Welcome to Episode 98 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Spencer Roane is the Founder of SECO, a mobile home park conference that caters to expert mobile home parks owners and novices. Spencer owns four communities with 450 spaces and shares his experience of how he manages his parks as well as shares timeless advice for those who are looking to jump in and become a mobile home park owner.
Key Takeaways:
[2:50] What did Spencer do before he got into mobile home parks?
[7:05] When Spencer invested in his first mobile home park, what were some of his first reactions to the park?
[14:35] For Spencer, he has not had a default payment for double wide mobile homes.
[17:30] How does Spencer manage his four communities?
[22:30] How does Spencer find his properties?
[24:15] Spencer shares how he markets his properties.
[26:10] Spencer uses Rent Manager to track the financials on his properties.
[27:30] Does Spencer have plans to grow his park?
[28:55] Spencer is thinking of passing his properties down to his employees, not his sons.
[32:15] What do newbies need to know about the mobile home park business?
[34:55] Should you be new homes vs. old homes?
[37:10] There are a lot of park owners that are more than happy to help a newbie out.
[37:55] Tune in next week to find out what it’s like to run a mobile home park trade show!
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Secoconference.com
