Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks with Jim Glasgow of Palace Way Management. Jim and Andrew have a great discussion about various topics including: property zoning needs for manufactured housing, different housing types and the need for affordability, ground up development processes, budgeting within a ground up mobile home park development and also what backlogs and supply chain constraints there are in the current construction market and how this is effecting real estate.

Jim has over a decade of experience in real estate investing and syndication. He also has experience on the corporate side as an executive and business owner. His experience in real estate includes residential properties, mobile home park investing, commercial real estate properties, land, real estate development, and construction. He is a general partner at Palace Way Management and Palace Way Syndicates and is currently developing mobile home parks and industrial business parks in Texas.

***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 100 Owner of Manufactured Housing Communities with over 2,000 lots under management. His team currently manages over 30 manufactured housing communities across more than ten 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.

Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: [ Ссылка ]. 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.


Talking Points:
00:21 - Welcome to the Passive Mobile Home Park Investing Podcast
01:40 - Jim's journey into real estate and an overview of his portfolio
07:41 - Jim's process to developing the numbers for his ground up development budget
10:10 - The types of housing Jim prefers on his mobile home park lots
14:22 - Market study and analysis
16:25 - Jim's partners
17:20 - The contract process
18:47 - Important advice for limited partners or passive investors in mobile home parks
21:23 - Zoning restrictions
26:23 - Getting a good rate of return
30:00 - The origin of Jim's startup money
32:30 - How long will the backlogs last
35:08 - Reaching out to Jim Glasgow
35:52 - Conclusion

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Links & Mentions from This Episode:
Jim's email: edwardjim59@yahoo.com
Palace Way Management: [ Ссылка ]
Keel Team's official website: [ Ссылка ]
Andrew Keel's official website: [ Ссылка ]
Andrew Keel LinkedIn: [ Ссылка ]
Andrew Keel Facebook page: [ Ссылка ]
Andrew Keel Instagram page: [ Ссылка ]
Twitter: @MHPinvestors

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