Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel.
In this episode, Andrew Keel sits down with Leo Young, co-founder of Cornell Communities, to discuss his journey from working at Tesla to building a successful career in mobile home park investing.

Leo shares what drew him to the mobile home park investment thesis, how he built an efficient operations team to scale his trailer park portfolio, and the key lessons he has learned from both wins and mistakes. Listeners will hear real-world insights on raising capital, managing park-owned mobile homes, navigating rent control and regulatory changes, and what it really takes to create passive income through mobile home park investments.

With experience on a $4.5 billion private equity acquisition team and over $50 million in real estate transactions, Leo brings a unique perspective combining operational expertise, strategic investing, and hands-on management to the mobile home park investing asset class.

Topics covered in this episode:

• Leo Young’s journey from Tesla to mobile home park investing
  
• What first attracted him to the mobile home park investment thesis
  
• Building an efficient operations team to scale a mobile home park portfolio
  
• Raising capital for mobile home park investments
  
• Lessons learned from mobile home park deals that looked good on paper but failed in reality and in due diligence
  
• Managing park-owned mobile homes and ensuring reliable on-site managers
  
• The importance of having strong people on the ground and being on-site
  
• Navigating rent control and increasing regulatory pressures
  
• The mindset and work ethic required to succeed in the mobile home park industry
  
• Spicy lightning round: fun insights and quick takes on manufactured housing communities

About Leo Young

Leo Young is the co-founder of Cornell Communities and has been involved in over $50 million worth of real estate transactions. He previously served on the acquisition team of a $4.5 billion private equity fund. Before real estate, Leo was the #1 Regional Salesperson at Tesla, an experience that shaped his approach to operations, leadership, and scaling investments in mobile home parks.

About Andrew Keel
Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states.

Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes:

• Bringing in mobile homes to fill vacant lots.
  
• Implementing utility bill-back programs.
  
• Improving overall management and operating efficiencies in mobile home parks.
  

These strategies can significantly boost both asset value and net operating income. Learn more at keelteam.com

Chec...

Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel.
In this episode, Andrew Keel sits down with Andrew Cramer, Founder of Bridgeview Asset Management, to discuss what it really takes to succeed in mobile home park investing.

Since 2011, Andrew Cramer has acquired and managed over 3,000 mobile home park units, building a portfolio valued at more than $300 million. He shares his unique journey from chemistry and hedge funds to mobile home park investor, offering insights into both the operational and investor sides of the business.

Andrew Keel and Andrew Cramer dive into the lessons learned from building a high-performing mobile home park team, executing a game-changing mobile home park deal that reshaped his strategy, and navigating the brokerage community. They also cover the importance of understanding the towns and people behind each mobile home park, breaking common industry stigmas, and strategies for scaling a mobile home park investment portfolio successfully.

Topics covered in this episode:

• Andrew Cramer’s journey from chemistry and hedge funds to mobile home park investing
  
• Learning the mobile home park business through trial and error
  
• Building an investor-focused mobile home park team and processes
  
• Executing a transformative mobile home park acquisition
  
• Navigating the mobile home park brokerage community
  
• Why understanding the town and people behind each mobile home park matters
  
• Common mobile home park investing myths
  

Andrew Cramer shares key lessons from scaling thousands of mobile home park units, building a strong team, and evaluating communities—insights every investor and operator can use.

About Andrew Keel
Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states.

Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes:

• Bringing in mobile homes to fill vacant lots.
  
• Implementing utility bill-back programs.
  
• Improving overall management and operating efficiencies in mobile home parks.
  

These strategies can significantly boost both asset value and net operating income. Learn more at keelteam.com

Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” — available on our website: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/

Andrew has been featured on some of the top podcasts in the manufactured housing space. Listen to his most recent interviews here: keelteam.com/podcast-links.

To successfully i...

Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel.

In this episode, Andrew Keel sits down with Brad Johnson, Managing Partner at Vintage Capital, to discuss what it really takes to build lasting success in mobile home park investing.

With over 20 years of experience and $3.3 billion in real estate acquisitions, Brad Johnson has seen the mobile home park investing business from both sides — first as a mobile home park owner-operator, and now as a trailer park investment capital allocator. He also co-hosts The Alternative Investor Podcast, where he shares insights on tax-efficient and alternative real estate investing.

Andrew Keel sits down with Brad Johnson to discuss mobile home park investing from both the operator and investor perspective. They cover Brad’s journey from mobile home park operator to mobile home park capital allocator, key lessons learned, how to identify strong deals, which regions and infrastructure types are performing best, and common mobile home park investing myths.

Topics covered in this episode:

• Brad’s journey from mobile home park operator to capital allocator
  
• Evaluating mobile home park operators and deals effectively
  
• Why investing in top mobile home park management talent matters
  
• Types of mobile home park investors and operators today
  
• High-performing regions and mobile home park infrastructure types (septic, wastewater treatment plants, lagoons)
  
• Common mobile home park investing myths

If you want to understand mobile home park investing from both the operational and investment perspectives, this conversation is full of valuable takeaways.

About Andrew Keel
Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states.

Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes:

• Bringing in mobile homes to fill vacant lots.
  
• Implementing utility bill-back programs.
  
• Improving overall management and operating efficiencies in mobile home parks.
  

These strategies significantly boost both asset value and net operating income. Learn more at keelteam.com

Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” — available on our website: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/

Andrew has been featured on some of the top podcasts in the manufactured housing space. Listen to his most recent interviews here: keelteam.com/podcast-links.

To successfully implement his management strategy, Andrew’s team often relocates on-site during the f...