Articles

SELLING THE LAND LEASE CONCEPT TO POTENTIAL RESIDENTS (What happens in Vegas doesn't stay in Vegas) Joanne M. Stevens

Free Market Evaluation

Why Mobile Home Communities Are Superior Investments By Laurence G. Allen, MAI

At MobileHomeParkStore.com we've made it clear from day one what we think of buying and selling used mobile homes in parks that you do not own. We don't think there is enough money in that business plan to make it worthwhile. While we think the books on the subject are good reference material and may work for some people, we think on a grand scale that this model will not make you rich. However, we are the biggest fan in the world of Lonnie Deals as long as it's your home and our park.

Submeter Water and Sewer and Trash:  By installing water meters and billing the residents back for water and sewer and trash you are in effect increasing your bottom line.  I often think this is one of the most equitable ways of to pass on expenses to the residents as they only pay for what they use.  In my experience when meters have been installed the master water and sewer bill is reduced by 30-40% as your residents become conscious about the amount of water going through the faucets.  Leaky faucets are fixed, toilets no longer run continually, cars are not washed every day, etc.

Manufactured Home Community Financing Handbook Third Edition

2008 National Manufactured Home Community Rent Survey Summary

In this environment of tight lending practices and a limited variety of funding sources for mobile home parks, we are beginning to see some lenders fill in where traditional financing has fallen off.

National commercial real estate lenders are now far more adverse to lending in rural markets. The typical minimum population size these lenders are willing to go into is 25,000 or more. Each lender has a specific criteria of what they will allow as far as proximity to a town this size or greater.