Welcome to Episode 108 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson invites Andrew Keel to share his story as a new park owner. Andrew discusses how he found his first mobile home, the resources he uses to find new tenants and the nitty-gritty details that go into owning and managing a park!
Key Takeaways:
[2:05] What did Andrew do prior to mobile home parks?
[5:45] Andrew explains how he found his first mobile home park.
[6:55] What kind of relationship did Andrew have with the park owner?
[10:35] What kind of diligence did Andrew do for the park before purchasing it?
[13:30] Andrew shares the business plan he had for the park.
[15:50] How did Andrew find the service providers he needed to take care of the park from a different part of the state?
[18:25] Why did Andrew decide to keep the previous property manager?
[20:00] Andrew shares why he uses Venmo and how it works with his bank accounts.
[23:15] How does Andrew market his properties?
[26:30] How many people are on Andrew’s team?
[28:30] Andrew shares lessons learned and mistakes he’s made.
[30:30] What are Andrew’s plans for the future?
[31:10] What advice does Andrew have for newbies?
Mentioned in This Episode:
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Email: andrew@keelteam.com
