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:
www.parkstreetpartners.com
mobilehomeparkinvestors.net
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to: deals@parkstreetpartners.net
