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: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.

Talking Points:

00:21 - Introduction: Welcome to The Passive Mobile Home Park Investing Podcast!

01:24 - Key Challenges: Exploring the complexities of investing in mobile home parks with smaller lots and older mobile homes.

01:47 - Market Desirability: Understanding why older mobile homes can be more challenging to sell and