Mobile home parks are, at the end of the day, all about making money, and in this video we give you a tour of a property we bought and sold and review how much money it made and what the key profit drivers were. This property was a total turnaround that needed infrastructure repair and new leadership to bring it back to life – it had piles of dead leaves higher than the decks in some spots. However, using the standard science of cleaning up the common areas and then helping the residents to regain their pride of ownership, the community came out of its coma and the financial rewards were huge.
To learn how to successfully identify, evaluate, negotiate, perform due diligence on, renegotiate, finance, turn around and operate mobile home parks like this, consider attending out next Mobile Home Park Investor’s Boot Camp. It’s a three-day immersion weekend that is live and virtual and has continual live Q&A, and is taught by Frank Rolfe who the New York Times calls “the human encyclopedia of all things mobile home park”.