Interview with Passive Investor Lane Kawaoka of SimplePassiveCashflow.com

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By Andrew Keel. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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 Lane Kawaoka of SimplePassiveCashflow.com. Lane shares his take on passive real estate investing as someone who invests mostly in multi-family rentals. From that standpoint, Lane talks about advice for LP’s (limited partners), his tips on vetting general partner operators (coming from an operator), and LP tax benefits. He also shares how his investing practices have changed after some big life events recently.

Andrew and Lane also go over some of the most common questions that are asked of them, such as:

  • When does the cashflow start?
  • What happens when a natural disaster strikes your mobile home park?

They also share their opinions on the future of the economy and how mobile home parks and affordable housing in general will fair during a down economy (recession).

Lane Kawaoka has been investing in real estate for over a decade and is the owner of CrowdfundAloha.com, SimplePassiveCashflow.com, ReiAloha.com, and controls over 4,200 rental units. He uses his expertise in civil engineering, construction management, and industrial engineering to reverse engineer the wealth building strategies that have gotten him to where he is now. He shares that knowledge in his Top-50 Investing Podcast which can be found at https://simplepassivecashflow.com/.

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 over 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
01:27 - Lane’s story and his journey into passive real estate investing.
02:29 - Lane’s gateway into other asset classes
04:16 - Lane’s current asset class investments
05:55 - Most important things LP's should look out for when investing in mobile home parks
07:28 - Lane’s tips on vetting mobile home park operators before investing with them
10:10 - Benefits to LP’s from a tax standpoint and Lane’s advice
14:27 - Lane’s portfolio allocation, cash flow, and best practices
17:48 - The current state of the economy with the new administration
18:45 - When does the cash flow start?
19:50 - Worst case scenario
21:45 - $15 minimum wage
23:20 - What happens when the tornado comes through and rips open a mobile home park?
26:51 - Simple Passive Cashflow
28:10 - The most expensive pothole
29:30 - Investing after big life events
29:50 - One final tip for LP’s
30:42 - Getting a hold of Lane
31:12 - Conclusion

Links & Mentions from This Episode:

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:

“You quickly realize that single family home rentals (or just all direct investment rentals) on your own are not scaleable.” - Lane Kawaoka

“Isn’t that just a crazy thought? That you work less to make more.” - Andrew Keel

“This stuff changes over time. These best practices change over time. It’s your job, Mr. Passive Investor, to arm yourself and get educated.” - Lane Kawaoka

“If I was a passive investor and not an operator, I would like to spread it around a lot.” - Lane Kawaoka

56 episodes