Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
About This Show
The 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.
Most Recent Episode
EP039: Interview: Investing in New Homes and Marketing to Tenants, David Protiva.
Welcome 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 industry. Key Takeaways: [1:50] David explains how these meetups at his house got started. [2:25] How did David get into mobile home parks? [3:50] How did David break the news to his girlfriend at the time, now wife, that he owned a couple of mobile home parks? [5:45] David tries to buy his mobile home parks close to where he’s currently living. [6:30] David recognizes you can not grow quickly with his strategy. He purchases homes about every 3–4 years. [6:50] How does David find his parks? [9:00] What works for David when he’s trying to find mobile home parks in the Greater Atlanta, Georgia area? [11:15] Over the last couple of years, David has only purchased brand new homes. [12:10] How does David find new tenants? What does he do in terms of marketing? [13:15] David has had great success with Mobile Home Village, but he understands not many people do. [15:20] What mistakes has David made over the years? [16:45] David talks on how he sets up the loan structure with his banks. [18:30] David encourages other mobile home park owners to take advantage of seller financing. Mentioned in This Episode: Park Street Partners Mobile Home Park Investors Investment Opportunities Park Street Partner