All Forum Posts by: Marc Robinson

A whole lot to be wary of- well, lagoon system and then those POH trailers.  Some serious baked in costs for each.  Sixteen homes to inspect- roofs, hot water tanks, soft floors, siding damage, decks, porches, furnaces.  One of our parks is 60% POH and in my experience the only way that park pencils as well as it does is to get through all the major repairs, get the homes 'right' and then keep them 'right'.  That means weekly on going preventative maintenance fixing small problems before they become big problems.  Usually with an on site maintenance handy man versus the heavy costs of commercial services.  

We all see a lot of these parks for sale.  Grandpa and Grandma take five acres on the back forty and punch in a well and sewer (when it was cheap to do so), run some water and sewer lines with the old backhoe.  People start moving in with their TOH homes (back in the day when everyone could afford one) and the park starts to fill up.  Eventually people die off and the homes go up for sale cheap, get abandoned and the park owner picks em up cheap and takes in the extra little bit of cash for the POH rental.  Eventually the park gets heavier and heavier with POH units.  Years go by and eventually Grandpa gets tired of fixing porches, nailing gutters and steam cleaning carpets that 'have a couple more years in them.  Wants what he thinks is a market price for something but doesn't understand the albatross he has created over the last 20 years.  The owner took the back end profit for his park during the life of the POHs now wants to cash in again.  

Now maybe I am wrong and all the POH homes are spectacular and very well maintained with new roofs, furnaces and no water leaks.  Every situation is different... but if those POHs are busted up the park is worth only a fraction of what he is asking.