In this episode, Andrew Keel welcomes Nathan Jameson, a real estate investor-operator focused on durable-demand assets through Arx Capital. Nathan Jameson shares his disciplined, stewardship-driven approach to building a mobile home park portfolio of nearly 2,000 sites across the Northeast and Mid-Atlantic. The conversation explores why self-management is critical for mobile home park operational success and how a performance-driven leadership style—rooted in Nathan Jameson's background as a Division I athlete—creates long-term value for both residents and investors.

We zero in on why self-management matters, the hidden costs that trip up new trailer park operators, and how a stewardship-driven approach creates long-term value for residents and investors alike. We also chat about acquisitions, operations, team building, utility management, affordable housing, and the challenges facing the industry over the next several years.

Nathan Jameson is a real estate investor-operator focused on necessity-based, durable demand assets. Through Arx Capital, he invests with a long-term, stewardship-driven mindset across resilient strategies, with a strong focus on mobile home parks and affordable housing.

Before investing, Nathan was a Division I athlete and coach, an experience that shaped his disciplined, performance-driven approach to leadership and execution.

About the Host:

Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management across more than 50 communities in 15+ states.

Andrew Keel specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes:

• Bringing in mobile homes to fill vacant lots.
• Implementing utility bill-back programs.
• Improving overall management and operating efficiencies in mobile home parks.

These strategies significantly boost both asset value and net operating income.

• Learn more at keelteam.com.
• Find out more about Andrew’s story at andrewkeel.com.
• Learn how to invest in mobile home parks: https://keelteam.com/mobile-home-park-investing/
• Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” available here: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/.

Support the Show

If you are getting value out of this podcast, please head over to iTunes and leave a quick five-star review to help us hit our goal of over 500 total 5-star reviews.

• Leave a Review on Apple Podcasts (iPhone, iPad, or Mac users): Leave a Review on Apple Podcasts
• Follow Our Projects: See mobile home park projects in progress on Instagram: @passivemhpinvesting.
• Subscribe to the Passive Mobile Home Park Investing Podcast YouTube Channel:

GUEST: Matthias Gruenwald, Co-Founder and Managing Partner of WCG Investments

HOST: Andrew Keel

Learn more from Andrew Keel’s Mobile Home Park Investing Guide here: https://keelteam.com/mobile-home-park-investing/mobile-home-park-investing-guide/

Episode Summary

Andrew Keel sits down with Matthias Gruenwald, a real estate investor and operator who successfully transitioned from 18 years in global automotive manufacturing to full-time real estate investing in the manufactured housing community space. Originally from Germany, Matthias now oversees approximately $45 million in real estate assets across 25 mobile home parks.

This episode is a masterclass in modern mobile home park investing and operations, diving into how Matthias broke into the industry, scaled his portfolio, and built efficient management systems. Listeners will gain actionable insights on:

• Building a proprietary property management company from the ground up.
• Leveraging Virtual Assistants (VAs) and AI in operations.
• The realities of managing challenging park-owned homes (POHs).
• Identifying the Key Performance Indicators (KPIs) and operational levers that drive Net Operating Income (NOI).
• Effective strategies for sourcing deals and identifying acquisition red flags.

About the Host:

Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management across more than 50 communities in 15+ states.

Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes:

• Bringing in mobile homes to fill vacant lots.
• Implementing utility bill-back programs.
• Improving overall management and operating efficiencies in mobile home parks.

These strategies significantly boost both asset value and net operating income.

• Learn more at keelteam.com.
• Find out more about Andrew’s story at andrewkeel.com.
• Learn how to invest in mobile home parks: https://keelteam.com/mobile-home-park-investing/
• Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” available here: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/.

Support the Show

If you are getting value out of this podcast, please head over to iTunes and leave a quick five-star review to help us hit our goal of over 500 total 5-star reviews.

• Leave a Review on Apple Podcasts (iPhone, iPad, or Mac users): Leave a Review on Apple Podcasts
• Follow Our Projects: See mobile home park projects in progress on Instagram: @passivemhpinvesting.
• Subscribe to the Passive Mobile Home Park Investing Podcast YouTube Channel:

Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel.

Learn more from Andrew Keel’s Mobile Home Park Investing Guide here: https://keelteam.com/mobile-home-park-investing/mobile-home-park-investing-guide/

In this episode, Andrew Keel sits down with Leo Young, co-founder of Cornell Communities, to discuss his journey from working at Tesla to building a successful career in mobile home park investing.

Leo shares what drew him to the mobile home park investment thesis, how he built an efficient operations team to scale his trailer park portfolio, and the key lessons he has learned from both wins and mistakes. Listeners will hear real-world insights on raising capital, managing park-owned mobile homes, navigating rent control and regulatory changes, and what it really takes to create passive income through mobile home park investments.

With experience on a $4.5 billion private equity acquisition team and over $50 million in real estate transactions, Leo brings a unique perspective combining operational expertise, strategic investing, and hands-on management to the mobile home park investing asset class.

Topics covered in this episode:

• Leo Young’s journey from Tesla to mobile home park investing
• What first attracted him to the mobile home park investment thesis
• Building an efficient operations team to scale a mobile home park portfolio
• Raising capital for mobile home park investments
• Lessons learned from mobile home park deals that looked good on paper but failed in reality and in due diligence
• Managing park-owned mobile homes and ensuring reliable on-site managers
• The importance of having strong people on the ground and being on-site
• Navigating rent control and increasing regulatory pressures
• The mindset and work ethic required to succeed in the mobile home park industry
• Spicy lightning round: fun insights and quick takes on manufactured housing communities

About Leo Young

Leo Young is the co-founder of Cornell Communities and has been involved in over $50 million worth of real estate transactions. He previously served on the acquisition team of a $4.5 billion private equity fund. Before real estate, Leo was the #1 Regional Salesperson at Tesla, an experience that shaped his approach to operations, leadership, and scaling investments in mobile home parks.

About Andrew Keel
Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states.

Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes:

• Bringing in mobile homes to fill vacant lots.
• Implementing utility bill-back programs.
• Improving overall management and operating efficiencies in mobile home parks.

These strategies can significantly boost both asset value and net operating income. Learn more at keelteam.com

Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” — available on our website here: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/

Andrew has been featured on some of the top podcasts in the manufactured housing s...