Justin Scribner

Welcome to Episode 120 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Anna and Justin Scribner restore vintage trailers for a living at Flyte Camp. On today’s show, Anna and Justin share how they got into this line of work, some of their favorite restoration projects, and why they no longer work on trailer models that are beyond the 1964 year mark.    Key Takeaways: [2:20] What did Anna and Justin do prior to fixing up vintage homes?  [5:45] How do Anna and Justin sell their vintage trailers?  [12:40] How does Anna and Justin find all the parts to their trailers?  [14:30] Justin shares his favorite restoration project to date.  [17:00] How much does a typical renovation cost?  [20:15] Were Spartans really built differently than other trailers back then? [23:20] Anna and Justin don’t renovate mobile homes past the 1964 year mark. What changed after that era?  [27:40] How doe Anna and Justin find and train their employees?  [33:20] Anna shares some funny client restoration stories.    Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Flytecamp.com Email: Contact@Flytecamp.com

Welcome to Episode 120 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Anna and Justin Scribner restore vintage trailers for a living at Flyte Camp. On today’s show, Anna and Justin share how they got into this line of work, some of their favorite restoration projects, and why they no longer work on trailer models that are beyond the 1964 year mark.  Key Takeaways: [2:20] What did Anna and Justin do prior to fixing up vintage homes?  [5:45] How do Anna and Justin sell their vintage trailers?  [12:40] How does Anna and Justin find all the parts to their trailers?  [14:30] Justin shares his favorite restoration project to date.  [17:00] How much does a typical renovation cost?  [20:15] Were Spartans really built differently than other trailers back then? [23:20] Anna and Justin don’t renovate mobile homes past the 1964 year mark. What changed after that era?  [27:40] How doe Anna and Justin find and train their employees?  [33:20] Anna shares some funny client restoration stories.  Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="http://www.flytecamp.com/" rel="nofollow" target="_blank">Flytecamp.com</a> Email: <a href="mailto:Contact@Flytecamp.com">Contact@Flytecamp.com</a>

VIDEO: EP120: Interview: Anna and Justin Scribner from Flyte Camp Tells Us All About Renovating Vintage Trailers

EP120: Interview: Anna and Justin Scribner from Flyte Camp Tells Us All About Renovating Vintage Trailers

Welcome to Episode 119 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is back after a short podcast hiatus with some interesting updates from the latest trade show he attended. Jefferson recommends you attend the NCC trade show to learn about the latest industry news and to network with others. He’s even gotten a deal out of it himself by attending this event!   Key Takeaways: [1:50] Who should go to the NCC trade show? [2:50] What economic trends have been affecting the housing industry? [7:50] Around 100,000 long-haul truck drivers will be put out of business in the next five years due to automation. [11:45] Interest rates are predicted to keep rising and we might see a mini-recession in the second half of the year. [15:00] A quick legislative and regulatory update. [21:45] Roughly 12% of all housing in Georgia is manufactured. [22:25] Nothing in section 107 of the 2155 law impacts rent-to-own agreements. [24:15] Invite all your local representatives to come to see your park and your community. Talk to them about what you’re doing. [24:51] The next talk was about how to properly manage your PR during a crisis. [30:25] Think about your positive tenants. Who are your allies? [31:35] Set Google Alerts for your name or for your park. [35:55] What is the state of the market currently? [39:25] Biggest challenge currently is hiring talented employees. [42:50] Preliminary data shows that pad rents increase faster than apartment rents do. [44:45] Have some questions or thoughts? Feel free to email Jefferson.   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Meltwater.com Chatmeter.com

Welcome to Episode 119 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is back after a short podcast hiatus with some interesting updates from the latest trade show he attended. Jefferson recommends you attend the NCC trade show to learn about the latest industry news and to network with others. He’s even gotten a deal out of it himself by attending this event! Key Takeaways: [1:50] Who should go to the NCC trade show? [2:50] What economic trends have been affecting the housing industry? [7:50] Around 100,000 long-haul truck drivers will be put out of business in the next five years due to automation. [11:45] Interest rates are predicted to keep rising and we might see a mini-recession in the second half of the year. [15:00] A quick legislative and regulatory update. [21:45] Roughly 12% of all housing in Georgia is manufactured. [22:25] Nothing in section 107 of the 2155 law impacts rent-to-own agreements. [24:15] Invite all your local representatives to come to see your park and your community. Talk to them about what you’re doing. [24:51] The next talk was about how to properly manage your PR during a crisis. [30:25] Think about your positive tenants. Who are your allies? [31:35] Set Google Alerts for your name or for your park. [35:55] What is the state of the market currently? [39:25] Biggest challenge currently is hiring talented employees. [42:50] Preliminary data shows that pad rents increase faster than apartment rents do. [44:45] Have some questions or thoughts? Feel free to email Jefferson. Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="https://www.meltwater.com/" rel="nofollow" target="_blank">Meltwater.com</a> <a href="https://www.chatmeter.com/" rel="nofollow" target="_blank">Chatmeter.com</a>

VIDEO: EP119: Tales from the Road: NCC/MHI Trade Show (National Communities 

EP119: Tales From The Road: NCC/MHI Trade Show (National Communities Council)

Dennis Smith

Freddie Mac

Welcome to Episode 118 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today’s guest is Dennis Smith from Freddie Mac. Freddie Mac is considered a GSE (government-sponsored enterprise) and with that comes the Duty to Serve mandate, which focuses on three underserved markets for those who make under 80% of the median income. On today’s show, Dennis explains what the Duty to Serve initiative means and how that affects both mobile home residents and owners.   Key Takeaways: [2:20] What did Dennis do prior to joining Freddie Mac? [3:40] Dennis dives into a little bit of the history of Freddie Mac and what GSE (government-sponsored enterprise) is. [4:15] Where did the ‘Duty to Serve’ mandate/regulation come from? [6:10] Duty to serve focuses on three underserved markets; Rural housing, affordable housing, and manufactured housing. How is rural housing defined? [7:40] How is affordable housing defined? [10:15] What does Duty to Serve mean for the residents of mobile home parks? [11:25] And, finally, what does Duty to Serve mean for the owners of mobile home parks?   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Freddiemac.com Freddiemac.com/about/duty-to-serve

Welcome to Episode 118 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today’s guest is Dennis Smith from Freddie Mac. Freddie Mac is considered a GSE (government-sponsored enterprise) and with that comes the Duty to Serve mandate, which focuses on three underserved markets for those who make under 80% of the median income. On today’s show, Dennis explains what the Duty to Serve initiative means and how that affects both mobile home residents and owners. Key Takeaways: [2:20] What did Dennis do prior to joining Freddie Mac? [3:40] Dennis dives into a little bit of the history of Freddie Mac and what GSE (government-sponsored enterprise) is. [4:15] Where did the ‘Duty to Serve’ mandate/regulation come from? [6:10] Duty to serve focuses on three underserved markets; Rural housing, affordable housing, and manufactured housing. How is rural housing defined? [7:40] How is affordable housing defined? [10:15] What does Duty to Serve mean for the residents of mobile home parks? [11:25] And, finally, what does Duty to Serve mean for the owners of mobile home parks? Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="http://www.freddiemac.com/" rel="nofollow" target="_blank">Freddiemac.com</a> <a href="http://www.freddiemac.com/about/duty-to-serve/" rel="nofollow" target="_blank">Freddiemac.com/about/duty-to-serve</a>

EP118: Interview Dennis Smith from Freddie Mac Discusses Duty To Serve

Merry Christmas from Park Street Partners

Merry Christmas from Park Street Partners

EP117: Merry Christmas from Park Street Partners

VIDEO: EP117: Merry Christmas from Park Street Partners

Welcome to Episode 116 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today’s guest is the first ever historian to appear on the show! Al Hesselbart is an RV and Mobile Home historian and has some very insightful knowledge into the evolution of the camper vehicle and what it has turned into today. Find out more about their history as we go all the way back to the beginning in 1910!   Key Takeaways: [3:05] What did Al do prior to getting into RVs and mobile homes? [4:55] What types of RVs does Al own currently? [10:50] The first automotive units available for camping purposes were identified in 1910. [11:55] What did the first ‘camping car’ look like? [15:35] What kind of features did a ‘Tin-Can Tourist’ have? [18:25] After the war in 1945, what kind of changes were made to the ‘RV’? [22:05] Americans saw a big shift in RVs in the 1960s and that’s how the mobile home was born! [23:00] As big capital invests more into RVs and mobile homes, has Al seen any changes in the way they’re structured? [25:00] What kinds of trends has Al seen in people who own RVs?   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com RVHistoryprograms.com Email Al: AlHesselbart@Aol.com Call Al: 574-361-7061

Welcome to Episode 116 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today’s guest is the first ever historian to appear on the show! Al Hesselbart is an RV and Mobile Home historian and has some very insightful knowledge into the evolution of the camper vehicle and what it has turned into today. Find out more about their history as we go all the way back to the beginning in 1910! Key Takeaways: [3:05] What did Al do prior to getting into RVs and mobile homes? [4:55] What types of RVs does Al own currently? [10:50] The first automotive units available for camping purposes were identified in 1910. [11:55] What did the first ‘camping car’ look like? [15:35] What kind of features did a ‘Tin-Can Tourist’ have? [18:25] After the war in 1945, what kind of changes were made to the ‘RV’? [22:05] Americans saw a big shift in RVs in the 1960s and that’s how the mobile home was born! [23:00] As big capital invests more into RVs and mobile homes, has Al seen any changes in the way they’re structured? [25:00] What kinds of trends has Al seen in people who own RVs? Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="http://www.rvhistoryprograms.com" rel="nofollow" target="_blank">RVHistoryprograms.com</a> Email Al: <a href="mailto:AlHesselbart@Aol.com">AlHesselbart@Aol.com</a> Call Al: 574-361-7061

EP116: Interview Al Hesselbart, RV and Mobile Home Historian

Welcome to Episode 115 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Denny Stone is based out of San Diego, California and is the owner of So Cal Vintage Trailer, which restores vintage trailers to running and functional condition. Denny shares his restoration process, what he likes about these vintage trailers and the types of people who are most attracted to these trailers.   Key Takeaways: [1:30] What did Denny do before he got into vintage RVs? [2:55] How does Denny find his trailers? [5:35] How long does it typically take to renovate a trailer? [7:50] How does Denny find the right parts for the vintage trailers? [10:10] Denny shares how he finds his talent and what the process looks like. [15:20] What makes a Spartan trailer different than the ones available today? [19:10] What other brands of trailers does Denny work on? [20:25] How much does the average restoration cost? [23:25] What kinds of modern upgrades does Denny add to these trailers? [25:45] Are there some aspects of the trailers in the 40s and 50s built better than trailers today? [28:50] Does Denny work on any mobile homes? [30:25] There are three types of markets or people who buy these types of trailers. [34:35] Denny shares some funny restoration stories. [36:15] Does Denny do any modifications for pets?   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Socalvintagetrailer.com Call Denny: 619-857-1847

Welcome to Episode 115 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Denny Stone is based out of San Diego, California and is the owner of So Cal Vintage Trailer, which restores vintage trailers to running and functional condition. Denny shares his restoration process, what he likes about these vintage trailers and the types of people who are most attracted to these trailers. Key Takeaways: [1:30] What did Denny do before he got into vintage RVs? [2:55] How does Denny find his trailers? [5:35] How long does it typically take to renovate a trailer? [7:50] How does Denny find the right parts for the vintage trailers? [10:10] Denny shares how he finds his talent and what the process looks like. [15:20] What makes a Spartan trailer different than the ones available today? [19:10] What other brands of trailers does Denny work on? [20:25] How much does the average restoration cost? [23:25] What kinds of modern upgrades does Denny add to these trailers? [25:45] Are there some aspects of the trailers in the 40s and 50s built better than trailers today? [28:50] Does Denny work on any mobile homes? [30:25] There are three types of markets or people who buy these types of trailers. [34:35] Denny shares some funny restoration stories. [36:15] Does Denny do any modifications for pets? Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="https://www.socalvintagetrailer.com/" rel="nofollow" target="_blank">Socalvintagetrailer.com</a> Call Denny: 619-857-1847

VIDEO: EP115: Interview Denny Stone of So Cal Vintage Trailer

Welcome to Episode 115 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Denny Stone is based out of San Diego, California and is the owner of So Cal Vintage Trailer, which restores vintage trailers to running and functional condition. Denny shares his restoration process, what he likes about these vintage trailers and the types of people who are most attracted to these trailers. Key Takeaways: [1:30] What did Denny do before he got into vintage RVs? [2:55] How does Denny find his trailers? [5:35] How long does it typically take to renovate a trailer? [7:50] How does Denny find the right parts for the vintage trailers? [10:10] Denny shares how he finds his talent and what the process looks like. [15:20] What makes a Spartan trailer different than the ones available today? [19:10] What other brands of trailers does Denny work on? [20:25] How much does the average restoration cost? [23:25] What kinds of modern upgrades does Denny add to these trailers? [25:45] Are there some aspects of the trailers in the 40s and 50s built better than trailers today? [28:50] Does Denny work on any mobile homes? [30:25] There are three types of markets or people who buy these types of trailers. [34:35] Denny shares some funny restoration stories. [36:15] Does Denny do any modifications for pets?   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Socalvintagetrailer.com Call Denny: 619-857-1847

Welcome to Episode 115 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Denny Stone is based out of San Diego, California and is the owner of So Cal Vintage Trailer, which restores vintage trailers to running and functional condition. Denny shares his restoration process, what he likes about these vintage trailers and the types of people who are most attracted to these trailers. Key Takeaways: [1:30] What did Denny do before he got into vintage RVs? [2:55] How does Denny find his trailers? [5:35] How long does it typically take to renovate a trailer? [7:50] How does Denny find the right parts for the vintage trailers? [10:10] Denny shares how he finds his talent and what the process looks like. [15:20] What makes a Spartan trailer different than the ones available today? [19:10] What other brands of trailers does Denny work on? [20:25] How much does the average restoration cost? [23:25] What kinds of modern upgrades does Denny add to these trailers? [25:45] Are there some aspects of the trailers in the 40s and 50s built better than trailers today? [28:50] Does Denny work on any mobile homes? [30:25] There are three types of markets or people who buy these types of trailers. [34:35] Denny shares some funny restoration stories. [36:15] Does Denny do any modifications for pets? Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="https://www.socalvintagetrailer.com/" rel="nofollow" target="_blank">Socalvintagetrailer.com</a> Call Denny: 619-857-1847

EP115: Interview: Denny Stone of So Cal Vintage Trailer

The Mobile Home Park Investors Podcast is the world’s first podcast dedicated to mobile home park investing. This weekly podcast explains the intricacies of this unique real estate niche and details why an investor would want to own a mobile home park, either directly or through a real estate fund. Current manufactured housing community owners will find this podcast helpful in improving their mobile home park’s operations and profitability. The Podcast is hosted by Jefferson Lilly and Brad Johnson who are the co-founders of Park Street Partners, a private real estate investment firm focused on mobile home parks. The company seeks to deliver its investors superior cash flow returns by acquiring and investing in undervalued mobile home parks. Park Street Partners does this while helping to solve America’s affordable housing crisis by improving communities and increasing the supply of housing in the markets it operates in.

This podcast is overflowing with value. Highly highly recommended.

These guys rock

Jefferson gives you a lighthearted, but honest look at the aspects of owning a MHP.

Excellent Info

The Mobile Home Park Investors Podcast is the world’s first podcast dedicated to mobile home park investing. This weekly podcast explains the intricacies of this unique real estate niche and details why an investor would want to own a mobile home park, either directly or through a real estate fund. Current manufactured housing community owners will find this podcast helpful in improving their mobile home park’s operations and profitability. The Podcast is hosted by Jefferson Lilly and Brad Johnson who are the co-founders of Park Street Partners, a private real estate investment firm focused on mobile home parks. The company seeks to deliver its investors superior cash flow returns by acquiring and investing in undervalued mobile home parks. Park Street Partners does this while helping to solve America’s affordable housing crisis by improving communities and increasing the supply of housing in the markets it operates in.

Mobile Home Park Investors with Jefferson Lilly & Brad Johnson

Marisa Murrow

Welcome to Episode 112 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today’s guest brings an interesting perspective and talent to the industry. Marisa Murrow is a visual artist and painter, and her subject matter? Mobile homes! Marisa explains on today’s show why mobile homes make her feel peaceful and free on today’s episode!   Key Takeaways: [2:25] What did Marisa do before she became a visual artist? [5:30] What kind of paint styles does she use? [6:30] How did Marisa get started in painting mobile home parks? [8:15] Marisa has been making mobile home park paintings for the last 15 years. [9:05] How many mobile homes has Marisa painted over the years? [11:35] What is Marisa process and how does she get started on painting a mobile home? [13:55] Marisa also does mobile home park sculptures! [17:10] What do people think of Marisa’s work? [22:10] How much does Marisa’s artwork sell for? [23:05] Marisa explains how her style has evolved over the years. [27:15] Marisa shares some funny stories about dealing with mobile home park owners and tenants.   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Marisamurrow.com Wayne Thiebaud

Welcome to Episode 112 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today’s guest brings an interesting perspective and talent to the industry. Marisa Murrow is a visual artist and painter, and her subject matter? Mobile homes! Marisa explains on today’s show why mobile homes make her feel peaceful and free on today’s episode! Key Takeaways: [2:25] What did Marisa do before she became a visual artist? [5:30] What kind of paint styles does she use? [6:30] How did Marisa get started in painting mobile home parks? [8:15] Marisa has been making mobile home park paintings for the last 15 years. [9:05] How many mobile homes has Marisa painted over the years? [11:35] What is Marisa process and how does she get started on painting a mobile home? [13:55] Marisa also does mobile home park sculptures! [17:10] What do people think of Marisa’s work? [22:10] How much does Marisa’s artwork sell for? [23:05] Marisa explains how her style has evolved over the years. [27:15] Marisa shares some funny stories about dealing with mobile home park owners and tenants. Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="https://marisamurrow.com/home.html" rel="nofollow" target="_blank">Marisamurrow.com</a> <a href="https://en.wikipedia.org/wiki/Wayne_Thiebaud" rel="nofollow" target="_blank">Wayne Thiebaud</a>

VIDEO: EP112: Art of the Deal: Marisa Murrow Tells Us About Painting Mobile Home Parks

Ben Braband

Welcome to Episode 86 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This episode is a continuation of last week’s interview with Ben Braband, a park owner who owns 2,300 pads and has been in business for the last 12 years. On the show, Ben shares how he organizes and manages his mobile homes and where he sees his business heading in the future.   Key Takeaways: [1:40] With 2,300, how does Ben keep organized? [5:20] How empowered are Ben’s managers? What do they handle? [7:45] How does Ben compensate his managers? [16:40] Would Ben like to grow and expand his business in the next couple of years? [17:45] How does Ben approach his deal sourcing opportunities? [18:55] Does Ben plan on selling anytime soon? [20:40] How has Ben involved his kids in the business that they may inherit one day? [22:25] What advice does Ben have for those who want to get into the business?   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com MobileHomeUniversity.com Dave Reynolds, MHP Funds Waste Water Treatment Plant  WWTP Inspections and Reporting CAPEX Saddlebackcommunities.com

Welcome to Episode 86 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This episode is a continuation of last week’s interview with Ben Braband, a park owner who owns 2,300 pads and has been in business for the last 12 years. On the show, Ben shares how he organizes and manages his mobile homes and where he sees his business heading in the future. Key Takeaways: [1:40] With 2,300, how does Ben keep organized? [5:20] How empowered are Ben’s managers? What do they handle? [7:45] How does Ben compensate his managers? [16:40] Would Ben like to grow and expand his business in the next couple of years? [17:45] How does Ben approach his deal sourcing opportunities? [18:55] Does Ben plan on selling anytime soon? [20:40] How has Ben involved his kids in the business that they may inherit one day? [22:25] What advice does Ben have for those who want to get into the business? Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="https://www.mobilehomeuniversity.com/" rel="nofollow" target="_blank">MobileHomeUniversity.com</a> <a href="http://www.mhpfunds.com/" rel="nofollow" target="_blank">Dave Reynolds, MHP Funds</a> <a href="https://en.wikipedia.org/wiki/Sewage_treatment" rel="nofollow" target="_blank">Waste Water Treatment Plant</a> <a href="https://www.epa.gov/sites/production/files/2013-09/documents/npdesinspect_0.pdf" rel="nofollow" target="_blank"> WWTP Inspections and Reporting</a> <a href="https://en.wikipedia.org/wiki/Capital_expenditure" rel="nofollow" target="_blank">CAPEX</a> <a href="http://www.saddlebackcommunities.com/" rel="nofollow" target="_blank">Saddlebackcommunities.com</a>

EP086: Interview: Ben Braband, Mobile Home Park Owner (2 of 2)

Welcome to episode 42 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson Lilly invites Robert Nelson on to the show to discuss the first mobile home park Robert found, and does an analysis on the property. Jefferson walks Robert through the process, and the math, to help him come to the conclusion whether the mobile park home he found is worth the hefty price tag.   Key Takeaways: [2:55] How did Robert first get involved with mobile home parks? [7:10] How did Robert find his first park? [8:05] Robert thought the park he found was a good park, but then he listened to episode 14 of this podcast show! [12:55] The park Robert is looking at currently has five occupied trailers, four unoccupied trailers, and three empty pads. [15:25] One of the unoccupied trailers has been trashed, and the owners are using it for supplies. [17:30] Jefferson is going to assume those 5 occupied trailers do not need extra work. [18:35] If Robert were to buy this property, he should have an extra $20,000 prepared to invest in remodeling the four empty trailers. [23:40] Jefferson believes the price for this property is worth $215,000. [24:45] Don’t be afraid to make offers that make sense to you. Sellers might get upset, but hey! [26:00] Let’s look this property up on yp.com [27:50] Join us next week for part two of this show!   Mentioned in This Episode: Park Street Partners parkstreetpartners.com Mobile Home Park Investors mobilehomeparkinvestors.net Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to: deals@parkstreetpartners.net Rich Dad Poor Dad, by Robert Kiyosaki

Welcome to episode 42 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson Lilly invites Robert Nelson on to the show to discuss the first mobile home park Robert found, and does an analysis on the property. Jefferson walks Robert through the process, and the math, to help him come to the conclusion whether the mobile park home he found is worth the hefty price tag. Key Takeaways: [2:55] How did Robert first get involved with mobile home parks? [7:10] How did Robert find his first park? [8:05] Robert thought the park he found was a good park, but then he listened to episode 14 of this podcast show! [12:55] The park Robert is looking at currently has five occupied trailers, four unoccupied trailers, and three empty pads. [15:25] One of the unoccupied trailers has been trashed, and the owners are using it for supplies. [17:30] Jefferson is going to assume those 5 occupied trailers do not need extra work. [18:35] If Robert were to buy this property, he should have an extra $20,000 prepared to invest in remodeling the four empty trailers. [23:40] Jefferson believes the price for this property is worth $215,000. [24:45] Don’t be afraid to make offers that make sense to you. Sellers might get upset, but hey! [26:00] Let’s look this property up on <a href="http://yp.com" rel="nofollow" target="_blank">yp.com</a> [27:50] Join us next week for part two of this show! Mentioned in This Episode: <a href="http://www.parkstreetpartners.net/" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://parkstreetpartners.com" rel="nofollow" target="_blank">parkstreetpartners.com</a> <a href="http://www.mobilehomeparkinvestors.net/" rel="nofollow" target="_blank">Mobile Home Park Investors</a> <a href="http://mobilehomeparkinvestors.net" rel="nofollow" target="_blank">mobilehomeparkinvestors.net</a> <a href="http://www.parkstreetpartners.net/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.net/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to: <a href="mailto:deals@parkstreetpartners.net">deals@parkstreetpartners.net</a> <a href="http://www.richdad.com/" rel="nofollow" target="_blank">Rich Dad Poor Dad, by Robert Kiyosaki</a>

EP042: Case Study: Fort Worth Mobile Home Park for Sale (part 1 of 2)

On part 1 of this two episode podcast, Jefferson Lilly and his partner Brad Johnson, with the Park Street Partners, will provide resources and advice on doing off-site diligence before deciding to buy a mobile home park. This is the part when you first get a deal and are beginning to decide if you want to pursue it, which can be a scary moment. Jefferson and Brad will outline how you can do a fair amount of diligence by doing desktop research and making phone calls. Part 2 (episode #5) will cover on-site diligence, which is done after you’ve got your property under contract.     Key Takeaways: [02:13] Due diligence on a mobile home park in 30 seconds or less – The first 15 seconds [04:37] The next 15 seconds of your diligence [06:27] The 30 seconds of diligence – Summarized [07:15] Researching if demographics support a successful park investment [08:09] Demographics data – What to look for? [09:48] Refer to multiple websites and verify the accuracy of the data [11:08] Markets that meet demand for mobile home parks – Data on household income &amp; housing vacancy [12:08] Data to look for on rentometer.com?  [14:08] Contact local mobile home dealers. What types of open-ended questions to ask? [16:33] Call the chamber of commerce and ask open-ended questions [20:03] Is the park properly licenced? Certificates of occupancy and other Gov. Regulations [20:58] Local zoning office – Legal vs. illegal uses of a park [23:11] How to use Google Earth and Google Maps Images to do more diligence [27:45] Financials – This is where mobile home parks get sexy! [28:05] Pay attention to expense loads that greatly diverge from 30% to 40% [32:38] Supplement these guidelines by verifying property owners’ bank statements [37:31] Another key thing to verify when going through bank statements [39:45] Request tax statements from your seller [40:10] Another key diligence point for financials – The rent role [41:04] Why a Lonnie dealer is a force to be reckoned with? [41:55] Why the rent role is important? [43:59] Part 1: Off-site diligence – Initial desktop research &amp; what to look for in financials [44:11] Coming up on part 2 (episode #5): On-site diligence – Infrastructure &amp; first call with the seller   Mentions: www.bestplaces.net www.city-data.com www.zillow.com www.axiometrics.com www.marcusmillichap.com www.rentometer.com  Census Statistics Google Google Maps Google Earth Deals on Wheels by Lonnie Scruggs www.parkstreetpartners.net LinkedIn Group: Mobile Home Park Investors www.mobilehomeparkinvestors.com Please rate the podcast on iTunes or Stitcher Please subscribe to the podcast

On part 1 of this two episode podcast, Jefferson Lilly and his partner Brad Johnson, with the Park Street Partners, will provide resources and advice on doing off-site diligence before deciding to buy a mobile home park. This is the part when you first get a deal and are beginning to decide if you want to pursue it, which can be a scary moment. Jefferson and Brad will outline how you can do a fair amount of diligence by doing desktop research and making phone calls. Part 2 (episode #5) will cover on-site diligence, which is done after you’ve got your property under contract.   Key Takeaways: [02:13] Due diligence on a mobile home park in 30 seconds or less – The first 15 seconds [04:37] The next 15 seconds of your diligence [06:27] The 30 seconds of diligence – Summarized [07:15] Researching if demographics support a successful park investment [08:09] Demographics data – What to look for? [09:48] Refer to multiple websites and verify the accuracy of the data [11:08] Markets that meet demand for mobile home parks – Data on household income &amp; housing vacancy [12:08] Data to look for on <a href="http://rentometer.com?" rel="nofollow" target="_blank">rentometer.com?</a> [14:08] Contact local mobile home dealers. What types of open-ended questions to ask? [16:33] Call the chamber of commerce and ask open-ended questions [20:03] Is the park properly licenced? Certificates of occupancy and other Gov. Regulations [20:58] Local zoning office – Legal vs. illegal uses of a park [23:11] How to use Google Earth and Google Maps Images to do more diligence [27:45] Financials – This is where mobile home parks get sexy! [28:05] Pay attention to expense loads that greatly diverge from 30% to 40% [32:38] Supplement these guidelines by verifying property owners’ bank statements [37:31] Another key thing to verify when going through bank statements [39:45] Request tax statements from your seller [40:10] Another key diligence point for financials – The rent role [41:04] Why a Lonnie dealer is a force to be reckoned with? [41:55] Why the rent role is important? [43:59] Part 1: Off-site diligence – Initial desktop research &amp; what to look for in financials [44:11] Coming up on part 2 (episode #5): On-site diligence – Infrastructure &amp; first call with the seller Mentions: <a href="http://www.bestplaces.net/" rel="nofollow" target="_blank">www.bestplaces.net</a> <a href="http://www.city-data.com/" rel="nofollow" target="_blank">www.city-data.com</a> <a href="http://www.zillow.com/" rel="nofollow" target="_blank">www.zillow.com</a> <a href="http://www.axiometrics.com/" rel="nofollow" target="_blank">www.axiometrics.com</a> <a href="http://www.marcusmillichap.com/" rel="nofollow" target="_blank">www.marcusmillichap.com</a> <a href="http://www.rentometer.com/" rel="nofollow" target="_blank">www.rentometer.com</a> <a href="https://www.census.gov/library/publications/2011/compendia/statab/131ed.html" rel="nofollow" target="_blank"> Census Statistics</a> <a href="https://www.google.com/" rel="nofollow" target="_blank">Google</a> <a href="https://maps.google.com/" rel="nofollow" target="_blank">Google Maps</a> <a href="https://earth.google.com/" rel="nofollow" target="_blank">Google Earth</a> <a href="http://www.lonniescruggs.net/" rel="nofollow" target="_blank">Deals on Wheels</a> by Lonnie Scruggs <a href="http://www.parkstreetpartners.net/" rel="nofollow" target="_blank">www.parkstreetpartners.net</a> LinkedIn Group: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors</a> <a href="http://www.mobilehomeparkinvestors.com" rel="nofollow" target="_blank">www.mobilehomeparkinvestors.com</a> Please rate the podcast on iTunes or Stitcher Please subscribe to the podcast

EP004:  Initial Off-Site Diligence on Mobile Home Parks 

Welcome to Episode 79 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. On today’s show, Jefferson plays the talk he did at the SECO conference about how you can take your mobile home investing to the next level and scale up! This is a part 1 of a two-part interview, so keep your eyes peeled for the second recording coming out soon!   Key Takeaways: [7:25] Jefferson will discuss today how he’s grown from being a sole proprietorship to running an organization that runs parks, buys parks, and produces financial reports for his investors. [11:00] When Jefferson first started Park Street Partners, he was working 3 jobs. [14:20] Jefferson discusses the staff he’s brought on and the kinds of responsibilities they each have. [20:15] Jefferson discusses the growth his company has had over the last 3 years. [20:45] If Jefferson had to do it all over again, the first person he should have brought on should have been the asset manager. [22:15] If you have over 1,000 pads, that’s when you should consider finding someone to help manage deal flow. [24:40] Jefferson uses a project management software called Asana to help keep track of each property. [26:50] How does Jefferson manage the accounting side of things? [27:55] Stay tuned to the second part of this talk to hear more of what Jefferson has to say about Rent Manager!   Mentioned in This Episode: Park Street Partners  Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Asana.com Rentmanager.com

Welcome to Episode 79 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. On today’s show, Jefferson plays the talk he did at the SECO conference about how you can take your mobile home investing to the next level and scale up! This is a part 1 of a two-part interview, so keep your eyes peeled for the second recording coming out soon! Key Takeaways: [7:25] Jefferson will discuss today how he’s grown from being a sole proprietorship to running an organization that runs parks, buys parks, and produces financial reports for his investors. [11:00] When Jefferson first started Park Street Partners, he was working 3 jobs. [14:20] Jefferson discusses the staff he’s brought on and the kinds of responsibilities they each have. [20:15] Jefferson discusses the growth his company has had over the last 3 years. [20:45] If Jefferson had to do it all over again, the first person he should have brought on should have been the asset manager. [22:15] If you have over 1,000 pads, that’s when you should consider finding someone to help manage deal flow. [24:40] Jefferson uses a project management software called Asana to help keep track of each property. [26:50] How does Jefferson manage the accounting side of things? [27:55] Stay tuned to the second part of this talk to hear more of what Jefferson has to say about Rent Manager! Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank"> Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="https://asana.com/" rel="nofollow" target="_blank">Asana.com</a> <a href="https://www.rentmanager.com/" rel="nofollow" target="_blank">Rentmanager.com</a>

EP079: MHP 2.0 - Taking Your Investing To The Next Level (1 of 2)

Welcome to episode 40 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson records this quick 9-minute episode to discuss in detail the things you can do in 30 seconds or less, to find out whether you’ve got a good mobile home park deal on your hand. As you look at more deal flow, you can’t afford to waste time on bad properties!   Key Takeaways: [1:40] As you start seeing more deal flow, it’s very important to start separating wheat from chaff. [2:25] Spend the first 15 seconds just seeing if the property is listed on the Yellow Pages website. [3:15] Half of the deals that both Jefferson and Brad make are not listed in the Yellow Pages. [3:25] This is a good thing. It means the owners are mom-and-pop places. [4:10] You have a huge advantage if the owners aren’t advertising. [5:45] Jefferson guesses that you can increase your cashflow by 10-20%, just because the owners haven’t reached these key advertising areas. [6:05] Once done, take your next 15 seconds and head on over to Google Maps. [6:25] You want to be located within 5 miles of a Super Walmart. [7:55] If a Walmart is not in your area, it indicates the town isn’t doing that well economically. [8:10] Jefferson and his team are actively raising money right now! Go to the website to find out more!   Mentioned in This Episode: Park Street Partners www.parkstreetpartners.com Mobile Home Park Investors mobilehomeparkinvestors.net Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to: deals@parkstreetpartners.net Yellowpages.com

Welcome to episode 40 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson records this quick 9-minute episode to discuss in detail the things you can do in 30 seconds or less, to find out whether you’ve got a good mobile home park deal on your hand. As you look at more deal flow, you can’t afford to waste time on bad properties! Key Takeaways: [1:40] As you start seeing more deal flow, it’s very important to start separating wheat from chaff. [2:25] Spend the first 15 seconds just seeing if the property is listed on the Yellow Pages website. [3:15] Half of the deals that both Jefferson and Brad make are not listed in the Yellow Pages. [3:25] This is a good thing. It means the owners are mom-and-pop places. [4:10] You have a huge advantage if the owners aren’t advertising. [5:45] Jefferson guesses that you can increase your cashflow by 10-20%, just because the owners haven’t reached these key advertising areas. [6:05] Once done, take your next 15 seconds and head on over to Google Maps. [6:25] You want to be located within 5 miles of a Super Walmart. [7:55] If a Walmart is not in your area, it indicates the town isn’t doing that well economically. [8:10] Jefferson and his team are actively raising money right now! Go to the website to find out more! Mentioned in This Episode: <a href="http://www.parkstreetpartners.net/" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">www.parkstreetpartners.com</a> <a href="http://www.mobilehomeparkinvestors.net/" rel="nofollow" target="_blank">Mobile Home Park Investors</a> <a href="http://mobilehomeparkinvestors.net" rel="nofollow" target="_blank">mobilehomeparkinvestors.net</a> <a href="http://www.parkstreetpartners.net/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.net/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to: <a href="mailto:deals@parkstreetpartners.net">deals@parkstreetpartners.net</a> <a href="http://www.yellowpages.com/" rel="nofollow" target="_blank">Yellowpages.com</a>

EP040: How to Know In 30 Seconds If You Should Buy A Mobile Home Park

This is the second podcast, hosted by Jefferson Lilly, joined by his partner Brad Johnson. Last week, Jefferson and Brad talked about why mobile home parks are such a good business to be in. But unless you are really looking, you're not likely to just come across one of these properties. On this episode, Jefferson and Brad talk a bit on how you can find a mobile home park to purchase. They will also share their experiences of how they have looked in some unique and unusual places. Key Takeaways: [1:25] Jefferson found his first mobile home park property on eBay. [4:17] You can find mobile home parks that are listed on eBay. [6:07] Finding a mobile home park property online. [06:32] How does Brad typically find many of the Park Street Partners’ deals? [07:23] How do you get access to off-market or pocket listing deals? [10:28] Brokers often have pocket listing deals that are not posted online. [12:16] Reasons why a seller might not want to list a property publicly. [12:49] Reach out to brokers for some interesting pocket listings and to get a deal flow. [16:47] Jefferson talks about his second deal that he found on Craig's List. [18:48] Jefferson talks about one of his more unusual findings. [20:51] Brad talks about other strategy you can use.   [22:32] Things to keep in mind if you are going to use auction.com. Mentioned in This Episode: www.parkstreetpartners.com Join the LinkedIn group: Mobile Home Park Investors Please rate the podcast on iTunes or Stitcher www.loopnet.com www.mobilehomeparkstore.com www.auction.com www.ebay.com www.craigslist.com

This is the second podcast, hosted by Jefferson Lilly, joined by his partner Brad Johnson. Last week, Jefferson and Brad talked about why mobile home parks are such a good business to be in. But unless you are really looking, you're not likely to just come across one of these properties. On this episode, Jefferson and Brad talk a bit on how you can find a mobile home park to purchase. They will also share their experiences of how they have looked in some unique and unusual places. Key Takeaways: [1:25] Jefferson found his first mobile home park property on eBay. [4:17] You can find mobile home parks that are listed on eBay. [6:07] Finding a mobile home park property online. [06:32] How does Brad typically find many of the Park Street Partners’ deals? [07:23] How do you get access to off-market or pocket listing deals? [10:28] Brokers often have pocket listing deals that are not posted online. [12:16] Reasons why a seller might not want to list a property publicly. [12:49] Reach out to brokers for some interesting pocket listings and to get a deal flow. [16:47] Jefferson talks about his second deal that he found on Craig's List. [18:48] Jefferson talks about one of his more unusual findings. [20:51] Brad talks about other strategy you can use.   [22:32] Things to keep in mind if you are going to use <a href="http://auction.com" rel="nofollow" target="_blank">auction.com</a>. Mentioned in This Episode: <a href="http://www.parkstreetpartners.net" rel="nofollow" target="_blank">www.parkstreetpartners.com</a> Join the LinkedIn group: Mobile Home Park Investors Please rate the podcast on iTunes or Stitcher <a href="http://www.loopnet.com/" rel="nofollow" target="_blank">www.loopnet.com</a> <a href="http://www.mobilehomeparkstore.com/" rel="nofollow" target="_blank">www.mobilehomeparkstore.com</a> <a href="http://www.auction.com/" rel="nofollow" target="_blank">www.auction.com</a> <a href="http://www.ebay.com/" rel="nofollow" target="_blank">www.ebay.com</a> <a href="http://www.craigslist.com/" rel="nofollow" target="_blank">www.craigslist.com</a>

EP002:  How To Find a Mobile Home Park to Purchase

Welcome to Episode 85 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Ben Braband is a fellow park owner who owns 2,300 pads. On the show, Ben shares some of his personal experiences about park ownership and what he’s learned about being a park owner for the last 12 years.   Key Takeaways: [1:20] What did Ben do before buying his first mobile home park? [5:35] What kind of seminars did Ben attend to help him with his mobile home park? [7:00] How did Ben find his first park? [10:30] At about 12 years in this business so far, Ben has a total of 2,300 pads. [12:40] What are Ben’s acquisitions criteria and how have they evolved over the years? [21:00] The bulk of Ben’s properties rely on city water and sewer, but they do have parks that rely on well-water also. [21:35] How did Ben do his due diligence on his wastewater treatment plant?   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com MobileHomeUniversity.com Dave Reynolds, MHP Funds Waste Water Treatment Plant  WWTP Inspections and Reporting CAPEX

Welcome to Episode 85 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Ben Braband is a fellow park owner who owns 2,300 pads. On the show, Ben shares some of his personal experiences about park ownership and what he’s learned about being a park owner for the last 12 years. Key Takeaways: [1:20] What did Ben do before buying his first mobile home park? [5:35] What kind of seminars did Ben attend to help him with his mobile home park? [7:00] How did Ben find his first park? [10:30] At about 12 years in this business so far, Ben has a total of 2,300 pads. [12:40] What are Ben’s acquisitions criteria and how have they evolved over the years? [21:00] The bulk of Ben’s properties rely on city water and sewer, but they do have parks that rely on well-water also. [21:35] How did Ben do his due diligence on his wastewater treatment plant? Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="https://www.mobilehomeuniversity.com/" rel="nofollow" target="_blank">MobileHomeUniversity.com</a> <a href="http://www.mhpfunds.com/" rel="nofollow" target="_blank">Dave Reynolds, MHP Funds</a> <a href="https://en.wikipedia.org/wiki/Sewage_treatment" rel="nofollow" target="_blank">Waste Water Treatment Plant</a> <a href="https://www.epa.gov/sites/production/files/2013-09/documents/npdesinspect_0.pdf" rel="nofollow" target="_blank"> WWTP Inspections and Reporting</a> <a href="https://en.wikipedia.org/wiki/Capital_expenditure" rel="nofollow" target="_blank">CAPEX</a>

VIDEO: EP085: Interview: Ben Braband, Mobile Home Park Owner (1 of 2)

Welcome to Episode 80 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This is a part 2 of a 2-part interview, so if you missed the first episode, be sure to listen to that one first! Jefferson showcases the talk he did at the SECO conference and continues his discussion about how he structures his accounting for his business and more!   Key Takeaways: [1:25] Jefferson discusses why he likes to use Rent Manager. [5:35] Jefferson has been using Dropbox as well to keep track of any documents for each property. [9:05] Jefferson and his team are also developing an operations manual to help document how they do things internally. [10:15] Another product the team uses is Grasshopper, which is a virtual phone software. [10:45] The great part of using these products is that most of it is free and a smaller company can use these tools to their advantage. [11:40] What is Jefferson’s vision for the organization? [14:00] Jefferson really wants his team to feel like they’re franchisees — like they own the park themselves. This gives them more incentive to take care of it. [15:15] That concludes Jefferson’s talk for today! Jefferson now answers the audience’s questions. [18:50] Jefferson still needs to know how to budget for a park a bit better. [22:40] How does Jefferson compensate his park managers? [24:35] What does Jefferson think of third-party managers?   Mentioned in This Episode: Park Street Partners  Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Asana.com Rentmanager.com Dropbox.com Rentertext.com Grasshopper.com

Welcome to Episode 80 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This is a part 2 of a 2-part interview, so if you missed the first episode, be sure to listen to that one first! Jefferson showcases the talk he did at the SECO conference and continues his discussion about how he structures his accounting for his business and more! Key Takeaways: [1:25] Jefferson discusses why he likes to use Rent Manager. [5:35] Jefferson has been using Dropbox as well to keep track of any documents for each property. [9:05] Jefferson and his team are also developing an operations manual to help document how they do things internally. [10:15] Another product the team uses is Grasshopper, which is a virtual phone software. [10:45] The great part of using these products is that most of it is free and a smaller company can use these tools to their advantage. [11:40] What is Jefferson’s vision for the organization? [14:00] Jefferson really wants his team to feel like they’re franchisees — like they own the park themselves. This gives them more incentive to take care of it. [15:15] That concludes Jefferson’s talk for today! Jefferson now answers the audience’s questions. [18:50] Jefferson still needs to know how to budget for a park a bit better. [22:40] How does Jefferson compensate his park managers? [24:35] What does Jefferson think of third-party managers? Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank"> Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="https://asana.com/" rel="nofollow" target="_blank">Asana.com</a> <a href="https://www.rentmanager.com/" rel="nofollow" target="_blank">Rentmanager.com</a> <a href="http://www.dropbox.com" rel="nofollow" target="_blank">Dropbox.com</a> <a href="https://www.rentertext.com/" rel="nofollow" target="_blank">Rentertext.com</a> <a href="http://grasshopper.com/" rel="nofollow" target="_blank">Grasshopper.com</a>

EP080: MHP 2.0 - Taking Your Investing To The Next Level (2 of 2)

Welcome to Episode 72 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Dawn Highhouse is the Vice President of Customer Care at MHVillage. On the show, Dawn discusses how mobile homeowners can benefit from using a website like MHVillage and how you can also find properties on the website to buy. There are lots of features on the MHVillage website that saves homeowners a lot of time as well!   Key Takeaways: [2:55] What is Dawn’s background and how did she get started at MHVillage? [5:50] How does Dawn help park owners? [8:30] How does the park owner get notified on MHVillage that they have an interested tenant? [11:50] MHVillage can also help park owners with appraisals. [15:15] How does MHVillage compare to the Kelley Blue Book? [16:35] How many homes get appraised/sell on the MHVillage website? [18:45] How does the website help people buy mobile home parks? [20:45] How much does the website cost to a park owner? [23:45] Rent Manager works closely with MHVillage. What other third party apps can users benefit from by using MHVillage? [26:40] What terminology does MHVillage use when referring to mobile home parks? Trailers? [28:15] Has Dawn ever spent a night in a manufactured home?   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Mhvillage.com Call MHVillage: 800-397-2158. Call Dawn: 877-460-0259 Email Dawn: Dawn@MHVillage.com Rentmanager.com Dawn on LinkedIn

Welcome to Episode 72 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Dawn Highhouse is the Vice President of Customer Care at MHVillage. On the show, Dawn discusses how mobile homeowners can benefit from using a website like MHVillage and how you can also find properties on the website to buy. There are lots of features on the MHVillage website that saves homeowners a lot of time as well! Key Takeaways: [2:55] What is Dawn’s background and how did she get started at MHVillage? [5:50] How does Dawn help park owners? [8:30] How does the park owner get notified on MHVillage that they have an interested tenant? [11:50] MHVillage can also help park owners with appraisals. [15:15] How does MHVillage compare to the Kelley Blue Book? [16:35] How many homes get appraised/sell on the MHVillage website? [18:45] How does the website help people buy mobile home parks? [20:45] How much does the website cost to a park owner? [23:45] Rent Manager works closely with MHVillage. What other third party apps can users benefit from by using MHVillage? [26:40] What terminology does MHVillage use when referring to mobile home parks? Trailers? [28:15] Has Dawn ever spent a night in a manufactured home? Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="https://www.mhvillage.com/" rel="nofollow" target="_blank">Mhvillage.com</a> Call MHVillage: 800-397-2158. Call Dawn: 877-460-0259 Email Dawn: <a href="mailto:Dawn@MHVillage.com">Dawn@MHVillage.com</a> <a href="https://www.rentmanager.com/" rel="nofollow" target="_blank">Rentmanager.com</a> <a href="https://www.linkedin.com/in/dawn-highhouse-54a61a27/" rel="nofollow" target="_blank">Dawn on LinkedIn</a>

EP072: Interview: Dawn Highhouse of MHVillage Tells Us How To Sell Manufactured Homes

David Protiva

Welcome to episode 39 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad is off this week, but this means that Jefferson gets to interview David Protiva. David and two other co-founders, Chuck Meek and Mark Titshaw, have been hosting the ‘Trailer Park Kings’ event every year since 2006. As Jefferson attends this event, he also gets a behind-the-scenes looks at David’s investment strategy, and how he got started in this industry.   Key Takeaways: [1:50] David explains how these meetups at his house got started. [2:25] How did David get into mobile home parks? [3:50] How did David break the news to his girlfriend at the time, now wife, that he owned a couple of mobile home parks? [5:45] David tries to buy his mobile home parks close to where he’s currently living. [6:30] David recognizes you can not grow quickly with his strategy. He purchases homes about every 3–4 years. [6:50] How does David find his parks? [9:00] What works for David when he’s trying to find mobile home parks in the Greater Atlanta, Georgia area? [11:15] Over the last couple of years, David has only purchased brand new homes. [12:10] How does David find new tenants? What does he do in terms of marketing? [13:15] David has had great success with Mobile Home Village, but he understands not many people do. [15:20] What mistakes has David made over the years? [16:45] David talks on how he sets up the loan structure with his banks. [18:30] David encourages other mobile home park owners to take advantage of seller financing.   Mentioned in This Episode: Park Street Partners www.parkstreetpartners.com Mobile Home Park Investors mobilehomeparkinvestors.net   Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to: deals@parkstreetpartners.net Secoconference.com Homeforlife.net Mhvillage.com

Welcome to episode 39 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad is off this week, but this means that Jefferson gets to interview David Protiva. David and two other co-founders, Chuck Meek and Mark Titshaw, have been hosting the ‘Trailer Park Kings’ event every year since 2006. As Jefferson attends this event, he also gets a behind-the-scenes looks at David’s investment strategy, and how he got started in this industry. Key Takeaways: [1:50] David explains how these meetups at his house got started. [2:25] How did David get into mobile home parks? [3:50] How did David break the news to his girlfriend at the time, now wife, that he owned a couple of mobile home parks? [5:45] David tries to buy his mobile home parks close to where he’s currently living. [6:30] David recognizes you can not grow quickly with his strategy. He purchases homes about every 3–4 years. [6:50] How does David find his parks? [9:00] What works for David when he’s trying to find mobile home parks in the Greater Atlanta, Georgia area? [11:15] Over the last couple of years, David has only purchased brand new homes. [12:10] How does David find new tenants? What does he do in terms of marketing? [13:15] David has had great success with Mobile Home Village, but he understands not many people do. [15:20] What mistakes has David made over the years? [16:45] David talks on how he sets up the loan structure with his banks. [18:30] David encourages other mobile home park owners to take advantage of seller financing. Mentioned in This Episode: <a href="http://www.parkstreetpartners.net/" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">www.parkstreetpartners.com</a> <a href="http://www.mobilehomeparkinvestors.net/" rel="nofollow" target="_blank">Mobile Home Park Investors</a> <a href="http://mobilehomeparkinvestors.net" rel="nofollow" target="_blank">mobilehomeparkinvestors.net</a> <a href="http://www.parkstreetpartners.net/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.net/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to: <a href="mailto:deals@parkstreetpartners.net">deals@parkstreetpartners.net</a> <a href="http://www.secoconference.com" rel="nofollow" target="_blank">Secoconference.com</a> <a href="http://www.homeforlife.net/" rel="nofollow" target="_blank">Homeforlife.net</a> <a href="http://www.mhvillage.com/" rel="nofollow" target="_blank">Mhvillage.com</a>

EP039: Interview: David Protiva Talks Mobile Home Parks, Mistakes, And Advice

VIDEO: EP079: MHP 2.0 - Taking Your Investing To The Next Level (1 of 2)

Daniel Din

Welcome to Episode 90 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down with Daniel Din in San Francisco to discuss what park owners need to know about Freddie Mac’s lending opportunities. Daniel is the perfect guest for this week’s show because he has been with Freddie Mac since 2007 and oversaw the development of the manufactured housing lending department in 2014.   Key Takeaways: [2:00] What’s Daniel’s background and what did he do before he joined Freddie Mac? [2:45] Daniel shares a little bit of the history of Freddie and how they got into lending. [6:00] How can mobile park owners borrow money from Freddie? [7:10] What’s the difference between Fannie Mae and Freddie’s business model? [9:45] How long does it take the average park owner to get approved? [11:35] What’s the smallest loan will Freddie make? [17:45] Daniel shares the history behind opening a manufactured housing lending department in 2014. [24:50] Does Freddie make the distinction between ‘true’ rentals vs. homes on a rent-to-own agreement? [26:45] Is it true that mobile home parks have the lowest default rate of any class? [29:15] Daniel explains a bit more what Freddie’s ‘Duty to Service’ initiative is about. [36:00] What do park owners need to know about Freddie’s supplemental program? [39:40] Freddie’s balance sheet is around $250 Billion. How does Freddie decide what to keep on their balance sheet vs. what to sell? [43:15] Will there be any regulations coming down the pike in 2018?   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Freddiemac.com Daniel on LinkedIn

Welcome to Episode 90 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down with Daniel Din in San Francisco to discuss what park owners need to know about Freddie Mac’s lending opportunities. Daniel is the perfect guest for this week’s show because he has been with Freddie Mac since 2007 and oversaw the development of the manufactured housing lending department in 2014. Key Takeaways: [2:00] What’s Daniel’s background and what did he do before he joined Freddie Mac? [2:45] Daniel shares a little bit of the history of Freddie and how they got into lending. [6:00] How can mobile park owners borrow money from Freddie? [7:10] What’s the difference between Fannie Mae and Freddie’s business model? [9:45] How long does it take the average park owner to get approved? [11:35] What’s the smallest loan will Freddie make? [17:45] Daniel shares the history behind opening a manufactured housing lending department in 2014. [24:50] Does Freddie make the distinction between ‘true’ rentals vs. homes on a rent-to-own agreement? [26:45] Is it true that mobile home parks have the lowest default rate of any class? [29:15] Daniel explains a bit more what Freddie’s ‘Duty to Service’ initiative is about. [36:00] What do park owners need to know about Freddie’s supplemental program? [39:40] Freddie’s balance sheet is around $250 Billion. How does Freddie decide what to keep on their balance sheet vs. what to sell? [43:15] Will there be any regulations coming down the pike in 2018? Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="http://www.freddiemac.com/" rel="nofollow" target="_blank">Freddiemac.com</a> <a href="https://www.linkedin.com/in/danieldin/" rel="nofollow" target="_blank">Daniel on LinkedIn</a>

VIDEO: EP090: Interview: Daniel Din Of Freddie Mac Explains How To Borrow From The Government

Jill Denlea

Welcome to Episode 92 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down with Jill Denlea, who is in the process of buying her first mobile home park. On the show, she discusses her experiences and what kind of lessons she’s learned so far about buying her first mobile home park!   Key Takeaways: [2:30] Who is Jill and what is her background? [8:15] Jill recently got into mobile home parks. How did Jill find her first park and how big is it? [13:05] How did Jill get her legal contract? [14:55] What kind of due diligence did Jill do before purchasing the property? [16:55] How is Jill best finding her inspectors? [20:15] What are Jill’s plans for the property? [23:00] The mobile park does not have a website nor are they in the yellow pages. [26:55] Will Jill be needing to enforce the rules in this park? [29:35] It’s important to really educate yourself about this space because it’s a completely different animal than traditional real estate.   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Jill on LinkedIn Email Jill: JPDenlea@comcast.net

Welcome to Episode 92 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down with Jill Denlea, who is in the process of buying her first mobile home park. On the show, she discusses her experiences and what kind of lessons she’s learned so far about buying her first mobile home park! Key Takeaways: [2:30] Who is Jill and what is her background? [8:15] Jill recently got into mobile home parks. How did Jill find her first park and how big is it? [13:05] How did Jill get her legal contract? [14:55] What kind of due diligence did Jill do before purchasing the property? [16:55] How is Jill best finding her inspectors? [20:15] What are Jill’s plans for the property? [23:00] The mobile park does not have a website nor are they in the yellow pages. [26:55] Will Jill be needing to enforce the rules in this park? [29:35] It’s important to really educate yourself about this space because it’s a completely different animal than traditional real estate. Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="https://www.linkedin.com/in/jilldenlea" rel="nofollow" target="_blank">Jill on LinkedIn</a> Email Jill: <a href="mailto:JPDenlea@comcast.net">JPDenlea@comcast.net</a>

EP092: Interview: Jill Denlea, First-Time MHP Buyer

Ryan Howerton

Welcome to Episode 68 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, our two hosts bring on Ryan Howerton from 21st Mortgage to discuss how more park owners can help their residents become owners themselves. Ryan explains that there is a ‘free’ way how you can do this!   Key Takeaways: [2:30] Who is Ryan and how did he get his start at 21st Mortgage? [5:00] 21st Mortgage has a CASH program, how does this help both the park owners and tenants? [8:35] Every year Ryan and his partner Lance looked at how they could improve this CASH program. [13:35] The benefits of working with 21st Mortgage’s CASH program is that you also get access to a wide variety of expertise all across the nation. Ryan and his team have learned from their mistakes, and it makes no sense why you should start from zero. [14:30] Ryan’s main focus for the customer is affordability. He aims to get the best setup as possible at the best price possible. [19:00] Why does Ryan deny certain applicants? What do tenants need to know before they apply with 21st Mortgage? [21:35] What are some the reasons why park owners are denied from the CASH program? [26:55] How long does it take to get a mobile home park from 21st Mortgage? [36:40] How has 21st Mortgage changed since Warren Buffett of Berkshire Hathaway has bought the company? [40:35] At the end of the day, it’s all about the people. 21st Mortgage wouldn’t have seen the growth that they’ve seen without their dedicated and hardworking team. [43:00] Does 21st Mortgage finance tiny homes as well?   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to: deals@parkstreetpartners.net 21stmortgage.com Call Ryan: 866-727-4733 Email Ryan: RyanHowerton@21stMortgage.com

Welcome to Episode 68 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, our two hosts bring on Ryan Howerton from 21st Mortgage to discuss how more park owners can help their residents become owners themselves. Ryan explains that there is a ‘free’ way how you can do this! Key Takeaways: [2:30] Who is Ryan and how did he get his start at 21st Mortgage? [5:00] 21st Mortgage has a CASH program, how does this help both the park owners and tenants? [8:35] Every year Ryan and his partner Lance looked at how they could improve this CASH program. [13:35] The benefits of working with 21st Mortgage’s CASH program is that you also get access to a wide variety of expertise all across the nation. Ryan and his team have learned from their mistakes, and it makes no sense why you should start from zero. [14:30] Ryan’s main focus for the customer is affordability. He aims to get the best setup as possible at the best price possible. [19:00] Why does Ryan deny certain applicants? What do tenants need to know before they apply with 21st Mortgage? [21:35] What are some the reasons why park owners are denied from the CASH program? [26:55] How long does it take to get a mobile home park from 21st Mortgage? [36:40] How has 21st Mortgage changed since Warren Buffett of Berkshire Hathaway has bought the company? [40:35] At the end of the day, it’s all about the people. 21st Mortgage wouldn’t have seen the growth that they’ve seen without their dedicated and hardworking team. [43:00] Does 21st Mortgage finance tiny homes as well? Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.net/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.net/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to: <a href="mailto:deals@parkstreetpartners.net">deals@parkstreetpartners.net</a> <a href="https://www.21stmortgage.com/" rel="nofollow" target="_blank">21stmortgage.com</a> Call Ryan: 866-727-4733 Email Ryan: <a href="mailto:RyanHowerton@21stMortgage.com">RyanHowerton@21stMortgage.com</a>

EP068: Interview: Ryan Howerton of 21st Mortgage Tells Us How To Get ‘Free’ Homes Into Our Communities

This is part 2 of the discussion on initial off-site diligence you can do prior to buying a mobile home park. Jefferson Lilly and Brad Johnson, with the Park Street Partners, continue their discussion from episode 4 (part 1), which covered due diligence you can do via desktop research and things to look for in financials. On this episode, they will advise on what to look for in the infrastructure of a park and how to handle a first call with the seller.   Key Takeaways: [1:35] What is the most important aspect of a park's infrastructure? [2:15] Determining if a park is on the public utilities system: city water &amp; city sewer. [4:46] A park that is on the septic system presents a high-risk investment. [7:40] Park infrastructure: Master-metered gas and electric lines. [9:36] What options do you have if you get a gas leak and have to shut down service? [12:00] You can have someone check out the electric load of a park on-site. [12:35] Understanding what is going on with the water infrastructure. [13:40] Fixing a water leak on a mobile home park property. [18:09] Park infrastructure: Roads. [20:53] Park infrastructure: AMP boxes. [23:21] Park infrastructure: Sewer pipe system. [28:38] First call with a seller: Information to gather and types of open-ended questions to ask.   [33:55] A key open-ended question to ask the seller: Why would you sell your park? [35:02] Another open-ended question to ask: How do you manage your property? [37:00] Other things to discuss with the seller. [39:59] Coming up on following podcasts.   Mentions: www.parkstreetpartners.com LinkedIn Group: Mobile Home Park Investors www.mobilehomeparkinvestors.net Please rate the podcast on iTunes or Stitcher Please subscribe to the podcast on iTunes

This is part 2 of the discussion on initial off-site diligence you can do prior to buying a mobile home park. Jefferson Lilly and Brad Johnson, with the Park Street Partners, continue their discussion from episode 4 (part 1), which covered due diligence you can do via desktop research and things to look for in financials. On this episode, they will advise on what to look for in the infrastructure of a park and how to handle a first call with the seller. Key Takeaways: [1:35] What is the most important aspect of a park's infrastructure? [2:15] Determining if a park is on the public utilities system: city water &amp; city sewer. [4:46] A park that is on the septic system presents a high-risk investment. [7:40] Park infrastructure: Master-metered gas and electric lines. [9:36] What options do you have if you get a gas leak and have to shut down service? [12:00] You can have someone check out the electric load of a park on-site. [12:35] Understanding what is going on with the water infrastructure. [13:40] Fixing a water leak on a mobile home park property. [18:09] Park infrastructure: Roads. [20:53] Park infrastructure: AMP boxes. [23:21] Park infrastructure: Sewer pipe system. [28:38] First call with a seller: Information to gather and types of open-ended questions to ask.   [33:55] A key open-ended question to ask the seller: Why would you sell your park? [35:02] Another open-ended question to ask: How do you manage your property? [37:00] Other things to discuss with the seller. [39:59] Coming up on following podcasts. Mentions: <a href="http://www.parkstreetpartners.net/" rel="nofollow" target="_blank">www.parkstreetpartners.com</a> LinkedIn Group: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors</a> <a href="http://www.mobilehomeparkinvestors.net" rel="nofollow" target="_blank">www.mobilehomeparkinvestors.net</a> Please rate the podcast on iTunes or Stitcher Please subscribe to the podcast on iTunes

EP005:  Initial On-Site and Off-site Diligence on Mobile Home Parks (Part 2) 

EP090: Interview: Daniel Din Of Freddie Mac Explains How To Borrow From The Government

Welcome to episode 43 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This episode is a continuation of last week’s podcast, where Jefferson walks Robert Nelson through the math and money behind purchasing his first mobile home park. What are some telltale signs that Robert needs to look out for? Find out today!   Key Takeaways: [1:45] It’s a good thing Robert’s first prospect park is not listed in the yellow pages. [3:05] Jefferson is now looking up on Google Earth where the nearest Walmart is. [7:35] Jefferson talks about a red flag he just spotted with the property. [8:35] When looking at locations, Jefferson tries to find properties where the unemployment in the area is under 7%. [9:40] In this area, homeownership is about 63%. [11:35] Lot rents can go to about half of what an average 2-bedroom apartment goes for in the area. [14:40] What does Jefferson look for in the last 12 months of bank statements? [17:50] This property is being poorly managed. [22:50] Jefferson recaps what he would improve upon. [24:15] Although this property is a bit highly priced, it doesn’t look like it’s a complete disaster, in terms of repairs. [25:25] What does Jefferson think about seller finance options? [28:05] Interested in investing with Jefferson and Brad? Feel free to contact them today!   Mentioned in This Episode: Park Street Partners www.parkstreetpartners.com Mobile Home Park Investors www.mobilehomeparkinvestors.net Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to: deals@parkstreetpartners.net Rentometer.com Contact Robert: DivergentProperties@Hotmail.com Call Robert: 972-742-0079

Welcome to episode 43 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This episode is a continuation of last week’s podcast, where Jefferson walks Robert Nelson through the math and money behind purchasing his first mobile home park. What are some telltale signs that Robert needs to look out for? Find out today! Key Takeaways: [1:45] It’s a good thing Robert’s first prospect park is not listed in the yellow pages. [3:05] Jefferson is now looking up on Google Earth where the nearest Walmart is. [7:35] Jefferson talks about a red flag he just spotted with the property. [8:35] When looking at locations, Jefferson tries to find properties where the unemployment in the area is under 7%. [9:40] In this area, homeownership is about 63%. [11:35] Lot rents can go to about half of what an average 2-bedroom apartment goes for in the area. [14:40] What does Jefferson look for in the last 12 months of bank statements? [17:50] This property is being poorly managed. [22:50] Jefferson recaps what he would improve upon. [24:15] Although this property is a bit highly priced, it doesn’t look like it’s a complete disaster, in terms of repairs. [25:25] What does Jefferson think about seller finance options? [28:05] Interested in investing with Jefferson and Brad? Feel free to contact them today! Mentioned in This Episode: <a href="http://www.parkstreetpartners.net/" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">www.parkstreetpartners.com</a> <a href="http://www.mobilehomeparkinvestors.net/" rel="nofollow" target="_blank">Mobile Home Park Investors</a> <a href="http://www.mobilehomeparkinvestors.net" rel="nofollow" target="_blank">www.mobilehomeparkinvestors.net</a> <a href="http://www.parkstreetpartners.net/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.net/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to: <a href="mailto:deals@parkstreetpartners.net">deals@parkstreetpartners.net</a> <a href="http://www.rentometer.com" rel="nofollow" target="_blank">Rentometer.com</a> Contact Robert: <a href="mailto:DivergentProperties@Hotmail.com">DivergentProperties@Hotmail.com</a> Call Robert: 972-742-0079

EP043: Case Study: Fort Worth Mobile Home Park for Sale (part 2 of 2)

Welcome to Episode 84 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Crystal Adkins is the Founder and Editor of Mobile Home Living. The website was inspired when she was unable to find any remodeling ideas for her recently bought a mobile home. So, she decided to take matters into her own hands and start her own online magazine! Key Takeaways: [2:40] What did Crystal do before joining Mobile Home Living? [4:15] When Crystal first owned a mobile home, there weren’t any websites out there that had any mobile home remodeling ideas, so she decided to create her own website. [5:20] What is Crystal’s online magazine about? [7:15] Crystal wasn’t a writer when she first started her website. After 6 years of being in business, she decided it was time to hire extra help this year. [10:25] What kind of feedback has Crystal received over the years? [11:45] What are the top 3 most read articles on Crystal’s site? [15:25] Does Crystal write articles catering specifically to mobile home park owners? [18:20] Does Crystal ever want to be a park owner? [20:35] Crystal shares her final thoughts about mobile home parks and the people who live in them.   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Mobilehomeliving.org Crystal on LinkedIn

Welcome to Episode 84 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Crystal Adkins is the Founder and Editor of Mobile Home Living. The website was inspired when she was unable to find any remodeling ideas for her recently bought a mobile home. So, she decided to take matters into her own hands and start her own online magazine! Key Takeaways: [2:40] What did Crystal do before joining Mobile Home Living? [4:15] When Crystal first owned a mobile home, there weren’t any websites out there that had any mobile home remodeling ideas, so she decided to create her own website. [5:20] What is Crystal’s online magazine about? [7:15] Crystal wasn’t a writer when she first started her website. After 6 years of being in business, she decided it was time to hire extra help this year. [10:25] What kind of feedback has Crystal received over the years? [11:45] What are the top 3 most read articles on Crystal’s site? [15:25] Does Crystal write articles catering specifically to mobile home park owners? [18:20] Does Crystal ever want to be a park owner? [20:35] Crystal shares her final thoughts about mobile home parks and the people who live in them. Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.parkstreetpartners.com/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.com/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to <a href="mailto:deals@parkstreetpartners.com">Deals@parkstreetpartners.com</a> <a href="http://mobilehomeliving.org/" rel="nofollow" target="_blank">Mobilehomeliving.org</a> <a href="https://www.linkedin.com/in/crystaladkins1/" rel="nofollow" target="_blank">Crystal on LinkedIn</a>

EP084: Interview Crystal Adkins Tells Us About MobileHomeLiving.com

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