EP078: Interview: Rick Cheek of Home Depot Renovation Services

Welcome to Episode 78 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Rick Cheek has been working for Home Depot for the last 20 years. Rick oversees the renovation division of Home Depot. On today’s show, Rick discusses some of the ways mobile home park owners can benefit from Home Depot’s service and also discusses some of the things you can expect from working with them.

 

Key Takeaways:

[1:05] Did you know Home Depot has an entire division that helps rehab mobile homes?

[2:35] What did Rick do before he joined Home Depot?

[5:10] The renovation division was originally created to serve single-family homes, but over the years the division has expanded into the mobile home park industry.

[7:30] In the last three years, Home Depot has rehabbed roughly around 3,000 mobile homes.

[9:40] What kinds of markets is Home Depot serving and where can owners find this service?

[12:50] How turnkey is the service? What kinds of things will Home Depot do vs. won’t do?

[20:35] Once the rehab job is done, what kind of inspection period does the homeowner have?

[21:40] Home Depot will stand by the work they do for a year after once they’ve finished with the property.

[22:45] Home Depot vets their service providers really well. It takes roughly 120 days for them to fully vet someone and very few people are accepted.

[24:55] How did this division even get started?

[28:00] How big is this division?

 

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

HomeDepot.com

Email Rick: Richard_Cheek@HomeDepot.Com