This issue of the MobileHomeParkStore.com and MHBay.com Newsletter includes:
  1. Important updates, news, and new features of MobileHomeParkStore.com and MHBay.com
  2. New Ebook: Mobile Home Park Investing
  3. New Ebook: Property Management Survival Guide
  4. Articles From the Web
  5. Press Releases from Marcus & Millichap - 4 California Mobile Home Communities Sold!
  6. Shopping for Insurance, How to Get the Best out of the Insurance Marketplace
  7. Tell us what you think and send us your articles!
Insurance Companies:We are looking for companies that provide Insurance on:  Mobile Home Parks, Mobile/Manufactured Homes, RV Parks, and Self Storage Facilities in the following states:Alaska, Connecticut, Delaware, Florida, Indiana, Iowa, Ohio, Oregon, Maine, Maryland, Massachusetts, Michigan, Minnesota, Minnesota, Montana, New Hampshire, North Dakota, Rhode Island, Vermont, Washington, and West Virginia. If your company is interested in receiving leads for any of the types of insurance and states above, please let us know and we can discuss the program in more detail. 

Calling all Manufactured Home Retailers and Manufacturers: 

Similar to the insurance program, we are collecting leads for individuals looking to buy new and used homes.  If  you have interest in selling more homes, let us know and we can discuss the program in detail.  This will be a true Win-Win!!!

Thank you for all making 2006 a great year for MobileHomeParkStore.com.  With over 1.9 million visitors and  5+ million pages viewed, we continue to grow and help buyers, sellers, investors, and owners find that one stop source for Mobile Home Parks.In the past 30 days, there have been over 70 new mobile home parks listed for sale on MobileHomeParkStore.com and at least 15 confirmed sales.  Our site is effective with big parks and small alike.  In fact, on January 10, 2007, a four space mobile home park was listed on the site.  Today, January 15, the owner sent me this email:  Have a deposit on my park so you can remove from your site. Thanks so much and send me a bill.     Forrest This is what we like to hear!

MHBay.com continues to grow as well.  The traffic has doubled in the past 3 months and the listings are rolling in.  It is still FREE to list your homes and lots for sale or rent.  So if you are looking to connect to potential residents and sell or rent more homes, then place your FREE listings on MHBay.com

Mobile Home Park Investing

Written by Dave Reynolds, MobileHomeParkStore.com, LLC December 21, 2006

Available for Instant Download!
  • How I Started in the Mobile Home Park Business with Credit Cards
  • Why you should invest in Mobile Home Parks
  • Over 15 strategies to find Mobile Home Parks to Purchase
  • Valuation of Mobile Home Parks (with or without park owned homes)
  • A list of over 50 Due Diligence items
  • Powerful ways to Increase the Value of your Mobile Home Park
  • Financing, Insurance, Management, and much more!
Find out more about the Mobile Home Park Investing E-book!
The Property Manager’s Survival GuideWritten by Richard & Deanna Stephens December 26, 2006Available for Instant Download! Richard and Deanna Stephens were first introduced to property management in 1990 as an On-Site Management Team of an apartment building located in the downtown area of Detroit MI, since then both have worked together with both highly regarded Manufactured Housing Companies and Individual Owners throughout the U.S. as On-Site Managers. They are now finally sharing their experience in order to help Managers and Owners alike to succeed in effectively managing communities. Here is a sample of what you will find inside:
  • How we deal with many different problems which have occurred in the past and present.
  • Ways to save the property Money.
  • Tips on How to Get Residents to Comply with Your Community Rules & Regulations.
  • Tips on How to Get Resident to Pay Rents on Time.
  • A copy of the Lease we like to use.
  • How to deal with Resident Complaints.
  • Information on Resident Retention. 10 Ways a Manager can make the most of their spare time, and much, much more.

This book is for:  New Mangers, Seasoned Managers and Owner/Managers in the Rental Property Industry

Free Bonus:  You will receive copies of the same Forms we like to use on a regular basis in the Mobile Home Parks we manage, which you can customize with your own community information! Here Is What You Will Get:
  • MH Community Lot Lease (word document)
  • Community Rules and Regulations (word document)
  • Resident Violation Notice (excel spreadsheet)
  • Payment Arrangement Form (word Document)
  • Resident Work Request (excel spreadsheet)
  • Reservation of Amount Received (word document)
  • Nice Late Payment Due Reminder (word document)
Mobile Home Parks can be tough to manage, however with the tools and strategies you will learn from this eBook, you will be ready to turn your trailer park into a Manufactured or Mobile Home Community in a very short time. So, if you are ready to educate yourself and excel in the mobile home park industry as an Effective Property Manager then it is time to take the next step. Just one lesson learned from this eBook can save your Property More Money than most Managers make in a year. The Property Manager’s Survival Guide e-book is available for instant download and is available now for only $9.95 Find out more about the Property Manager's Survival Guide
Marcus & Millichap Real Estate Investment Brokerage CompanyFOR IMMEDIATE RELEASEContact: Kevin Assef Regional Manager (909) 605-1800

MARCUS & MILLICHAP ANNOUNCES SALE OF $6.8 MILLION CALIFORNIA 170 SPACE MOBILE HOME PARK

 VISALIA, California, January 8th, 2007 – Marcus & Millichap Real Estate Investment Brokerage Company, the nation’s largest real estate investment brokerage firm, recently announced the sale of a Mooney Grove Mobile Manor in Visalia, California. This well maintained mobile home park commanded a sales price of $6,800,000. David Rogers and Eric Coulsell investment specialists in Marcus & Millichap’s Ontario office had the exclusive listing to market the property on behalf of a California-based private investor. They also secured and represented the buyer in the transaction, a California based investment group. Mooney Grove Mobile Manor is located at 26814 South Mooney Boulevard in the city of Visalia, California. Mooney Grove Mobile Manor is a good quality mobile home park and consists of both single wide and double wide spaces. Visalia is located in California’s San Joaquin Valley, a large and agriculturally rich basin that runs through the center of the state. Equidistant between San Francisco and Los Angeles, Visalia can be found just east of Highway 99 on Highway 198, the pathway to the Sequoia National Park. The sales price represents $40,000 per space with a cap rate of 6.50%.

MARCUS & MILLICHAP ANNOUNCES SALE OF $7.8 MILLION CALIFORNIA MOBILE HOME PARK

BAKERSFIELD, California, December 19, 2006– Marcus & Millichap Real Estate Investment Brokerage Company, the nation’s largest real estate investment brokerage firm, recently announced the sale of Kern Mobile Home Community in Bakersfield, California. This well maintained mobile home park commanded a sales price of $7,800,000. David Rogers and Eric Coulsell, investment specialists in Marcus & Millichap’s Ontario office, had the exclusive listing to market the property on behalf of a California-based private investor. They also secured and represented the buyer in the transaction, a California based investment group. Kern Mobile Home Community is located at 8300 Kern Canyon Road, in the growing eastern corridor of Bakersfield. The park has been increasing occupancy over the past two years and now has only eight vacant spaces. Bakersfield is located just two hours outside of Los Angeles in Kern County. The City covers approximately 115 square miles and is 492 feet above sea level, located at the southern end of the San Joaquin Valley. The sales price represents $ 47,853 per space.

MARCUS & MILLICHAP ANNOUNCES SALE OF $1.67 MILLION CALIFORNIA MOBILE HOME PARK

FRESNO, California, January 10, 2007 – Marcus & Millichap Real Estate Investment Brokerage Company, the nation’s largest real estate investment brokerage firm, recently announced the sale of a Westwinds Mobile Home Park in Fresno, California. This 50 space mobile home park commanded a sales price of $1,670,000. David Rogers and Eric Coulsell, investment specialists in Marcus & Millichap’s Ontario office, had the exclusive listing to market the property on behalf of a California-based private investor. They also secured and represented the buyer in the transaction, a California based investment group. Marcus & Millichap is pleased offer Westwinds Mobile Home Park located at 3109 West McKinley in Fresno, California for investment.  Westwinds is a good quality mobile home park with quality infrastructure (4-5 inch thick asphalt streets, segmentized sewer system) and the pride of ownership as can only result form long term family ownership. The property is located just outside of the Fresno City limits and therefore not subject to Fresno City rent control. Fresno County is located near the center of California's San Joaquin Valley which, together with the Sacramento Valley to the north, form the Great Central Valley, one of the distinct physical regions of the state The sales price represents $33,400 per space with a cap rate of 4.16%.

MARCUS & MILLICHAP ANNOUNCES SALE OF $3.425 MILLION CALIFORNIA MOBILE HOME PARK

BELLFLOWER, California, December 29, 2006– Marcus & Millichap Real Estate Investment Brokerage Company, the nation’s largest real estate investment brokerage firm, recently announced the sale of Skylark Mobile Home Park in Bellflower, California. This well maintained mobile home park commanded a sales price of $3,425,000. David Rogers and Eric Coulsell, investment specialists in Marcus & Millichap’s Ontario office, had the exclusive listing to market the property on behalf of a California-based private investor. David Rogers also secured and represented the buyer in the transaction, a California based investment group. Skylark Mobile Home Park is a 45 space senior park plus one 2 bedroom apartment located at 9113 Rosecrans Avenue in Bellflower, California. The property consists of one doublewide, thirty nine singlewides, five travel trailers, and one apartment. The park has been meticulously maintained by the present owners and is a pride of ownership investment. The City of Bellflower, California developed from countryside of agricultural crops and dairies to a bustling residential and commercial community. Today with more than 77,000 residents calling Bellflower home, the city is in constant motion. The sales price represents $74,457 per space with a cap rate of 5.47%.   With more than 1,100 investment professionals in offices nationwide, Encino, Calif.-based Marcus & Millichap is the largest commercial real estate brokerage in the nation focusing exclusively on real estate investments. In 2005, the company closed nearly $21 billion in transactions. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization; local market expertise; the industry’s most comprehensive research and analysis capabilities; state-of-the-art technology; and established relationships with the largest pool of qualified investors nationally.

www.MarcusMillichap.com

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Shopping For Insurance - How to Get the Best Out of the Insurance Marketplace

By Edith E. Lasson, CIC Director National MHP Program Flagstaff Insurance, Inc. 2100 East Cedar Avenue Flagstaff, AZ 86004

This article is located on our website, click on the link above to view the entire article.

Tell us what you think!We'd love to hear what you think of this issue!We need your articles - send your articles to dave@mhps.com to be included in upcoming newsletters. Please send your comments, questions, articles, and ideas for upcoming issues to us at: dave@mhps.com Your feedback matters to us!

Wishing everyone a Happy and Prosperous New Year!

Dave Reynolds MobileHomeParkStore.com 18923 Highway 65 Cedaredge, CO 81413 PH: 800-950-1364 FX: 970-856-4883

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