Welcome to episode 21 of the Park Street Partners’ Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson. Today, Jefferson and Brad talk about the Manufactured Housing Institute (MHI), which is the mobile home park industry’s chief nationwide lobbying group. They work to fend off government regulation that's “suppose to help” the industry and try to get some helpful regulations in place. MHI holds the two big annual meetings in the mobile home park industry. Tune in to hear the highlights of the MHI meeting in Las Vegas and learn more insider tips on doing business in the mobile home park industry.
Key akeaways: [0:56] Quick shout out to MHPI podcast listeners - Thank you for listening to the show! [3:07] What’s so great about attending MHI trade shows? [5:25] Are you a newbee & considering going to MHI? Jefferson has some great tips to share. [7:25] What’s so valuable about spending a great amount of time with brokers and other industry professionals? [9:44] Aim to get invited to the dinner & cocktail parties. That’s where you get to know the folks that can be showing you deal flow or arranging financing, and get to meet other owners. [11:26] Also try to meet some of the mortgage brokers. [12:20] Listen to episode 20 to hear the interview with ndustry legend Jim Clayton, which was recorded at the MHI meeting in Las Vegas. [13:00] What did Jefferson & Brad do after recording last week’s podcast at the MHI conference? [13:29] You’ll find insurance brokers and mobile insurance companies at MHI. [15:27] On future podcasts, we’ll do some deeper dives into real estate brokerage, insurance, and water meters. [15:39] You will also find water meter companies at MHI. [18:00] Brad speaks to the industry lobbying part of MHI.
[20:28] There was a funny discussion about what to call this business. Thoughts on Land Lease Lifestyle Community? [22:10] Check out an MHI meeting at least once if you plan on getting into the mobile home park business. [23:23] NCC which is mainly about owners, is a subgroup of MHI. Jefferson & Brad will be attending the upcoming NCC meeting in November in Chicago. Mentioned in his Episode: Park Street Partners
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