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
EP054: Tales From the Road: MHI 2017
EP053: Interview: Paul Bradley, When Tenants Buy Their Mobile Home Park (2 of 2)
EP052: Interview: Paul Bradley, When Tenants Buy Their Mobile Home Park (1 of 2)
EP051: Everything You Always Wanted To Know About Pipe Bursting, But Were Afraid To Ask
EP050: Interview: Mike Renz talks environmental liability, Phase 1s, and MHPs
EP049: Jefferson Reflects On 10 Years In The Business
EP048: Quick Tip: How to Save on Your Electric Bill
EP047: 'In The Weeds' With CMBS Financing (2 of 2)
EP046: 'In The Weeds' With CMBS Financing (1 of 2)
EP045: How to Hire the Right Manager
EP044: 2016 - The Year In Review
EP043: Case Study: Fort Worth Mobile Home Park for Sale (part 2 of 2)
EP042: Case Study: Fort Worth Mobile Home Park for Sale (part 1 of 2)
VIDEO - EP041: Park Street Partners - Update on Fund 2
EP041: Park Street Partners: Update On Fund 2
EP040: How to Know In 30 Seconds If You Should Buy A Mobile Home Park
EP039: Interview: David Protiva Talks Mobile Home Parks, Mistakes, And Advice
EP038: Tales From The Road: A Typical Diligence Trip
EP037: Tales From The Road: The Manufactured Housing Institute's National Communities Council Meeting in Chicago, IL
EP036: Tales From The Road: The SECO Conference in Atlanta, GA
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