Marketing Your Mobile Home Park
Tuesday, December 14
When I am looking to market my mobile home park whether it be to potential residents to bring their homes in or to sell homes in the park, I believe that the first contact with the potential customer is key. This first contact may be via a telephone call to your office, a drive-by by the...
How to Build Ownership in Your Community
Monday, December 13
I will never forget my first drive through of one of my communities with a conduit lender. The property was about a one-star in quality, but was a cash-flow wonder. I wasn't sure what the bank's reaction would be to my down and dirty "family" community status. As we drove out ...
Diffuse a Difficult Park Tenant
Thursday, December 09
There is no shortage of difficult to handle tenants inside of a mobile home park. In fact, the challenge is to find nice, rational ones. Until that changes, it is important to know how to diffuse the difficult tenant to minimize stress and disruption to your business. Over...
How to Spot Crime in a Mobile Home Park
Monday, December 06
Unless you have spent time in law enforcement, there are certain signs of crime that you would never notice as a result of your sheltered existence. However, there are important crime signals that every park owner should know, but that nobody will tell you due to political correctness...
Why the Mobile Home Business Works and Manufactured Homes Do Not
Sunday, December 05
When I got in the mobile home park business, many of the sellers I bought from called the mobile homes "coaches" and "trailers". Roger Miller even wrote a hit song with the lyrics "trailers for sale or rent". But manufacturers and dealers thought the business needed an upgrade, so they chang...
Why Pretty Mobile Home Parks Often Have Ugly Returns
Thursday, December 02
Some mobile home park buyers have this erroneous idea that the goal is to buy a great looking asset. They even rate the parks they look at based on physical appearance. The star system is a good example. Most people think a five-star park is always superior to a one star par...