Today’s episode features Andrew Keel, CEO of Keel Team LLC, who shares his experience in mobile home park investing. 

He discusses his approach to finding off-market deals through cold calling and the efficiencies he brings to properties through sub-metering and other improvements. Sam asks Andrew about the market sentiment in mobile home park investing and his journey from flipping houses to owning over 2,000 lots across 33 mobile home parks and 11 self-storage facilities. Andrew also explains his company’s approach to adding affordable housing units to markets in need while providing great returns and tax benefits for investors. Join Sam and Andrew in today’s episode.

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Cold Calling and Timing [00:00:00]

Andrew Keel’s Journey [00:01:07]

Efficiencies in Mobile Home Park Investing [00:04:20]

Building a Cold Calling Team [00:07:48]

Forced Sellers in Mobile Home Park Investing [00:10:10]

Creating Affordable Housing in Mobile Home Parks [00:11:44]

The need for affordable housing [00:12:33]

Community engagement in mobile home parks [00:13:36]

Connecting buyers with manufactured housing [00:17:09]

Building a Team [00:18:45]

Creating Win-Wins [00:23:09]

Contact Information [00:24:15]

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Connect with Andrew:

Instagram: https://www.instagram.com/keelteamrealestate/

Facebook: https://www.facebook.com/keelteam6/

Linkedin: https://www.linkedin.com/company/keel-team-real-estate/

 

Connect with Sam:

I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.  

 

Facebook: https://www.facebook.com/HowtoscaleCRE/

LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/

Email me → sam@blog.brickeninvestmentgroup.com

 

SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson

Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234

Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f

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Want to read the full show notes of the episode? Check it out below:

Andrew Keel ([00:00:00]) – they’re not gonna wanna sell right when you call ’em, right? They’re, you’re kind of caught ’em off guard. But it’s getting the details on the property, seeing how it’s performing, and then following up with them because life happens. I, I, if, if this cold calling has taught me anything, it’s that, hey, you know, people are one heart attack away from fire sailing their property. It’s all timing and being there when you know something happens to help give them a solution, right? A, a fast exit, uh, because that’s, that matters in today’s world.

 

Intro ([00:00:27]) – Welcome to the How to Scale commercial real estate show. Whether you are an active or passive investor, we’ll teach you how to scale your real estate investing business into something big.

 

Sam Wilson ([00:00:40]) – Andrew Keel is the c e o of Keel team llc and m h u Top 100 owner of manufactured housing communities with over 2000 lots under management. His team currently manages over 30 manufactured housing communities in 11 self storage facilities. Andrew, welcome to the show. Thanks

 

Andrew Keel ([00:00:56]) – For having me. Excited to be here, Sam.

 

Sam Wilson ([00:00:58]) – Absolutely. The pleasure is mine. Andrew, there are three questions I ask every guest who comes in the show in 90 seconds or last, can you tell me where did you start? Where are you now, and how did you get there?

 

Andrew Keel ([00:01:07]) – Started flipping houses around central Florida, uh, through a yellow letter I mailed out. I found two mobile homes, uh, uh, that, that I ended up buying and selling on contract. Ended up meeting a, a park owner and he took me under his wing and, and said, Hey, this is how you syndicate deals and raise money from investors. So now I’ve been doing that for seven years, and we own, uh, over 2000 lots, across 33 mobile home parks and 11 self storage facilities.

 

Sam Wilson ([00:01:37]) – Wow, that’s amazing. That’s absolutely amazing. Tell me, I guess, what, uh, what’s the market sentiment and what it is you’re doing right now?

 

Andrew Keel ([00:01:46]) – The market sentiment? You know, I think it’s, uh, I think there’s some, some ups and downs. You know, there’s some, there’s some landlords out there that have kind of given mobile home park investing a black eye, I would say from, you know, raising rents too fast and, and, and kind of, you know, predatory landlording is, is kind of, you know, going around. So there’s some of that out there. Uh, but then there’s good operators that are doing it the right way, right? Like, you know, rent’s gotta go up, but you gotta fix that deferred maintenance, you gotta improve the properties and make ’em better. And I think there’s a win-win there for the tenants and for the investors. So, uh, it’s just finding the right operators. Yeah,

 

Sam Wilson ([00:02:23]) – No, that, that’s absolutely right. Uh, I want to hear, you know, what, what it is that you guys are doing right now. Uh, like who is your target seller? What, what’s that, what’s that look like for you?

 

Andrew Keel ([00:02:36]) – Target seller is, uh, we have a, an acronym, it’s called goat and it stands for Gray, old and Tired . And in our c r m we don’t pursue any deals unless the owner is a gray, old and tired, uh, owner of commercial real estate, specifically mobile home parks and self storage facilities. Uh, through our sales team, we make over a quarter of a million cold calls to mom and pop owners of, uh, self-storage and, uh, mobile home parks every year. And that’s where we buy all of our deals or are off market, uh, direct to owner. And, you know, we’ve just found that, you know, when we’re buying from mom and Pops, we’re able to get, you know, uh, typically better deals, but mainly we’re buying properties that are not being efficiently run. And when we take them over, you know, there’s very easy to see things like, Hey, having your rent roll be digital and software instead of on a yellow pad of paper. Little things that we can do to tweak the operations to make it better. And hey, if that’s how they’re running the rent roll, imagine what else they’re doing that we could tweak to more efficiently and and increase the No, I, so yeah, that’s, that’s our nutshell. Yeah.

 

Sam Wilson ([00:03:46]) – And, and I think anytime, and of course the, the manufacture to housing community space, even for the last decade has certainly been undergoing its fair share of sophisticated ownership groups. Uh, in fact, I would say it’s probably more on that front than maybe less at this stage, cuz it’s, it’s been such a hot, uh, a hot, um, asset class to be buying in. But tell me some more other efficiencies maybe that you guys see some sophistication that you can bring to the table at scale, maybe that a mom and pop owner just can’t afford to do with a single property.

 

Andrew Keel ([00:04:20]) – Yeah, I mean, the big one that comes to mind is sub metering the, uh, water and the water usage, right? The under each home, you know, now there’s technology out there with internet connections. The sub meters actually have internet connection and will in real time notify you of high usage. So if they go over, uh, you know, high usage, we can stop it, right? You know, very early on, instead of waiting 30 days for us to get a, uh, uh, an invoice in the mail from the water company telling us that we have a water leak because our water bill is double right. You know, we’re able to just react in real time where the mom and pops, they may not even be billing back for the water and sewer. They may just be including that in lot rent. So not only were we billing it back, but we’re also catching leaks earlier to, you know, reduce that potential expense.

 

Sam Wilson ([00:05:07]) – Yeah. And it’s small stuff like that. I mean, I don’t know what, what do those meters cost you on a, on a per home basis?

 

Andrew Keel ([00:05:14]) – Let’s say 500 bucks all in with installation.

 

Sam Wilson ([00:05:17]) – Okay. But, okay, so 500 bucks, let’s assume it’s a hundred pad, uh, a hundred, a hundred pad park, that’s 50 grand, right? And so that’s right to a mom and pop owner, that’s a tough pill to swallow. Like, man, you know, I don’t know. That’s, we, we run this park and that’s $50,000 and you know, he probably had a, had a new truck in 10 years, so, you know, he’s looking at a new truck or backfilling water and goes, I think I’ll just take the new truck. Uh, cuz you know, if you have to choose how to spend his money, where you look at that and say, how can we not put that amount of money into these parks? It just, it just makes financial sense.

 

Andrew Keel ([00:05:52]) – Like, for example, a park we bought it had water leaks and it was losing $2,000 a month on the water sewer recapture. Wow. So if you take 2000 a month, month, it times up by 12 months gives you 24 K a year in additional expense. If you’re able to, you know, add 24 K in NOI to that property and then add a seven cap, you know, you just saved $342,000 over $342,000. So to spend 50 k to make 342,000, we’re gonna do that every day of the week.

 

Sam Wilson ([00:06:26]) – For sure. For sure. You call me when you have that next, uh, next, uh, you know, uh, opportunity right there. If I can do that in a year, I’ll, I’ll, I’ll be all, I’ll be all about it. Thanks, Andrew. Um, no, that’s fantastic. I love that. I love that. Let’s get into the, the, the 250,000 cold calls comment. I mean, that’s mind boggling. Are there 250,000 self-storage and or mobile home? Are there, are there that many combined in the United States

 

Andrew Keel ([00:06:53]) – That there there’s not, yeah, there’s about 50,000 or so of each asset class. Okay. And obviously, you know, for mobile home parks, that number’s going down every year because it’s really hard to get new ones developed and the existing ones are being torn down and turned into apartments or, or something else. Uh, you know, for it’s self storage is obviously being built up, you know, uh, more and more. But, uh, you know, a lot of that is recurring calls. You know, they don’t pick up, you know, you’re leaving voicemails, you’re doing different things. But, but yeah, I think that is our niche. And you know, for example, we have a $4 million property under contract right now that’s supposed to close at the end of the month, a hundred percent owner financing. Wow. At 6% and a seven year term and 25 year amortization. Okay. So like a hundred percent l t v, you know, and, and do your return metrics on that when all of the capital you’re raising is for improvements. Hmm.

 

Sam Wilson ([00:07:48]) – Mm-hmm. . That’s amazing. That’s amazing. Awesome. And people, people will tell you that those deals don’t exist, but you’re, you’re living proof that that, that they do in fact still exist. What’s it, what’s it been like, give us some insight onto building a cold calling team and even getting the deal flow and data right? Such that that team can then continue to produce those phone calls. I mean, that’s, that’s a whole process all itself. Yeah.

 

Andrew Keel ([00:08:13]) – Oh, it a hundred percent is, yeah. We used a, a software called Reonomy to help identify property owners and get their contact information and then, you know, really identifying the team. You know, we found that it’s better to get sales guys that can work part-time because do it eight hours straight of just cold calling. You’re gonna lose energy and you’re gonna, by the end of it, you’re not gonna be as productive. So we have, uh, a team that works part-time, you know, four hours a day, right. In the mornings typically. And, you know, they’re on a dialer, so they’re hitting, you know, multiple numbers at once, you know, reaching out to people and, and it’s been really productive for us, you know, building those relationships, you know, hey, they, they’re not gonna wanna sell right when you call ’em right? They’re, you’re kind of caught ’em off guard, but it’s getting the details on the property, seeing how it’s performing, and then following up with them because life happens. I, i, if, if this cold calling has taught me anything, it’s that, hey, you know, people are one heart attack away from fire sailing their property. It’s all timing and being there when you know something happens to help give them a solution. Right. A a fast exit. Uh, because that’s, that matters in today’s world.

 

Sam Wilson ([00:09:18]) – It, it certainly does. And I was the unfortunate recipient of some news on some deals we’d been chasing a couple years ago. And, uh, you know, the seller at that point was just hard and fast. No, no, no, not gonna do it. And then, uh, I found out today that all the whole portfolio had traded hands. And I’m like,

 

Andrew Keel ([00:09:34]) – It’s my own

 

Sam Wilson ([00:09:34]) – Fault for not staying in front of them. Right. I mean, it’s my own fault. Those are lessons learned the hard way where you just go, okay, you’ve got to, like you said, it’s one heart attack away from suddenly going, Hey, we’re gonna fire sale this. You know, I got three months left to live maybe and I don’t really care anymore, so somebody buy it so I can go do what I want for the next 90 days. Uh, yeah. And

 

Andrew Keel ([00:09:52]) – Right now, you know, with what’s going on with all these, uh, interest rate caps that people are buying and, and what happened with these variable rate loans, you know, I think, I think there’s more and more forced sellers than there are, uh, you know, people that, that would desire to sell, you know, at, at the right time. So there might be some opportunity there. Do

 

Sam Wilson ([00:10:10]) – You think it’s happened because it’s certainly, I’ve seen it happen in the, um, multi-family space. I hadn’t really heard or thought much about it in the manufactured housing or community, uh, space. People taking on bridge debt, bridge debt is now coming due. They need to refi, but they can’t, cuz it doesn’t make sense. They’re, they’re doing cash in refis. I mean, are you guys seeing that in your, in your, uh, asset class as well?

 

Andrew Keel ([00:10:35]) – Not a ton of it. You know, I think it’s still early even for multi-family. You know, I think it, it’s still early, but there were some operators out there that took variable rate loans and now are negative cash flow. And I mean, I, I’ve seen it, right? These CMBS lenders are vicious. They will take your property back. They want to take your property back. Right. So it, it, it’s really, you know, a matter of time before we see blood in the streets.

 

Sam Wilson ([00:11:00]) – Yeah. Yeah. That’s unfortunate. Yeah. And that’s, uh, and again, you know, I haven’t seen it a lot in the multifamily space, but certainly have heard the rumblings and have, uh, you know, talked to some lenders and people that have indicated that they’re, that they are seeing that, uh, indeed occur on the, especially on the cash and refi side, on, on multi-family properties, which has gotta be a painful situation Oh. Uh, for everyone. Uh, especially

 

Andrew Keel ([00:11:21]) – Everyone, especially

 

Sam Wilson ([00:11:22]) – Your investor base. Um, so yeah, that’s, uh, let’s talk about the affordable housing crisis. I mean, it’s something, you know, we hear that those three words put together all the time, and you’re in a space that is a, like you said, it’s, it’s a, it’s not just a constrain, but it’s a dwindling supply space. So what are you guys doing on that front to preserve and or create more affordable housing?

 

Andrew Keel ([00:11:44]) – Yeah, great question. I love talking about this because, you know, this is the win-win, right? You know, we’re, we’re buying these properties from mom and pops who have let things kind of dwindle, right? Like, we’re buying properties that are 70% occupied, you know, so there’s, there’s more lots sitting there, but the mom and pops just don’t have the effort. Or like you said, the, the funds to go and buy homes, bring them in and set ’em up on those lots, right? So when we’re able to rejuvenate a property and come in with a lot of energy and a lot of new capital, it, it just, it, it is so awesome. That is why I love doing this business because I’m able to see lives change. I’m able to add affordable housing units to markets that desperately need it. And at the same time, I’m able to create a win for our investors because they’re able to get great returns on their investment and also get great tax benefits because of these, these mobile home parks.

 

Andrew Keel ([00:12:33]) – But I think, you know, still the majority of mobile home parks, like over 60% are still owned by Mom and Pops mm-hmm. , and they’ve just kind of used these things as a retirement vehicle and haven’t reinvested into them. So, uh, that vacant lot scenario is where we’re adding affordable housing units. And, you know, the, the high level econ 1 0 1 is like, hey, the supply of mobile home parks are shrinking every year. That’s like unknown. Just type in, you know, mobile home parks, uh, shutting down into Google and see what pops up. It’s, it’s all over the news because, uh, deferred maintenance, because redevelopment, you know, you name it. And we’re able to buy these properties and keep them mobile home parks and increase the occupancy so that we’re adding affordable housing. And, and that just matters that, that matters because we desperately need it. Manufactured housing can be built for around $50 a square foot where site built housing is over a hundred dollars a square foot. So it’s like there’s a huge win here, uh, to be had. And, uh, yeah, I’m excited to be able to add to that supply.

 

Sam Wilson ([00:13:36]) – Tell me about, tell me about, um, maybe community engagement inside of your, uh, communities. What’s something you guys are doing on that front? Obviously retention of your, um, residence is probably a lot easier in your space, but are there things that you’re doing to really improve the, um, just kinda the holistic experience of someone living in your communities?

 

Andrew Keel ([00:14:00]) – Yeah, I think the first thing is we always have an onsite manager that is, is a tenant that lives in our park. You know, and, and just giving them that point of contact really makes it feel, you know, more like a community because they connect everybody. They’re talking with everybody. Uh, that has been huge. You know, we’re, we’re buying from mom and pops who have self-managed Yeah. And maybe they live a couple hours away and they don’t make it to the property. Uh, you know, every month where an onsite manager that’s working, even if they are part-time, you know, Monday, Wednesday, Friday, you know, you know, and whatever the, the hours are. But it’s just good to have someone there that they can talk to and they can work through stuff and see the options. You know, we noticed that in, uh, during c o d, you know, there was a ton of rental assistance programs, but there was no one to like hold the, the hand of the tenants and help get them signed up for these.

 

Andrew Keel ([00:14:49]) – So our onsite managers really carried that load and, and sat down on the computers and helped, helped our tenants sign up for these rental assistance programs. And, you know, that is a huge burden off of their back. Now they can spend the money that they have on food and other resources instead of needing to worry, you know, they got thousands of dollars for their rental assistance and that was just a huge help. So having onsite managers and then obviously communicating well with our, with our resident base is, is huge for us. So those are two things, community engagement wise, uh, that we make sure to do every year.

 

Sam Wilson ([00:15:19]) – Yeah, no, I think that that’s really, really cool. Thank thanks for sharing the insight on that. Yeah. And having that local, that person that’s right there, living one of your neighbors. I mean, I think that would be just a huge, um, just a huge thing that would really, you know, again, not just resonant retention, but but from a, a, uh, feeling like you belong there sort of thing would, would make a big Yeah. A big difference on that front. You mentioned bringing homes in. So you buy a park, use the example, you said it’s 70% occupied, that means, let’s call it a hundred. I don’t know how many units was there, but let’s just make a number up and say it’s a hundred. So you got 30 open slots, you’re gonna bring houses in. Are you guys then selling those to your residents? Are you using those as park owned homes? What is that? What’s your plan there?

 

Andrew Keel ([00:16:02]) – Our plan is, is we want tenant owned home communities. It’s just more scalable and, and we’re, we want to rent out the dirt, not the homes themselves. Right. You know, a lot of people don’t, don’t think about this, but manufactured homes are built differently. The drywall is not the same size that the windows are different sizes, the doors are different sizes. You can’t just go down to the Home Depot and get some of these materials. So you’re gonna have to special order them and, and ship them in. And, you know, with the logistics issues we’ve had the past couple of years, that can get expensive. So we don’t want to own the homes. We want our tenants to own the homes and we will sell them, uh, sometimes via like a, a, a lease option or a, you know, a, a a rent credit program where they will make monthly installments towards purchasing the home. Uh, but mostly, uh, you know, there’s financing companies out there as well, like Triad and PEP Lending that will finance our tenants and then we will just, you know, get law rent.

 

Sam Wilson ([00:16:56]) – Got it. Got it. So you guys aren’t even directly buying the homes, you’re just connecting the buyers with the, uh, manufactured housing, uh, manufacturers. Is that right? Or are you guys buying ’em, bringing ’em in and then connecting them? Some

 

Andrew Keel ([00:17:09]) – Sometimes. But, you know, everybody likes it with a bow on top and ready to go. So, we’ll, we’ll actually get the homes in and there’s a program called Cash Program at 21st, uh, mortgage where we, we’ll buy the homes or we won’t even have to buy the homes. We’ll get the homes moved in, get ’em set up on the lot, and then we’ll market them and then, you know, funnel, uh, interested buyers to this 21st mortgage who’s a part of Berkshire Hathaway and that whole, uh, you know, Clayton Homes, you know, Warren Buffet deal and they will finance our tenants.

 

Sam Wilson ([00:17:38]) – Got it. Oh, that’s cool. I like that. I like the way you put that with, everybody wants it with a bow on top, cuz that’s that’s absolutely true. I know here, and again, I haven’t had, uh, we haven’t talked mobile home parks on this show probably, uh, maybe six, seven months. So I know the last time someone came on and really dove deep into the mobile home park space, even then they were experiencing just some supply chain constraints as it pertained to getting new homes, getting things on the lots. Has any of that lessened, or what’s that look like now?

 

Andrew Keel ([00:18:06]) – Yes, it has lessened, you know, it was 18 months to order a home and it wasn’t come in for 18 months. It was crazy. Wow. Back in Covid and all the, you know, the logistics issues. Uh, but now we’re down to about four months. Okay. So we’ll order it and four months it’s coming in, which is amazing. I mean, I’m, you know, very grateful for that because 18 months was just so hard. And then they, they wouldn’t tell you it was 18 months. Right. They’d tell you it was gonna be 12 months. Right. And then they’d push it back and then they push it back, and then it ended up being 18 months. So imagine your proforma when you’re planning on income at, at month 13, and you’re not getting until month 19. So there was a lot of operators hurting at that time, but things have improved on that front.

 

Sam Wilson ([00:18:45]) – Oh, that’s great. That’s great. I’m glad to, glad to hear that. Yeah. That’s one of those things that, uh, like you said, if it’s, if it’s, you can’t, you can’t underwrite, you know, when, when timelines aren’t kept from your manufacturers, you just can’t, you can’t stick to it. Tell me about this. You’ve built a team. You’ve, you’ve gone from, I think you started in fixing flip, is that right? If I’m remembering your story correctly in the beginning Yep. Picks and flipping. Yep. Now you’ve grown this, this huge mobile home park, uh, or mobile home community business. You’ve got team members, you’ve got cold callers working all day. You guys are selling homes, you’re buying communities. I mean, you’re going like gangbusters. What is one thing you feel like you’ve done really well that maybe somebody that’s just starting out and or you know, has a little traction should emulate

 

Andrew Keel ([00:19:28]) – Hiring overseas? Hiring overseas and siloing off, you know, tasks and then documenting really well, if, if I was gonna, you know, do it all over again, I would’ve done that earlier. You know, you can hire more loyal and, uh, you know, less expensive help overseas that will be, will be just fully capable and then some to execute. And, you know, I, if you can do that, I, I really think every business owner should really explore hiring some overseas help. Mm-hmm.

 

Sam Wilson ([00:20:02]) –  mm-hmm. . Yeah. Absolutely. Absolutely. When it comes to things that maybe rewind the tape a little bit and, you know, you said, gosh, I could have done this better. What are, what are some of those things that come to mind?

 

Andrew Keel ([00:20:15]) – Yeah, man, I, uh, in my early days, you know, when we were just hiring people, uh, we didn’t do like a personality assessment or anything like that to see if they would actually be good in their role, uh, long term. So we had a lot of turnover, uh, because it was, hey, we, we put someone that was not detail oriented in a role that required, you know, very detail oriented, uh, personality types. So now we use a system called the Predictive Index. Mm-hmm. . And it does a, a cognitive and a personality assessment. And it’s just aligned our team with the roles and we’re, we’re fighting. They’re staying longer, they’re happier, you know, because we’re playing to their strengths. So that’s been huge for us.

 

Sam Wilson ([00:20:59]) – Yeah. Man, what a powerful thing that is. I can, I can just speak, uh, and completely agree with you on that front. Using a personality assessment and familiar with predictive predictive index, the disc test. A lot of those, uh, you know, maybe one, one, I don’t know if one’s necessarily better than the other, but I’ve used them both. And, uh, gosh, I was even having a conversation with a new hire yesterday when I was like, wait, I can refer back to your, um, personality test that you took. And I recognize that I need to speak to you and engage with you in a different way such that you understand what it is I’m trying to say. And, and give you what you need to go do your job.

 

Andrew Keel ([00:21:38]) – And Exactly.

 

Sam Wilson ([00:21:39]) – And I, that’s so powerful. It’s so powerful and I so powerful. And actually this, there was a team member that we just, this is the same team member we just brought on, but I had a role, I wanted to hire this particular, I wanted to fill this role and I already knew this person. I wanted to put her in that role. She did the personality test and I said, no, but there’s another kind of blended role that we can put you in that will do a little bit of those things, but fill the gap over here much more meaningfully based on your skillset. She’s way happier and she’s crushing it. It’s like she That’s awesome. No, it is awesome. So I just thank, thanks for sharing that. Cause I think if people aren’t utilizing those very, and they’re not expensive.

 

Andrew Keel ([00:22:17]) – No, they’re not. No.

 

Sam Wilson ([00:22:19]) – And it makes all the difference in the world. So I can just testify to what you’ve just said as a, as a leader, um, how powerful that is when we’re building out, uh, our teams on that front. So very, very cool. You, you’ve shared with us so much here today, Andrew, on how to build a team, talking about, you know, making 250, which is an astounding number thousand cold calls, how you guys are buying, you’re buying everything offline, buying from, from, uh, you know, mom and pops, how you’re bringing sophistication to the industry in this space. We didn’t even get a talk about self-storage. I mean, you guys are buying in, in, in that department too. Maybe you’ll have to come back on show number two and tell us how you’re, how you guys are finding opportunity on that front. Is there anything else really that comes to mind today that you’d say, man, Sam, these are some things that I really wanna share with your listeners that are relevant to what we’re doing and that, uh, I think will make a difference?

 

Andrew Keel ([00:23:09]) – Yeah. I would say at, at the end of the day, uh, you know, being willing to, uh, give back and, and try to create win-wins, you know, in, in your business, right? Like, uh, our, our goal is not to make as much money as we humanly can, right? At the end of the day, it’s creating a win-win for our residents. Mm-hmm. . So they’re happy. And by doing that, they’re gonna stay longer and it’s gonna be a win for our investors because they’re gonna have more reliable, uh, income and, and, you know, income and distributions off of their investments. So that’s, that’s something I can go to bed at night and lay my head down knowing, hey, I’m doing, I’m doing good in the world. I’m adding affordable housing and I’m, I am, you know, keeping these assets as mobile home parks in, in my case, uh, where otherwise they might have been redeveloped and, and turned into something else and these people would’ve lost, uh, lost their homes and lost their living arrangements. So, uh, yeah, I’ll just spin that way.

 

Sam Wilson ([00:24:06]) – Awesome. Andrew, thank you for coming on the show today. I do appreciate it. Certainly learned a lot from you. If our listeners wanna get in touch with you and learn more about you, what is the best way to do that?

 

Andrew Keel ([00:24:15]) – Best way to do that would be to check out my website, it’s keel team.com. That’s just K e E L t e A m.com.

 

Sam Wilson ([00:24:25]) – Kehl team.com. We’ll make sure we put that there in the show notes. Andrew, thank you again. Have a great rest of your day.

 

Andrew Keel ([00:24:31]) – Yeah, thank you so much, Sam.

 

Sam Wilson ([00:24:33]) – Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can, do me a favor and subscribe and leave us a review on Apple Podcast, Spotify, Google Podcast, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.