The April 2021 Mobile Home Park Investing Newsletter

Victory Day For Vijay And Sumeet

We nterview Vijay and Sumeet on their victory in buying four mobile home parks in less than one year. Discussions will include how they found each property, how they financed them, what the turn-around plan was, lessons learned, amount of time spent in managing them, and related topics that will be greatly of interest in evaluating whether or not to invest in mobile home parks.

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Mobile Home Park Mastery Podcast: Episode 192 - Before You Pull The Trigger On Closing

The slang term for signing the documents and closing on a mobile home park is often called “pulling the trigger”. It’s a major commitment and one that can create angst with many buyers who are concerned if they are making the right decision. So what are the key factors that must be aligned to feel good about making this big step?

Listen To Episode 192

Which Management Software Should You Use For Your Mobile Home Park?

One of the most frequent questions we receive is “what software do you recommend using for mobile home park management”? This is a simple question for us to answer, as we have been using Rent Manager for over a decade, and selected them for a variety of reasons.

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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.

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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?

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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?

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Mobile Home Park Mastery Podcast: Episode 191 - The Issues With Being One Platted Tract Of Land

The definition of a mobile home park is “two or more mobile homes on one platted piece of property”. Of course, with just two people on one tract, that would not be too complicated, but the reality is typically 50 to 100 households or more, and that can create issues. In this Mobile Home Park Mastery podcast we’re going to review what the key problems can be and how to mitigate these issues.

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"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.

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Lessons Learned From Over 1,000 Mobile Home Park Deals Reviewed

Frank Rolfe has been reviewing mobile home park deals with potential mhp buyers for over a decade. It’s the similarities and correlation between these properties and their respective values that is the topic of this event titled “Lessons Learned from Over 1,000 Mobile Home Park Deals Reviewed”. He’s discusses a variety of factors that serve as macro and micro clues that a deal is attractive vs. not something any buyer should pursue.

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Mobile Home Park Mastery Podcast: Episode 190 - Why Managers Fail And How Can You Minimize That

Every mobile home park must have a manager, and not all of those work out. So what are the key reasons why mobile home park managers fail and what can be done to mitigate these issues? In this Mobile Home Park Mastery podcast we’re going to review our lessons learned from hundreds of managers and how to improve your odds of success.

Listen To Episode 190