Collection Tips
Tuesday, December 28
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. Then about 25 percent may be late on occasion and are also not a major prob...
Fill Your Vacancies!
Monday, December 27
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...
Renting Mobile Homes Won't Make You Rich
Wednesday, December 22
There are a lot of books out there extolling the financial benefits of buying mobile homes for purposes of renting them out. DON'T BE SUCKERED INTO THIS WITHOUT GETTING THE FULL STORY. These books generally leave out three important problems that turn any proposed economics into bankruptcy. They ...
Finding and Evaluating Mobile Home Parks
Monday, December 20
Of all the questions I receive from investors that are looking to purchase a mobile home park there are two questions that are asked most often:How do I find a mobile home park deal that makes sense? How do I place a value on that mobile home park? These are important questions and there are seve...
Don't Hold Your Park Residents to a Higher Standard than Subdivision Residents
Sunday, December 19
IT'S NOT GOOD FOR YOU OR THEM!Written by Frank Rolfe and Dave Reynolds, MobileHomeParkStore.com, LLCMost every mobile home park owner in the U.S. has a list of rules attached to their lease which is longer than the lease itself. While it's always a good idea to cover your bases and address every ...
Fill Your Vacant Lot
Wednesday, December 15
I can remember when a good, well-located community could fill seven or eight lots per month with nothing more than some flyers at a manufactured home dealership. To even say such things today dates you as someone from the dinosaur age. And unless you've been in a cave, you know that y...