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
EP015: Tales from the Road to Closing
EP014: How to Partner with Park Street Partners and/or 'Bird Dog' for us
EP013: Capital Expenditure (CAPEX) Items and Your Mobile Home Park
EP012: Part 3 - What to Do Over the First 30 Days of Owning Your Mobile Home Park
EP011: Part 2 - What to Do Over the First 30 Days of Owning Your Mobile Home Park
EP010: Part 1 - What to Do Over the First 30 Days of Owning Your Mobile Home Park
EP009: Closing – Money Goes One Way and Title Goes the Other
EP008: The Benefits of Seller Carry – aka Seller Financing
EP007: Third Party Reports – The Phase 1, The Survey, and The Appraisal
EP006: Persistence Pays – Financing Your Mobile Home Park Investment
EP005: Initial On-Site and Off-site Diligence on Mobile Home Parks (Part 2)
EP004: Initial Off-Site Diligence on Mobile Home Parks
EP003: Demographic trends - stable and growing need for affordable housing
EP002: How To Find a Mobile Home Park to Purchase
EP001: Why the Mobile Home Park Industry Is A Compelling Business
EP000: Introduction: World's First Podcast Dedicated to Mobile Home Park Investing, And Why You Should Care
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