Mobile Home Park Investing Articles

Mobile Home Park Investing Audios / Mobile Home Park Investing Videos



Three Huge Reasons That Mobile Home Parks Will Outperform All Other Real Estate Sectors In The Years Ahead – And Ones That Nobody Talks About

Mobile home parks have outperformed virtually all other sectors of real estate in recent years. But that’s only about to accelerate. The net effect of the new America – created by the impact from the pandemic, urban unrest, and the Biden administration – is about to create an environment in which all other sectors of American real estate take a beating and mobile home park revenues and values soar.

Read More

Why Do Mobile Home Park Managers Fail And How Can You Minimize The Risks?

No mobile home park can be successful without a competent manager. A manager serves as your eyes and ears in the field, as well as your problem-solver, ambassador and mayor all rolled into one. Since the manager is such an essential role, every community owner should focus on what can go wrong and how to mitigate that risk.

Read More

When A Master Lease With Option Is – And Is Not – A Good Solution

There’s a unique strategy that has been used to construct clever mobile home park deals over the decades, but it rarely gets much notoriety. The name of this strategy is a “master lease with option” and it can be a win/win for many situations – as well as the worst idea ever in other circumstances. So what is a “master lease with option”, how does it work, and when is it a good or bad idea?

Read More

Learning From Unhappy Customers

Bill Gates once said “your most unhappy customers are your greatest sense of learning”. It’s an unusual adage from someone who held a virtual monopoly over the personal computer for decades, but this mantra is true for all industries. So what can you learn from unhappy customers, and how can you make them happy again?

Read More

"In Alabama, The Tuscaloosa" - Groucho Marx, 1930

Much of the Southeastern U.S. has not been taken seriously by mobile home park buyers – or commercial real estate investors, in general – for decades. Even Groucho Marx made jokes about the region in 1930. But all that is changing now.

Read More

Think Twice Before Diving Into That Mobile Home Park

Buying a mobile home park is a lot like diving into that lake: it seems like there is no risk. After all they are not like factories, gas stations or urban tracts. The environmental risk is not obvious.

Read More

The Tale Of This Florida City Mobile Home Park Is Becoming A Common One

It’s becoming pretty common for mobile home parks to be torn down to make way for a new and more profitable use. But this story is different, because the owner of the property it the city itself, not your typical park owner. So how did this 15-acre mobile home park meet its fate? And what are the lessons learned for all of those out there that complain about higher mobile home park lot rents?

Read More

The Many Mobile Home Park Paths To Zero Down

There is no better feeling on earth than when you own a mobile home park and you have absolutely no money into it. Not only do you have no worries (assuming your debt is non-recourse) but your rate of return is infinite (since it’s based on your down-payment and you have none). You can literally own an empire of mobile home parks and have zero money at risk. So if zero-down is living the dream, how do you accomplish it?

Read More

How We Sold 11 Homes On The First Business Day Of 2021

Selling 11 homes on the first business day of 2021 is quite an accomplishment. But many park owners are similarly having the highest level of demand in industry history. And we didn’t get those 11 sold in just one “hot” property but spread out about evenly across five states: Texas, Indiana, Illinois, Wisconsin and Kansas. So what’s with all the demand out there for mobile homes?

Read More

If You Thought 2020 Was Bad – It’s Only Going To Get Worse In 2021

Prior to the pandemic, most economists predicted the next U.S. recession would begin in 2021. However, they still do. Effectively, the Covid-19 outbreak was simply a prelude to a larger economic event, which historically always falls immediately following the U.S. Presidential election. In this case it’s all about the final reckoning of the debt of those businesses that failed (hotels, restaurants, retail stores, etc.) coupled with displacement of workers in non-essential industries and state/cityfiscal calamity as the result of plummeting tax income. The bottom line is that if you think it’s all upside in 2021, you’re not aligned with economic models and probability, nor are you being realistic. Talk is cheap – and we heard a good bit of it during the election – but the fact is that America is well positioned to go further down the tubes in 2021 and with perhaps greater acceleration.

Read More

Remembering Tony Hsieh For Being A Trailer Park Pioneer

Tony Hsieh is known for being the founder of Zappos, as well as personally funding the renaissance of portions of Las Vegas. But I will remember Tony for a different reason, and one that has received zero media attention. As a trailer park pioneer.

Read More

Mobile Home Parks And Inflation: A Love Story

“Inflation” is defined on Wikipedia as “a general increase in prices and fall in the purchasing value of money”. In mobile home parks it has a different definition: “the ability to raise rents and produce higher values while being fully protected from economic danger”. In a nutshell, inflation is a friend to mobile home parks. Why?

Read More

Blackstone Affirms The Brilliance Of The Mobile Home Park Business Model

Blackstone – one of America’s largest private equity groups – has announced that they are buying around 40 properties from Summit Communities, expanding their foot print in Florida and Arizona and significantly increasing their mobile home park holdings https://www.cpexecutive.com/post/blackstone-to-buy-550m-mhc-portfolio/. In so doing, they are continuing the love affair that institutional investors are having with the mobile home park industry and its brilliant business model. Why have they become big fans?

Read More

Even Though The Election Is Not Yet Over: Either Way The Big Winner Is Affordable Housing

In every election there is a winner and a loser. But with affordable housing, the outcome of every election is the same: the demand for affordable housing goes up and nobody does anything about it. As a result, the mobile home park business always does well as the sole provider of quality affordable housing in the U.S. Why does it always turn out this way?

Read More

Why Mobile Home Parks May Be The Greatest Development Sites In Any City

We always think of mobile home parks as being great income properties – but what about the land underneath? Surprisingly, mobile home parks may be the most valuable development site in any city. And it’s been proven over and over again. Why is that?

Read More

Understanding Mobile Home Park Property Taxes

Values of mobile home parks have been skyrocketing over the past decade. At the same time, so have municipal government deficits. Where these two lines intersect is with property tax, and that’s why this is an important item for all park owners and buyers to understand. So how can you take control of your property tax costs?

Read More

Preparing For Winter At Your Mobile Home Park

The approach of winter often brings forth mental images of the holiday season. But for mobile home park owners, it also brings forth other items: some dreaded and some good news. Here are the winners and losers of winter as far as community owners are concerned, and how to mitigate these issues before the snow starts falling and the temperature dips below freezing.

Read More

Why Are Mobile Home Park Seller’s Expense Ratios Frequently Too Low?

There are few things more predictable in life than the seller’s expense numbers being lower than they should be in reality. While mobile home park buyers know that the typical operating expense ratio runs 30% to 40%, there’s no question that those seller numbers reflecting 15% to 20% are not accurate. So what’s typically missing in the seller’s numbers?

Read More

Over A $1M/Year With One Mobile Home Park

Let’s first clarify – we’re talking a million in value, not in cash out. But we’re still talking an increase in value of over $1 million in one year. That’s a huge number in any business, but not that uncommon in the mobile home park industry. How is this possible? Let’s examine what community operators can do to increase value, and model out how much value they can tap.

Read More

The CDC Makes Mobile Home Park Owners Glad They Don’t Own Apartments

The Centers for Disease Control and Prevention (CDC) has issued an order temporarily halting residential evictions for failure to pay rent until December 31, 2020 if the resident provides the “declaration” that they meet certain criteria. This misguided concept is re-writing eviction laws once again and causing mobile home park owners to thank heaven that they are not apartment owners. So why will mobile home park owners fare better than apartment owners in this latest restriction in making some tenants pay rent?

Read More

The Problem With Sheds

Webster’s Dictionary defines a “shed” as “a structure built to shelter something” but in many mobile home parks it’s more like “the ugliest thing on the property”. Why are sheds such a problem and how can a park owner turn the situation around?

Read More

Mobile Home Park Fencing Options: Their Strengths And Weaknesses

Bing Crosby once sang “Don’t Fence Me In” but his song did not apparently reflect the desires of many mobile home park residents. Indeed, fencing inside mobile home parks is a standard feature, despite the fact that mobile home park lots do not have technical boundaries. Yet many resident fencing choices and maintenance will not work with you desire to make the property desirable (such as the one shown above). So how can you make the best of the residents’ innate desire to mark and secure their property with a fence?

Read More

All About Office Hours

Most mobile home parks have some form of office – whether it’s a free-standing building or inside the manager’s home. And it’s pretty standard practice to set office hours so residents know when they can and can’t come by to pay rent, look at homes, or discuss problems. So how do you set effective office hours?

Read More

Why Sam Zell Is Considered A "Gravedancer" -- And Why That's A Good Investment Strategy

Sam Zell is the largest owner of mobile home parks in the U.S. He’s also been the largest owner of apartments and office buildings. But regardless of the sector, his strategy has always remained to buy assets that are near death and then bring them back to life. Why has this strategy worked so well?

Read More

Common Issues That Happen To Homes In Transport - And What To Do

Mobile homes are an engineering marvel: they are the only form of housing that can go down the highway at 55 miles-per-hour. But even though they have this unique skill, transporting a 15,000 pound object down the interstate can frequently cause minor damage to the home by the time of its arrival. What do you need to know when you order a new home to be delivered at your property?

Read More