I shot this photo yesterday at our local Walmart down in Perryville, Missouri. I assume it’s the same nationwide. You have three vending machines that dispense three different product lines. And the middle machine – selling Pepsi products in plastic bottles – offers soft drinks for $2 while the other machines selling cans of Coke and generic brands are only $1. Clearly, there must be demand for the $2 Pepsi or Walmart would remove the machine. So how can Pepsi get $2 when Coke is only getting $1?

In 1958 when Marge didn’t get pregnant as hoped, I was drafted into the army, but got two breaks. I was sent to Alaska rather than Korea. That meant Marge could come up and live with me in Fairbanks if we could afford housing. We couldn’t. Apartment rent was so high there were more mobile homes per capita than anywhere.

If you’ve ever been to a “farmers’ market” you know that it offers superior selection and pricing to what you can get at the supermarket. And the mobile home park industry is like a giant “farmers’ market” in the way it’s structured and the opportunities that exist if you simply take advantage of the opportunity to shop there.

Whether you own a single mobile home park or a portfolio of properties, enhancing performance is essential for creating a welcoming environment and maximizing profitability. Recent technological advancements allow you to instantly pinpoint park inefficiencies and hold management accountable. This guide will provide an expanded perspective on how to leverage technology to swiftly optimize your mobile home park's performance.

Over the decades we have found holding conversations to be one of the most effective investigative tools. So often with Phase I Environmental Assessments, the critical information is not documented anywhere; rather, it is held in the memories of those familiar with the property. No database search, review of documents or site inspection will grant you access to this information. You only gain access by talking to people.

The story of Conrad Hilton, the founder of the Hilton Hotels chain, began with the modest Mobley Hotel in Cisco, Texas. Although the hotel was small and not very profitable, it set Hilton on the path to success. This story holds valuable lessons for those considering investing in small mobile home parks, as it highlights the importance of adapting one's business model to achieve greater success.

One often-overlooked aspect of mobile home park aesthetics is the presence of quality window coverings. The appearance of a property can be significantly impacted by the state of its windows, both in terms of the glass itself and the choice of coverings. This article will discuss the importance of selecting appropriate window treatments for mobile homes in a park setting, the benefits of doing so, and some practical solutions to ensure that your mobile home park maintains a cohesive and visually appealing appearance.

A CD pays 4% right now, but inflation is at 6.5% -- so that’s a guaranteed loser. The S&P 500 is down 6% over the past year, so if you add on inflation, you’re actually down over 12%. In times of high inflation the only thing that matters is how fast you can increase revenue and net operating income. It’s like a NASCAR race and all that matters is how fast your investment can go to outpace inflation.

Although economists are confused on the exact timing of the pending recession, there’s one thing they all agree about: the continued issue of U.S. inflation. Under Biden inflation has soared from around 2% to nearly 10% -- the highest increase in 40 years. And most are asserting that inflation cannot be tamed by the Fed’s action on raising interest rates over 4 points and will probably never be lower than 4% again. So what’s the true story about the impact of a permanent higher inflation level on mobile home park ownership?

America is in a real mess right now, and it’s only going to get worse. Virtually all U.S. economists predict a major recession in 2023. There are already many headlines about layoffs at places like Twitter and Facebook. However, mobile home park collections are still strong, demand for homes has never been higher, and defaults on mobile home mortgages are still at around 5% or less. So how come mobile home park residents don’t seem to be struggling while many other Americans are? The answer lies in the facts and figures regarding employment.

For over 40 years, Dollar Tree charged $1 for every item in the store. Whether it was a shirt, a toy, or a book, there was no price check needed because your tab would be exactly $1 per item. But recently, Dollar Tree raised that amount to $1.25 per item. Of all retailers, Dollar Tree is the most comparable to the mobile home park industry, as “trailer parks” have been offering ridiculously low prices for decades, and our customer base is very similar. So what’s the story on why Dollar Tree went to $1.25, how has that worked out, and what are the lessons learned for mobile home park lot rents?

Jerome Powell with the Federal Reserve has raised interest rates around 4 points in 2022 – the fastest such increase in 40 years. And, predictably, this is causing widespread disaster with the single-family home industry, which had experienced 14 straight years of world-record low home mortgages. So what’s the impact going to be on the mobile home park business when the single-family bubble bursts?

To build an additional stream of income – or entirely replace a day job – there are really only two options: 1) buy income properties or 2) buy a business or franchise. Of these two options, the income property route is far superior at this moment in U.S. history, and the mobile home park is the winning choice for an income property. So why is buying a mobile home park superior to buying a business or franchise? The reasons are numerous.

Nouriel Roubini is the New York University economist who rose to fame as the first to predict the 2007/2008 Great Recession and was given the name “Dr. Doom” for espousing what was considered then a heretical doomsday vision at a time when the U.S. economy appeared to be booming. Now “Dr. Doom” has issued his new predictions and we couldn’t agree with them more.

Jerome Powell at the Federal Reserve is in the process of raising interest rates farther and faster than America has seen in over 40 years. And the effect of these increases has resulted in a plunge in the stock market coupled with a great deal of uncertainty regarding commercial real estate. While some sectors of real estate are already going down – such as single-family homes – the impact on mobile home parks has been much lower. Why is that? Better ability to raise rents

You only have to go back to January 2021 to get a 30-year home mortgage of 2.74%. But with the advent of some of the dumbest governmental policies since Jimmy Carter the 30-year home mortgage has now broken the 6% barrier and is on the way to approaching 7%. While that’s historically about the norm (the 1972 mortgage rate was 7.28%) it’s going to be a huge shock to an America that has been enjoying quantitative easing and low rates since 2008. What will be the impact on this doubling of home mortgage rates for the mobile home park industry?

You’d never find it in a mainstream media outlet today, but there is still fair and balanced journalism to be found in places like Hazleton, Iowa, which recently published this story on the turn-around of a mobile home park. Here’s a quote from the story:

Most apartment tenants dream of lower rent payments and detest increases. The same is true of those who live in mobile homes. One big difference; apartment dwellers can more easily move while mobile home buyers own their home. That makes comparison difficult, so what determines “fair” park rent?

One of the strange media fixations on the mobile home park industry is that “mobile” homes are anything but mobile. Between the high cost to move a home ($5,000+) and the dangers involved (the home can fall to pieces in transport) it makes about as much sense to move a mobile home as it does a stick-built one. Yet the media frequently fakes moral outrage that these dwelling units can’t just be hitched to the back of your minivan and hauled down the highway like a U-haul trailer. Let’s analyze why this argument is so absurd.

In many parts of America, you’ll find mobile home parks located next to sewage treatment plants, cattle feed lots, airport runways and railroad yards. These can create massive noises and odors on a daily basis. So what is the impact of these on mobile home park success in both operations and valuation?

Vice Media recently released a video to its American audience, attempting to play on their woke sensibilities with the worn-out theme that mobile home parks are nothing more than rich landlords beating up on the poor. Instead, this misguided reporter and story probably built one of the best videos ever on the benefits of mobile home park investing. Here’s what the video basically tells the viewer.

Sure, the U.S. is now officially in a recession. And this one will be more serious than the 2020 Covid dress rehearsal. But mobile home park owners are not worried about the decline of the economy. It’s the same phenomenon that “dollar stores” are currently experiencing: in times of financial decline, more customers look for less expensive options. That’s why dollar store sales are up over 70% while every other form of retail is in total decline. So why do mobile home parks do better when times are bad?

Once upon a time, a mobile home dealer named Jim Clayton, frustrated by look-alike mobile homes, decided he could do better and opened a little factory to produce innovative mobile homes. Or tried to, before learning how difficult that task would prove to be. Clayton became very successful, but his homes look just like the competition. Innovation is hard.

Six years ago, the transmission went out in my aging GMC Yukon. It had about a billion miles on it and The Blue Book Value was around $2.75. It made no sense to fix it as it was not worth the cost. So I moved on and found another used GMC Yukon. After six hard years and multiple crossings of the continent, the head gasket blew on my second GMC Yukon.

Many Americans were surprised when it was announced that Mark Cuban’s crypto bet that he’d been hawking for months had collapsed. But the bigger question would tie to one of Mark Cuban’s recent quoteas to what makes an investment have inherent value: