In episode #22, We welcome Adrian Smude with Lifestyle Real Estate Investing who retired at age 29 by finding his niche within a niche.
Learn about not just mobile home investing, but the niche’s that exist within this space. Discover what niche Adrian picked and why, and how it’s helped him create an investment business that runs, instead of running an investment business.
Time-Stamped Show Notes:
[00:01] Introduction
[01:08] Adrian’s background & story
[03:05] Why Adrian picked mobile home investing
[03:31] The niche’s within mobile home investments
[05:06] Why Adrian picked his niche
[06:49] The geographical structure and scale Adrian uses and why
[09:49] How Adrian advertises his vacancies
[11:17] What steps to take first (acquire land, acquire a mobile home…)
[13:23] How did Adrian find this niche suited him
[14:50] Adrian’s ideal exit strategy
[16:45] The rent-to-own structure
[18:02] How property management is structured in this niche
[19:51] Adrian’s strict tenant vetting process that’s made his investment life easier
[23:38] Having processes that protect you in court
[24:30] Adrian’s worst experience in mobile homes
[27:18] The 2 most important rules Adrian has for his tenants
[28:19] What Adrian would do if he started all over again
[30:29] The first steps to take if you want to build a lifestyle like Adrian’s
[32:10] Adrian’s courses & seminars available for you to attend
[33:20] Adrian’s book, coming soon!
Connect With Adrian:
adriansmude@lifestyle-rei.com
lifestyle-rei.com