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
EP109: Book Report: Am I Being Too Subtle? by Sam Zell (Part 1 of 3)
VIDEO: EP108: Interview Andrew Keel Tells Us How He Got In The Manufactured Housing Business
EP108: Interview Andrew Keel Tells Us How He Got In The Manufactured Housing Business
EP107: Interview Patrick McKenna Has Taken The Plunge And Bought Two Mobile Home Parks (2 of 2)
EP106: Interview Patrick McKenna Has Taken The Plunge And Bought Two Mobile Home Parks (1 of 2)
EP105: Interview Brad Huffines, VP Risk Communication, HazardCall (Weathercall Services)
VIDEO: EP104: Interview: Kurt Kelly Returns To Talk About Mobile Home Insurance, Workers’ Compensation Insurance, Dogs, And More
EP104: Interview: Kurt Kelly Returns To Talk About Mobile Home Insurance, Workers’ Compensation Insurance, Dogs, And More
VIDEO: EP103: Interview Brian Trippe, Mobile Home Park Owner in Birmingham, Alabama.
EP103: Interview Brian Trippe, Mobile Home Park Owner in Birmingham, Alabama.
VIDEO: EP102: Interview Sonya Salamon and Katherine MacTavish — Professors With An Interesting Point Of View On Mobile Home Parks
EP102: Interview Sonya Salamon and Katherine MacTavish — Professors With An Interesting Point Of View On Mobile Home Parks
VIDEO: EP101: Beware The Easy-To-Fill Mobile Home Park
EP101: Beware The Easy-To-Fill Mobile Home Park
VIDEO: EP100: Guide To Our First 100 Podcasts
EP100: Guide To Our First 100 Podcasts
EP099: Interview: Spencer Roane’s Career in Mobile Home Parks and Starting SECO (2 of 2)
VIDEO: EP099: Interview: Spencer Roane’s Career in Mobile Home Parks and Starting SECO (2 of 2)
VIDEO: EP098: Interview: Spencer Roane’s Career in Mobile Home Parks and Starting SECO (1 of 2)
EP098: Interview: Spencer Roane’s Career in Mobile Home Parks and Starting SECO (1 of 2)
Create your
podcast in
minutes
It is Free
Get Creative with Pace Morby
U.S Property Podcast
Aligned Money Show
The Ramsey Show
The Clark Howard Podcast