Mobile Home Park Investing Articles

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The Problem With Low Rents

The media and many politicians are absolutely convinced that low rents are what the nation’s mobile home park residents need to have a happy and productive life. They share this belief because they have absolutely no idea how economics work or the damage their deranged attempts at manipulating markets has on their constituents. Indeed, low rents are the worst thing possible for residents in our nation’s mobile home parks. Why is that?

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How To Get "Organic" Move-Ins

Perhaps the best way to fill a vacant lot is with an existing homeowner. When someone moves their mobile home into your park that’s called an “organic move” – and it can be a win/win for everyone if properly handled. So what do you need to know about how to properly make organic moves happen?

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Another Reason That Modern Lot Rents Are Unsustainably Low

“How to Build and Operate a Mobile Home Park” was written by L.C. Michelon, the Director of Management Services for the School of Business at the University of Chicago, in 1955. In the book you will find this paragraph: “Much of your income will come from services other than from space rentals. In a mobile home park these include the laundry, the store, the gas station, mobile home services and sales, the bottled-gas franchise, the storing of mobile homes, the hauling of mobile homes short distances, telephone calls, and so on” [from Chapter 14 “Increasing Net Income” page 115]

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What Effect Will The Next Recession Have On Mobile Home Parks?

Many economists predict the next U.S. recession to begin in 2021. Even if that date is incorrect, it’s a certainty that there will be another recession in the near future. It’s been 12 years since the Great Recession and economic cycles are a part of American (and world) history. So what will be the impact of the next recession on the mobile home park industry?

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Are You Ready For The "Silver Tsunami"?

“Baby Boomers” are the generational term for those born between 1946 and 1964 – one of the largest population segments in the U.S. The impact of the Baby Boomers has been felt throughout the American economy for decades, propelling any item that was in demand to this group to record-setting levels of sales and usage. And the aging of the Baby Boomers is about to result in what is now called the “Silver Tsunami” in single-family housing. Here’s an interesting article to read [INSERT LINK HERE]

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Experimenting With Road Surfaces And Parking Pads

A road is just a road, right? Wrong. The type of road surface you use in your property will influence a number of factors including potentially the cap rate, lender interest, future buyer interest and customer satisfaction. It’s important that every park owner match the type of road to their goals and budgets, and the universe of options is growing as new types of road construction are tested. So what are the considerations?

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Piers, Slabs Or Runners - Which One To Choose?

Vacant lot preparation is a big deal when filling vacant lots – it can cost as much as 1/3 of the total home in some states. HUD controls the lot preparation requirements in some markets and, while the purpose is to minimize home movement from frost heave, the reality is that it’s a terrible financial burden for the homeowner and a pain in the neck for park owners to perform. But if you have to do expensive lot preparation, what are the options and which should you choose?

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Good Resources For Mobile Home Park Questions

For many years, the mobile home park industry had no available information except for a few ancient books like the 1955 “How to Build and Operate a Mobile Home Park” by L.C. Michelon. It was a lonely existence for park owners with nobody to bounce ideas off of or to share experiences. And that’s as recently as the 1990s. Today things have changed. So where can you go to get answers to your mobile home park questions?

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Replacing Utility Systems: A Primer

One of the key requirements of owning mobile home parks is to provide working utilities. But in many older mom and pop parks there may be problems with old lines that have been denied proper maintenance for decades. Here are some things to think about when it comes to the issue of replacing a utility system.

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Why Texas Is Such A Great State For Mobile Home Parks

Texas has been an important part of our mobile home park past. We have owned mobile home parks in Texas for over 25 years – it’s an extremely vital part of our strategy to look at every deal that comes up in Texas that meets our criteria. So do many other investor groups. So why is Texas such as great state for mobile home parks?

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The 7 Habits Of Highly Successful Park Buyers

In the same theme as the bestseller “The 7 Habits of Highly Successful People” we would like to present our list of the habits of successful mobile home community buyers, along with thoughts on how to create these attributes and what the impact will be.

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Why Every Resident Should Have A Pathway To Ownership

There are two types of inhabitants of mobile homes: owners and renters. One has a capital investment in the home and the other does not. We feel strongly that every resident in the mobile home park should have the opportunity to be an owner if they so choose. Why is that?

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Mobile Home Park Cable Bundling: A Primer

In the quest to create win/win opportunities with community residents, one that has become particularly appealing is called “cable bundling”. It allows you to offer the resident internet, telephone and cable TV inclusive in their monthly rent, at an incredibly low price. So what is “cable bundling” all about and how can it benefit your customers?

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All About Skirting

A part of every mobile home is that material that visually connects the mobile home with the ground, and that material is called “skirting”. It’s a unique feature of the mobile home product, and no other form of housing shares this one trait. Sometimes made fun of as part of the park stereotype, it serves a useful purpose and every park owner needs to know it A to Z.

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Why BestPlaces.Net Doesn’t Always Get It Right

We have always found www.BestPlaces.net as a terrific resource for market data. It’s accurate, based on government findings, and clearly presented. However, there are some issues with their data that are not their fault but rather the byproduct of macro issues in certain cities. And these potential problems need to be discussed as they often paint an inaccurate picture of certain markets.

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The Future Of The Industry: HD Subdivisions

We’ve never been big fans of many of the names for what we do: “trailer park”, “mobile home park” or “manufactured home community”. The reason? It focuses on the home and not our business model. So we would like to make the following suggestion for a new name for our industry: “HD Subdivisions” which stand for “High Density Subdivisions”. Because that’s where this industry is heading over the next century – potentially away from “mobile homes” as we know them today and potentially into another product such as tiny homes or even something yet to be engineered. We do not think it makes sense to limit what we do as landowners in providing the best in affordable housing.

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Why Are Mobile Home Sales And Deliveries Continuing To Increase?

Here’s a common sight in much of America – becoming more common every day. It’s the transport of a new mobile home from the factory to its new geography inside a mobile home park or on raw land. The sales of new mobile homes are increasing virtually every month, and have grown nearly 100% from their all-time lows about a decade ago. But what is fueling this trend?

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Mobile Home Park Fake News?

Many Americans have seen the movie “8-Mile” which is an autobiographical account of Eminem, the rap star. Much of the film takes place in the “8-Mile” mobile home park, which is depicted as a horrible dump that is infested with drugs, alcohol and hookers. The film performed well for the producers, grossing nearly $120 million worldwide. But it wasn’t exactly truthful. Here’s a photo of the real “8-Mile” mobile home park, also known as “A&L”.

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7 Steps To Convince Almost Any Mobile Home Park Owner To Sell To You!

So you’ve found a great mobile home park that has a desirable location, solid infrastructure, and a lot of upside opportunity in raising rents and filling lots. How do you convince the seller to give you the opportunity to buy it? There are seven key elements to consider in your discussions with the seller.

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How The Tiny Home Movement Fits Into The Mobile Home Park Industry

After decades of Americans seeking to live in as large a home as they can possibly get financed, which culminated in the Great Recession of 2007, housing tastes have changed dramatically over the past decade. Many Americans are now striving to live in as small a space as possible, with the resulting tiny cost of doing so. This movement is collectively known as “tiny homes” and the strength of this demand has resulted in no fewer than five television shows based on “tiny homes”, such as Tiny House Nation and Tiny House Hunters. So how will this impact the mobile home park industry?

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Why You Can Effectively Manage A Mobile Home Park Investment From 2,000 Miles Away

Some things require the owner to be there 16 hours a day to succeed, such as a restaurant. Others mandate that the owner be there 8 hours per day, such as a law firm. But in the world of real estate, no sector requires less time on the part of the owner than the mobile home park. Why is that? There are several reasons.

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Why The Brexit Vote Is Good For The Mobile Home Park Industry

The U.K. has voted to exit the E.U. That’s a lot of initials. But there’s one more: that’s “O.K.” with mobile home park owners. Indeed, Brexit is a great thing for the mobile home park industry, which makes big gains as a result, with virtually no downside. So if Brexit is thought to be the beginning of the end of the free world – and the stock market is certainly demonstrating that today – then why are mobile home park owners smiling?

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What If My Mobile Home Park Is The Next Flint, Michigan?

If you follow any mainstream news or social media, you have likely seen or heard about the recent Flint, Michigan water contamination crisis. Essentially what is going on is the City of Flint, Michigan, as a cost saving measure, switched their water supply from Lake Huron to the Flint River nearly two years ago. Unfortunately, the Flint River water was more corrosive than the Lake Huron water and caused the metal and lead water pipes to break down. The lead and other contaminants in the pipes then leached into the water stream. Long story short, toxic levels of lead have been found in the City water supply, and residents are alleging they are sick as a result. The City faces class-action lawsuits, fines, and the onslaught of national media coverage. Spoiler alert, there is such thing as bad press.

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Why Mobile Home University Is The Only Mobile Home Park Academy You Need

The Mobile Home Park Investor’s Boot Camp from www.MHU.com is the #1 class and resource for learning how to identify, evaluate, negotiate, perform due diligence on, renegotiate, finance, turn-around and operate mobile home parks in the U.S. This Boot Camp has trained virtually every major buyer of mobile home parks in America, as well as the heirs to the largest portfolios in the U.S. One group that attended the Boot Camp was the New York Times that declared that “…the people involved with Mobile Home U may represent the best thing going in affordable housing at a time when the nation’s need for low-cost places to live has never been greater.”

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The Article “Think Twice Before Downsizing To A Mobile Home In Retirement” Is Filled With Inaccuracies And Just Plain Bad Journalism

Roughly 10,000 Baby Boomers per day are entering retirement currently, and many of these are considering downsizing their housing needs and costs as a part of their overall retirement plan. Unfortunately, some may miss an important option to downsize into a manufactured home. While it’s not the correct decision for everyone, there are those who can’t properly analyze the opportunity due to ignorance of the facts. And that’s the case for the Yahoo Finance writer who wrote “Think Twice Before Downsizing to a Mobile Home in Retirement”.

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