Welcome to Episode 75 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Ryan Burke is a Wall Street Analyst for Green Street Advisors. This episode is Part two of a three-part series. On the show, Ryan discusses why there isn’t new park development in the mobile home park industry, what kind of returns you can expect from a mobile home park, and how they’re faring with publicly traded companies like ELS and SUI.
Key Takeaways:
[1:25] What kinds of things or factors inhibit the construction of new parks?
[4:00] Why are there not a lot of third-party managers in this industry?
[6:15] On average, what type of return could you achieve if you were to buy a manufactured home and hold it forever?
[7:50] What are the average premiums to property value right now?
[10:15] How does Ryan conduct his research on this industry?
[13:10] What kind of differences are there between the publicly traded companies like ELS and SUI?
[18:20] Rental homes are like kryptonite in this business. How do companies like ELS and SUI manage their rental home numbers and are they making money?
[21:20] What percentage of home rents are ELS and SUI having to spend to maintain their homes? Curious about this answer? Tune in next week for part 3!
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
