Pre-selling New Manufactured Homes.

[Derek Dickson]

Hello,

I have a question for MHP investors. 

When you have a home move out of your park how do you fill that pad quickly? Do you buy a used home and put it on the land, do you buy a new Clayton home and put it on the land, do you advertise only the land and hope someone moves their home to it? 

Do you run ads on social media, do you post it on FB marketplace, or use bandit signs in the park? 

I look at Elon Musk(like him or not), pre-selling his Cyber Truck. It makes me wonder if mobile homeowners would be interested in doing something like that. For example, you know one of your tenants is moving their home in two months and you pre-sell a new home that will be moved onto that pad. The home would need to be ordered, built, and then moved onto the pad which could take a few months. Do mobile home dwellers have this kind of time to wait or do they need to move right away most of the time?

In new condo developments, the developer usually pre-sells the condos to get funds to build the building. Is this a strategy that can be used in MHPs? 

Thanks,

Derek