opportunities. Scaling a Portfolio: Strategies for growing your mobile home park investments while maintaining work-life balance. Building Trust with General Partners (GPs): Establishing successful partnerships in real estate. Overcoming Mobile Home Park Utility Infrastructure Challenges: Real-world examples of dealing with outdated systems and unengaged owners.   Whether you’re a seasoned mobile home park investor or just beginning to explore passive real estate investing, this episode is filled with actionable strategies and valuable lessons to help you grow your portfolio and achieve financial freedom. 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

    57 min
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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.

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