262: $600,000 in Gross Rents from Mobile Home Parks with Jefferson Lilly
BiggerPockets Real Estate Podcast
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Scaling Up a Mobile Home Park Business
The chapter explores the evolution of a mobile home park business from a hands-on operation to a scaled-up enterprise, emphasizing the importance of hiring key personnel like a controller and asset manager. It discusses the operational aspects of managing properties, including the recruitment of staff for sales and marketing across diverse locations. The conversation also covers topics like park managers' compensation, lawn care responsibilities, road maintenance costs, flood zones impact, and strategies for risk mitigation through owning multiple properties or investing in mobile home park funds.
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Transcript
