Interview with Jeff Flynn of Aspen Ridge Capital

Listen on Apple Podcast here: https://podcasts.apple.com/us/podcast/interview-with-jeff-flynn-of-aspen-ridge-capital/id1520681893?i=1000678306133

SHOW NOTES

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew Keel sits down with Jeff Flynn, a Navy veteran and founder of Aspen Ridge Capital, to discuss his remarkable transition from military service to mobile home park investing.

Jeff Flynn’s journey began during his final year in the Navy, when he worked as a mobile home park broker. Just three days after leaving the military, he fully immersed himself into his first mobile home park acquisition. In a short span, Jeff Flynn scaled his portfolio to eight mobile home parks and continues to focus on expanding his business.

Join Andrew Keel and Jeff Flynn as they explore the strategies that drive successful mobile home park investments. Topics include:

  • Transitioning to MHP Investing: How Jeff Flynn moved from the military to owning mobile home parks within days of completing his service.
  • Portfolio Growth and Syndication: Insights into scaling to eight parks and leveraging syndication effectively.
  • Strategies for Raising Rents: Proven methods for increasing rents while maintaining resident satisfaction.
  • Remote Management Success: How to manage mobile home parks from a distance using virtual assistants and on-site teams.
  • Scaling Challenges: The risks of growing too quickly and strategies to avoid common pitfalls.
  • AI Integration: How artificial intelligence has helped Jeff streamline operations and improve efficiency.
  • Networking and Learning by Osmosis: Gaining valuable knowledge through conversations and investor connections.
  • Creative Yet Disciplined Buying Criteria: Balancing flexibility and structure when targeting parks.
  • Value-Add Opportunities in Smaller Trailer Parks: Why Jeff Flynn focuses on small- to mid-sized mobile home parks and works closely with mom-and-pop owners.
  • Exit Strategies: Crafting a clear plan for long-term success in MHP investing.
  • Septic Systems vs. City Sewer: Weighing the pros and cons of each system for mobile home parks.
  • Infill Hacks and Niche Strategies: Tips for optimizing mobile home park occupancy and adding value.

This episode is packed with actionable insights for anyone interested in mobile home park investing, uncovering value-add opportunities, or scaling quickly and effectively in this niche market.

Listen now and start your journey toward passive MHP investing success!

***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This interview is for informational purposes only and should not be depended upon for investment purposes. ***

Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.

Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews:  https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy, Andrew’s team usually moves on location during the first several months of ownership. Find out more about Andrew’s story at AndrewKeel.com.

Book a 1 on 1 consultation with Andrew Keel to discuss:

  • A mobile home park deal review (get live feedback on your own MHP deal!)
  • Mobile home park due diligence questions
  • How to raise capital from investors for mobile home parks
  • Mistakes to avoid in mobile home park investing, and more!

Click Here to book the 1 on 1 consultation: https://intro.co/AndrewKeel

Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, and it would mean the absolute world to me if you could help contribute to that. Thanks ahead of time for making my day with your review of the show.

Would you like to see value-add mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.

Talking Points:

00:21 – Introduction to The Passive Mobile Home Park Investing Podcast

01:00 – Jeff Flynn’s inspiring journey: From serving in the military to investing in mobile home parks

06:30 – Building a strong mobile home park portfolio: Jeff Flynn’s experience with syndication and scaling his investments

13:20 – Proven strategies for raising rents effectively in mobile home parks

17:00 – Remote management success: Utilizing virtual assistants and on-site teams to streamline operations

19:45 – The risks of scaling too quickly and how to avoid common pitfalls in mobile home park investing

21:30 – Leveraging artificial intelligence (AI) to optimize mobile home park systems and processes

26:00 – The power of networking: Gaining valuable insights from mobile home park investor conversations and learning through experience

29:18 – Striking the balance: Creativity and discipline in mobile home park buying criteria

30:50 – Unlocking value-add opportunities: Targeting smaller to mid-sized mobile home parks and building relationships with mom-and-pop owners

42:20 – Crafting a solid exit strategy: Why planning your endgame is crucial in mobile home park investing

45:00 – Septic systems vs. city sewer: Weighing the pros and cons for mobile home parks

47:07 – Creative infill strategies and niche tips for optimizing mobile home park occupancy

53:00 – How to connect with Jeff Flynn 53:30 – Closing thoughts and takeaways

SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ

Links & Mentions from This Episode:

Jeff Flynn on LinkedIn: https://www.linkedin.com/in/jeffaflynn

Aspen Ridge Equity: https://www.aspenridge.info/

Keel Team’s official website: https://www.keelteam.com/ 

Andrew Keel’s official website: https://www.andrewkeel.com/  

Andrew Keel’s LinkedIn: https://www.linkedin.com/in/andrewkeel 

Andrew Keel’s Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast

Andrew Keel’s Instagram page: https://www.instagram.com/passivemhpinvesting/

Twitter: @MHPinvestors


TRANSCRIPT

Picture of Andrew Keel

Andrew Keel

Andrew is a passionate commercial real estate investor, husband, father and fitness fanatic. His specialty is in acquiring and operating manufactured housing communities. Visit AndrewKeel.com for more details on Andrew's story.

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