Passive Mobile Home Park Investing

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

    OCT 15

    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
  2. Top Risks: Mobile Home Parks In Tertiary Markets

    OCT 8

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

    OCT 1

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

    SEP 24

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

    SEP 18

    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
  6. Interview with Yonah Weiss on Mobile Home Park Investment Tax Benefits in 2024

    SEP 4

    Interview with Yonah Weiss on Mobile Home Park Investment Tax Benefits in 2024

    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 the "king of cost segregation studies," Mr. Yonah Weiss of Madison Specs and Weiss Advice. As the Business Director at Madison SPECS, Yonah has been instrumental in saving clients hundreds of millions of dollars through strategic tax planning. He’s a highly respected figure in the commercial real estate (CRE) world and host of the popular Weiss Advice podcast. Together, Andrew Keel and Yonah Weiss explore the powerful impact of cost segregation through mobile home park investments. They dive into the intricacies of cost segregation studies, uncover common pitfalls, and track the evolution of bonus depreciation from 2020 to today. They also look ahead to what the future may hold for these essential tax-saving strategies. Throughout the episode, you’ll discover how to maximize your returns by effectively leveraging cost segregation and bonus depreciation, understand the best timing for these strategies, and learn when they might NOT be the optimal choice. Additionally, the conversation covers key topics like capital expenditures and the importance of diversification when building a resilient mobile home park investment portfolio. Don’t miss this chance to gain invaluable insights from Andrew Keel and Yonah Weiss that could transform your mobile home park investment approach. ***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 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 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 pro...

    33 min
  7. 10 Common Due Diligence Mistakes in Mobile Home Park Investing

    AUG 27

    10 Common Due Diligence Mistakes in Mobile Home Park Investing

    Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew takes you through 10 common due diligence mistakes that newcomers often make when entering the mobile home park investing space. With his extensive experience, Andrew Keel breaks down each pitfall, offering valuable insights and practical advice on how to avoid them.   Here are the 10 mistakes to watch out for: Failing to Obtain a Mobile Home Park Zoning Certificate: Before buying a mobile home park that requires infill, securing a zoning certificate with setback requirements is crucial. Overlooking the Property Tax Increase: Be prepared for the property tax increase that often comes in the second year after your purchase. Re-assessing the property to the new purchase price from the sale. Opting for a Mobile Home Park Boundary Survey Instead of an ALTA Survey: An ALTA survey provides more comprehensive information, which is essential for accurate due diligence. Neglecting to Review a Full Year of the Mobile Home Park’s Utility Bills: Ensure you examine 12 months of water and sewer utility bills and usage data to avoid surprises. Skipping the Phase One Environmental Inspection: This inspection is vital to uncover any potential environmental risks before purchasing. Failing to Inspect Behind Mobile Homes: Don’t skip physically walking behind the mobile homes; it’s key to understanding the true condition of the property. Failing to Inspect Inside Park-Owned Mobile Homes: Thoroughly inspecting the interiors of mobile homes is essential for uncovering hidden issues. Overlooking Park-Owned Mobile Home Lost Title Costs: Account for the expenses related to obtaining and managing titles for park-owned homes. Neglecting to Discuss Responsibilities with the Power Company Engineer: A clear discussion with the power company engineer can prevent costly misunderstandings down the line. Skipping a Review of the Mobile Home Park’s Google Reviews: Reading the Google My Business reviews for the mobile home park can reveal important red flags.   Tune in now to discover why thorough due diligence is crucial for making informed decisions, reducing risk, and protecting your mobile home park investments. By dedicating time and resources to this pre-purchase due diligence process, you’ll be more likely to secure a sound and profitable mobile home park investment for the long term. ***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 ne...

    29 min
  8. Interview with John Lindley, President of the Michigan Manufactured Housing Association

    AUG 14

    Interview with John Lindley, President of the Michigan Manufactured Housing Association

    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 John Lindley, President of the Michigan Manufactured Housing Association. Since taking the helm as President and CEO of the 80-year-old Michigan Manufactured Housing, RV, and Campground Association in October 2021, John Lindley has become a leading advocate for the future of the manufactured housing industry. Before assuming his current role, John gained extensive experience as a lobbyist with Public Affairs Associates, one of Lansing’s most respected government relations firms, bringing that expertise to his leadership at the Michigan Manufactured Housing Association. In this episode, Andrew Keel and John Lindley dive deep into the crucial intersection of legislation and the mobile home park industry. John provides valuable insights on how mobile home park community owners can actively support Manufactured Housing Associations, emphasizing the importance of board involvement and not just donations. He also stresses the need for mobile home park owners to stay informed and to communicate effectively with legislators, using precise language to ensure their concerns are heard on key issues affecting mobile home park management. Tune in now to gain actionable strategies and expert insights from Andrew Keel and John Lindley, designed to help you succeed in the evolving mobile home park investing landscape! ***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. 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 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...

    31 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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