Not too long ago, mobile home park owners could order new homes to fill vacant lots. Now they find that delivery times are far into the future, prices are up $10,000, and some manufacturers even have caps on the number of homes you can order. In this Mobile Home Park Mastery podcast we’re going to discuss the U.S. home manufacturing crisis and how to overcome this hurdle to fill your vacant lot.
Listen To Episode 210The August 2021 Mobile Home Park Investing Newsletter
When you buy a mobile home park, you are in a race against time to improve it’s appearance for a number of reasons. Higher existing customer retention, higher new resident attraction, better city government relationship and stronger banker satisfaction are all made possible through simple aesthetic improvements. So what are these key improvements that can be made rapidly? That’s the focus of this Mobile Home Park Mastery podcast.
Listen To Episode 209America is a rapidly changing market when it comes to housing. And it’s essential that you stay on the right side of the “megatrends” since these are what propel your investment forward. With the landmark events since March 2020 – and particularly the change in administration from Trump to Biden – some of the key drivers to success have materially changed and these should be noted and considered. And the net effect would appear to greatly favor investing in small town mobile home parks and avoiding opportunity zone options. Here’s four big reasons why.
Read MoreMobile home parks are known for high density compared to single-family subdivisions (their closest cousin). While this is not a problem most of the time, you can reach a density that causes potential issues with the fire marshal as well as simply moving homes in and out. So what do you do to fix density that is too high in a property? In this Mobile Home Park Mastery podcast we’re going to review this issue and offer some real-life fixes.
Listen To Episode 208In the 1960’s, Finland manufactured a mobile home called the Futuro. There are only 63 of them known to exist around the world, with only around 5 known in the U.S.
Watch The VideoAlex and Steve came to Mobile Home Park Boot Camp in 2017 following a decision forged on a vacation in Japan. They pursued their joint dream of building a portfolio of mobile home parks and how own seven properties with two more under contract.
Listen To The AudioHe may be able to launch cargo into space and invent the electric car industry, but Elon Musk is not always thinking big – at least not when it comes to his housing. Musk, a billionaire, is currently living in a $49,500 “Casita” made by Boxabl, which is a 375 square foot tiny home. So how will tiny living by Musk translate into mobile home park industry success?
Read MoreThe Surfside condo tower collapse is more than just a tragic tale of the unthinkable occurring. It’s also a wake-up call that there is massive risk in owning large, aging man-made objects and now that this is on the radar, we will now begin a period of bureaucratic over-analysis, a fee-grab by opportunistic engineering and third-party report companies, a liability windfall for personal injury attorneys, the loss of insurance coverage, the collapse of mortgage availability, and the end of life for those sectors of real estate that didn’t see this coming.
Listen To Episode 207Long ago, a couple of young men from the Midwest dreamed of better ways of building homes. Growing up in the days of Levitton, Lustron, Aladdin and National Homes, they saw that existing housing methods were obsolete and the potential boundless. Each of obtained good educations; one in engineering and the other in design.
Read MoreMobile home park owners rely on happy residents to make their business work. However, sometimes the community manager can be a blockade to the owner’s knowledge of his customer’s satisfaction. Without providing a good value, no mobile home park can succeed, as it will be unable to obtain or retain residents. So how can you keep a constant tab on this feedback?
Listen To Episode 206