The October 2020 Mobile Home Park Investing Newsletter

Understanding Mobile Home Park Property Taxes

Values of mobile home parks have been skyrocketing over the past decade. At the same time, so have municipal government deficits. Where these two lines intersect is with property tax, and that’s why this is an important item for all park owners and buyers to understand. So how can you take control of your property tax costs?

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Mobile Home Park Mastery Podcast: Episode 167 - Unlocking Your Performance Potential

Wikipedia defines “excellence” as “the quality of being outstanding or extremely good”. All park owners aspire to excellence, but how do you really achieve it? In this episode of the Mobile Home Park Mastery podcast, we’re going to explore how you can trade-in average performance for something much more profitable.

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Mobile Home Park Matchmaker: Choosing the Right Type of Park to Fit Your Goals

There are many types of mobile home parks in the U.S. but only one of these is probably right for you. So how do you select the type of park that will fit your goals? That’s the topic of this event.

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Preparing For Winter At Your Mobile Home Park

The approach of winter often brings forth mental images of the holiday season. But for mobile home park owners, it also brings forth other items: some dreaded and some good news. Here are the winners and losers of winter as far as community owners are concerned, and how to mitigate these issues before the snow starts falling and the temperature dips below freezing.

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Mobile Home Park Mastery Podcast: Episode 166 - Geography Revisited

The Covid-19 pandemic has changed many things about the U.S. – but does that include the best places to buy mobile home parks? In this episode of the Mobile Home Park Mastery podcast we’re going to examine how changes to America post-virus are impacting different parts of the nation in relation to affordable housing and other challenges. The U.S. is in a state of turmoil on many fronts, but is mobile home park geography one of them?

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Mobile Home Park Mastery Podcast: Episode 165 - Where There’s Smoke There’s Fire

When a mobile home park has bad financial records or poor occupancy, it’s a pretty good guess that there are other problems lurking. In this week’s Mobile Home Park Mastery podcast we’re going to examine some of the typical “skeletons in the closet” regarding poorly managed properties – including items above ground, underground, and regarding the residents. As you’ll see, there is often a chain reaction of problems in a mobile home park when bad management is evident. And you need to budget and plan for these probabilities so you don’t get taken advantage of.

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Why Are Mobile Home Park Seller’s Expense Ratios Frequently Too Low?

There are few things more predictable in life than the seller’s expense numbers being lower than they should be in reality. While mobile home park buyers know that the typical operating expense ratio runs 30% to 40%, there’s no question that those seller numbers reflecting 15% to 20% are not accurate. So what’s typically missing in the seller’s numbers?

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Mobile Home Park Mastery Podcast: Episode 164 - Park Layouts And What They Mean

We all know the trends in fashion, from the 1920’s spats to the 1960’s Nehru jacket to the 1970’s bell-bottoms. But do you know the trends in mobile home park design and what they can mean as an owner? In this week’s Mobile Home Park Mastery podcast we’re going to discuss some of the most basic mobile home park design trends and what their strengths and weaknesses are. As you’ll see, mobile home park builders changed the product up considerably over the decades – and not always to the good.

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Over A $1M/Year With One Mobile Home Park

Let’s first clarify – we’re talking a million in value, not in cash out. But we’re still talking an increase in value of over $1 million in one year. That’s a huge number in any business, but not that uncommon in the mobile home park industry. How is this possible? Let’s examine what community operators can do to increase value, and model out how much value they can tap.

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