239: Why Mobile Home Parks Are America's Most Stable Real Estate with Jack Martin

In the real estate world, mobile home parks aren’t viewed as a glamorous asset class, but today’s guest explains why you should give this asset class a second look.

On today’s episode of Zen and the Art of Real Estate Investing, Jonathan interviews Jack Martin, co-founder of 52TEN. Jack began his real estate career in Arizona, where he sourced off-market properties and acquired and sold over 2,000 single-family homes, as well as more than 900 apartment units. In 2016, Jack entered the mobile home park business. Since then, he’s acquired 1,500 mobile home park lots.

Jonathan and Jack start their conversation with Jack’s introduction to real estate investing through Carleton Sheets as an 18-year-old in the military. Jack outlines the misconceptions about mobile homes and parks, what drew him to parks versus single mobile homes, and the two things that excited him about mobile homes over other asset classes. Jack explains why amenities appeal to mobile home park residents, who those amenities attract, how he chooses a geographic location for investment, and the importance of vertically integrating property management into a mobile home park strategy. As their discussion winds down, Jack shares how implementing technology can simplify management, the tax benefits associated with mobile home parks, and what to look for in a park when vetting the investment.

Real estate investors may be sleeping on the opportunities mobile home parks offer, and Jack Martin outlines exactly why this asset class deserves a second look.

In this episode, you will hear:

• Jack Martin’s introduction to real estate through Carleton Sheets at 18 years old in the military
• Misconceptions surrounding mobile homes and mobile home parks
• Why Jack began buying mobile home parks versus single mobile homes
• The two things that excited him about buying mobile homes versus other asset classes
• The most expensive event that occurs for investors with rental property
• Creating amenities that appeal to residents and the type of residents they attract
• Choosing an appropriate geographic location with net population growth
• The importance of management and vertically integrating it into your strategy
• Implementing technology in managing mobile home parks to simplify
• How Jack educates others on this asset class and the tax benefits that come with it
• What to look for when you’re vetting a mobile home park investment

Follow and Review:

We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Supporting Resources:

52TEN website - 52ten.com

52TEN on YouTube - www.youtube.com/channel/UCK9mmKx4H8tHQz1kt0k3_Hw

Find 52TEN on Facebook - www.facebook.com/52TENInvestments

52TEN’s Instagram - www.instagram.com/52teninvestments

Follow 52TEN on LinkedIn - www.linkedin.com/company/18335773

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.