40 Mobile Home Parks & 2.8K Doors Later, This Asset Prints Cash!⎜Ben Schuster & Blake Comfort E488

The Rich Somers Report

Rich Somers

Investing, Business

5.0 • 1K Ratings

🗓️ 14 April 2026

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rich sits down with Blake Comfort and Ben Schuster — the duo behind Comfort Capital — to break down why mobile home parks might be the most overlooked and recession-resilient asset class in real estate right now. They dig into why there are only 45,000 manufactured housing communities in the entire US and virtually no new ones being built, how their expense ratios crush multifamily at 20-30% vs 50-60%, why resident turnover is just 2-5% compared to 40-50% in apartments, and how they've raise...

Transcript

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0:00.0	If I'm buying a stabilized deal and market rents are right there, like, where do you forecast rents to go in the future if there's a lot of affordable options? Plus, if you have turnover, it's harder than sell the homes, right? So you really want it to wear like, that's why San Diego you brought it up. That's why houses trade at $300,000, but it's $100,000, $70,000 home, used home, and the lot rents are $2,000 a piece.
0:23.5	It's because the affordability here is so low and people get pushed towards that to that option.
0:31.1	And so that's where we like to play in.
0:32.7	And it's more competitive.
0:33.7	It's harder to do, but that's where the institutions, that's kind of where the more
0:36.5	professional type operators are focusing on.
0:40.3	Welcome to the Rich Strummers Report where we talk real estate, business, and wealth building, all while keeping it real.
0:46.3	No fluff, no BS. I hope that you enjoy the show.
1:01.7	All right guys, today I got a couple studs at the mobile home park space doing big themes and building a very size of portfolio.
1:04.9	And with a lot of game today in the mobile room park industry, I got Lake Comfort and Ben Shuscher a comfort caper. What's up, Jimmo? Hey, thanks for having us. I'd be here. Yeah, man. Appreciate you guys. Jump on in, man. You guys are the first guest I've ever had on almost 500 episodes now that are in the mobile home park space. A lot to cover here. I'm very excited. So first things first, man, let's jump into it.
1:29.2	Why mobile home parks?
1:30.7	So mobile home parks, we got into this in 2009, kind of off the tail end of the recession,
1:35.2	and we wanted a really good, resilient cash flow stream.
1:39.0	We looked at multi, and then through our research and figuring out going to these kind of
1:43.6	seminars, how to put deals together,
1:45.4	we bumped into the niche of mobile home parks and we just fell in love with it.
1:49.7	It's affordable housing.
1:51.4	It's typically the most affordable in a given market and it's ungovernment subsidized.
1:56.0	So it's just regular, clean, multifamily, but with mobile homes, trailers. And trailers and you know I think a lot
2:02.6	people stick by around mobile home parks right and you know the local municipalities
2:08.6	and a lot of like local cities don't want these mobile home parts that's hard to build
2:12.5	them I believe but you guys are actually taking advantage of that right well so
	...

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