42 min
Interview with Elias Weiner from the BoaVida Group Passive Mobile Home Park Investing
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- Investing
Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks with experienced mobile home park owner/ operator Elias Weiner from the BoaVida Group. Today Andrew and Elias converse about how the mobile home park business has changed, interest rates and cap rates when refinancing, different value-add initiatives and the upcoming tiny homes movement.
Elias is the founder and President at The BoaVida Group. The BoaVida Group is a mobile home park and RV park real estate investment company that owns and operates over 165 properties with more than 20,000 home spaces. Elias is the 10th largest owner and operator of manufactured housing communities in the country.
***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 2,000 lots under management. His team currently manages over 30 manufactured housing communities across more than ten 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.
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
02:38 - Elias Weiner's story
10:05 - Raising money: syndications versus investment funds (in mobile home park investing)14:10 - The toughest hurdle for MHP operators18:20 - Management of mobile home parks19:58 - How Elias' mobile home park investment strategy has changed over the years22:24 - Utilities in mobile home parks25:33 - Value add components inside manufactured housing communities27:30 - The best investment opportunity right now (MHP related)31:14 - Projections for rent growth32:40 - Interest rates and cap rates (Are MHP's recession resistant?)36:13 - The most important things that passive investors need to look for before they invest into mobile home parks39:10 - Tiny homes movement40:27 - Getting a hold of Elias Weiner41:55 - Conclusion
Links & Mentions from This Episode:
BonaVida Group: https://www.theboavidagroup.com/
Elias email: eli@theboavidagroup.com
Keel Team's official website: https://www.keelteam.com/
Andrew Keel's official website: https://www.andrewkeel.com/
Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel
Andrew Keel Facebook page: https:/
Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks with experienced mobile home park owner/ operator Elias Weiner from the BoaVida Group. Today Andrew and Elias converse about how the mobile home park business has changed, interest rates and cap rates when refinancing, different value-add initiatives and the upcoming tiny homes movement.
Elias is the founder and President at The BoaVida Group. The BoaVida Group is a mobile home park and RV park real estate investment company that owns and operates over 165 properties with more than 20,000 home spaces. Elias is the 10th largest owner and operator of manufactured housing communities in the country.
***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 2,000 lots under management. His team currently manages over 30 manufactured housing communities across more than ten 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.
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
02:38 - Elias Weiner's story
10:05 - Raising money: syndications versus investment funds (in mobile home park investing)14:10 - The toughest hurdle for MHP operators18:20 - Management of mobile home parks19:58 - How Elias' mobile home park investment strategy has changed over the years22:24 - Utilities in mobile home parks25:33 - Value add components inside manufactured housing communities27:30 - The best investment opportunity right now (MHP related)31:14 - Projections for rent growth32:40 - Interest rates and cap rates (Are MHP's recession resistant?)36:13 - The most important things that passive investors need to look for before they invest into mobile home parks39:10 - Tiny homes movement40:27 - Getting a hold of Elias Weiner41:55 - Conclusion
Links & Mentions from This Episode:
BonaVida Group: https://www.theboavidagroup.com/
Elias email: eli@theboavidagroup.com
Keel Team's official website: https://www.keelteam.com/
Andrew Keel's official website: https://www.andrewkeel.com/
Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel
Andrew Keel Facebook page: https:/
42 min