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
EP072: Interview: Dawn Highhouse of MHVillage Tells Us How To Sell Manufactured Homes
EP071: Interview: Drew Babin, Equities Analyst at Robert W. Baird & Co., Talks Equity Lifestyle Properties and Sun Communities
VIDEO: EP070: Interview: Steve Case Talks About SECO, Co-Founding MobileHomeUniversity.com, and Buying MHPs and Self Storage Facilities
EP070: Interview: Steve Case Talks About SECO, Co-Founding MobileHomeUniversity.com, and Buying MHPs and Self Storage Facilities
EP069: Interview: Pat McKee of RENTERText Tells Us How To Fill Vacancies And Avoid Tornadoes
EP068: Interview: Ryan Howerton of 21st Mortgage Tells Us How To Get ‘Free’ Homes Into Our Communities
EP067: Interview: Craig Procter of Starker 1031 Exchange Services, Part 2
EP066: Interview: Craig Procter of Starker 1031 Exchange Services, Part 1
EP065: Interview: Gerry DiMarco of Security Mortgage Group
EP064: Interview: Matt Cohen of Gama Sonic Solar Lighting
EP063: Interview: Justin Powell of Streamline Automation Systems
EP062: Interview: Erik Hanson, MAI On How Mobile Home Parks Are Appraised, Part 2
EP061: Interview: Erik Hanson, MAI On How Mobile Home Parks Are Appraised, Part 1
EP060: Interview: Dick Ernst of MHI Discusses Lobbying The Federal Government To Finance Mobile Homes, Part 2
EP059: Interview: Dick Ernst of MHI Discusses Lobbying The Federal Government To Finance Mobile Homes, Part 1
EP058: Interview: Donald Westphal on Designing and Developing Mobile Home Parks, Part 2
VIDEO - EP057: Interview: Donald Westphal on Designing and Developing Mobile Home Parks, Part 1
EP057: Interview: Donald Westphal on Designing and Developing Mobile Home Parks, Part 1
EP056: Tales From the Road: Hiring A Manager For Our Newest Park
EP055: Interview: Andy Margolis, Mortgage Broker with Draper & Kramer
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