From Sewage To Success: Overcoming Septic Tanks, Potholes, And Challenges In Mobile Home Parks With Tyler Lekas The Millionaire Journey podcast

From Sewage to Success: Overcoming Septic Tanks, Potholes, and Challenges in Mobile Home Parks with Tyler Lekas

6M ago 47:47

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"If you don't increase rents, they can't ask more of you on the management side, because you can't pay anybody. Right? And you can't pay for infrastructure. And you can't pay to keep the property up. And you can't pay for new improvements because the government is constantly raising taxes on us. Insurance is constantly raising their rates. Our plumbers are constantly raising their rates, etcetera. So as the lot rents get higher, it's not pretty. I don't like it any more than anybody else does as prices go up. But we get more professional management, right? And that's better for the residents. We get more amenities, which is better for the residents. The parks stay around."

Join me this week as I interview Tyler Lekas, a principal operator at MHCI Group, a leading firm specializing in the acquisition of Manufactured Housing Communities (MHCs). With a strong background in financial advising, having started his career at First Investors and Stifel Nicolaus, Tyler has transitioned his expertise into the world of real estate investment. Since 2017, he has been acquiring and managing MHCs, and by 2018, he had already purchased his first 55-space park in Florida. Today, Tyler and his team at MHCI Group have expanded to own over 750 units across the Southeast, making them the largest private owner of mobile home parks in Arkansas.

The impact of quality property management
Challenges in mobile home park operations
Acquisition strategies and market insights for MHPs and MHCs
Dealing with infrastructure issues
Navigating wastewater treatment, natural disaster risks, and insurance
Building your operations team
Operational challenges and solutions
The role of standard operating procedures
Rental increases and community improvements
Maintaining standards and resident relations

Episode Links:

LinkedIn: @tyler-lekas-0087aa64

IG: @tylerlekasmhp

Facebook: @tyler.lekas

https://www.mhcigroup.com/

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