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
EP035: Interview: Trailer Park Economics with Professor Charles Becker of Duke University — Part 2
EP034: Interview: Trailer Park Economics with Professor Charles Becker of Duke University — Part 1
EP033: Interview: Mobile Home Park Insurance - Better Safe Than Sorry with Kurt Kelley from Mobile Insurance
EP032: How to Find, Buy, and Move a Mobile Home into Your Mobile Home Park
EP031: Using Technology to Manage Your Mobile Home Park
EP030: Interview: John Hurd, Mobile Home Park Owner and Property Manager
EP029: Let's Do the Math: Why You Should Never Build A Mobile Home Park From Scratch
EP028: To Accept Or Not to Accept Section 8?
EP027: Interview: Real Estate Investor and Educator, Dyches Boddiford - Part 2
EP026: Interview: Real Estate Investor and Educator, Dyches Boddiford – Part 1
EP025: How to Hire and Work with Contractors
EP024: Interview: MHP Financing Insights with MJ Vukovich - Part 2
EP023: Interview: MHP Financing Insights with MJ Vukovich - Part 1
EP022: Things Brokers Say
EP021: Tales From the Road: MHI 2016
EP020: Interview: Industry Legend Jim Clayton
EP019: Case Study - Park Street's First Mobile Home Park Investment
EP018: Accelerated Depreciation on MHPs, and Reducing Your Income Taxes
EP017: Saving on Your Mobile Home Park Property Taxes
EP016: How to Market a Mobile Home Park
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