We see 2025 as another good year for mobile home park owners for a number of reasons. And apparently, we’re not alone. In this recent article from Multi Housing News, the mobile home park industry got very positive marks in their opinion. We share these same views, which revolve around three key aspects:
Read MoreThe December 2024 Mobile Home Park Investing Newsletter
We all know that banks like mobile home parks at what they call “stabilized occupancy” – which is around 80% full – and have less affection for those properties that have not yet hit that status. When you are looking at buying a mobile home park with significant vacancy, one smart starting point is to make sure that your “vacant” lot count is reflective of what should be truly available.
Listen To Episode 372Few things create an eyesore and unnecessary expense like a dumpster that’s overflowing with debris or misused by unauthorized people. Whether it’s illegal dumping by outsiders or careless behavior from tenants, dumpster abuse can quickly escalate into significant costs and maintenance headaches. So, how can property owners effectively manage this issue? Here are four proven strategies to address and prevent dumpster misuse.
Read MoreMobile home park owners have to deal with rules and regulations like any other business and making sure you are in full compliance is essential. In this Mobile Home Park Mastery podcast we’re going to focus on what the standard regulations are and which agency is responsible for them.
Listen To Episode 371It has just been announced that Brookfield Asset, a Canadian REIT, has sold a portion of their portfolio to several buyers for around $1.6 billion. While the numbers are not specific, it appears to represent over $100,000 per lot. What's remarkable is that this has occurred despite 40-year high interest rates and the general collapse in values for office, retail, hotel and self-storage properties. Let's just review the highlights from the article.
Read MoreWhile most mobile home parks have direct access to roads and utilities, others share one or more of these with a neighboring property. In this Mobile Home Park Mastery podcast we’re going to explore the concept of shared services and how to navigate that issue correctly.
Listen To Episode 370Investing in mobile home parks often comes with the challenge of balancing functionality and appeal. While some properties may lack natural charm, introducing deliberate design elements can significantly enhance their appearance and overall impression. These additions are not only visually impactful but also practical, offering long-term benefits to both the property and its tenants.
Read MoreBaby Boomers are aging and they make up a large segment of mobile home park residents. Will mobile homes meet their needs in the years ahead? In this Mobile Home Park Mastery podcast we’re going to review if mobile homes can fit the needs of seniors and offer a great living experience for them.
Listen To Episode 369