Articles

Most mobile home parks I have bought come with a standard sign design - a 4'x8' sheet of plywood with a faded poorly written name on it and no phone number. This must be a popular design because I see it everywhere. There is also the design of metal or wood letters on a brick or masonry wall with some of the letters missing

People often ask me how many stars my park has. I always tell them that I've got a five-star cash flow. That totally confuses them, and allows me to change the subject.

When considering the purchase of a mobile home park as compared to an RV park there are many factors to consider. While mobile home parks and RV parks are often sold by the same brokers and are combined in one facility, they are not the same and both require different amounts and types of management.

Why Buy a Mobile Home Park as compared to Apartments and other types of Commercial and Investment Real Estate? 1. There has always been and will always be a need for affordable housing. The typical mobile home park is just that affordable housing.

Why leases with an option to buy may be a better way to go for sellers and buyers. Instead of an outright purchase of a Mobile Home or RV Park, a lease with the option to buy can make more deals happen. Here are some benefits that often occur in these type transactions:

I want to know how many lots there are, how many are occupied and paying, what the lot rent is, what expenses the owner is paying, and who is responsible for the water lines, sewer lines, and roads.

One question we frequently get from individuals and companies that are listing their mobile home park for sale on our site is "How much information should I include in my listing to be posted"?

When I first got in the mobile home park business, I was very inexperienced in collections. My natural instinct was to be nice to my customers and never offensive. So when I first encountered customers who would not pay their rent, I did not want to offend them by filing evictions.

One of the most difficult and time consuming tasks of a mobile home park manager is in the collection of rents. It has been my experience that about 50 percent of your residents will never have a problem paying on time.

Most mobile home park owners today have vacancy problem, thanks to chattel mortgage crisis that began in 2000. It is not uncommon for a park that was full in 2000 to now be at 60% occupancy due to repossession of homes. If you have been waiting for the mobile home dealers to fill you back up, you are probably depressed and making no progress.