Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
156 episodes - English - Latest episode: about 5 years ago - ★★★★★ - 163 ratingsThe Mobile Home Park Investors Podcast is the world’s first podcast dedicated to mobile home park investing. This weekly podcast explains the intricacies of this unique real estate niche and details why an investor would want to own a mobile home park, either directly or through a real estate fund. Current manufactured housing community owners will find this podcast helpful in improving their mobile home park’s operations and profitability.
The Podcast is hosted by Jefferson Lilly and Brad Johnson who are the co-founders of Park Street Partners, a private real estate investment firm focused on mobile home parks. The company seeks to deliver its investors superior cash flow returns by acquiring and investing in undervalued mobile home parks. Park Street Partners does this while helping to solve America’s affordable housing crisis by improving communities and increasing the supply of housing in the markets it operates in.
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Episodes
EP054: Tales From the Road: MHI 2017
May 11, 2017 14:20 - 19 minutes - 18.2 MBWelcome to episode 54 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad is off on this week’s episode. Jefferson does a quick recap of the MHI Show that was hosted in Vegas this year, and shares some of the useful technologies he found out about while at the tradeshow. Key Takeaways: [1:25] Jefferson ended up getting a handful of deals at the tradeshow. [2:45] What kind of technological tools did Jefferson see...
EP053: Interview: Paul Bradley, When Tenants Buy Their Mobile Home Park (2 of 2)
April 20, 2017 16:52 - 26 minutes - 24.4 MBWelcome to episode 53 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad and Jefferson are joined by Paul Bradley, the Founding President of ROC USA. The guys continue last week’s conversation about how mobile home park residents are able to go from rentee to owner. If you hadn’t had the chance to listen to part one, be sure to listen to that episode first! Key Takeaways: [1:30] When it comes to sign for the big ...
EP052: Interview: Paul Bradley, When Tenants Buy Their Mobile Home Park (1 of 2)
April 13, 2017 17:18 - 27 minutes - 25.4 MBBrad and Jefferson are joined by Paul Bradley, the Founding President of ROC USA. Paul helps tenants acquire their mobile home parks, and explains in detail the steps residents need to take to go from rentee to owner. This episode is part one out of a two part interview, so be sure to come back next week and hear more from Paul! Key Takeaways: [1:10] Last week Brad was hacking through the Everglades of North Carolina, looking for good mobile home park deals. [1:30] Paul and his com...
EP051: Everything You Always Wanted To Know About Pipe Bursting, But Were Afraid To Ask
April 06, 2017 18:04 - 35 minutes - 33.1 MBWelcome to episode 51 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad is off this week looking at houses in North Carolina! Instead, Jeferson invites four people, probably the most he’s ever had on a single podcast episode, from the Tric Tools team to discuss their pipe bursting technology. On this show, you’ll hear CEO Ward Carter, CFO Michael Lien, Director of Marketing, Tech Support John Rafferty, and Market Strate...
EP050: Interview: Mike Renz talks environmental liability, Phase 1s, and MHPs
March 16, 2017 13:33 - 38 minutes - 35.3 MBWelcome to episode 50 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson and Brad interview Mike Renz, an environmental geologist & consultant. Mike’s clients hire Mike to test the soil of properties and sites prior to purchase. Mike talks in detail about the type of work he does for property investors, and why it’s so important to understand what kinds of toxins are in your soil. Key Takeaways: [1:35] Mike ...
EP049: Jefferson Reflects On 10 Years In The Business
March 09, 2017 17:02 - 23 minutes - 44.5 MBWelcome to episode 49 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. March 2nd marks Jefferson’s 10th year in the mobile home park industry! As Brad is off this week, Jefferson reflects on the many, many lessons he’s learned over the years. Key Takeaways: [1:00] Jefferson has been in the business for 10 years! [2:15] Jefferson never would have been able to predict everything that’s happened over the last 10 year...
EP048: Quick Tip: How to Save on Your Electric Bill
March 02, 2017 12:18 - 11 minutes - 10.6 MBWelcome to episode 48 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad is off on this week’s episode, but Jefferson has a powerful tip that took him nearly ten years to figure out! If you’re looking for a creative way to reduce that costly electric bill, then this is an episode you surely do not want to miss! Key Takeaways: [1:15] Today’s podcast is going to be like an espresso — very concentrated! [2:00] It ...
EP047: 'In The Weeds' With CMBS Financing (2 of 2)
February 23, 2017 17:41 - 31 minutes - 29.3 MBWelcome to episode 47 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson and Brad continue their discussion about CMBS financing, and outline what you need to know before you get one! Be sure to listen to last week’s episode to get caught up to speed. Key Takeaways: [2:15] What third party documents/reports do you need in order to apply for CMBS financing? [5:45] What do you know about zoning restrictions/...
EP046: 'In The Weeds' With CMBS Financing (1 of 2)
February 16, 2017 18:20 - 27 minutes - 25.2 MBWelcome to episode 46 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson and Brad explain everything you need to know about Commercial Mortgage-Backed Securities (CMBS), and when it’s the right time to get one. Is CMBS financing right for you? Get a crash course on it in this week’s episode! Key Takeaways: [2:20] How does CMBS work? [7:05] Most commercial mortgage brokers deal with CMBS loans. [8:15] If ...
EP045: How to Hire the Right Manager
February 09, 2017 17:43 - 21 minutes - 19.9 MBWelcome to episode 45 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson and Brad dive right in on how to hire the right property manage for your mobile home park. What do Jefferson and Brad look for in a manager? Find out today! Key Takeaways: [2:00] You have to hire somebody with integrity. [2:25] When Jefferson and Brad acquire a new property, they’re open to keeping the same manager. [5:30] Jefferson...
EP044: 2016 - The Year In Review
February 02, 2017 12:51 - 35 minutes - 32.5 MBWelcome to episode 44 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson and Brad welcome listeners to the new year! They do a quick year-end wrap-up of 2016, and discuss the future of mobile home parks, on this week’s episode. What can we look forward to in 2017? You’ll have to listen in! Key Takeaways: [:55] Happy New Year, everybody! [1:25] Jefferson and Brad have been busy during the month of January a...
EP043: Case Study: Fort Worth Mobile Home Park for Sale (part 2 of 2)
December 29, 2016 13:22 - 29 minutes - 26.9 MBWelcome to episode 43 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This episode is a continuation of last week’s podcast, where Jefferson walks Robert Nelson through the math and money behind purchasing his first mobile home park. What are some telltale signs that Robert needs to look out for? Find out today! Key Takeaways: [1:45] It’s a good thing Robert’s first prospect park is not listed in the yellow pages. ...
EP042: Case Study: Fort Worth Mobile Home Park for Sale (part 1 of 2)
December 22, 2016 17:00 - 28 minutes - 25.9 MBWelcome to episode 42 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson Lilly invites Robert Nelson on to the show to discuss the first mobile home park Robert found, and does an analysis on the property. Jefferson walks Robert through the process, and the math, to help him come to the conclusion whether the mobile park home he found is worth the hefty price tag. Key Takeaways: [2:55] How did Robert first g...
VIDEO - EP041: Park Street Partners - Update on Fund 2
December 16, 2016 00:00 - 26 minutes - 451 MB VideoPark Street Partners www.parkstreetpartners.com Mobile Home Park Investors www.mobilehomeparkinvestors.com
EP041: Park Street Partners: Update On Fund 2
December 15, 2016 17:06 - 25 minutes - 23.9 MBWelcome to episode 41 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This week’s episode covers Jefferson and Brad’s deal flow, along with the properties that they have in their fund right now. They discuss a little bit about the inner workings of each mobile home park, and share their expert advice to you! Key Takeaways: [1:00] Jefferson and Brad give an update on how their portfolio is doing right now. [1:40] ...
EP040: How to Know In 30 Seconds If You Should Buy A Mobile Home Park
December 08, 2016 14:13 - 9 minutes - 9.13 MBWelcome to episode 40 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson records this quick 9-minute episode to discuss in detail the things you can do in 30 seconds or less, to find out whether you’ve got a good mobile home park deal on your hand. As you look at more deal flow, you can’t afford to waste time on bad properties! Key Takeaways: [1:40] As you start seeing more deal flow, it’s very important to ...
EP039: Interview: David Protiva Talks Mobile Home Parks, Mistakes, And Advice
November 24, 2016 13:58 - 21 minutes - 19.5 MBWelcome to episode 39 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad is off this week, but this means that Jefferson gets to interview David Protiva. David and two other co-founders, Chuck Meek and Mark Titshaw, have been hosting the ‘Trailer Park Kings’ event every year since 2006. As Jefferson attends this event, he also gets a behind-the-scenes looks at David’s investment strategy, and how he got started in this i...
EP038: Tales From The Road: A Typical Diligence Trip
November 17, 2016 16:55 - 12 minutes - 11.8 MBWelcome to episode 38 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad is off this week, so it’s just your co-host Jefferson! Today, in this quick 12-minute episode, Jefferson goes through the steps he takes -- what a typical diligence trip looks like for him. Key Takeaways: [1:00] On today's show, Jefferson will cover what a typical diligence trip looks like for him. [2:15] Jefferson flew into Detroit, and m...
EP037: Tales From The Road: The Manufactured Housing Institute's National Communities Council Meeting in Chicago, IL
November 10, 2016 16:27 - 16 minutes - 15.7 MBWelcome to episode 37 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson from Park Street Partners. Jefferson is flying solo as a host today! On November 1st - 3rd, Jefferson attended the Manufactured Housing Institute (MHI) meeting in Chicago, IL, and has some thoughts to share on what he learned. If you weren’t able to attend the meeting, you can get a quick recap of the event right here! Key Takeaways: [1:00] Jefferson does a recap of the latest ...
EP036: Tales From The Road: The SECO Conference in Atlanta, GA
November 03, 2016 14:11 - 20 minutes - 19.4 MBWelcome to episode 36 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. It’s just Jefferson on this week’s podcast, as Brad is out of the office. Jefferson does a quick recap of the SECO (Southeast Community Owners Symposium) conference he attended in Atlanta. It’s a three-day conference jammed pack with helpful information for mobile home park owners. If you’re a mobile park owner located in the Southeast, or hoping to beco...
EP035: Interview: Trailer Park Economics with Professor Charles Becker of Duke University — Part 2
October 20, 2016 15:11 - 19 minutes - 18.3 MBEWelcome to episode 35 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This is episode part 2 of the interview with Charles Becker, a professor in the economics department at Duke University. Charles discusses why corporate buyers tend to get the better deal, his research on the amount of rent being charged, and much more, on this week’s episode! Key Takeaways: [1:35] What kind of park buyers get the best deals? ...
EP034: Interview: Trailer Park Economics with Professor Charles Becker of Duke University — Part 1
October 13, 2016 17:31 - 20 minutes - 19.3 MBWelcome to episode 34 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners.Charles Becker is a professor in the economics department at Duke University. Charles somehow convinced Duke University to take a bigger interest in the economics of trailer parks. Why does it make sense for a tenant to live in a mobile home park? Charles has studied the dynamics of the trailer park industry and is here to share his insights in a 2-part i...
EP033: Interview: Mobile Home Park Insurance - Better Safe Than Sorry with Kurt Kelley from Mobile Insurance
September 29, 2016 13:04 - 28 minutes - 26.8 MBWelcome to episode 33 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Joining Jefferson and Brad on this episode is a special guest, Kurt Kelly, Owner and President of Mobile Insurance based in Texas. Listen in to learn about animal management and rental management from a leader in property and liability insurance for the mobile home industry. Key Takeaways: [1:31] Kurt is all about helping park owners be safe ...
EP032: How to Find, Buy, and Move a Mobile Home into Your Mobile Home Park
September 22, 2016 13:47 - 24 minutes - 22.6 MBWelcome to episode 32 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson with the Park Street Partners. In this episode, Jefferson and Brad discuss many aspects of mobile homes, including stories and practical tips on how to find a mobile home, how to buy a mobile home, and how to move a mobile home. If you’re in the mobile home park business, it’s inevitable that you’re going to have to buy some mobile homes and transport them into your parks. Listen in to...
EP031: Using Technology to Manage Your Mobile Home Park
September 15, 2016 12:46 - 32 minutes - 30.3 MBWelcome to episode 31 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad is back on this episode, which is all about how Jefferson and Brad use technology in their mobile home park business. Listen in to learn which technology to use while doing diligence on a mobile home park, as well as find out what tech tools are available to help you manage the day-to-day activities of your mobile home park. Key Takeaways: ...
EP030: Interview: John Hurd, Mobile Home Park Owner and Property Manager
September 01, 2016 11:46 - 34 minutes - 32.6 MBWelcome to episode 30 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson and Brad are joined by a very special guest, John Hurd, on this episode. John is a mobile home park owner, broker, fee manager as well as turnaround expert for parks for other owners. John’s favorite quote is, “When in trouble, make more money”. Listen in to discover John’s experiences and insights on running a successful mobile home park busin...
EP029: Let's Do the Math: Why You Should Never Build A Mobile Home Park From Scratch
August 11, 2016 15:34 - 49 minutes - 45.6 MBWelcome to episode 29 of the Park Street Partners’ Mobile Home Park Investors podcast, hosted by Jefferson Lilly, as Brad Johnson is off this week. This week, Jefferson dives into three hypothetical scenarios and offers practical math on whether you should build your mobile park home from scratch or purchase a pre-existing mobile home park. And he covers using Berkshire Hathaway's 21st Mortgage CASH program (or equivalent) to infill your mobile home park with mobile homes. Find out more by ...
EP028: To Accept Or Not to Accept Section 8?
July 28, 2016 11:17 - 17 minutes - 16.7 MBWelcome to episode 28 of the Park Street Partners’ Mobile Home Park Investors podcast, hosted by Jefferson Lilly, as Brad Johnson is off this week. This episode is quick but informative. We get a lot of questions, at Park Street Partners, about whether Section 8 is something that people should accept. In a nutshell, the answer is that it varies, based on where your mobile home park is. Listen in to find out if it makes sense for you to accept Section 8. Key Takeaways: [1:13] Jef...
EP027: Interview: Real Estate Investor and Educator, Dyches Boddiford - Part 2
July 07, 2016 14:48 - 17 minutes - 16.1 MBWelcome to episode 27 of the Park Street Partners’ Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson. Dyches Boddiford, real estate investor and educator, shares his wealth of knowledge with Jefferson and Brad in a two part interview. If you missed the first part of the interview, check out episode 26, where Dyches talks about his background, having nearly 4 decades of experience investing in real estate, and how he uses land trusts and personal property trusts t...
EP026: Interview: Real Estate Investor and Educator, Dyches Boddiford – Part 1
June 30, 2016 16:02 - 29 minutes - 27.7 MBWelcome to episode 26 of the Park Street Partners’ Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson. Real estate investor and educator, Dyches Boddiford, shares his wealth of knowledge with Jefferson and Brad in a two part interview. Listen to part one to hear about buying real estate (including mobile home parks), how to protect that real estate by using land trusts and personal property trusts, how to form entities properly, how to protect your assets, and mor...
EP025: How to Hire and Work with Contractors
June 23, 2016 15:19 - 26 minutes - 25.2 MBWelcome to episode 25 of the Park Street Partners’ Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson. In today’s episode, Jefferson and Brad talk about a necessary but not always pleasant topic: how to hire and work with contractors. Whether you have a clean park and just own the land or you own any mobile homes, you’re bound to deal with contractors sooner or later. Listen in to find out how to navigate conflicts that may arise, mitigate losses, get contractors ...
EP024: Interview: MHP Financing Insights with MJ Vukovich - Part 2
June 16, 2016 13:08 - 30 minutes - 28.7 MBWelcome to episode 24 of the Park Street Partners’ Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson. This is the sequel of the interview that began on episode 23 with MJ Vukovich of Bellwether Enterprise. Tune in for the remainder of Jefferson and Brad’s discussion with MJ on various options for financing a mobile home park. Key Takeaways: [1:18] Find out what makes conduit loans so interesting. [2:40] What insurance companies look for in a borrower. ...
EP023: Interview: MHP Financing Insights with MJ Vukovich - Part 1
June 09, 2016 16:44 - 40 minutes - 37.7 MBWelcome to episode 23 of the Park Street Partners’ Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson. This is part 1 of a 2 part series, where Jefferson and Brad are joined by MJ Vukovich of Bellwether Enterprise, which is a nationwide brokerage firm. MJ is out of their Minneapolis office and specializes in financing mobile home parks. Tune in as MJ shares insider tips on how to finance mobile home parks, getting into conduit financing, CMBS, and bank financing. ...
EP022: Things Brokers Say
June 02, 2016 12:34 - 18 minutes - 17.3 MBWelcome to episode 22 of the Park Street Partners’ Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson. Today, Jefferson and Brad share a host of funny and true stories about things they’ve heard brokers say. Obviously, these are things that are generally not true or somewhat misleading, so you should be aware of them. Tune in for a light and fun episode that will also help you get prepared for the sort of things you may hear from real estate brokers sitting across...
EP021: Tales From the Road: MHI 2016
May 26, 2016 14:47 - 25 minutes - 23.8 MBWelcome to episode 21 of the Park Street Partners’ Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson. Today, Jefferson and Brad talk about the Manufactured Housing Institute (MHI), which is the mobile home park industry’s chief nationwide lobbying group. They work to fend off government regulation that's “suppose to help” the industry and try to get some helpful regulations in place. MHI holds the two big annual meetings in the mobile home park industry. Tune in ...
EP020: Interview: Industry Legend Jim Clayton
May 12, 2016 14:20 - 29 minutes - 27.7 MBWelcome to episode 20 of the Park Street Partners’ Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson. Today we have a very special podcast, because not only we have the first interview on the show but also because it’s with industry legend Jim Clayton. The interview was recorded live at the Annual Manufactured Housing Institute Show in Las Vegas last week. Stay tuned to hear what Jim had to say about the future of mobile home park investing, estate planning, ESOP...
EP019: Case Study - Park Street's First Mobile Home Park Investment
May 05, 2016 13:32 - 31 minutes - 29.8 MBWelcome to episode 19 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with Park Street Partners. Today, Jefferson and Brad discuss a case study on a mobile home park that’s near and dear to their hearts. It’s called the Cherrywoods Mobile Home Park and it’s the first deal they bought in their partnership. Key Takeaways: [1:48] The Mobile Home Park Investors podcast has over 3000 downloads per month! [2:40] Check out Cherrywoods.net to see how ...
EP018: Accelerated Depreciation on MHPs, and Reducing Your Income Taxes
April 28, 2016 14:16 - 20 minutes - 19.4 MBWelcome to episode 18 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad follow up on episode 17, which was all about taxes and only briefly touched on depreciation. Today’s episode will focus exclusively on depreciation and will get into details on why mobile home parks are such a great tax strategy to legally shelter income through accelerated depreciation. Key Takeaways: [1:35] It doesn’t ...
EP017: Saving on Your Mobile Home Park Property Taxes
April 21, 2016 18:39 - 23 minutes - 22.3 MBWelcome to episode 17 of the Mobile Home Park Investors podcast hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad discuss taxes and share helpful tips to help you save on your mobile home park property taxes. Listen in for advice on tax depreciation, how not to pay double taxes on your ‘wheel estate property,’ preparing your CPA for the April 15th deadline, miscellaneous business expenses, and more. Key Takeaways: [1:39] Today’s epis...
EP016: How to Market a Mobile Home Park
March 31, 2016 15:00 - 20 minutes - 19.4 MBWelcome to episode 16 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad talk about how to market a mobile home park. This is obviously an important thing to do and they have specific advice and resources to share on today’s episode. Key Takeaways: [1:39] Why is it important to market your mobile home park? [3:18] “The 800-pound gorilla for advertising in our space is Craigslist.” Bra...
EP015: Tales from the Road to Closing
March 24, 2016 16:23 - 28 minutes - 26.3 MBWelcome to episode 15 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad discuss some of their deals that have fallen out of bed for various reasons. These include deals they passed on after having done varying levels of diligence, all the way to the point of having them under a contract. Listen in to learn how not to let your emotions lead you to closing a bad deal. Key Takeaways: [1:12] Wha...
EP014: How to Partner with Park Street Partners and/or 'Bird Dog' for us
March 17, 2016 12:36 - 17 minutes - 16.4 MBWelcome to episode 14 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad will discuss details on how you can partner with them or 'bird dog' for them. Over the last year, many people have reached out to PSP and shown interest in jointly investing and partnering with them. They will talk about some of the partnerships they have done in the past and guide you on what they look for in parks. Their goal ...
EP013: Capital Expenditure (CAPEX) Items and Your Mobile Home Park
March 10, 2016 16:23 - 28 minutes - 26.8 MBWelcome to episode 13 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad will discuss Capital Expenditures (CAPEX), which are generally larger ticket items that you will be paying for with your mobile home park property, at some point or another. Of course, if you do your due diligence up front, you might not need some of these, at least not in the near-term. So today, Jefferson and Brad will talk ab...
EP012: Part 3 - What to Do Over the First 30 Days of Owning Your Mobile Home Park
March 03, 2016 13:56 - 13 minutes - 12.9 MBWelcome to episode 12 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This is part 3 of a 3 part series where Jefferson and Brad discuss what you should do over the first 30 days that you own your park. On this last episode of the 3 part series, Jefferson and Brad will discuss managing the books, the new rules and regulations, why Pitbulls are a ‘vicious’ breed, and more! Key Takeaways: [1:20] After covering PNLs o...
EP011: Part 2 - What to Do Over the First 30 Days of Owning Your Mobile Home Park
February 25, 2016 20:07 - 26 minutes - 24.7 MBWelcome to episode 11 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with Park Street Partners. This is part 2 of 3 episodes where Jefferson and Brad discuss what you should do over the first 30 days that you own your park. Following up on last week’s cliff hanger, today’s episode will cover advice on setting up your park’s website, marketing and advertising, and installing or managing your park’s water meters. Key Takeaways: [1:28] You can e...
EP010: Part 1 - What to Do Over the First 30 Days of Owning Your Mobile Home Park
February 18, 2016 13:45 - 24 minutes - 22.6 MBWelcome to episode 10 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This is part 1 of 3 episodes where Jefferson and Brad will discuss what you should do over the first 30 days that you own your park. That is a very key transition period, which will set the tone for your management style with the manger as well as with the tenants. Hence, it’s a highly critical 30 days to get right. If you invest the time, effort, and a ...
EP009: Closing – Money Goes One Way and Title Goes the Other
February 11, 2016 19:51 - 20 minutes - 19.5 MBWelcome to episode 9 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad are going to talk about closing a deal on a mobile home park. They will detail what sorts of documents and procedure are required in order to have your money go to the seller and have title come from the seller to you. At a high level, that’s what closing is all about, money goes one way and title goes the other. Key Take...
EP008: The Benefits of Seller Carry – aka Seller Financing
February 04, 2016 14:40 - 21 minutes - 20.6 MBWelcome to episode 8 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad will discuss seller carry, also known as seller financing. This is when a seller of a mobile home park carries back the mortgage, which allows the owner of the mobile home park to not have to deal with a bank to get a mortgage and to close a deal more quickly. If you like this podcast, please subscribe to it on iTunes or Stitc...
EP007: Third Party Reports – The Phase 1, The Survey, and The Appraisal
January 28, 2016 13:01 - 19 minutes - 18.7 MBWelcome to episode 7 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad will discuss third party reports. If you have a mobile home park under contract and are looking for any type of debt, this is the time for getting down to brass tacks. Even if you’re paying all cash for a park, 2 of the 3 third party reports are very important no matter what, and the 3rd one is important specifically to a bank. ...
EP006: Persistence Pays – Financing Your Mobile Home Park Investment
January 21, 2016 11:57 - 21 minutes - 20.3 MBWelcome to episode 6 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad will share their insights on finding a loan in order to invest in a mobile home park. You actually need to pay for your mobile home park in order to buy it! Key Takeaways: [1:12] Debt eligibility varies with the size of the park. [5:03] Information required by banks & how to show you are a credit-worthy borrower. [7:2...