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
EP078: Interview: Rick Cheek of Home Depot Renovation Services
3 days ago
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@parkstree
Episodes of This Show
3 days ago