Meet Brad Rymer, the Fund Co-Manager and CFO/CIO with a track record of success in leading financial operations for top-tier companies. With extensive experience in managing multi-million dollar portfolios, Brad is the Founder and President of Cloverleaf Capital Group, specializing in MHC-focused acquisition and financing consultancy. During his tenure as CFO, Brad oversaw asset operations and directed financial activity for 16 private funds, attracting over 1,500 investors. Additionally, he served as Business Intelligence Officer during a transitional capitalization with a leading international private equity firm. Over 25 years, Brad has played a pivotal role in structuring investment funding across various real estate sectors, from acquisitions to joint ventures, demonstrating his expertise and leadership in the industry.
Episode Highlights Here:
Brett
Tom, what’s the number one secret to successful mobile home park investing.
Tom
Finding the right parks, ones that have high opportunity with low entry costs. With a minimal where we try, we plan on putting 10% of what we buy the park for into capital expenditures to bring the park up to its potential full potential. But the key there is keeping your costs under control. Passing on expenses that shouldn’t be paid by the park that should be paid by the residents. And being a good landowner, be a good landlord, take good care of our people. Give them give them what they need, and provide the services that they require to have a nice lifestyle in a manufactured housing community.
Brett
Awesome. So finding the right parks, right, keep the costs under control, pass the expenses on to the tennis that they should be paying. In other words, running a smooth, efficient operation as well became a great allanne Lord Brad Rhymer what would you add to that or even just exemplify for our listeners?
Brad
Yeah, I think, yeah, of course. Yeah. I think Tom had all the specific points. You want to be efficient manager, you want to be efficient owner, you can spot certain things where to create efficiencies in the expenses that most people cannot. And most investors in mobile home communities are still oblivious to what you can do to make this happen. It’s not about raising the rental rates for the tenants to remove it from being affordable. It’s about creating more efficiencies and being an effective manager.
Brett
Yeah, okay. So it sounds like it’s, it’s, it’s looking for inefficiencies, and being a great manager, not necessarily just raising the rates and making it less affordable for the community. So let’s dive into maybe a couple of those secrets. But what would you say the best way you found to do that?
Brad
is, okay, well, I mean, number one thing, you know, number one thing is, is Tom and I have worked together for a couple years now, almost now, it’s almost five years now, Tom, if you can’t recall, but the first time Tom reached out to me, yeah, he, I came in as a consultant and working with finance, but the most effective efficiencies that you can work on are your biggest expenses. I find those number ones he control, right? Can you control taxes through appeals? Yes, insurance by basting appeals as well. But the number one thing is utilities, you have four big expenses, the number one that you control is utilities. Where are where are your, your biggest inefficiencies. And that number one is to leaks because you’re working with 80s and 90s. Construction, you’ve isolating and creating efficiencies in the leaks themselves and the infrastructure. Second thing is you beyond work with the cities work with the municipalities to get some good backs and grants and and overall infrastructure gains.
Brett
Excellent. So efficiency, hose water and leaks, and then working with with the cities to see if you there’s any rebates or anything else to do. I mean, I guess it could be energy or green initiatives, right? Maybe it’s lighting. Maybe it’s how you’re using your water or they can’t make it maybe maybe I don’t California, they are really big on on making more efficient landscaping, right. So it takes the less burden they give you that kind of thing. Right? So what you’re saying,
Brad
yes, you’re like zero escaping yesterday, definitely down in the southwest territories. With the new efficiencies created with LEDs and solar technology. You no longer have to tap into the city or use your own energy to create street lighting you do through Silla lighting. As a great example. Yeah,
Brett
that’s great. Tom, anything else to add as far as like efficiencies or ways to manage mobile home parks well to be able to maximize investment and also provide a great housing environment for the tenants?
Tom
Well, the key is keeping your managers that you have running the parks for you involved. Have them work with the tenants. If you have somebody that’s not keeping their property in good shape, have them work with them, make sure they understand what they’re required to do. And in cases where, again, you’re dealing with the low income or marginal income individuals or fixed budget individuals that double up and have lots of excess cash. So you try to help them fix up their homes, keep them looking nice. We even have plans for a pound datian That’s going to help some of our people in parks come in work with other local civic organizations to come in and buy the materials necessary to fix their homes have the said the other civic groups work with us to provide the manpower to go in and help these individuals get their homes looking nice and increase the efficiency of the park.
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About Brad Rymer
The Fund Co-Manager, and Chief Financial Officer / Chief Investment Officer (CFO/CIO) brings prior experience within the same roles for a top 25% Inc. 5000 company and top 5 largest MHC portfolios in the US. Brad currently is the Founder and President of Cloverleaf Capital Group; an MHC focused acquisition and financing consultancy. In his former CFO role, Mr. Rymer helped direct asset operations’ financial and accounting activity, capitalized by 16 private funds embodying over 1,500 investors. Alongside the CFO role, he served as the company’s Business Intelligence Officer in 2018 throughout the transitional capitalization with a Top 20 PEI 300, International Private-Equity firm.
Over the past 25 years, Mr. Rymer has successfully been a driver in a myriad of investment funding structures spanning all commercial real estate classes ranging from acquisitions, refinancings, developments, joint venture partnerships, and other strategic capital structures.
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