Manage episode 292367101 series 2735199
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 Charlie Ansanelli. Charlie is currently the principal of RockStack Capital, he is a former tech entrepreneur turned full-time mobile home park investor and operator. He owns and operates 11 mobile home parks comprising of over 600 units and over $20 million in current market value. In addition to mobile home park investing, Charlie is also an angel investor and enjoys mentoring other entrepreneurs or people new to the real estate investing space.
Charlie brings his knowledge and experience from not only real estate and affordable housing but also from his entrepreneurial projects including what he learned from start up: ParkPlease. Andrew and Charlie do a deep dive into what they want to see change about the stigma of mobile home parks and “trailer parks”. They also talk about Charlie’s advice for passive investors who are interested in this asset class, along with his views on the future of the manufactured housing industry. They also touch on Charlie’s perfect mobile home park and what makes RockStack different from other operators in the space. Listen in to get several golden nugget take aways from Andrew and Charlie!
Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,500 lots under management. His team currently manages over 20 manufactured housing communities across ten states - AR, GA, IA, IL, IN, MN, NE, OH, PA and TN. 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: 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.
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Links & Mentions from This Episode:
“I always start with the MSA. I want really strong demand. I don't think my criteria are too far from those. I want to be in the place of a diverse economy.” - Charlie Ansanelli
“Something I'm afraid of is probably rent control regulation. This goes back to what we were talking about where we are coming in and we are improving the communities.” - Charlie Ansanelli
“Talk to folks who have scaled already, ‘Hey, what's your model? How did you figure this out?’ But not necessarily mimicking that because you got to also say, ‘Okay, well, what are my goals? What do I feel like I need in the business?’ Learn but also don't just follow. That's important, too.” - Charlie Ansanelli
“It was a big monthly festival in the Bay Area that people loved. That was a big event. We're excited to bring that back and we are bringing that back to the Bay Area. But it’s not a good year for the event industry.” - Charlie Ansanelli