Amanda Cruise and Ash Patel interview Leo Young, who shares how he scaled to 500+ mobile home park units while navigating increasing competition and regulatory pressure. He explains his strategy of improving communities, raising rents toward market, and shifting from quick exits to longer-term holds through refinancing to maximize investor returns. The conversation highlights how operators are being squeezed by both institutional capital and new investors entering the space, making deal flow harder to find.

Leo also breaks down the realities of managing across multiple states, emphasizing geographic diversification to hedge against evolving regulations such as rent control. He discusses expanding into RV parks, the operational differences compared to mobile home parks, and why operator execution matters more than asset class. Throughout, he stresses disciplined underwriting, strong systems, and building the right team as the key to long-term success in a tightening market.

Leo Young

Current role: Managing Partner at Cornell Communities

Based in: New York, New York

Where to find them:

https://www.youtube.com/c/LeoYoungRealEstate

https://www.linkedin.com/in/leo-young/

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Podcast production done by⁠ ⁠Outlier Audio⁠

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