Experience with Turning Around Parks

[John Boutros]

Hi BP'ers,

I am curious as to your experiences with MHPs that need a turn around. We are in process of acquiring a 125 pad park, that was mismanaged for about 2 decades. Think - tenants with aggressive breed dogs running loose, junk in their yards, rough home appearances, way under market rents, etc... I think you get the idea.

We have a plan in place for how to approach turning around the park, but I am curious if anyone here has had a situation where they had turned around a park and what their two cents are. Appreciate any input. Thank you!

-John