Bringing Housing Communities To High-Cost Areas With Yoel Kelman

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Yoel Kelman is co-founder and Principal at Three Pillar Communities, a top 40 manufactured housing operator. Yoel grew up working on his grandfather's affordable housing rental units in Baltimore, MD, and for a long time never thought he'd go into real estate. Yoel studied accounting in college and got his CPA while working as a private equity financial consultant. Yoel got his MBA at MIT. During school, he launched a tech startup with a classmate called Ecovent. They sold the company in 2016. Yoel then partnered with his brother-in-law and business partner, Daniel Weisfield to start Three Pillar Communities in 2017. Over the past five years, they've built a >$350M portfolio of over 40 properties serving over 10,000 residents across 9 states.

[00:01 - 02:55] Opening Segment

• We welcome, Yoel Kelman!
• Coming from a mobile home park background

[02:56 - 25:04] Manufacturing Housing Communities Brings Affordability To High-Cost Areas

• Aligning your values with your business goals
• Buying mobile home parks in police and sheriff’s auctions
• Making adifference in the lives of their tenants
• Difficulties of evicting tenants who are not able to pay rent
• Buying a property and renovating a property to provide affordable housing

[25:05 - 32:58] THE FINAL FOUR

• What's the worst job that you ever had?
  • No jobs as an intern
• What's a book you've read that has given you a paradigm shift?
  • “Leadership and Self-deception” by Arbinger Institute
  • “The Longevity Book”
  • “How To Talk So Kids Will Listen & Listen So Kids Will Talk”
• What is a skill or talent that you would like to learn? 
• What does success mean to you?
  • Yoel Kelman says, “I'm proud of what I've achieved and I think that is a good metric for success.”

Connect with Yoel Kelman:

LinkedIn: Yoel Kelman

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Tweetable Quotes:

“We don't want to be the people who buy properties and crank rents the next day because we can. That's why manufactured housing has the reputation it does.” – Yoel Kelman

“If you're happy with where you're at, it doesn't mean you have to stop.” – Yoel Kelman

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