Passive Mobile Home Park Investing
Business:Investing
Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks with Dylan Stewart and Alex Donnolo of Mavdon Investments. Dylan and Alex bring their youthful enthusiasm and excitement to this week’s episode as they talk about their first mobile home park deal, the future of Mavdon Investments, their due diligence process, and their journey into the manufactured housing industry. Don’t let their youth fool you, Dylan and Alex are very knowledgable on the mobile home park business. They share what they’ve learned and how they continue to learn about this evolving industry. Don’t miss all of the golden nuggets this episode has to offer!
Dylan and Alex have always had entrepreneurship in their blood. Separately, they were both in the single-family home investing business before partnering and forming Mavdon investments.
Their first mobile home park deal came about at the end of 2018 just outside of St. Louis, Missouri. They’ve gone on to close on six more parks. They currently own 117 lots and are closing on another 176 this month! They have created and maintained a fantastic team and their goal is to help educate others in the business.
***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This interview is for informational purposes only and should not be depended upon for investment purposes. ***
Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 2,000 lots under management. His team currently manages over 30 manufactured housing communities across more than ten 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.
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.
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Talking Points:
Links & Mentions from This Episode:
Quotes:
“We’ve got a great team around us so we can focus on doing what we need to do, so we can work in the business and work on the business.” - Dylan Stewart
“Being younger entrepreneurs, we want to master the operational side of things.” - Dylan Stewart
“Now our management system is really the key to our success.” - Alex Donnolo
“All we knew going in was that it was clean cash flow.” - Alex Donnolo
Interview with Loan Broker Scott Modelski of Black Bear Capital
Interview with Dave Foster of The 1031 Investor
Interview with Steve Edel & Justin Gonzales from Due Diligence Partners
Interview with Jordan Nodel of Nodel Parks
Interview with LP Investor Advisor Aleksey Chernobelskiy of Centrio Capital Partners
Interview with Tracy Renna of MH Title Brokers
Interview with Jordan Savitsky of 50West Capital
Interview with Michael O'Connor of mPark Partners LLC
Interview with Walter Johnson of Sonos Capital
Interview with Mobile Home Park Appraiser Erik Hanson from Colliers Valuation & Advisory Services
NEW March 2024 Interview with Frank Rolfe of Mobile Home University
Feb. 2021 Interview with Frank Rolfe of MHU (Ep. 40 Replay)
Interview with Cory Harelson of Freedom Investing Group
Interview with Nick Chapman of South-East Family Housing
Interview with Owner/ Operator Roger King of Kings Unlimited LLC
Interview with Frank Rizzo of Stone Capital Investors and MHP Exchange
Interview with Brad Rymer the former CFO of RV Horizons (Ep. 49 Replay)
Interview with Jeff Cook of Cook Properties NY
Interview with Zach Dixon of Green River Capital Partners
Interview with Scott MacNeil, CEO of Performance Equity Partners (PEP Lending)
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