Vacant lot preparation is a big deal when filling vacant lots – it can cost as much as 1/3 of the total home in some states. HUD controls the lot preparation requirements in some markets and, while the purpose is to minimize home movement from frost heave, the reality is that it’s a terrible financial burden for the homeowner and a pain in the neck for park owners to perform. But if you have to do expensive lot preparation, what are the options and which should you choose?

Like any other science, there are a host of terms that are of relevance to mobile home park investing. In this episode of the Mobile Home Park Mastery podcast series, we’re going to literally review these from A to Z – from “Affordable Housing” to “Sam Zell”. If you want to get a good grasp on the components of brief strategies that successful mobile home park buyer and operates utilize, then this topic should be of great interest.

For many years, the mobile home park industry had no available information except for a few ancient books like the 1955 “How to Build and Operate a Mobile Home Park” by L.C. Michelon. It was a lonely existence for park owners with nobody to bounce ideas off of or to share experiences. And that’s as recently as the 1990s. Today things have changed. So where can you go to get answers to your mobile home park questions?

Back in 1999 there were 400,000+ mobile homes sold in the U.S. with dealers making fortunes. Today, there are less than 100,000 being sold (it’s been that way since around 2000) and most of those same dealers have disappeared. In fact, you never even hear about mobile home dealers these days. Why is that and where did they go? In this episode of Mobile Home Park Mastery we’re going to discuss the rise and fall of mobile home dealers and what the future might hold for them.

We are continuing to teach investors the correct way to identify, evaluate, negotiate, perform due diligence on, re-negotiate, finance, turn-around, and operate mobile home parks. And the way we’re accomplishing this is with our first-ever “Virtual” Mobile Home Park Investor’s Boot Camp this coming Friday, Saturday and Sunday April 17th to 19th.

“NIMBY” stands for “Not In My Back Yard” and is the attitude that has stopped new mobile home parks from being built in the U.S. for the past half century. Now the federal government is discussing the concept of promoting “YIMBY” which stands for “Yes In My Back Yard” – trying to coerce city government to allow mobile homes to be placed on lots restricted to stick-built single-family homes only. In this edition of Mobile Home Park Mastery podcast we’re going to discuss the cage fight of these two acronyms and why the victor is probably “GUMBY” which stands for “Give Up on My Back Yard”.

The impact of disasters (natural and economic) on mobile home park investing. Sure, Covid-19 is the current disaster in America, but it’s not the only one we’ve endured over the last three decades (The Texas S&L Crisis, the Dot.com bust, earthquakes, fires, tornadoes, Katrina, Harvey, and the Great Recession). So if catastrophes are a part of American life, what is the impact on the mobile home park industry and how will these events impact your investment?

The Wall Street Journal recently declared that the 4,100% rise of one Mobile Home Park REIT stock (and 2,000%+ of another) was a better return than virtually every other sector in the market. They compare the rise of trailer parks to that of high-tech. But is that a fair assessment? In this week’s Mobile Home Park Mastery podcast we’re going to discuss why mobile home parks are doing so well, and why it has nothing to do with stock market speculation.

One of the key requirements of owning mobile home parks is to provide working utilities. But in many older mom and pop parks there may be problems with old lines that have been denied proper maintenance for decades. Here are some things to think about when it comes to the issue of replacing a utility system.

Texas has been an important part of our mobile home park past. We have owned mobile home parks in Texas for over 25 years – it’s an extremely vital part of our strategy to look at every deal that comes up in Texas that meets our criteria. So do many other investor groups. So why is Texas such as great state for mobile home parks?