After having reviewed hundreds of mobile home parks in due diligence, you eventually realize that many park owners tend to have three different sets of books: 1) their Profit & Loss statements 2) their tax returns and 3) what they tell you the financial performance has been. And while it's uncommon to find all of these being equal, there are some cases in which they are lightyears out of alignment. And that can be a warning sign flashing "danger ahead".
Read MoreThe October 2024 Mobile Home Park Investing Newsletter
The original layout for mobile home parks was a simple, straight street with homes placed on both sides of the lane. This is called a "shotgun" park and one of the greatest challenges to these early offerings is to make them attractive. In this Mobile Home Park Mastery podcast we’re going to review some of the best steps to increase the aesthetics of this style of property to both retain and attract residents.
Listen To Episode 364With America more polarized than ever, the uncertainty between blue and red has never felt greater. But now that the election is behind us, it’s time to get down to business—regardless of who comes out on top.
Watch The VideoIt should be the goal of every mobile home park owner to make sure that no home ever goes vacant. Part of being the caretaker of the property is to also be the catalyst to a happy resolution to any risk of a resident leaving without warning or the ability to mitigate the damage. In this Mobile Home Park Mastery podcast, we’re going to explore the reality of keeping a steady stream of rent from every lot in the park.
Listen To Episode 363In the world of mobile home parks, the role of a strong manager is paramount. While every park may have its own challenges, a skilled manager can make all the difference in tenant satisfaction and overall success. Today, we’re diving into the practices of one exceptional manager who has achieved unparalleled results. Without revealing too much, it’s clear that their approach can serve as a model for managers aiming to elevate their game.
Read MoreIn a world in which everyone has abandoned Nikon cameras for cell phones, taking good pictures has become a lost art. And the end result can be poor home sales as you try to fill your vacant lots. In this Mobile Home Park Mastery podcast we’re going to review how to take great photos and use them as an important tool to get your mobile homes sold.
Listen To Episode 362