Passive Mobile Home Park Investing

Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew Keel sits down with Leo Young, co-founder of Cornell Communities, to discuss his journey from working at Tesla to building a successful career in mobile home park investing. Leo shares what drew him to the mobile home park investment thesis, how he built an efficient operations team to scale his trailer park portfolio, and the key lessons he has learned from both wins and mistakes. Listeners will hear real-world insights on raising capital, managing park-owned mobile homes, navigating rent control and regulatory changes, and what it really takes to create passive income through mobile home park investments. With experience on a $4.5 billion private equity acquisition team and over $50 million in real estate transactions, Leo brings a unique perspective combining operational expertise, strategic investing, and hands-on management to the mobile home park investing asset class.   Topics covered in this episode: Leo Young’s journey from Tesla to mobile home park investing What first attracted him to the mobile home park investment thesis Building an efficient operations team to scale a mobile home park portfolio Raising capital for mobile home park investments Lessons learned from mobile home park deals that looked good on paper but failed in reality and in due diligence Managing park-owned mobile homes and ensuring reliable on-site managers The importance of having strong people on the ground and being on-site Navigating rent control and increasing regulatory pressures The mindset and work ethic required to succeed in the mobile home park industry Spicy lightning round: fun insights and quick takes on manufactured housing communities About Leo Young Leo Young is the co-founder of Cornell Communities and has been involved in over $50 million worth of real estate transactions. He previously served on the acquisition team of a $4.5 billion private equity fund. Before real estate, Leo was the #1 Regional Salesperson at Tesla, an experience that shaped his approach to operations, leadership, and scaling investments in mobile home parks. About Andrew Keel Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states. Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes: Bringing in mobile homes to fill vacant lots. Implementing utility bill-back programs. Improving overall management and operating efficiencies in mobile home parks. These strategies can significantly boost both asset value and net operating income. Learn more at keelteam.com Chec...

Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew Keel sits down with Andrew Cramer, Founder of Bridgeview Asset Management, to discuss what it really takes to succeed in mobile home park investing. Since 2011, Andrew Cramer has acquired and managed over 3,000 mobile home park units, building a portfolio valued at more than $300 million. He shares his unique journey from chemistry and hedge funds to mobile home park investor, offering insights into both the operational and investor sides of the business. Andrew Keel and Andrew Cramer dive into the lessons learned from building a high-performing mobile home park team, executing a game-changing mobile home park deal that reshaped his strategy, and navigating the brokerage community. They also cover the importance of understanding the towns and people behind each mobile home park, breaking common industry stigmas, and strategies for scaling a mobile home park investment portfolio successfully. Topics covered in this episode: Andrew Cramer’s journey from chemistry and hedge funds to mobile home park investing Learning the mobile home park business through trial and error Building an investor-focused mobile home park team and processes Executing a transformative mobile home park acquisition Navigating the mobile home park brokerage community Why understanding the town and people behind each mobile home park matters Common mobile home park investing myths Andrew Cramer shares key lessons from scaling thousands of mobile home park units, building a strong team, and evaluating communities—insights every investor and operator can use. About Andrew Keel Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states. Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes: Bringing in mobile homes to fill vacant lots. Implementing utility bill-back programs. Improving overall management and operating efficiencies in mobile home parks. These strategies can significantly boost both asset value and net operating income. Learn more at keelteam.com Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” — available on our website: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/ Andrew has been featured on some of the top podcasts in the manufactured housing space. Listen to his most recent interviews here: keelteam.com/podcast-links. To successfully i...

Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew Keel sits down with Brad Johnson, Managing Partner at Vintage Capital, to discuss what it really takes to build lasting success in mobile home park investing. With over 20 years of experience and $3.3 billion in real estate acquisitions, Brad Johnson has seen the mobile home park investing business from both sides — first as a mobile home park owner-operator, and now as a trailer park investment capital allocator. He also co-hosts The Alternative Investor Podcast, where he shares insights on tax-efficient and alternative real estate investing. Andrew Keel sits down with Brad Johnson to discuss mobile home park investing from both the operator and investor perspective. They cover Brad’s journey from mobile home park operator to mobile home park capital allocator, key lessons learned, how to identify strong deals, which regions and infrastructure types are performing best, and common mobile home park investing myths.   Topics covered in this episode: Brad’s journey from mobile home park operator to capital allocator Evaluating mobile home park operators and deals effectively Why investing in top mobile home park management talent matters Types of mobile home park investors and operators today High-performing regions and mobile home park infrastructure types (septic, wastewater treatment plants, lagoons) Common mobile home park investing myths If you want to understand mobile home park investing from both the operational and investment perspectives, this conversation is full of valuable takeaways.   About Andrew Keel Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states. Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes: Bringing in mobile homes to fill vacant lots. Implementing utility bill-back programs. Improving overall management and operating efficiencies in mobile home parks. These strategies significantly boost both asset value and net operating income. Learn more at keelteam.com Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” — available on our website: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/ Andrew has been featured on some of the top podcasts in the manufactured housing space. Listen to his most recent interviews here: keelteam.com/podcast-links. To successfully implement his management strategy, Andrew’s team often relocates on-site during the f...

Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In today’s episode, Andrew sits down with industry leader Kevin Bupp, Founder & CEO of Sunrise Capital Investors. If you’ve been tuning in for a while, you might remember Kevin’s appearance back in Episode 18 (2021). Now, he’s back to share fresh lessons and new perspectives gained from four more years of growing a nationwide mobile home park portfolio. With more than 16 years in mobile home park investing, Kevin Bupp has become a recognized voice in the industry. His firm, Sunrise Capital Investors, manages communities across the U.S. while also expanding into parking facility investments. Beyond operations, Kevin is the bestselling author of The Cashflow Investor and the host of the top-rated Real Estate Investing for Cash Flow Podcast. In this episode, Andrew Keel and Kevin Bupp dive into Kevin’s mobile home park investing journey and the lessons learned in the field, including: The mobile home park deal that got away — and what it taught Kevin Bupp about risk, discipline, and timing. How Kevin's mobile home park underwriting and approach to private utilities has evolved over time. The story Andrew Keel uncovers about Kevin Bupp's very first mobile home park acquisition in Lovejoy, GA, and the challenges that came with it. Kevin’s mission, discussed with Andrew Keel, to break the stigma around mobile home parks while providing affordable housing solutions. Why Kevin Bupp is diversifying into parking garages and parking lots as part of his long-term investment strategy. A fun, rapid-fire Q&A round where Andrew Keel puts Kevin Bupp on the spot with questions generated by AI ChatGPT. Whether you’re exploring passive investing in mobile home parks, looking for insider insights into mobile home park syndication, or simply curious about what it takes to scale in this niche asset class, this candid conversation between Andrew Keel and Kevin Bupp is a must-listen. About Andrew Keel Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states. Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes: Bringing in mobile homes to fill vacant lots. Implementing utility bill-back programs. Improving overall management and operating efficiencies in mobile home parks. These strategies significantly boost both asset value and net operating income. Learn more at keelteam.com Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” — available on our website: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/ Andrew has been featured on some of the top podcasts in the manufactured housing spa...

Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel! In this episode, Andrew Keel sits down with Kyle Grimm, a full-time real estate investor based in Quincy, Illinois. Kyle Grimm’s journey began in high school when he made his first investment—a house he purchased for just $5,000! Fast forward to today, and Kyle Grimm has built an impressive portfolio spanning single-family homes, small multifamily properties, self-storage facilities, mobile home parks, and even an RV campground. Currently, Kyle Grimm owns 330 mobile home park lots, with 95 more units under contract. Kyle Grimm shares hard-earned lessons from his investing career, including his first mobile home park deal, the importance of vertical integration within mobile home park investing, and how to build a successful trailer park investment strategy. Kyle Grimm and Andrew Keel also tackle mobile home park industry challenges like rent control regulations, cash flow management, and the stigma surrounding mobile home parks. Listen in for real-world insights, actionable investing tips, and lessons from Kyle Grimm’s journey! Andrew Keel is the owner of Keel Team, LLC, a Top 44 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages over 40 manufactured housing communities across more than 15 states. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out keelteam.com to learn more. Check out Andrew Keel’s FREE e-book, “The Top 20 Things You Need to Know Before You Start Investing in MHPs” which you can also find on our website,  https://keelteam.com/ Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: https://www.keelteam.com/podcast-links. To successfully implement his management strategy, Andrew’s team usually moves on location during the first several months of ownership. Find out more about Andrew’s story at AndrewKeel.com. Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick five-star review. We have a goal of hitting over 500 total 5-star reviews, and it would mean the absolute world to us if you could help contribute to that. Thanks ahead of time for making our day with your five-star review of the show. Would you like to see mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.   Talking Points: 00:21 - Welcome to the Passive Mobile Home Park Investing Podcast