Interview with Dylan Stewart and Alex Donnolo of Mavdon Investments

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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 Dylan Stewart and Alex Donnolo of Mavdon Investments. Dylan and Alex bring their youthful enthusiasm and excitement to this week’s episode as they talk about their first mobile home park deal, the future of Mavdon Investments, their due diligence process, and their journey into the manufactured housing industry. Don’t let their youth fool you, Dylan and Alex are very knowledgable on the mobile home park business. They share what they’ve learned and how they continue to learn about this evolving industry. Don’t miss all of the golden nuggets this episode has to offer!

Dylan and Alex have always had entrepreneurship in their blood. Separately, they were both in the single-family home investing business before partnering and forming Mavdon investments.

Their first mobile home park deal came about at the end of 2018 just outside of St. Louis, Missouri. They’ve gone on to close on six more parks. They currently own 117 lots and are closing on another 176 this month! They have created and maintained a fantastic team and their goal is to help educate others in the business.

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: 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.

Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick five-star review. I have a goal of hitting over 100 total 5-star reviews by the end of 2021, 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 five-star review of the show.

Talking Points:

00:21 - Welcome to the Passive Mobile Home Park Investing Podcast
01:55 - Dylan and Alex’s story and journey into the mobile home park space
05:20 - Their toughest hurdle in the business this far
08:00 - How Dylan and Alex learned the operations side of the business
11:44 - The future of Mavdon investments as they continue to grow
13:54 - Sourcing deals and how they do it
16:40 - Criteria for mobile home parks and new deals
21:00 - Mistakes and how Dylan and Alex recovered from them
25:40 - The most important things passive investors need to look out for when investing into trailer parks
29:42 - Questions from investors
41:00 - The value proposition at Mavdon and what makes them different
44:45 - Getting a hold of Dylan and Alex- their contact info
46:00 - Number one tip for passive investors
00:00 - Conclusion

Links & Mentions from This Episode:

Mavdon’s official website: https://mavdon.com/
Keel Team's official website: https://www.keelteam.com/
Andrew Keel's official website: https://www.andrewkeel.com/
Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPin...
Andrew Keel Instagram page: https://www.instagram.com/passivemhpi...
Twitter: @MHPinvestors

Quotes:

“We’ve got a great team around us so we can focus on doing what we need to do, so we can work in the business and work on the business.” - Dylan Stewart

“Being younger entrepreneurs, we want to master the operational side of things.” - Dylan Stewart

“Now our management system is really the key to our success.” - Alex Donnolo

“All we knew going in was that it was clean cash flow.” - Alex Donnolo

65 episodes