Mobile Home Park Investors With Jefferson Lilly & Brad Johnson

This episode is Part three of a three-part series. On this week’s show, Ryan continues his discussion on how the two publically traded companies, ELS and SUI, are doing in the market, where they’re headed long- and short-term, and what kind of events in the world need to happen for the industry to disappear.   Key Takeaways: [1:25] Who wants to be in just ‘average’ real estate? [2:05] How do the two management teams, ELS and SUI, treat each other? [5:50] These teams have very little control over how strong the NOI growth is and what happens with cap rate. [8:25] Where does Ryan see ELS and SUI going both long term and short term? [10:40] Jefferson loves Equity Lifestyle and has been very happy with the return over the last few years. [11:55] Most people don’t realize it but manufactured homes comprise about 7% of the total housing stock in the U.S. [16:45] Unfortunately it’s hard to see bubbles until they’ve viciously popped. They’re difficult to predict. However, there are some current indicators that sugges