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12 January 2025 | 12 replies
I have a vision of building and developing mobile home communities in upstate NY that are vertically integrated to allow future members to choose from a catalog of homes, have them installed, provide them with financing options, and make the process of selecting, buying, and living in the community very smooth.Since this is my first time doing this, I would love to chat with an experienced mobile home developer on the following items:Zoning - navigating the zoning process to allow the community to be allowedStart up costs - I am a finance person who would love to better understand start up costs - septic / electrical / water / pads / roads / etcOn Going Maint Costs - in building our business case, I want to build a conservative financial model to capture all re-occurring expenses - utilities, landscaping, capex, septic clean out, etc.I know this is a lot, but would greatly appreciate talking to someone who is an expert in this asset class!
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13 January 2025 | 16 replies
You are correct, local banks would go in and sit with them and go through rates and financing and understanding the payment.
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14 January 2025 | 19 replies
That pragmatism will help you mitigate risks as you understand the different components of managing rentals
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11 January 2025 | 10 replies
Trying to understand the strategy for investment properties with next gen configuration from the experienced. tysm in advance.
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13 January 2025 | 10 replies
Wants what he thinks is a market price for something but doesn't understand the albatross he has created over the last 20 years.
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10 January 2025 | 13 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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27 January 2025 | 56 replies
I've never understood those that can't understand the critics of STRs.
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15 January 2025 | 24 replies
So you can understand why I was blown away to see prices half that or less with rents 1500-1800 in Duluth.
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28 January 2025 | 29 replies
The property is located in a mid-size city with several attractions nearby.I understand that management fees can vary by location, but this property management company charges 20%.
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12 January 2025 | 2 replies
Here's a chart from ShowMojo based upon the thousands of properties their clients use their system for:Not sure how any landlord or PMC doesn't understand that DOM are affected by the time of year and it's taking longer to find tenants than any time since 2018!