Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
Business:Investing
Welcome to Episode 119 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is back after a short podcast hiatus with some interesting updates from the latest trade show he attended. Jefferson recommends you attend the NCC trade show to learn about the latest industry news and to network with others. He’s even gotten a deal out of it himself by attending this event!
Key Takeaways:
[1:50] Who should go to the NCC trade show?
[2:50] What economic trends have been affecting the housing industry?
[7:50] Around 100,000 long-haul truck drivers will be put out of business in the next five years due to automation.
[11:45] Interest rates are predicted to keep rising and we might see a mini-recession in the second half of the year.
[15:00] A quick legislative and regulatory update.
[21:45] Roughly 12% of all housing in Georgia is manufactured.
[22:25] Nothing in section 107 of the 2155 law impacts rent-to-own agreements.
[24:15] Invite all your local representatives to come to see your park and your community. Talk to them about what you’re doing.
[24:51] The next talk was about how to properly manage your PR during a crisis.
[30:25] Think about your positive tenants. Who are your allies?
[31:35] Set Google Alerts for your name or for your park.
[35:55] What is the state of the market currently?
[39:25] Biggest challenge currently is hiring talented employees.
[42:50] Preliminary data shows that pad rents increase faster than apartment rents do.
[44:45] Have some questions or thoughts? Feel free to email Jefferson.
Mentioned in This Episode:
Park Street Partners
Investment Opportunities
Park Street Partners Business Resources
LinkedIn: Mobile Home Park Investors Group
Send deals to Deals@parkstreetpartners.com
Meltwater.com
Chatmeter.com
EP097: Interview: Todd Foster, Mobile Home Park Owner With A Different View
EP096: Interview Professor Michael Hughes Tells Us About An Incredibly Creative Mobile Home Renovation
VIDEO: EP095: Interview: Mike Johnson, MHP Owner and Early Retirement Expert
EP095: Interview: Mike Johnson, MHP Owner and Early Retirement Expert
VIDEO: EP094: Interview: DJ Pendleton, Executive Director, Texas Manufactured Housing Association
EP094: Interview: DJ Pendleton, Executive Director, Texas Manufactured Housing Association
VIDEO: EP093: Interview: Brandon Turner (BiggerPockets co-founder) and Ryan Murdock, First-Time MHP Buyers
EP093: Interview: Brandon Turner (BiggerPockets co-founder) and Ryan Murdock, First-Time MHP Buyers
VIDEO: EP092: Interview: Jill Denlea, First-Time MHP Buyer
EP092: Interview: Jill Denlea, First-Time MHP Buyer
EP091: TEXCO18 Trade Show Recap
VIDEO: EP090: Interview: Daniel Din Of Freddie Mac Explains How To Borrow From The Government
EP090: Interview: Daniel Din Of Freddie Mac Explains How To Borrow From The Government
VIDEO: EP089: Interview: Duke University Professor Charles Becker and Brenda Garcia-Lemus Talk Mobile Home Park Rents And More
EP089: Interview: Duke University Professor Charles Becker and Brenda Garcia-Lemus Talk Mobile Home Park Rents And More
EP088: Interview: Ralf Gomm, Mobile Home Park Owner (2 of 2)
EP087: Interview: Ralf Gomm, Mobile Home Park Owner (1 of 2)
VIDEO: EP086: Interview: Ben Braband, Mobile Home Park Owner (2 of 2)
EP086: Interview: Ben Braband, Mobile Home Park Owner (2 of 2)
EP085: Interview: Ben Braband, Mobile Home Park Owner (1 of 2)
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