The new owner also replaced sewer lines and hauled out unfixable trailers.

Another case of the “evil corporate landlord” ruining the quality of life for residents, right? Clearly, corporate owners are the ones that are putting millions of dollars annually into bringing old parks back to life. Nobody else is doing so. But all corporate owners typically get are insults. At least this writer was honest about the good work the new landlord was performing.

Take a look at the photos, take a look at the price, and then feel good that you don’t live in California.

Lil’ Abner Mobile Home Park is being torn down to make way for a giant apartment complex. Once again, the lot rents were not high enough to make the land more compelling to remain as a mobile home park. It’s the same old story we cover week after week. Mobile home parks make perfect spots for a large number of uses and apartments are hard to beat since they can be stacked two or three high and mobile homes can’t.

But there’s another part of the Lil’ Abner story that is also worthy of discussion:

“We were planning on moving it, but it would have taken too long and it was costing us around $32,000”

Federal, state and city bureaucracy is a big reason that mobile homes are anything but “mobile”. The media always wants to blame it on park owners, but they have nothing to do with the simple cost and process of moving mobile homes. In HUD states the cost of moving is doubled or tripled because they require concrete pads, piers or runners to be built under the home, with no appreciable value for the customer to do so. In Texas, for example, they require no such concrete structures and everything works fine.

The bills have been motivated by fears around out-of-state corporate buyers purchasing Maine mobile home parks and increasing lot rents, placing vulnerable tenants at risk of eviction. Rep. Golek said her bill would exempt resident-owned communities from the rent hikes.

You have to hand it to the folks that promote the “tenant-owned community” model. They have somehow brainwashed otherwise intelligent adults like Representative Golek into believing that corporate owners are “evil” and charge higher rents than the tenants would have to, which is clearly false based on simple common sense. Unless someone can show me how the tenants with the same mortgage and costs can charge a lower rent than a professional owner, then I’m going to continue to point out this falsehood in perpetuity. Just last week, a resident-owned community admitted they had to raise the rent over $100 per month MORE than the corporate owner had proposed. Stop lying to people!

Those who support the bill claim that rent increases in spaces like RV parks are unethical and driving people into homelessness.

Warning: idiot zombies have apparently taken over the Oregon state government. Remember that Oregon already HAS rent control – but now they want to reduce the amount that park owners can charge even farther because CPI is just evil, don’t you know. How stupid do you have to be to say something like “raising RV rent is unethical”? If this bill passes I guarantee you that a ton of mobile home parks in Oregon close and get redeveloped into more profitable uses and nobody could possibly blame them.

In a split 4-3 vote, the City Council approved limiting rent increases to 60% of the Consumer Price Index, with a 0% floor and 3% ceiling, at their meeting on Jan. 28.

Looks like the City Council of Mountainview is moving one step closer to shutting down every mobile home park in town for new redevelopment into apartments. Is that their secret goal? Must be. No way they could be this stupid otherwise, right?

Another overall positive commentary on the industry, but from the perspective of weather events and calling for greater federal/state/city support of mobile home parks.

Another positive industry article – and from Vermont, no less. What would Bernie Sanders say (particularly if you didn’t pay him to say it)?

BRADENTON BEACH – In a Jan. 27 letter to the Pines Trailer Park Homeowners Association (HOA), Pines Park Investors LLC offered to sell the mobile home park to the residents for $75 million. At that price, each of the 86 mobile homeowners would be responsible for $872,093.02.

To make this mobile home park worth $872,093 per lot, at a 6% cap rate, would require a monthly lot rent of around $8,000 per month. That’s probably not going to work. Some mobile home parks can’t make sense continuing in that capacity regardless of how high you raise the lot rent.

Mellissa Finch, who inherited the park after her mother’s passing in 2024, said the reason for the rent increase is property taxes have been raised from $4,400 to $37,000 and insurance prices have risen.

Oh, I see how it is. The property taxes go up by 1,000% and the park owner is just supposed to shrug that off. Instead of complaining to the park owner, why not complain to the tax assessor.

As for the potential for homelessness here, it’s not the lot rent increasing that’s the risk, it’s probably going to be Ms. Finch realizing how much more this parcel is worth in a different use. That’s going to come to her soon enough as the tenants deliberately create so much mental anxiety that there will soon come an offer from a developer and she’ll quickly agree.

Residents were ordered to leave the mobile home park in Sweetwater, Florida, when its management company, CREI Holdings, announced plans to redevelop the site into government-subsidized affordable housing, displacing nearly 6,000 residents across 900 homes. Notices were issued in October 2024, giving residents until May 19 to make alternative living arrangements, a move many residents and legal experts argue violates Florida’s landlord-tenant statutes. 

Yes, even non-profits have figured out that mobile home parks make for GREAT redevelopment parcels. Once again, these 6,000 residents could have been saved from all of this if the lot rents had been high enough to make it the best use of the land. They failed.

This article is wrong on so many counts:

• The false assertion that lot rent of $1,000 per month in Albuquerque is “horribly high” when the average apartment rent in Albuquerque is $1,708 per month and the average single-family home is priced at $308,000. When mobile home park lot rents are 40% lower than apartments and 80% less than the single-family home mortgage and taxes, it would seem to me that mobile home park lot rents are actually very low NOT high.
• The false claim that corporate owners somehow lead to lower property condition when, in fact, they are well-known to inject million of dollars into large properties, such as this one, to bring infrastructure and cosmetics back to life – something that former mom and pop owners often let deteriorate over the decades and have no money to fix.
• The false concept that residents are having to cut back on prescription drugs and food solely as a result of higher mobile home park lot rents. As you may be aware, while all prices in the U.S. rose roughly 20% during the disastrous Biden administration, food alone is the fastest inflating commodity. On top of that, housing is only the fifth largest cost for Americans, eclipsed by health insurance, childcare, transportation and taxation. Those have risen faster than mobile home park lot rents and it’s beyond ridiculous to pretend that somehow only the mobile home park lot rent is the culprit of people being broke.
• The false narrative that somehow tenants could buy parks and lower the lot rents. Since the bulk of the cost would be to service the debt – at the exact same price as a corporate owner – plus utilities, insurance, property taxes and repairs that would all be the same regardless of ownership, the truth is that tenants pay the exact same amount no matter who the buyer is.

While the writer of this article may think that you are dumb enough that they can convince you that 2+2 = 5, hopefully they failed.

What are they smoking at Sedona city hall? The state has a law that says that mobile home parks allow short term rentals. The City of Sedona apparently doesn’t care what the law says. So they found some woke judge that hates the Republican-led state fathers so much that they will rule against anything they say. Now it gets appealed and the judge’s ruling gets tossed. What a waste of taxpayer funds. Pitiful.

A concept plan by WithersRavenel dated Oct. 2 showed 90 townhomes and 328 multi-family units on 27 acres at 607 Cedar St., which is the mobile home park’s address.

Clearly, being able to replace around 270 mobile home park lots that rent for $400 per month with 90 townhomes and 328 apartments that will rent for around $2,000 per month is a no-brainer financially. And this is the story for most of the mobile home parks in the U.S. in the years ahead. As I’ve been writing about for years now, mobile home parks make ideal redevelopment parcels as they have 1) great locations 2) great road frontage 3) access to all utilities 4) the correct acreage size and 5) the city is willing to give out whatever permits you need to get the park torn down. The sooner that people understand this, the better. Owners are not stuck with mobile home parks as their only option, and only higher lot rents will fend off the wrecking ball. In this case, the lot rents simply weren’t high enough.

The cooperative did have to increase some land rents to have enough revenue to pay off interest from its loans, said David Stouder, who serves as the board’s operation manager. Land rents, which formerly ranged somewhere between $780 and $995 per month, will now be $960 per month for all residents, he said.

So the residents had to raise the rent – on day one – from $780 to $960 per month? That’s compared to the $50 or so raise the corporate owner was proposing. Yeah, that’s a pretty big success … having the rent go up nearly $200 per month right out of the chute. It’s bizarre that they aren’t embarrassed to tell this tale.

But that’s not nearly embarrassing enough. Up to bat next will come the park falling apart as the tenant managers will fail to collect rent or enforce rules on their friends as well as never being able to raise additional capital to make repairs. Maybe these folks haven’t head about the other great tenant buyout of the Sans Souci Park, also in Colorado. Read this article when you have a chance.

“We evaluate special-use permits, if they are allowable by the town,” Borisenok told the audience, some of whom tried to shout him down calling him a “coward” and a “liar.” “We do subdivisions, site plan approval. That’s what we do here.”

Yes, and another park bites the dust. Is anyone paying attention here? Only higher lot rents stop redevelopment. Once again, in this case, the lot rents simply weren’t high enough.

If you own a mobile home park in Delaware, it’s apparently time to start calling land brokers to get your parcel on the market for a better use. The folks that run Delaware are clearly nuts.

Great article. Fair and balanced. I’m impressed.

While I disagree with the premise that mobile home parks are best served by resident ownership (which I have discussed in detail every week) the article explores more than that one item and concludes that mobile home parks are important for the community and should be saved from redevelopment by perhaps having the state/county/city gift the necessary infrastructure repair that many older parks face, as well as to help residents obtain the funds to buy them, when possible.

Once again, overall, a favorable article for the industry.

They better hope that large, well-funded groups keep buying these mobile home parks as they are the only people who have the capital to fix the flooding issues in North Carolina that FEMA has no money to help with.

I’m impressed that there was no negativity to this article – that’s refreshing.

In addition to acquiring assets, Group Fund II is making renovations to properties, which includes improving infrastructure, bolstering amenities and common areas, paving and landscaping, as well as implementing new affordable homes. GMF, which has invested almost $30 million in its MHCs portfolio, hopes that these moves will provide a boost in value for both residents and investors.

Once again, I’m impressed that this writer, rather than advance the false narrative that “private equity groups make evil landlords”, instead told the truth that these well-capitalized buyers are the ones that have the money to bring old mobile home parks back to life.

It’s strange that they would be that concerned about a storm shelter in an area that rarely has a storm but it’s nice that the city is FEMA is gifting $70,000 to a mobile home park for this project.

I have no idea how anyone in Pacific Palisades can ever overcome everything that has happened there, but just the fact that there were mobile home parks in such a prestigious area elevates most American’s opinion of the mobile home park product.

No surprise for anyone who reads this weekly missive, as I have been writing for years about the fact that mobile home parks are perfect for redevelopment as they have great locations on major roads, access to water and sewer, and are just the right amount of acreage for most uses.

If lot rents don’t go up substantially, many mobile home parks will be redeveloped in the years ahead.

The management team is concerned about the long-term viability of the park.“The cumulative impact of delinquency, loss of units, and the need for significant investments makes it clear that the park’s current model is no longer feasible," the letter said.

Most residents – and certainly the media – don’t seem to realize that a mobile home park is a business, just like any other form of commercial real estate. Any business that does not make money ultimately shuts down. And any use of land that has a more profitable replacement will ultimately be redeveloped. In so many of these articles the attitude is that the mobile home park owner is somehow a governmental non-profit. They’re not. Nor did they ever ask to be.