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EP 173: Mobile Home Park Investment Strategies with Andrew Keel
Manage episode 447259542 series 3579848
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In this episode of Agents Building Cashflow, Randal McLeaird dives into the world of mobile home park investing with Andrew Keel, the owner of Keel Team, LLC, a top 100 operator of manufactured housing communities with over 3,000 lots under management. Andrew shares his journey from flipping houses to managing mobile home parks, offering valuable insights on syndication, value-add strategies, financing options, and the unique depreciation benefits of mobile home parks.
He highlights the benefits of working directly with mom-and-pop park owners and explains the importance of understanding utility infrastructure when assessing investment risks. This conversation unveils actionable steps toward successful investing. Tune in to uncover the strategic advantage of mobile home park investments!
Key takeaways to listen to:
- Discovering the high depreciation benefits of mobile home parks.
- Targeting value-add opportunities by purchasing from retiring mom-and-pop owners.
- Avoiding cash flow pitfalls with effective water and sewer management.
- Exploring creative financing and syndication strategies for scalable growth.
- Learning how on-site management and tenant stability increase park value.
About Andrew Keel
Andrew Keel is the Owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.
Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy, Andrew’s team usually moves on location during the first several months of ownership. Find out more about Andrew’s story at AndrewKeel.com.
Connect with Andrew Keel:
- LinkedIn - https://www.linkedin.com/in/andrewkeel
- Website - https://keelteam.com/
- Andrew’s Official Website - https://www.andrewkeel.com/
- Instagram - https://www.instagram.com/passivemhpinvesting/
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