Interview with MHP Operator Ian Tudor of the Archimedes Group

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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 mobile home park owner/ operator Ian Tudor of the Archimedes Group. Ian is apart of the younger, next generation of mobile home park owner/ operators. He brings his unique experiences, background, and perspective when talking with Andrew on this episode about topics including: what his perfect mobile home park looks like, common mistakes made by new operators, and hurdles the manufactured housing industry faces moving forward. Ian offers new enlightening ideas and standpoints when giving tips to passive investors on today’s episode.

Virginia Tech graduate, Ian Tudor started his career in the financial world. He joined Parkway Properties, a class A office REIT, as a member of their investments analyst team. During his tenure at Parkway, Ian underwrote over $1B in acquisitions and dispositions as a senior investment analyst. Currently Ian works full-time on operating and growing the Archimedes Group manufactured housing community portfolio. He is the co-founder of both the Archimedes Group and Mobile Home Park Mentors, where he and previous podcast guest Ryan Narus team up to coach new mobile home park investors towards buying and operating their first mobile home park.

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.

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
02:06 - Ian’s story and journey into manufactured housing community ownership
06:26 - The toughest hurdle for Ian Tudor in the mobile home park business
08:24 - What passive investors need to look out for when investing in mobile home parks
11:46 - Ian’s perfect mobile home park
14:45 - Common mistakes Ian sees by new operators
18:54 - The hurdles that the industry may face in the future
23:11 - The Archimedes Group
26:33 - The Mobile Home Park Mentors
28:18 - Contacting Ian Tudor
30:03 - Conclusion

Links & Mentions from This Episode:

MHP Mastermind Facebook Group: https://www.facebook.com/groups/MHPMastermind/
Archimedes Group official website: http://www.archimedesgrp.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:

“I didn’t really seek [the manufactured home industry] out. I just stumbled upon it and this idea… we just watered it and it continued to grow into what we have today.” - Ian Tudor

“The things you do with 100 lots and even 200 lots is way different than 500 lots, 1,000 and 2,000, as you continue to scale.” - Ian Tudor

“People usually underestimate how much work it takes to run mobile home parks.” - Ian Tudor

“Several people don’t dig in deep enough with where they fit in, in this space.” - Ian Tudor

65 episodes