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Sit down and get comfy; it's story time! What happened with Martin's monitor trip? Where do you land on dark icons? Lovely bags. Don't eat and podcast, they say. These blogs aren't going to roast themselves! Multiple theme songs for a single corner? Madness! Using Apple Podcasts? All notes can always be found here (https://listen.hemisphericviews.com/122)! Buzzing and Bickies 00:00:00 NBL Pocket Podcast (https://www.nblpocketpodcast.com/)
Andrew Jason is Director of Ecosystems at Grand Farm in Fargo, North Dakota, which describes itself as “a collaborative network of growers, corporations, startups, educators, researchers, government, and investors working together to solve problems in agriculture through AgTech and innovation.” Gone are the days when farming was synonymous with the image of a forlorn couple, pitchfork in hand, à la Grant Wood's American Gothic. In this episode, Jason explains how AI and innovation has inundated the farming industry as much as it has every other, spurring advancements in international agriculture, especially when it comes to sustainability, data collection, and the use of drones and robotics to increase efficiency and production. Farming is also near and dear to the host, Wendy Pease, whose father was a professor of international agriculture at Penn State in the 1970s. Then, “high tech” meant setting up a computer to monitor her father's potato research storage facility at Black Moshannon State Park in Pennsylvania. If the temperature dropped, for example, the computer called him at home to alert him. Late one night, Wendy sleepily received a phone call from an old-fashioned computer voice saying: “There is a power outage at the Potato Storage area,” which she found amazing! Grand Farm sees vast potential in connecting global communities to share ideas and technologies, with the aim of advancing agriculture production. Of late, Andrew has seen a lot of development in AgTech out of Brazil, Ukraine, Europe, Australia, and Japan. In fact, Grand Farm recently announced a partnership with Fukaya City, Japan, whose Deep Valley Initiative is an AgTech thought leader. The collaboration marks a major step toward an international approach to innovation in agriculture. Every partnership comes with its challenges, and Andrew shares the ones he's discovered that are particular to international connections: Cultural balancing act: Integrating local cultural needs with Grand Farm's global vision proved tricky. It's a common tension in multinational ventures, yet it can be managed by enabling cross-functional teams to work together. Navigating time zones: Communication across time differences requires flexibility. Andrew often connects with Japanese partners around 10 p.m. Fargo time, after his kids are in bed. While they've explored asynchronous options like video messages and chat, sometimes a real-time conversation is necessary. Patience in partnership building: The Japanese collaboration took years to finalize. While there's often pressure for quick results in the US, many cultures prioritize building relationships and trust over time. Bridging language gaps: In-country contacts helped set up interpreters to facilitate communication. Andrew notes the importance of employing professional interpreters and translators, especially in Japan and other Asian countries. Finding support: It can be hard to know where to start. The North Dakota Trade Office provided invaluable advice and international introductions. Andrew recommends tapping into your local trade experts for guidance and other free resources. Learn more about Grand Farm and their initiatives by listening to the full episode. And click here to donate to this worthy organization. Links: https://grandfarm.com/calendar/ Website: https://grandfarm.com/ LinkedIn: https://www.linkedin.com/company/grand-farm/ Connect with Wendy - https://www.linkedin.com/in/wendypease/ Connect with Jason - https://www.linkedin.com/in/andrew-jason-09755161/ Music: Fiddle-De-Dee by Shane Ivers - https://www.silvermansound.com
This weeks episode is hosted by Steve Link, Broker for Pifer's. Steve is joined by Christian Miller, Pifer's Auctioneer and Jack Pifer, Pifer's Agent and Drone Pilot. The trio discuss Pifer's upcoming sales including the exciting Johnson Estate Sale with classic cars and tractors. The guest this week is Andrew Jason from Grand Farms. The Grand Farm Initiative was created to solve the biggest problems facing agriculture. It started around a community challenge and has transformed into a global leader in Ag Tech innovation. Andrew discussed the new Casselton Innovation Campus; with nearly 600 acres of farmland and an impressive new innovation shop.Follow Kevin at www.americalandauctioneer.com and on Instagram & Facebook
Andrew Jason Grand Farm / Field Day and Cultivate
Farm Talk Segment 1 - Andrew Jason Grand Farm ECO System Director Recaps 2023 and Talks 2024
In this thought-provoking episode of "The Rational Egoist," host Michael Liebowitz is joined by Professor Andrew Jason Cohen, Director of the Philosophy, Politics, and Economics Program at Georgia State University. Known for his works on toleration, civil discourse, and applied ethics, Professor Cohen offers a unique perspective on the ethics of reparations for the descendants of slaves. During their conversation, Professor Cohen posits that the federal government perpetrated an egregious crime against slaves, the ramifications of which continue to affect their descendants. He argues that it's the government's moral obligation to make amends. Yet, the conversation takes an intriguing twist as they delve into the logistics of funding these reparations. The government, devoid of its own funds, would necessitate taxing its citizenry to finance this endeavour. But this raises serious ethical questions: Is it just to make present-day citizens shoulder the financial burden for crimes they didn't commit? Professor Cohen likens the situation to a corporation taxing its shareholders to pay off a debt, but Michael contests this comparison. Unlike a corporation, the government operates by the principle of coercion, effectively forcing individuals to part with their hard-earned money for a cause they might not endorse.Moreover, considering the existing financial woes of the United States, which is already trillions of dollars in debt, how ethical and prudent would it be to accrue even more debt? Join Michael and Professor Cohen as they dissect the complexities surrounding the ethics of reparations. This episode will challenge your perspectives and compel you to critically examine the morality of government-imposed financial burdens. Don't miss this illuminating discourse that navigates the intersection of ethics, politics, and economics. Michael Leibowitz is a renowned philosopher, political activist, and the esteemed host of the Rational Egoist podcast. Inspired by the philosophical teachings of Ayn Rand, Leibowitz passionately champions the principles of reason, rational self-interest, and individualism, seeking to empower others through his compelling work. His life's narrative exemplifies the transformative power of Ayn Rand's writings. Having faced challenging circumstances that led to a 25-year prison sentence, Leibowitz emerged from adversity by embracing the tenets of rational self-interest and moral philosophy put forth by Ayn Rand. Beyond his impactful podcasting endeavours, Leibowitz fearlessly engages in lively political debates, advocating for the protection of individual rights and freedoms through compelling YouTube videos and insightful interviews. His unwavering commitment to these ideals has garnered him a dedicated following of like-minded individuals.Leibowitz is a versatile author, co-authoring the thought-provoking book titled "Down the Rabbit Hole: How the Culture of Correction Encourages Crime." This groundbreaking work delves into societal attitudes surrounding punishment and rehabilitation, shedding light on how misguided approaches have contributed to the rise of crime and recidivism. Additionally, he has authored the book "View from a Cage: From Convict to Crusader for Liberty," offering an intimate portrayal of his personal journey while exploring the philosophies that influenced his transformation. For a deeper exploration of his ideas and insights, don't miss the opportunity to read "Down the Rabbit Hole: How the Culture of Correction Encourages Crime," co-authored by Michael Leibowitz. And also, delve into his book "View from a Cage: From Convict to Crusader for Liberty." Both books are available for purchase using the following links:"Down the Rabbit Hole": https://www.amazon.com.au/Down-Rabbit-Hole-Corrections-Encourages/dp/197448064X"View from a Cage": https://books2read.com/u/4jN6xj
The Grand Farm Education and Research Initiative, powered by Emerging Prairie, capitalizes on the region's potential and expertise in the agriculture and technology industries. The Grand Farm Initiative will accelerate the research and innovation into technology which will be present on the farm of the future – impacting North Dakota, the United States, and the World by solving challenges in the agriculture industry and developing new opportunities. The Grand Farm Initiative is designed to inspire collaboration among businesses, organizations, and researchers to develop the future farm, which we believe will solve issues critical to farmers worldwide. We chatted with Andrew Jason, Ecosystems Director of Grand Farm, about their first field day and future plans.
Hear Andrew Jason, Grand Farm's Ecosystem Director, discuss the importance innovation plays in agriculture and some of the exciting work happening at Grand Farm. To discover the latest crop nutrition research visit nutrien-eKonomics.com
Jay Thomas Show from Monday March 27th, 2023. Guests include Bob and Heidi from Fraiser LTD, Trisha Page of Embrace Therapies and the WF School Board, Rebecca Undem of Growing Small Towns and Andrew Jason talking Space Ag. Plus your calls and emails.
A liberal society is a tolerant one. It's a society that allows for pluralism in preferences, lifestyles, religions, and approaches to life. But how far does tolerance go, what are the exceptions, and how can we better cultivate it?To discuss these questions, I'm joined today by Andrew Jason Cohen. He is is Professor of Philosophy and Founding Director of the Interdisciplinary Studies Program in Philosophy, Politics, and Economics (PPE) at Georgia State University. He is the author most recently of Toleration and Freedom from Harm: Liberalism Reconceived and is working on a new book on civil discourse.Join the ReImagining Liberty Discord community and book club.ReImagining Liberty is a project of The UnPopulist, and is produced by Landry Ayres. Podcast art by Sergio R. M. Duarte. Music by Kevin MacLeod. Get full access to Aaron Ross Powell at www.aaronrosspowell.com/subscribe Hosted on Acast. See acast.com/privacy for more information.
09/01/22: We have the former Mayor of Bismarck, Mike Seminary, filling in for Joel, and he is joined by Andrew Jason, the Ecosystems Director for Grand Farm. They talk about the work that Grand Farm does, and the recent announcement regarding a partnership between NDSU, USDA and Grand Farm.See omnystudio.com/listener for privacy information.
Andrew Jason with Emerging Prairie talks about their 2021 events, which includes Grower Roundtables, Farm Field Days, Innovation Days and Harvest (Happy) Hours. See omnystudio.com/listener for privacy information.
Kevin Currie-Knight (East Carolina University) and Andrew Jason Cohen (Georgia State University) are both philosophers who have experience providing foster homes to children. In this video, they talk about their experiences fostering and the philosophical elements of foster care. 0:11 Introduction, Andrew's Philosophical Work, and Teaching Online During COVID8:56 Why Kevin, Andrew, and Their Families Foster Children23:43 Being Attached to and Developing Bonds with Kids Who Aren't (Biologically or Legally) "Yours" 30:57 Should Reunification with Biological Parents Be the Overriding Goal? 47:27 Should Race be a Factor in Deciding Where to Place or Raise Foster Children? 57:58: Kevin: Fostering Has Taught Me More Empathy (for Struggling Biological Parents) 1:06:39 Jason and His (Foster-Care-Inspired) Argument that Parents Should be Licensed1:19:56 Similarities and Differences Between Drivers' Licensing and Parental Licensing
As a property manager, have you considered investing in mobile home parks? Not interested? Not your thing? Some people won't touch it with a 10-foot pole. Today’s guest is Andrew Keel of the Keel Team. Andrew’s here to convince you otherwise. He talks all about mobile home park investing as an attractive and appealing asset class. You’ll Learn... [02:00] Sticker Shock Stigma: Why investing in mobile home parks is a good idea. [02:48] Longing to be a Landlord: Leverage other people’s money to buy properties. [03:30] Yellow Letter: Knew nothing about mobile homes, but knew it was a great deal. [04:00] Shoutout to Lonnie Scruggs: Learned how to make money with mobile homes. [05:10] Temp to Forever Cashflow: Use capital to buy and manage mobile home parks. [07:07] Three reasons why to invest in mobile home parks: Highest returns out of any form of real estate. Demand for affordable housing is off the charts. Supply is limited. [12:40] Bottleneck in Business: Finding good quality deals big enough to move on. [14:54] Boots on the Ground: Third-party property management for mobile home parks. [18:58] Utility Infrastructure: Most important aspect and most expensive to replace. [20:12] Tax Shelter: Mobile home park business of depreciation and improvements. [20:57] Models: Community owners own homes vs. every home is park-owned rental. Tweetables “Some people won't even touch it with a 10-foot pole. That artificially creates a moat to this investment class.” Andrew Keel “I knew I wanted to be into real estate. I knew I wanted to be a landlord, but I didn't have a lot of money.” Andrew Keel “The demand for affordable housing for this country is off the charts.” Andrew Keel “The stigma of living in a mobile home is not as strong in the midwest as it is in other parts of the country.” Andrew Keel “We are looking at a more scalable model to have the tenants own their homes. Then, we just have lot rent.” Andrew Keel Resources Keel Team Deals on Wheels: How to buy, sell, and finance used mobile homes for big profits and cash flow by Lonnie Scruggs Mobile Home University (MHU) Boot Camp HUD NARPM DoorGrow on Instagram DoorGrow on YouTube DoorGrowClub DoorGrowLive Transcript Jason: Welcome, DoorGrow Hackers, to the DoorGrow Show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing your business and life, and you are open to doing things a bit differently, then you are a DoorGrow Hacker. DoorGrow Hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you’re crazy for doing it, you think they’re crazy for not because you realize that property management is the ultimate high-trust gateway to real estate deals, relationships, and residual income. At DoorGrow, we are on a mission to transform property management businesses and their owners. We want to transform the industry, eliminate the BS, build awareness, change the perception, expand the market, and help the best property management entrepreneurs win. I’m your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow. Now, let’s get into the show. Today's show is going to be all about Mobile Home Park Investing. My expert guest is Andrew Keel of the Keel Team. Andrew, welcome. Andrew: Thank you. Jason: Andrew, before we get into this idea of Mobile Home Park Investing which, I'm guessing a lot of property managers right now are like not my thing, I'm not even going to listen to this one. I'm going to skip this episode. Before you do that, Andrew's going to convince you that it might be a good idea. Andrew: I'll give them my best shot. I think one of the reasons why I like the asset class so much is because of that stigma that a lot of people see. That initial sticker shock of the asset class. That's a huge part of why the industry is so attractive, some people won't even touch it with a 10 foot pole. That artificially creates a moat to this investment class. Jason: Right. Just a little protection built in, okay. Some of them were thinking that's kind of like having a trash heap around the property. Nobody wants to come in. Maybe it doesn't look very appealing. Before we get into that, Andrew, tell everyone about you. You've got a lot of things going on. Give us a little background of how you got into real estate investing, property management, how did all this start for you? Andrew: Yeah, sure. I started flipping houses around Central Florida and wholesaling residential contracts. I did that for about two years. I was trying to become a landlord but I started with nothing. My parents went bankrupt when I was in college, lost the house I grew up in. I knew I wanted to be into real estate. I knew I wanted to be a landlord, but I didn't have a lot of money. I initially thought, hey, I need to have a lot of money to be a landlord because I can't afford to buy these properties. That was before I learned how to use other people's money and leverage other tools. I started flipping houses and I got a deal through a yellow letter that I mailed out on two mobile homes in Ocala, Florida. That's just a couple of hours north of where I live in Orlando. These were nice, vinyl-sided, single roof homes that were manufactured in the mid-1990s. I could buy both of these for $2200 cash. I was like I don't know anything about mobile homes but this is a great deal. I just knew it. I had two titles, I left that day. I gave them the cash. I came home and got on YouTube. I typed in how to make money with mobile homes? I was like I don't know, there's got to be a way to make some cash off these things. I came across a guy named Lonnie Scruggs. He used to teach this class, and he has a book called Deals on Wheels. It talked about buying mobile homes, fixing them up, and selling them on contract to an end buyer. That's exactly what I did with those two mobile homes. I was able to fix them up, just clean them up basically. Some new paint and some new flooring. I sold them for $3000 down and $250 a month for five years. I did that on both of them and I only paid $2200 cash for both. I was like wow! This is a great model. It's not forever cash—that was my end goal—but this is great, temporary cash. I ended up doing that 19 more times and bought individual mobile homes through various parks throughout Central Florida. I sold them on contract. After doing that, I met some mobile home park owners. Again, I had this idea in my head that you need to be extremely wealthy to buy mobile home parks—the whole community. Through talking with them, they gave me that epiphany of using other people's money. I could be the sweat equity that would manage the properties. That was a huge Aha! moment for me. I immediately became glued to the asset class, read every book, went to every seminar, went to the MHU Bootcamp a few times, and just became a sponge for the asset class. That was a defining moment for me—getting into that industry. After I went to one of the bootcamps, I met a passive investor there that was just looking to invest and didn't want anything to do with the operations. He happened to be in the finance industry and worked really long hours but had a ton of cash that he wanted to deploy into this asset class. He partnered with me, and we bought the first mobile home park. It ended up being a really huge success. After that, we ended up buying four more communities since that one went so well. Since then, I have brought on more investors from friends and family to others outside of that. We do syndications now. We aggregate money from a pool of investors and then purchase these assets into a single purpose LLC. It's been a very awesome ride. It's been exciting. It's been blood, sweat, and tears into this at this point. Now, we're at 23 communities which is amazing and a blessing. We have a ton of people that work for us now and are awesome members of our team. That's a little about how I got into where I am today. Jason: You never just woke up when you were a kid and said I want to grow up to do mobile home park investing. Andrew: No, that's not how it went at all. I just kind of fell into this but I believe mobile home parks are a mode of investment for a few reasons. One of those that's really important is it has the highest returns out of any form of real estate. Right away, I was attracted to it. Number two, that makes it that much better, the demand for affordable housing for this country is off the charts. I think you can talk to any real estate expert and they would tell you that. Number three which is the main reason, number one, put it on the top of your list of why mobile home parks are a great asset class to invest in is because the supply is limited. Any other asset class whether it's self storage, multifamily, whatever, it's easier to develop those and get those approved. Where mobile home parks have this stigma, there's this not in my backyard initiative where people don't want a mobile home park built right next to their subdivision. It's very hard to get zoning approved for a new mobile home park development. Number two, from an economic standpoint, mobile home parks are loss leaders for municipalities. On average, they cost around $11,000 a year to put a child through public schooling with the cost of the school, the teachers, et cetera. In mobile homes, the owners of the mobile homes, they only pay maybe $50-$100 a year in their personal property taxes on their mobile home that they pay at the DMV just like you would pay taxes on your vehicle, or both, or so forth. The taxes are very low, but say a family of four that has two kids in elementary school, that would be a huge loss to the local municipality every year for having that family in their municipality. That's a big reason, the supply is shrinking. On average, there's 10 mobile home parks across the country that are torn down every year. It's continuing, it's getting more than that. More and more, they're torn down and put into better land uses for multifamily and whatnot. It's very rare, if any at all, are being developed from the ground up. It's very interesting from a supply standpoint. Jason: Are you involved in getting them developed? Andrew: I'm not. There's lower hanging fruit in communities that are already established, to be honest. It's less expensive to go in and fix the existing infrastructure. The majority of mobile home parks, I think 80% of them, are owned by my mom and pop owners. It's not an institutionalized asset class like multifamily and self storage. With that, you're able to come in and increase value very quickly through increasing that operating income, whether that's through modest rent increases, billing back utilities, increasing the occupancy. A lot of these communities have been owned by a mom and pop for 30-40 years. They have a lot of equity. A lot of these are paid off pretty clear. With that, we've been able to acquire five communities with stellar financing because they're able to be more flexible since they don't have some of the restrictions that a bank would have on a mortgage. It's a very exciting asset class. It's new to a lot of people but it's definitely a mode of investment. It's not something that you want to go to the country club and brag to your friends about. It is also very unique in that aspect because that stigma does keep some investors out of it and keeps cap rates significantly higher. Jason: Okay, okay. The first thing you mentioned is it has the highest returns. Qualify that a little bit, compare it maybe just a little bit, let's back this up. Some people listening, maybe their ears perked up when they heard that. Andrew: Yeah. If you're familiar with commercial real estate, properties are valued off of their income, there's the income model. Cap rates for mobile home communities are typically between 8% or 12%. If you compare that to multifamily, you're not able to get as big of a spread between the interest rate you're paying on your loan and the cap rate that you're purchasing the property for. The cap rate is the net operating income divided by the purchase price, for those of you who aren't familiar with that. Basically, we aim to get at least a 3.0 spread between our interest rate that our loan we have in the community, and the cap rate that we're paying. If we're able to create that Delta, we can offer our investors 20% cash on cash return annually. Jason: All right, okay. I’m taking notes. If you can offer investors that, it's not too difficult to get investors you're funding? Andrew: Yeah. We've been very fortunate to have a lot of people reaching out to invest with us. At this point, I would say the bottleneck in our business is finding good quality deals that are big enough to move the needle. There's a lot of communities that are between 50 and 100 lots that are a good place to play in. The communities that are bigger than that offer even more economies of scale in terms of expenses versus income. Those are the ones that are getting eaten up by institutional buyers at this point. Some of the REITs, some of the large private equity firms, are now playing in this space because they've seen high returns. They know supply is limited and demand is off the charts. They're going after those larger properties. Those are harder for us to compete with because those cap rates are getting compressed. Jason: This is just in your local market that you're willing to work and target? Is that correct? Andrew: We have communities all the way from Georgia to North Dakota, all the way down to Tennessee, and all the way across Pennsylvania. We're right in the center for the most part—the center of the United States. We did that for a couple of reasons, it was mainly strategy. Hurricanes primarily don't go across the midwest. However, there was a polar vortex last year, that was absolutely crazy. Hurricanes, it's protected against those. The stigma of living in a mobile home is not as strong in the midwest as it is in other parts of the country. For the most part, we aim to purchase communities in the middle of the United States. Jason: Got it. How difficult is it for somebody that's currently focused on single family residential, or maybe they're doing commercial, or maybe they're doing multifamily, to add this in as another business—basically another arm of their business and to work on this? Andrew: That's a great question. First off, I think we should say that third party property management for mobile homes communities, that's like across the nation, it's basically unheard of. There's like two or three companies that do it and they're not doing it at a high level. It's very tough because it is management intensive. Even though a lot of these communities don't own the mobile homes themselves, they just own the dirt underneath them, your maintenance costs less. There's just other reasons why it's a little bit difficult to manage these communities on a large scale because of the turnover and things like that that do happen. Jason: You're managing just the parks, you're not managing individual rental properties. Andrew: Correct. We get a lot of rent off the ground. Now, as a necessary evil of the business, when a home goes up for sale or say we come to own one of these homes, we have to then sell it to the tenant for them to become a tenant-owned resident and rent out the land to them. There's probably about 20% of our total units that are homes that we've sold to the tenant on contract. They're still responsible for maintenance but it's sold to them like a rent credit program, is what we call it, where they're making payments monthly to then pay off the home. Then, eventually, they will just pay lot rent. Jason: We didn't say this at the beginning, we probably should qualify you a little bit more by saying how many units are you over right now? How many are under management? Andrew: We are at 1497 units right now. That's across 23 parks. Jason: All right. How critical it is to have boots on the ground in all of these 23 locations? Andrew: It's paramount, in my opinion. We have an onsite manager at every single location. That's typically a resident that had the nicest home, we converted them into an onsite manager. All they are is just basically an eyes and ears person that communicates with our corporate office. It keeps us abreast of what's going on in the community. That has been really important for us to just be able to understand what's going on. Typically, we go after someone that has a fixed income like Social Security and they have one of the nicest homes in the communities. They're retired and they're home. They're like the community watchdog. They keep us up to date on what's going on. Then, our corporate office which we have 14 corporate offices, offsite management employees, handles everything from the financials, to the project management, to collections, to bookkeeping, et cetera. Jason: Got it. These are all parks that you have some sort of an ownership in, correct? Andrew: Correct. We only manage parks that we have ownership in right now. Jason: Got it, okay. For those listening, if somebody has a property management business, maybe they're a real estate investor and they're wanting to get into this, what advice would you give as the first initial step? They're looking around. They notice there's a mobile home park or two that probably could use a little love. Maybe the mom and pop owners would be willing to have a conversation. What's the first step that you think they need to be aware of? What knowledge do they need to gain first? Andrew: Yeah, that's a great question. I would say you need to go and get educated. You need to go to the MHU Bootcamp that's offered by Frank and Dave. That's like the industry leading educational platform that teaches everything from how to find deals, how to value them, and how to manage them. Within that class, you'll learn about the utility infrastructure. The utility infrastructure is by far the most important aspect of these communities because that's the most expensive to replace. For example, a community that's on the city water or the city sewer is more attractive because there's less risk on that half. Versus a community that's on a well and septic. A well and septic, there's a lot more testing involved. Now, you're servicing a community that is using that water supply. You have to make sure that there's certain chlorine, certain tests done on a consistent basis, to manage that water system. The same thing if you're on a septic or waste water treatment plant. Wastewater treatment plant can cause $500,000 to replace. You have to make sure that they're maintained on a high level. If they're not, you could be front of the bill for a very expensive project. Jason: A lot of what makes a mobile home park work is underground is what you're saying? Andrew: Correct. Jason: Okay. It's not just land, there's infrastructure that's really critical underneath. Andrew: Very, very, critical. Those are all items you're able to depreciate and we love that part of the business because mobile home parks are also a known tax shelter because of those improvements. Jason: Interesting. You said that Frank and Dave over MHU? Andrew: M as in Mary, H as in Harry. Mobile Home University. Jason: Got it, all right. I thought I would make sure. Cool. What else should they know about mobile home park investing that we haven't covered so far? Andrew: I'll just give a vague overview of it. There's a model where the community owners will own all of the homes and basically operate it as a flat apartment community where every home is a park-owned rental. That is not the model that we follow. We are looking at a more scalable model to have the tenants own their homes. Then, we just have lot rent. There's a couple of reasons. Obviously, repairs and maintenance would be a lot less. Your expenses will be a lot less. Also, your turnover on a tenant-owned home unit is approximately 4%-5% annually where the turnover on a park owned home unit is closer to 50% annually. From a management side of things, if you have a tenant-owned home community, you're going to spend less time dealing with turnover compared to a park owned home community. There's communities out there that have done both ways but we prefer the tenant-owned home model. In regards to mobile home park investing, it is affordable housing. If you're familiar with affordable housing in multifamily, HUD housing, or things like that, you can deal with a lot of the same residence but there's also different classes just like in any asset class where there's very high end mobile home communities that have swimming pools, community centers, three golf courses. Then, there's communities on the lower end that are just not taken care of very well. The homes are really close together, there's a lot of older homes. We try to aim right at the middle. We're looking at the C class parks that maybe we can bump up into a B. That's typically where we play. Jason: Got it. All right. For those that heard all of this and still thought there's no way I'm going to touch this. There's no way I'm going to go to MHU. I don't want to do any of this stuff, but those returns sound pretty sweet. Maybe I should talk to Andrew. Maybe there's a mom and pop that's listening, they're like you know what? I'm tired of this garbage. I'm tired of dealing with this place. I want out. It's time we retire from running this mobile home park. They're like maybe we can have a conversation with Andrew. Who are the people that you're wanting to get in touch with you? Whether it's investors, whether it's potential people that can create a deal with you? What are you interested in? Andrew: All of the above. If there's a wholesaler that comes across a mobile home park and they want to assign it, or it's a property manager, or maybe it's someone that wants to partner on their first deal because they want to learn the operations before just jumping in with two feet. All of them should reach out to me. My website is keelteam.com. I'd be happy to chat with you. I love talking about mobile home parks, you won't have to pull my leg too hard to go on the phone with me. Jason: I could tell. Andrew, I appreciate you coming on and sharing a little bit about mobile home park investing, helping open my audience’s eyes to that just a little bit. Maybe you'll get a few phone calls, maybe some people will get into this. Who knows? Maybe there'll be some sort of a hybrid where deals even workout. Are you looking at expanding outside the midwest at all? Andrew: Yeah, we've looked at some deals in many different areas. Not in California but outside of that state we've looked at several deals. You have to hit a certain number of units for it to make sense for it to go to a new market. You don't just want to go after a 40 lot mobile home park in Idaho when the rest of your communities are all in Ohio or Pennsylvania. We definitely looked at other places. I've JV'ed with people that brought me a deal that they didn't have any money but they just found this great deal. I found things like that and I'm totally open to sharing what I know on the operation side to others that bring a deal to the table. Jason: Awesome. Andrew, I appreciate you coming on the show. I wish you continued success. Andrew: Jason. Thank you so much for having me. I really appreciate you having me on the DoorGrow Show. Jason: All right, cool. Make sure you reach out to Andrew if any of this sounds interesting, you are curious about this in working with him, or getting into it yourself. That was keelteam.com. If you're looking at figuring out how to grow your property management business, I had so many calls this week from new clients that have come onboard with us. There's this common challenge that property managers tend to deal with at various stages. I've noticed that you've got that first sandtrap at about 50, 60 doors in the single family residential space where you're dealing with how do I start to get ahead? How do I create some leverage in this business so I'm not just trapped as a solopreneur here forever? How do I start getting more doors than I'm losing so I'm not just breaking even every year in terms of growth? If you're dealing with any of those kinds of challenges, we're really going to help you break through that initial barrier. Then, there's that second sandtrap which is usually if you can break in a healthy way past 100 doors, if you haven't done that yet, talk to us. If you break past 100 doors in a healthy fashion, which means you're not just a real estate broker. That's really healthy and you've got this unhealthy property management business on the side, we can help you with that too. You do it in a healthy fashion. Then, you'll end up usually in the 200-400 door category and then you get stuck. This is where I see a lot of property managers stuck in NARPM. A lot of property managers are struggling. There are specific things that you need to break free from that sandtrap. Usually, the challenge is they're not getting the right thing members. They're not able to retain team members for a long time. They're trying to build and systemize the business, build a team. They just don't have a business that's scalable. Even if it were fed a lot of potential business, or a lot of deals, or a lot of leads, once they approach that 400 or maybe up to 500 units space, the business owners feel really stressed out. They built a team usually the way a solopreneur thinks. They built a business based on what the business needs, not on what the business owner needs to lower their pressure noises through the roof. Every person that they have on their team is coming to them for everything and asking questions. First, it feels really exciting when you're small. As you scale and as you build, it feels really suffocating. You become the biggest bottleneck in the business. If you're experiencing that, then reach out. We would love to have a conversation so that we can help you break past that second sandtrap as well. Anyway, I'm Jason Hull over at DoorGrow. Make sure you also check us out. We've been really pumping up Instagram and getting going. Follow us on Instagram, it's just @doorgrow. Make sure you get into our community at the DoorGrow Club Facebook group. You can go to the DoorGrow Club. Just go to doorgrowclub.com. Until next time, everybody. To our mutual growth. Bye, everyone.
The video version of the Fightful Boxing Podcast is back! To celebrate the occasion, Carlos Toro interviews WBA super flyweight champion Andrew Moloney and top bantamweight contender Jason Moloney. Podcast topics include: - Carlos Toro breaks down the latest on boxing’s current status - Andrew & Jason Moloney join the show to talk how they’re dealing with not fighting - Andrew wants to fight Roman “Chocolatito” Gonzalez - Jason explains how he has improved since losing in the World Boxing Super Series - Andrew & Jason talk possibly fighting in empty arena - Andrew & Jason discuss their wrestling fandom have a special message to Vince McMahon
Andrew & Jason, founders of Perennial Chocolate, come on "Enough To Be Dangerous" to talk of how they became chocolate makers and what you need to know before you start making your own chocolate! Mark and these guys went to school together so we relive some of our glory days and talk through some failed ideas before they started making this rich chocolate goodness! You can find them @perennial_chocolate on instagram. And you have enough time to order some of their best stuff for valentine's day! WHAT WE NEED MOST is for you to share this episode with your friends! Follow us on instagram @enoughtobedangerous or Facebook
Today's guest is Andrew Jason, Editorial Director for Spotlight Media! We get some fantastic insight into the editorial process, what it means to give content value, and why print is ANYTHING but dead. Help support JJ Meets World stay afloat by donating to our Patreon! http://www.patreon.com/jjmeetsworld
We're back and with a new name. The Townies is trademarked by some fellow podcasters so you are now listening to the Third Coast Cast. In this episode, Co-creator Andrew Jason wants us to think harder about the cultural stereotype of the Midwest Nice or Midwest Kindness. Join us for a stimulating discussion and as always let us know what you think by rating, following, and sharing with friends and family! Or just text us and tell us what you thought! For reference to the article this discussion was inspired by, check out http://gawker.com/on-smarm-1476594977 "On Smarm" by Tom Scocca and Gawker
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