Preview:
Former mobile home park getting new life
Read MoreOur thoughts on this story:
And another park bites the dust.
Mobile Home Park Investing Audios | Mobile Home Park Investing Videos | Mobile Home Park Mastery Podcast
Preview:
Former mobile home park getting new life
Read MoreOur thoughts on this story:
And another park bites the dust.
Preview:
The entire population of a Petaluma mobile home park received eviction notices Monday from the park’s owners.
Residents of 71 homes at Little Woods Mobile Villa received notices Monday from Harmony Communities, a Stockton-based company managing the park, stating that “Little Woods Mobile Villa ... is exercising its right to terminate your tenancy for the purpose of permanently closing the park.”
Residents now have one year to find another home and move out, the company confirmed.
“When I opened it and saw the 12-month notice, part of me said, ‘Yeah, that’s just like them to do this,” said park resident Chris Brown about Harmony...
Read MoreOur thoughts on this story:
And another park bites the dust.
Preview:
DEWITT TWP, Mich. (WILX) - People who live at Kristana Mobile Home Park in Dewitt Township are in shock after a notice showed up on their front doors saying they have until April first to move out.
The notice appeared on Friday but was dated Monday, March 24.
“We’re completely blindsided by this,” said Jason Eldridge, a resident.
The mobile home park said it’s closing due to declining occupancy rates and its inability to maintain community infrastructure.
“Since they haven’t been able to drive everybody out of here by not doing anything now they’re just trying to throw us out,” said resident Steven Snider.
The notice posted on...
Read MoreOur thoughts on this story:
And another park bites the dust.
Preview:
Private equity firms are buying up land in mobile home parks across the nation, and some New Jersey lawmakers have a plan to stop residents from experiencing double-digit rent hikes.
A bill, S2953, working its way through the New Jersey Legislature would put a 3% cap on rent increases in the state’s “manufactured home” or mobile home communities.
Any annual rent hikes higher than 3% would have to receive approval from the state’s Department of Community Affairs, under the plan. Landlords requesting approval for the rent increase would have to show that current rents aren’t enough to cover the cost of maintenance and tax increases.
The...
Read MoreOur thoughts on this story:
Roughly one-fifth of mobile home parks across the nation have been purchased by large-scale investors in recent years, according to a 2022 study by the Lincoln Institute of Land Policy, a nonprofit foundation based in Massachusetts.
I’m not sure if the author of this story bothered to do any fact-checking, but there are around 44,000 mobile home parks in the U.S. and if 20% were purchased by large corporate investors in the last few years that would equate to around 10,000 parks. The actual number is probably more like 500 parks tops (ELS – the nation’s largest MH REIT – only owns around 400 in 30 years). And that’s around 1% NOT 10%. But the facts don’t much matter in this case because corporate ownership has nothing to do with higher lot rents.
The real reason rents are increasing across the nation is not because of large corporate owners, but simply because mobile home park lot rents are insanely, ridiculously low compared to $400,000 houses and $2,000 per month apartments. It’s called the free-market system, and it’s the backbone of America capitalism. Price controls are a part of socialism and “can lead to shortages, black markets, and reduced quality, ultimately hindering economic efficiency”. And that’s why the legislature in New Jersey hopefully won’t fall for this nonsense.
Preview:
The property with hundreds of home lots and amenities in the northern metro area last sold 14 years ago for less than a third as much money.
Read MoreOur thoughts on this story:
The property with hundreds of home lots and amenities in the northern metro area last sold 14 years ago for less than a third as much money.
Making $100 million with a single mobile home park in 14 years is a challenge but fully attainable apparently.
Preview:
Some residents of the Hidden Village Mobile Home Park in Orofino, Idaho are worried they are being priced out of their homes. The new park owners are raising rents and said they have made improvements to the community, but people fear they won’t be able to pay.
Floyd Eyneart’s manufactured home has a big white porch. Inside, the walls are covered with art and photographs.
“ I’ve lived here for 27 years and I’m a veteran, my wife passed away four and a half years ago, and I can’t afford to live here if they keep jacking the rent up,” he said.
Most residents of mobile home parks own their homes, but not the land beneath them. About two...
Read MoreOur thoughts on this story:
Here's what the resident said:
"They raised the rent by $75 last year, and the latest increase will come this May. Rent is going up by $100 for a total of $550 per month. They figure they got you over a barrel because there's no way to go anywhere, I mean, you're stuck," said Eyneart.
Here's what the park owner said:
His Burien-based company has invested more than $130,000 into the park, he said. That includes hauling away abandoned cars and trailers, installing new mailboxes and putting in new plumbing.
Here's what the journalist said:
Residents acknowledge improvements have been made. But that doesn't change the circumstances for people who can't afford the rent hikes.
Clearly, there are many points of view here, but let's explore what's true from what's false.
I wish that everyone – owners, tenants and the media – could agree on the basic truths of life in America. You can plead your point, but don't insult our intelligence.
Preview:
LANSING, Mich.(WLNS)—Residents of a mobile home park say they’ve been given just a few days’ notice that they need to move.
Residents at Kristana Mobile Home Park in DeWitt Township told 6 News they were given a notice Friday stating the park would be closing on April 1, this coming Tuesday.
In the letter, management says the park will be closing due to “declining occupancy rates” and the inability to maintain the community’s infrastructure.
Management did say they would provide temporary housing for 30 days.
Neighbors say this notice was dated for the 24th but wasn’t put on their doors until Friday.
Jason Eldridge, a resident at...
Read MoreOur thoughts on this story:
And another park bites the dust.
Preview:
BRUNSWICK, Maine — When Celeste Yakawonis was younger, she thought she would spend the rest of her life in her riverfront home on six acres of land in Turner.
But that was before Yakawonis’s husband died, leaving her to live in the large farmhouse alone.
“Can you see how big that was, for me, one person rattling around?” she said, pointing to a framed photo of the home powdered with snow. “I just couldn’t take care of it.”
Without her husband, Yakawonis said she felt overwhelmed and isolated. But she was advised not to make big decisions too soon after the loss. She kept the home for a year before deciding to sell it. When she...
Our thoughts on this story:
State lawmakers are discussing a bill that would encourage the creation of resident-owned communities by providing tax incentives to businesses that sell to cooperatives. The bill would provide a tax deduction of up to $750,000 on capital gains for owners who sell to cooperatives.
In all fairness, this idea was originally floated by Congressman Keith Ellison about a decade ago. Back then, he suggested advantageous tax treatment if you didn’t tear the park down. This time around it’s focused on selling to residents. But it’s a good idea regardless of who proposes it. If you made a compelling economic benefit to selling parks to residents as opposed to corporate buyers then I’m betting every park that qualifies would be sold to residents.
Preview:
Arcata’s program to help mobile home owners repair their houses has begun.
The Manufactured Housing Opportunity & Revitalization Program (MORE) pays for mobile home repairs, if the homes are in a mobile home park and owned by someone making less than 80% of Humboldt’s median income. Contractors hired by the city do the work.
The program focuses on repairing violations of health and safety codes, as well as improving ADA accessibility.
Arcata announced the program last year after being given a $3 million grant to fund the project by the California Department of Housing and Community Development.
Arcata’s Director of Community...
Read MoreOur thoughts on this story:
The Manufactured Housing Opportunity & Revitalization Program (MORE) pays for mobile home repairs, if the homes are in a mobile home park and owned by someone making less than 80% of Humboldt’s median income. Contractors hired by the city do the work.
This is a good idea and one that would help preserve marginal residents from being homeless or going into Section 8. Any sane person would support this concept.
Preview:
Marge Wisniewski moved into Northville Crossing, a large manufactured housing park outside Detroit, a little over a decade ago. A former health-care administrator, now retired, Wisniewski says she was tired of renting and wanted to try something new. She loved the home, a double-wide mobile trailer, and the community, which has a big swimming pool, a gym and a banquet room for residents. And it was affordable: She could build equity in the trailer, and the lot rent was just $425 a month.
A few years after she bought her trailer, Wisniewski says, the park’s corporate owners started steadily increasing the rent even as conditions and...
Our thoughts on this story:
The bills, backed mostly by Democrats, ultimately didn’t pass, even with a Democratic trifecta in state government. Republicans regained control of the state House this year. “We were all so disappointed,” Wisniewski says. “I don’t think we’re going to get very far with the Legislature at all.”
Just because a woke state senator proposes rent control does not mean that it will pass. Most bureaucrats are fully aware that rent control is literally the death sentence for housing, as it strangulates needed investment – resulting in no new starts and no capital improvements. That’s why, in over 100 years, only six states and the District of Columbia have embraced it. And they’re all doing terrible as a result.
Preview:
The demolition of the Lil’ Abner mobile home park, located on Northwest 2nd Terrace in Sweetwater, Miami, began this Thursday, marking the start of a process that forces more than 900 families to leave the premises.
The first eviction notices were delivered in November, setting May 19th as the deadline for residents to relocate and make way for new housing projects.
According to NBC Miami, the owner of the park, CREI Holdings, plans to build next-generation housing on the site and has offered incentives to residents who move before the deadline.
In social media posts, heavy machinery can be seen clearing the debris of the demolished...
Read MoreOur thoughts on this story:
And another park bites the dust.
Preview:
BROOKINGS — The impending sale of Shady Acres Mobile Home Park in Brookings means tenants must vacate their residences before April 1 — but they aren’t being left high and dry thanks to assistance provided by the Brookings Pathways Program.
Created last year with Shady Acres concerns in mind, a maximum of $350,000 in funding was allocated via a City Council vote in May. It was hoped the Pathways money would never have to be used. Well, that’s no longer the case, at least partially: Of the overall total, $180,000 was specified for three uses:
Our thoughts on this story:
And another park bites the dust.
Preview:
Hermantown, Minn., city officials have barred nearly half of the 50-plus trailers in a neglected mobile home park from occupancy because of their threat to human life, as the owner pays residents to move out so he can close the park.
After he pleaded guilty to several misdemeanor violations in early December, he was ordered to immediately make repairs to trailers without water and other essential services and fix all other code violations. St. Louis County Judge Shawn Pearson also ordered him to pay for alternate housing for a handful of residents living in the worst conditions in Maple Fields mobile home park, just outside of...
Our thoughts on this story:
And another park bites the dust.
Preview:
CBS News Miami's Ivan Taylor reports that residents claim the owner of the land did not get the proper permits and their health is at risk, despite the owner saying everything is up to code.
Read MoreOur thoughts on this story:
And another park bites the dust.
Preview:
The floors are caving in. The roofs are leaking. The walls that lack insulation invite mold. For residents of Rudd’s Mobile Home Park in Richmond’s Southside, these aren’t just minor inconveniences — they’re daily battles in a place they call home.
Unlike traditional renters, most mobile home residents own their homes. (What they rent is the land or lot under where they live.) That means when things start falling apart, the responsibility to fix them falls on their shoulders. But many say they are barely making ends meet, making expensive repairs out of reach.
Josefina is an older single woman who works only a couple days a week. For her,...
Read MoreOur thoughts on this story:
The floors are caving in. The roofs are leaking. The walls that lack insulation invite mold. For residents of Rudd’s Mobile Home Park in Richmond’s Southside, these aren’t just minor inconveniences — they’re daily battles in a place they call home. Unlike traditional renters, most mobile home residents own their homes. (What they rent is the land or lot under where they live.) That means when things start falling apart, the responsibility to fix them falls on their shoulders. But many say they are barely making ends meet, making expensive repairs out of reach.
I’m sure the author of this article was really mad that they could not find a way to blame the park owner for the residents not maintaining their own homes. Believe me, if they could have, they would have.
Preview:
The Warren Planning Board approved the development of a controversial mobile home park at its Thursday meeting, according to the Midcoast Villager.
As the housing crisis continues in Maine and hits some regions such as the midcoast especially hard, communities have taken broader steps to address a critical housing shortage that has made living unaffordable for many residents. Advocates say mobile homes can help alleviate the housing crisis while providing better living standards and cheaper rates than similar stick-built developments. Modular homes can cost 20 percent less than a similar stick-built house.
The park in Warren will be off...
Read MoreOur thoughts on this story:
A new mobile home park in Maine moves forward despite the anger of surrounding property owners. Affordable housing has become so severe that people are getting desperate – even city bureaucrats.
Preview:
A year ago, the Littleton, Colorado mobile home park faced a potential sale when a Utah-based company offered $18 million to buy the property.
Fearing rent hikes from new owners, the park’s board rallied support from nearly all its residents to put together a purchase offer.
Sandy Cook, President of the Meadowood Village Cooperative told CBS Colorado, “The uncertainty of not being able to know where you're going to live within 12 months is so scary for people.”
So how did they swing it? Colorado law allows residents to put together an offer to match a buyout. If they can match a buyout offer, they can...
Our thoughts on this story:
So the residents spent $18 million for 92 lots – that’s around $200,000 per space (and probably the most ever paid for a mobile home park in that area). And the deal was cobbled together out of short-term loans. Who wants to place a bet that this deal will be back on the market in five years – or whenever the loans come due?
Preview:
Waves lap on the Marco River, visible through the bent spokes of a mangled bicycle, flaps of metal roofing clang in the wind, mingling with live music from the Snook Inn restaurant next door. It’s as if life paused at the Port Marco manufactured home community of Marco Island.
That is all about to change as all that remains of Port Marco — that which was not already ravaged by abandonment and hurricanes— is about to be demolished as new owners, Tailwind Group, propose a five-story redevelopment. In the small community’s place, current property owners told their neighbors of their plans for a mixed-use development with condominiums, two...
Read MoreOur thoughts on this story:
And another park bites the dust.
Preview:
Residents of a Helena mobile home park face rent and utility fee increases after the park was sold to an out-of-state property management company, according to park residents.
Last October, the owners of the McHugh Mobile Home Park informed residents that they sold the property to Collective Parks Property Management LLC, a Washington State-based management company.
During the ownership transition, residents received letters from the new management team stating that they shouldn’t expect changes.
“For the foreseeable future, we do not anticipate any significant...
Read MoreOur thoughts on this story:
A resident of the mobile home park told MTFP that their $510 monthly lot rent will increase by $65 and that they will be charged $45 for utilities, totaling an annual $1,320 raise. The increase is due to rising maintenance costs and property taxes, the notice stated. Another resident told MTFP the $1,320 would cover the costs of planned projects for the park, including an office remodel, dumpster and mailbox replacements, road maintenance and community events. Park residents wrote a letter to the company, which was provided to MTFP, stating that they would not comply with the rent and utility-free increases and that the proposal for new mailboxes, dumpsters and community events is “blatantly insulting.”
What’s “blatantly insulting” is that the writer of the article never bothered to spend even 60 seconds of research on the housing market in Helena, Montana. So here are the numbers they ignored:
Single-family home cost: $439,800
3-Bedroom apartment rent: $1,330 per month
So tell me again how $575 per month is highway robbery? Now you know why they avoided the stats.
Preview:
In an effort to control who can live at seniors-only mobile home parks, the city of Petaluma is suing Youngstown Mobile Home Park and Daniel Weisfield, co-founder of Three Pillars Communities, which operates the park. It is also suing mortgage company Fannie Mae, as it “holds a recorded interest” in the property, as well as 50 other unidentified individuals.
The city seeks to prevent Youngstown’s owners and operators from unlawfully ignoring the city’s senior mobile home park overlay, which was approved in October 2023 and requires park owners to continue designating Youngstown a seniors-only park.
Its suit contends park officials are...
Read MoreOur thoughts on this story:
However, Paul Beard, Weisfield’s attorney, said, "Petaluma is attempting to compel Youngstown to illegally discriminate against families with children. The city's complaint has no merit, because the city's ordinance is patently unlawful ... It purports to force the park to engage in federally prohibited discrimination. The park will continue to serve all members of the community seeking quality affordable housing, including families with children."
I know nothing about this case, but it won’t be the first time that a city tried any and everything to try not to have to pay school tuition on “trailer park” kids. We’ll see how this works out.
Preview:
Mountain View City Council wants to help mobile home residents by further limiting how much landlords can raise rents each year, but park owners are warning the new rules will make their operations unsustainable.
Council tomorrow (March 11) will consider limiting rent hikes to 3% or 60% of the consumer price index, whichever is lower.
Existing rent control limits rent hikes to 100% of the CPI or 5% of rent.
The proposed rule change comes after two straight years of greater than 5% inflation, prompting residents to complain that they can’t afford the higher rents.
“For those who can barely afford the expenses now, the future is bleak in...
Read MoreOur thoughts on this story:
Mountain View City Council wants to help mobile home residents by further limiting how much landlords can raise rents each year, but park owners are warning the new rules will make their operations unsustainable.
You’ve got to be kidding me. This is Palo Alto, California – one of the priciest residential markets in the U.S. Do these bureaucrats not realize that these park owners can sell the land for more than the parks are worth all day long? If this passes, there won’t be a single mobile home park still standing in Palo Alto.
Preview:
Unable to provide repairs needed for city compliance, the owner of as mobile home park in Hermantown announced closure plans. Last week, we got the latest update on what was happening over at Maple Field. The court has ordered the landlord to present himself in person on April 8th for an evidentiary hearing.
54 lots fill the mobile home park known as Maple Field. The location rents 46 mobile homes units with the remainder of the dwellings occupied by owners who pay to lease the space in the park. Recently, tenants have been receiving notices of termination as the owner of the park seeks to close the park because of the hazard living...
Read MoreOur thoughts on this story:
Another park bites the dust. The rents were too low to allow needed capital repairs and make a profit greater than alternative uses. It’s not rocket science.
Preview:
Resident Gudelia Blatt called the situation “horrible,” describing flames and destruction at the park.
Roberto Pullido, who had already vacated his home, broke down in tears upon seeing the remains.
His wife said they didn’t even know about Sunday’s fire until they saw it on the news the following day.
Residents say the sprawling park, once filled with families, has become a haven for intruders, squatters, and vandals as security dwindles.
“There are many people from the outside — people who have no houses, thieves,” Blatt said.
The Pullidos had seen evidence of squatters even before the fire.
“They broke a big window and got in, opening...
Read MoreOur thoughts on this story:
Residents, including Dudleys Herrera, say feel ignored after they’ve repeatedly contacted the city and county about the growing issues, including trash and contamination. City officials said no citations have been issued at Li’l Abner, as they hope to work with developers to address the issues rather than impose penalties.
This park is being torn down. People are still living there who should have already vacated. Why would anyone think that the city would be interested in wasting more time on this? They simply need to leave.
Another park bites the dust.
Preview:
TUCSON, Ariz. (13 News) - Pima County officials are waiting on $3 million in new federal funding to continue crucial repairs on mobile and manufactured homes in low-income communities, but uncertainty surrounds when the money will arrive.
The funding comes from the Department of Housing and Urban Development’s Preservation and Reinvestment Initiative for Community Enhancement (PRICE), a first-of-its-kind $225 million grant competition designed to preserve and revitalize manufactured housing communities nationwide.
The Pima County Home Repair program specifically targets neighborhoods near Benson Highway and in the Flowing Wells area,...
Read MoreOur thoughts on this story:
It’s a great idea to repair old mobile homes at no cost to the owners. I hope more states can replicate this initiative.
Preview:
HERMANTOWN — The owner of a mobile home park that has fallen into disrepair is now threatening to close the operation rather than execute court-ordered repairs.
Elevated Management LLC and its owner, Steve Schneeberger, have notified residents of Maple Fields Mobile Home Park that they must vacate their homes, a move that has triggered additional legal action.
A Monday court filing on behalf of affected residents asks Judge Shawn Pearson to block the proposed evictions and nullify notices that have been sent. The plaintiffs’ attorney, Peter LaCourse of Justice North, noted that the court, in its Dec. 20 and 27 rulings, had barred Elevated...
Read MoreOur thoughts on this story:
And another park bites the dust.