Shows
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonVIDEO: EP119: Tales from the Road: NCC/MHI Trade Show (National CommunitiesWelcome to Episode 119 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is back after a short podcast hiatus with some interesting updates from the latest trade show he attended. Jefferson recommends you attend the NCC trade show to learn about the latest industry news and to network with others. He’s even gotten a deal out of it himself by attending this event! Key Takeaways: [1:50] Who should go to the NCC trade show? [2:50] What economic trends have been affecting the...
2019-02-0745 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonTales From The Road: NCC/MHI Trade Show (National Communities Council)Welcome to Episode 119 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is back after a short podcast hiatus with some interesting updates from the latest trade show he attended. Jefferson recommends you attend the NCC trade show to learn about the latest industry news and to network with others. He’s even gotten a deal out of it himself by attending this event! Key Takeaways: [1:50] Who should go to the NCC trade show? [2:50] What economic trends have been affecting the...
2019-02-0745 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonSECO 2018 Trade Show RecapWelcome to Episode 114 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is back with another SECO Trade Show Recap. Find out more about some of the interesting things that were featured in this year’s conference and we hope to see you next year! Key Takeaways: [1:00] This week, Jefferson is doing a review of the SECO Conference he just attended last month. [1:50] The conference first started off with a session on social media marketing that was very interesting and fil...
2018-11-2235 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonSECO 2018 Trade Show RecapWelcome to Episode 114 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is back with another SECO Trade Show Recap. Find out more about some of the interesting things that were featured in this year’s conference and we hope to see you next year! Key Takeaways: [1:00] This week, Jefferson is doing a review of the SECO Conference he just attended last month. [1:50] The conference first started off with a session on social media marketing that was very interesting and fil...
2018-11-2235 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonBook Report: Am I Being Too Subtle? by Sam Zell (Part 3 of 3)Welcome to Episode 111 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In this last and final installment, Jefferson wraps up his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series. Key Takeaways: [1:05] Sam noticed that yo...
2018-09-2727 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonBook Report: Am I Being Too Subtle? by Sam Zell (Part 3 of 3)Welcome to Episode 111 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In this last and final installment, Jefferson wraps up his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series. Key Takeaways: [1:05] Sam not...
2018-09-2727 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonBook Report: Am I Being Too Subtle? by Sam Zell (Part 2 of 3)Welcome to Episode 110 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In part 2, Jefferson continues his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series. Key Takeaways: [1:40] Sam recognized there was an unfilled dem...
2018-09-2032 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonBook Report: 'Am I Being Too Subtle?' By Sam Zell (Part 2 of 3)Welcome to Episode 110 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In part 2, Jefferson continues his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series. Key Takeaways: [1:40] Sam recognized there was an unfilled dem...
2018-09-2032 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonBook Report: Am I Being Too Subtle? by Sam Zell (Part 1 of 3)Welcome to Episode 109 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In a first ever for this podcast, Jefferson does a book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read his book for Sam’s real estate and mobile home knowledge and shares what he has learned in a 3-part series. Key Takeaways: [2:40] Jefferson sha...
2018-09-1332 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonBook Report: Am I Being Too Subtle? by Sam Zell (Part 1 of 3)Welcome to Episode 108 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In a first ever for this podcast, Jefferson does a book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read his book for Sam’s real estate and mobile home knowledge and shares what he has learned in a 3-part series. Key Takeaways: [2:40] Jefferson sha...
2018-09-1332 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview Andrew Keel Tells Us How He Got In The Manufactured Housing BusinessWelcome to Episode 108 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson invites Andrew Keel to share his story as a new park owner. Andrew discusses how he found his first mobile home, the resources he uses to find new tenants and the nitty-gritty details that go into owning and managing a park! Key Takeaways: [2:05] What did Andrew do prior to mobile home parks? [5:45] Andrew explains how he found his first mobile home park. [6:55] What kind of relationship d...
2018-09-0633 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview Andrew Keel Tells Us How He Got In The Manufactured Housing BusinessWelcome to Episode 108 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson invites Andrew Keel to share his story as a new park owner. Andrew discusses how he found his first mobile home, the resources he uses to find new tenants and the nitty-gritty details that go into owning and managing a park! Key Takeaways: [2:05] What did Andrew do prior to mobile home parks? [5:45] Andrew explains how he found his first mobile home park. [6:55] What kind of relationship d...
2018-09-0633 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview Patrick McKenna Has Taken The Plunge And Bought Two Mobile Home Parks (2 of 2)Welcome to Episode 106 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Patrick McKenna joins Jefferson on today’s show to share his journey into mobile home park ownership. He shares mistakes and lessons learned from buying his second park, the quality of RV tenants, and his plans to acquire a third park! Key Takeaways: [1:15] Patrick originally had some issues with brokers behaving unprofessionally. How did he handle that? [3:15] How did Patrick find his second park? [6:50] What was occupancy like when Pa...
2018-06-2827 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview Patrick McKenna Has Taken The Plunge And Bought Two Mobile Home Parks (1 of 2)Welcome to Episode 106 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Patrick McKenna joins Jefferson on today’s show to share his journey into mobile home park ownership. He discusses how he did his due diligence on his first park and why he and his business partner are a great business match. This is a two-part episode, so be sure to check back next week to find out more about Patrick’s second mobile home park! Key Takeaways: [2:30] What did Patrick do befor...
2018-06-2130 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview Brad Huffines, VP Risk Communication, HazardCall (Weathercall Services)Welcome to Episode 105 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad Huffines is the Chief Meteorologist and VP of Risk Communication for Weathercall Services. Brad discusses the benefits of using Weathercall's product, HazardCall, and how it can inform hundreds of tenants if they're in danger within a couple of seconds. Key Takeaways: [2:50] What did Brad did prior to joining HazardCall? [5:10] What is HazardCall about and why was it Founded? [8:00] Did you know there hasn't been a mobile h...
2018-06-1439 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonBeware The Easy-To-Fill Mobile Home ParkWelcome to Episode 101 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. On today’s podcast, Jefferson shares his first-hand experience at buying an ‘easy-to-fill’ mobile home park. It was his second mobile home park that he had bought and he ended up walking away with a lot of wise experience from that purchase. Key Takeaways: [1:20] Jefferson shares a story of what happened in the due diligence process when he bought his second mobile home park. [1:45] How do you fill your park with new te...
2018-05-1712 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonBeware The Easy-To-Fill Mobile Home ParkWelcome to Episode 101 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. On today’s podcast, Jefferson shares his first-hand experience at buying an ‘easy-to-fill’ mobile home park. It was his second mobile home park that he had bought and he ended up walking away with a lot of wise experience from that purchase. Key Takeaways: [1:20] Jefferson shares a story of what happened in the due diligence process when he bought his second mobile home park. [1:45] How do you fill your park with new te...
2018-05-1712 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonGuide To Our First 100 PodcastsWelcome to Episode 100 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is celebrating the big 100th episode by giving you a quick and helpful guide to the last 99 episodes. He lists some of his top favorite/most useful podcasts for someone who might be in the beginning stages of buying a park all the way to someone getting ready to sell their park. Key Takeaways: [1:30] Thank you for listening! This is episode 100! Let’s do a quick recap of the past 0-99...
2018-05-1017 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonGuide To Our First 100 PodcastsWelcome to Episode 100 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson is celebrating the big 100th episode by giving you a quick and helpful guide to the last 99 episodes. He lists some of his top favorite/most useful podcasts for someone who might be in the beginning stages of buying a park all the way to someone getting ready to sell their park. Key Takeaways: [1:30] Thank you for listening! This is episode 100! Let’s do a quick recap of the past 0-99...
2018-05-1017 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview: Mike Johnson, MHP Owner and Early Retirement ExpertWelcome to Episode 95 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today’s guest is Mike Johnson. He is a mobile home park owner and early retirement expert. Mike knew that if he wanted to retire early, he needed a passive income. He got creative with how he structured his deals and now owns three parks. Find out more about Mike and his story on this week’s podcast! Key Takeaways: [2:45] Who is Mike and what did he do before owning his mobil...
2018-03-1530 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview: Mike Johnson, MHP Owner and Early Retirement ExpertWelcome to Episode 95 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today’s guest is Mike Johnson. He is a mobile home park owner and early retirement expert. Mike knew that if he wanted to retire early, he needed a passive income. He got creative with how he structured his deals and now owns three parks. Find out more about Mike and his story on this week’s podcast! Key Takeaways: [2:45] Who is Mike and what did he do before owning his mobil...
2018-03-1530 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview: Brandon Turner (BiggerPockets co-founder) and Ryan Murdock, First-Time MHP BuyersWelcome to Episode 93 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down with Brandon Turner and Ryan Murdock. They’re both experienced real estate investors, but they recently purchased their first mobile home park in Maine. Brandon and Ryan give details on what their business partnership looks like, their due diligence process, and also share some of the challenges they had to face while owning and renovating this ‘new’ park. Key Takeaways: [3:00] How did Brandon and Ryan first meet? [5:10...
2018-03-0145 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview: Brandon Turner (BiggerPockets co-founder) and Ryan Murdock, First-Time MHP BuyersWelcome to Episode 93 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down with Brandon Turner and Ryan Murdock. They’re both experienced real estate investors, but they recently purchased their first mobile home park in Maine. Brandon and Ryan give details on what their business partnership looks like, their due diligence process, and also share some of the challenges they had to face while owning and renovating this ‘new’ park. Key Takeaways: [3:00] How did Brandon and Ryan first meet? [5:10] How did Br...
2018-03-0145 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview: Jill Denlea, First-Time MHP BuyerWelcome to Episode 92 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down with Jill Denlea, who is in the process of buying her first mobile home park. On the show, she discusses her experiences and what kind of lessons she’s learned so far about buying her first mobile home park! Key Takeaways: [2:30] Who is Jill and what is her background? [8:15] Jill recently got into mobile home parks. How did Jill find her first park and how big is...
2018-02-2234 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview: Jill Denlea, First-Time MHP BuyerWelcome to Episode 92 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down with Jill Denlea, who is in the process of buying her first mobile home park. On the show, she discusses her experiences and what kind of lessons she’s learned so far about buying her first mobile home park! Key Takeaways: [2:30] Who is Jill and what is her background? [8:15] Jill recently got into mobile home parks. How did Jill find her first park and how big is...
2018-02-2234 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP091: TEXCO18 Trade Show RecapWelcome to Episode 90 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson attended for the very first time TEXCO18, which is their 2nd annual event. On the show, Jefferson does a quick highlight of the two-day event and some of the interesting things he learned while there. Key Takeaways: [1:35] Jefferson highly recommends going to trade shows. [2:15] This is the second year the TEXCO conference has been running, but this was the first time Jefferson attended. [3:35] The guys over at Sunstone...
2018-02-1528 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview: Daniel Din Of Freddie Mac Explains How To Borrow From The GovernmentWelcome to Episode 90 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down with Daniel Din in San Francisco to discuss what park owners need to know about Freddie Mac’s lending opportunities. Daniel is the perfect guest for this week’s show because he has been with Freddie Mac since 2007 and oversaw the development of the manufactured housing lending department in 2014. Key Takeaways: [2:00] What’s Daniel’s background and what did he do before he joined Freddie Mac? [2:45] Daniel sh...
2018-01-2548 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview: Daniel Din Of Freddie Mac Explains How To Borrow From The GovernmentWelcome to Episode 90 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down with Daniel Din in San Francisco to discuss what park owners need to know about Freddie Mac’s lending opportunities. Daniel is the perfect guest for this week’s show because he has been with Freddie Mac since 2007 and oversaw the development of the manufactured housing lending department in 2014. Key Takeaways: [2:00] What’s Daniel’s background and what did he do before he joined Freddie Mac? [2:45] Daniel sh...
2018-01-2548 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview: Duke University Professor Charles Becker and Brenda Garcia-Lemus Talk Mobile Home Park Rents And MoreWelcome to Episode 89 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. On this week’s show, Jefferson welcomes Charles Becker and Brenda Garcia-Lemus from Duke University. They have both done extensive research and have collected data on manufactured housing rents and home values. They dive in and discuss what their data can tell us about both the west and east coast markets and give us valuable insights on how we can plan for the future. Key Takeaways: [1:30] Charles has appeared on the show before, so...
2018-01-0441 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview: Duke University Professor Charles Becker and Brenda Garcia-Lemus Talk Mobile Home Park Rents And MoreWelcome to Episode 89 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. On this week’s show, Jefferson welcomes Charles Becker and Brenda Garcia-Lemus from Duke University. They have both done extensive research and have collected data on manufactured housing rents and home values. They dive in and discuss what their data can tell us about both the west and east coast markets and give us valuable insights on how we can plan for the future. Key Takeaways: [1:30] Charles has appeared on the show before, so...
2018-01-0441 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview: Ralf Gomm, Mobile Home Park Owner (2 of 2)Buying the first mobile home is the easy part, it’s getting the second one that gets a bit tricky! Welcome to Episode 88 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 interview with Ralf Gomm. Ralf discusses how he markets his parks, manages his parks remotely, and how he builds a good rapport with his tenants. Find out more about Ralf’s mobile home park journey on this week’s show! Key Takeaways: [1:15...
2017-12-1434 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonInterview: Ralf Gomm, Mobile Home Park Owner (1 of 2)Welcome to Episode 87 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson interviews Ralf Gomm, who has been a mobile home park owner for the last 4 years. Ralf currently has 100 pads right now. Ralf really likes mobile homes because he’s able to passively invest in property while he is working a full-time job. However, Ralf does see himself leaving his job when he eventually obtains more pads! Find out about Ralf’s journey and how he got started buying his first park on this week’s episode, and al...
2017-12-0731 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP083: NCC 2017 Trade Show RecapWelcome to Episode 83 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson sits down to do a quick recap of the 2017 National Communities Council that he attended in Chicago. It’s a great place to get industry-related news as well as to network! Key Takeaways: [1:35] Around 400-500 attendees showed up at this years NCC trade show. [3:00] Hopefully we will see less regulation in the next couple of years. [5:15] Jefferson attended a seminar about using technology tools (ManageAmerica) to better...
2017-11-1120 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonVideo: EP081: Rich Rice, General Manager of Adventure Homes, Talks Mobile Home ManufacturingWelcome to Episode 81 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This week, Jefferson interviews Rich Rice, the CEO of Adventure Homes. Rich discusses their custom building process, what’s different about their homes today vs. four years ago, and how a mobile home owner can work with Rich! Key Takeaways: [2:15] What did Rich do before he joined the mobile home manufacturing industry? [5:15] In 2017, Adventure Homes should exceed $47 million in total sales with close to an 8% net profit. [6:45] Wha...
2017-11-0237 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP081: Rich Rice, General Manager of Adventure Homes, Talks Mobile Home ManufacturingWelcome to Episode 81 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This week, Jefferson interviews Rich Rice, the CEO of Adventure Homes. Rich discusses their custom building process, what’s different about their homes today vs. four years ago, and how a mobile home owner can work with Rich! Key Takeaways: [2:15] What did Rich do before he joined the mobile home manufacturing industry? [5:15] In 2017, Adventure Homes should exceed $47 million in total sales with close to an 8% net profit. [6:45] Wha...
2017-11-0237 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonVIDEO: EP080: MHP 2.0 - Taking Your Investing To The Next Level (2 of 2)Welcome to Episode 80 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This is a part 2 of a 2-part interview, so if you missed the first episode, be sure to listen to that one first! Jefferson showcases the talk he did at the SECO conference and continues his discussion about how he structures his accounting for his business and more! Key Takeaways: [1:25] Jefferson discusses why he likes to use Rent Manager. [5:35] Jefferson has been using Dropbox as well to keep track o...
2017-10-2727 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP080: MHP 2.0 - Taking Your Investing To The Next Level (2 of 2)Welcome to Episode 80 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This is a part 2 of a 2-part interview, so if you missed the first episode, be sure to listen to that one first! Jefferson showcases the talk he did at the SECO conference and continues his discussion about how he structures his accounting for his business and more! Key Takeaways: [1:25] Jefferson discusses why he likes to use Rent Manager. [5:35] Jefferson has been using Dropbox as well to keep track o...
2017-10-2727 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonVIDEO: EP079: MHP 2.0 - Taking Your Investing To The Next Level (1 of 2)Welcome to Episode 79 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. On today’s show, Jefferson plays the talk he did at the SECO conference about how you can take your mobile home investing to the next level and scale up! This is a part 1 of a two-part interview, so keep your eyes peeled for the second recording coming out soon! Key Takeaways: [7:25] Jefferson will discuss today how he’s grown from being a sole proprietorship to running an organization that runs parks...
2017-10-2628 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP079: MHP 2.0 - Taking Your Investing To The Next Level (1 of 2)Welcome to Episode 79 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. On today’s show, Jefferson plays the talk he did at the SECO conference about how you can take your mobile home investing to the next level and scale up! This is a part 1 of a two-part interview, so keep your eyes peeled for the second recording coming out soon! Key Takeaways: [7:25] Jefferson will discuss today how he’s grown from being a sole proprietorship to running an organization that runs parks...
2017-10-2628 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP077: SECO 2017 Trade Show RecapWelcome to Episode 77 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson recently attended the Southeastern Community Owners Trade Show, which is a smaller version of the NCC Show. There were only about 300 people who attended this year, which makes it a great place to meet fellow homeowners and industry professionals. Jefferson does a recap of some of the key takeaways he’s learned while he attended the conference. Key Takeaways: [:50] Just a quick update on the SECO conference. [1:25] SECO was...
2017-10-1820 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP071: Interview: Drew Babin, Equities Analyst at Robert W. Baird & Co., Talks Equity Lifestyle Properties and Sun CommunitiesWelcome to Episode 71 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Drew Babin is an equities analyst for Robert W. Baird & Co. Today’s show primarily focuses on Equity Lifestyle Properties and Sun Communities and how these two companies are performing in the marketing from a Wall Street perspective. Jefferson, Brad, and Drew discuss same-store sales, how Wall Street views certain revenue streams differently, and more! Key Takeaways: [3:35] How did Drew first get started in this industry? [5:10] How does a com...
2017-09-0754 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP066: Interview: Craig Procter of Starker 1031 Exchange Services, Part 1Welcome to Episode 66 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, we’re going to learn how to pay no taxes! Craig Procter of Starker 1031 Exchange Services explains to Jefferson and Brad how you can structure things (legally) on your real estate and save some money. Keep in mind that this interview is part one of a two-part episode. Tune in next week to hear more from your hosts and Craig! Key Takeaways: [2:45] Who is Craig and how did he get sta...
2017-08-0332 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP065: Interview: Gerry DiMarco of Security Mortgage GroupWelcome to Episode 65 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. As Brad is off this week, Jefferson interviews Gerry DiMarco from Security Mortgage Group. Gerry’s company is a full-service mortgage brokerage firm that specializes specifically in financing mobile home communities. On this week’s show, Gerry goes into depth on what kind of debt you can take out on your mobile home park, and how he helps ease the process between banker and lender. Key Takeaways: [1:15] Who is Gerry and how d...
2017-07-2731 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP064: Interview: Matt Cohen of Gama Sonic Solar LightingWelcome to Episode 64 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. As Brad is off this week, Jefferson interviews Matt Cohen from Gama Sonic Solar Lighting, based out of Atlanta. On today’s show, Matt discusses the benefits of using solar lights vs. traditional lights in your mobile home park. Aside from the obvious reduction in your electricity bill, solar lights also require less maintenance. Key Takeaways: [1:55] Who is Matt and what does he do for Gama Sonic Solar Lighting? [4:25] How...
2017-07-2026 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP063: Interview: Justin Powell of Streamline Automation SystemsWelcome to Episode 63 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. As Brad is off this week, Jefferson interviews Justin Powell of Streamline Automation Systems. Justin discusses the benefits of using technology and helpful products that make your property maintenance duties go by so much faster. Key Takeaways: [2:40] How did Justin first get started with Streamline Automation Systems? [5:55] What kinds of products does Streamline Automation Systems have, and how does he help park owners? [9:55] The product only runs o...
2017-07-1329 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP061: Interview: Erik Hanson, MAI On How Mobile Home Parks Are Appraised, Part 1Welcome to Episode 61 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Brad is off this week, which leaves just Jefferson as today’s host. How do mobile home park owners increase the value of their property? That’s exactly the topic that Eric Hanson, MAI will be discussing on today’s show. Erik is the Executive Vice President of Midwest Appraisal Group, and works specifically in appraising the mobile home park industry. Listen in as Erik has some advice for all you park owners out there on how to ret...
2017-06-2924 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP058: Interview: Donald Westphal on Designing and Developing Mobile Home Parks, Part 2Welcome to Episode 58 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 interview with Donald Westphal. Jefferson, Brad, and Donald discuss how older mobile home parks change overtime as the city grows bigger, creating a good image for mobile home parks, and what it takes to make a community as a whole look good. Key Takeaways: [3:15] What kind of land makes it difficult to build a mobile home park? [6:15] As the city get...
2017-06-0826 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP056: Tales From the Road: Hiring A Manager For Our Newest ParkWelcome to Episode 56 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. As Brad is off this week, Jefferson offers a case study on his recent park manager hire. This is a complementary show to Episode 45: How to Hire the Right Manager, which you can listen to on iTunes. Jefferson discusses the ins and outs of how he found his most recent manager for his new park. Key Takeaways: [1:30] Jefferson and Brad recently made an acquisition in Florida. The park came with the m...
2017-05-2525 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP055: Interview: Andy Margolis, Mortgage Broker with Draper & KramerWelcome to Episode 55 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. What do mortgage bankers bring to the table? Well, in this episode, Jefferson and Brad bring on Andy Margolis, a mortgage broker from Draper & Kramer. Andy explains in detail what a mortgage broker can do for you when it’s time to borrow money. Key Takeaways: [3:10] How did Andy become a mortgage broker? [5:00] Why should somebody use a mortgage banker? [9:15] Andy highlights an example of how he sav...
2017-05-1939 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP054: Tales From the Road: MHI 2017Welcome 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? [6:15] Jefferson would like to have several of the...
2017-05-1119 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP053: Interview: Paul Bradley, When Tenants Buy Their Mobile Home Park (2 of 2)Welcome 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 bank loan, how many tenants are in ch...
2017-04-2026 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP051: Everything You Always Wanted To Know About Pipe Bursting, But Were Afraid To AskWelcome 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 Strategist Eli Nir on the call! Key Takeaways: [2:20] Ward’s grandfather was an...
2017-04-0635 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP050: Interview: Mike Renz talks environmental liability, Phase 1s, and MHPsWelcome 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 takes long motorcycle rides just to go look at rocks. [2:45] How d...
2017-03-1638 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP049: Jefferson Reflects On 10 Years In The BusinessWelcome 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 years. He thought that after he spent a year in this business, he was...
2017-03-0923 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP048: Quick Tip: How to Save on Your Electric BillWelcome 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 took Jefferson nearly 10 years to figure ou...
2017-03-0211 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP047: 'In The Weeds' With CMBS Financing (2 of 2)Welcome 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/requirements? [9:55] Brad has never seen a survey done for...
2017-02-2331 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP046: 'In The Weeds' With CMBS Financing (1 of 2)Welcome 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 your mobile home park’s purchase price is just above $2 million, that’s...
2017-02-1627 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP045: How to Hire the Right ManagerWelcome 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 dives into how he finds good talent. [7:15] Des...
2017-02-0921 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP044: 2016 - The Year In ReviewWelcome 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 and are getting ready to close on their second deal for t...
2017-02-0235 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP043: Case Study: Fort Worth Mobile Home Park for Sale (part 2 of 2)Welcome 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. [3:05] Jefferson is now looking up on Google Earth where t...
2016-12-2929 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP042: Case Study: Fort Worth Mobile Home Park for Sale (part 1 of 2)Welcome 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 get involved with mobile home parks? [7:10] How did Robert f...
2016-12-2228 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP041: Park Street Partners: Update On Fund 2Welcome 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] The first mobile home park property is located in Hills...
2016-12-1525 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP040: How to Know In 30 Seconds If You Should Buy A Mobile Home ParkWelcome 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 start separating wheat from chaff. ...
2016-12-0809 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP039: Interview: David Protiva Talks Mobile Home Parks, Mistakes, And AdviceWelcome 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...
2016-11-2421 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP038: Tales From The Road: A Typical Diligence TripWelcome 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 made it a point to see the property while the sun was sti...
2016-11-1712 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP037: Tales From The Road: The Manufactured Housing Institute's National Communities Council Meeting in Chicago, ILWelcome 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 MHI meeting in Chicago. [1:35] This event is rea...
2016-11-1016 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP036: Tales From The Road: The SECO Conference in Atlanta, GAWelcome 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 become a mobile home park owner, please be sure to check out the details for next yea...
2016-11-0320 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP033: Interview: Mobile Home Park Insurance - Better Safe Than Sorry with Kurt Kelley from Mobile InsuranceWelcome 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 rather than sorry! [2:30] What park owners need to know about animal management for mob...
2016-09-2928 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP032: How to Find, Buy, and Move a Mobile Home into Your Mobile Home ParkWelcome 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 find out about diligence and what you need to kno...
2016-09-2224 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP031: Using Technology to Manage Your Mobile Home ParkWelcome 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: [1:36] Apple MacBook and iPhone — The only technology that Jefferson and...
2016-09-1532 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP030: Interview: John Hurd, Mobile Home Park Owner and Property ManagerWelcome 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 business. Key Takeaways: [1:40] How did John get into the business...
2016-09-0134 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP029: Let's Do the Math: Why You Should Never Build A Mobile Home Park From ScratchWelcome 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 listening to Jefferson's detailed analysis. Key Takeaways: [1:10] Today's topic is about why you should never...
2016-08-1149 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP028: To Accept Or Not to Accept Section 8?Welcome 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] Jefferson has been accepting Section 8 vouchers for ~ 7 years, in Oklahoma, and it’s w...
2016-07-2817 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP027: Interview: Real Estate Investor and Educator, Dyches Boddiford - Part 2Welcome 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 to protect his assets. Today, in the second part of the interview, you’ll hear more about how Dyches uses tax-advantaged acco...
2016-07-0717 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP026: Interview: Real Estate Investor and Educator, Dyches Boddiford – Part 1Welcome 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 more. Make sure to listen to the second part of the interview next week, to discover ways to own re...
2016-06-3029 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP025: How to Hire and Work with ContractorsWelcome 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 to perform, manage their expectations, and to deliver on time/on budget.
2016-06-2326 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP024: Interview: MHP Financing Insights with MJ Vukovich - Part 2Welcome 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. [5:07] The kind of insurance companies MJ is referring to include, All State, Nationw...
2016-06-1630 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP023: Interview: MHP Financing Insights with MJ Vukovich - Part 1Welcome 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. Key Takeaways: [0:51] Quick shout out to the show’s listeners for helping us rea...
2016-06-0940 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP022: Things Brokers SayWelcome 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 the table from you. Key Takeaways: [1:32] Caveat...
2016-06-0218 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP021: Tales From the Road: MHI 2016Welcome 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 to hear the highlights of the MHI meeting in Las Vegas and learn more insider tips on doing business in the mobile h...
2016-05-2625 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP020: Interview: Industry Legend Jim ClaytonWelcome 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, the competitive advantage offered by Clayton Bank and Trust, the future of manufactured housing, and e...
2016-05-1229 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP019: Case Study - Park Street's First Mobile Home Park InvestmentWelcome 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 the Park Street Partners set up their websites. [2:57] Jeffers...
2016-05-0531 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP018: Accelerated Depreciation on MHPs, and Reducing Your Income TaxesWelcome 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 really matter how much you make, it matters how much you keep. [2:41] “Mobile home parks a...
2016-04-2820 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP017: Saving on Your Mobile Home Park Property TaxesWelcome 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 episode will cover depreciation briefly. Check out episode 18 for a more in depth discussion on tax dep...
2016-04-2123 min
Mobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP016: How to Market a Mobile Home ParkWelcome 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.” Brad outlines the pros & cons of advertising on Craigslist. [6:24] Where do the Park S...
2016-03-3120 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP015: Tales from the Road to ClosingWelcome 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] What not to do when closing a deal? Don’t l...
2016-03-2428 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP014: How to Partner with Park Street Partners and/or 'Bird Dog' for usWelcome 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 is to help you be more efficient in your search, also t...
2016-03-1717 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP013: Capital Expenditure (CAPEX) Items and Your Mobile Home ParkWelcome 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 about some of the large ticket items they have had to spend relatively larger dollars...
2016-03-1028 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP012: Part 3 - What to Do Over the First 30 Days of Owning Your Mobile Home ParkWelcome 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 on episode 11, the discussion moves onto the books. [2:40] Jefferson managed his b...
2016-03-0313 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP011: Part 2 - What to Do Over the First 30 Days of Owning Your Mobile Home ParkWelcome 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 easily set up your property’s website using Square Space or Wix. [3:44...
2016-02-2526 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP010: Part 1 - What to Do Over the First 30 Days of Owning Your Mobile Home ParkWelcome 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 little bit of money in getting your first 30 days done co...
2016-02-1824 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP009: Closing – Money Goes One Way and Title Goes the OtherWelcome 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 Takeaways: [2:14] The 1st step...
2016-02-1120 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP008: The Benefits of Seller Carry – aka Seller FinancingWelcome 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 Stitcher and rate us highly.
2016-02-0421 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP007: Third Party Reports – The Phase 1, The Survey, and The AppraisalWelcome 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. Key Takeaways: [1:23] 1st third part...
2016-01-2819 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP006: Persistence Pays – Financing Your Mobile Home Park InvestmentWelcome 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. [7:21] What can you expect on your first loan?
2016-01-2121 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP004: Initial Off-Site Diligence on Mobile Home ParksOn part 1 of this two episode podcast, Jefferson Lilly and his partner Brad Johnson, with the Park Street Partners, will provide resources and advice on doing off-site diligence before deciding to buy a mobile home park. This is the part when you first get a deal and are beginning to decide if you want to pursue it, which can be a scary moment. Jefferson and Brad will outline how you can do a fair amount of diligence by doing desktop research and making phone calls. Part 2 (episode #5) will cover on-site diligence, which is done after you’ve got your pr...
2016-01-0745 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP003: Demographic trends - stable and growing need for affordable housingOn this podcast, Jefferson Lilly and his partner Brad Johnson will focus on answering the question, why someone would want to own a mobile home park now? In particular, they are going to talk about the demographics of their tenant base, the need for affordable housing they are trying to fill and helping others to do the same – who might be listening to this podcast and thinking about getting into the mobile home park business! Key Takeaways: [1:27] Baby boomers are coming into retirement and they need affordable housing! [3:43] Our average price poi...
2015-12-3116 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP002: How To Find a Mobile Home Park to PurchaseThis is the second podcast, hosted by Jefferson Lilly, joined by his partner Brad Johnson. Last week, Jefferson and Brad talked about why mobile home parks are such a good business to be in. But unless you are really looking, you're not likely to just come across one of these properties. On this episode, Jefferson and Brad talk a bit on how you can find a mobile home park to purchase. They will also share their experiences of how they have looked in some unique and unusual places. Key Takeaways: [1:25] Jefferson found his first mobile...
2015-12-2424 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP001: Why the Mobile Home Park Industry Is A Compelling BusinessWelcome to the first official podcast, hosted by Jefferson Lilly, joined by his partner Brad Johnson. Today they will talk about why it is such a compelling business to be in the mobile home park industry – as they call it, the 'macro'. In subsequent podcasts, they will talk about how they actually operate parks by providing specific 'micro' examples. The purpose of this podcast is to cover why someone should consider investing in something as crazy as mobile home parks? Key Takeaways: [01:33] Investing in real estate – mobile home parks [02:29] A key facto...
2015-12-2121 minMobile Home Park Investors with Jefferson Lilly & Brad JohnsonEP000: Introduction: World's First Podcast Dedicated to Mobile Home Park Investing, And Why You Should CareJefferson Lilly and his partner Brad Johnson, from Park Street Partners, are launching the first podcast dedicated to mobile home park investing. Each week, they will cover a range of topics relating to mobile home park investing, including the right way to buy, operate and profit from this highly profitable investment niche. Jefferson and Brad hope to help people get into this business, purchase properties, run them better, and achieve some financial stability. They are also an investment partnership and are interested in joint venture deals with folks that either don't have the expertise or all the...
2015-12-1806 min