Mobile Home Park Mastery

A bad mobile home park manager is often like a cancer that can infect other organs, and you have to know where else to look when it turns out that your manager must be replaced. In this Mobile Home Park Mastery podcast...

The mobile home park industry is notorious for jargon that is either politically incorrect or meaningless. In this Mobile Home Park Mastery podcast we’re going to explore commonly used terms and what the correct...

Just because a mobile home park is under contract does not mean that you can’t still buy it – you just have to wait for the current buyer to drop the deal. And when that occurs you will have an advantage if you already...

Woody Allen has never owned a mobile home park, but his quote is as true to the affordable housing industry as it is in Hollywood. Yet many mobile home parks suffer greatly by the actions of managers who fail to show...

There are some dangerous parallels between 1999 and current times. We all know that 1999 lead to the “Dot.Com Crash” but what may be developing currently could exceed that recession. In this Mobile Home Park Mastery...

Besides founding the retail powerhouse Amazon, Jeff Bezos has recently been reflecting on some of his fundamental principles for success, of which the "Regret Minimization Model" is the most interesting. In this Mobile...

Many park owners are also their resident’s news source – at least for a couple minutes a day. In this Mobile Home Park Mastery podcast we’re going to review how to provide timely tips and content to your community on a...

Discussions abound regarding the rumored $10 billion sale of YES communities to Brookfield, a Canadian REIT. While we don’t really know all the facts at this point, there are some certainties that this deal represents...

There’s a new type of deal construction out there called the “stack”. In this Mobile Home Park Mastery podcast we’re going to explore this type of structure and identify its strengths and weaknesses. With “creative...

With every mobile home park acquisition comes a survey. And with those surveys there are often issues to address. In this Mobile Home Park Mastery podcast we’re going to review the most common survey problems and what...

Mobile home parks have the lowest default rate of any real estate sector, but when they do fail it always seems to be due to the same factors. In this Mobile Home Park Mastery podcast we’re going to explore the reasons...

Do you have good luck or bad luck? Regardless of your answer, you’re probably wrong. In this Mobile Home Park Mastery podcast we’re going to review how buyers put way too much emphasis on “luck” without truly...

There are many styles of turn-arounds, but one of the riskiest and most complex is buying a property that has extremely low occupancy. In this Mobile Home Park Mastery podcast we’re going to review the key elements to...

If you’re buying a mobile home to fill a vacant lot – new or used – there are a few things you have to double-check because if you make the wrong decision the damage can be in the tens of thousands of dollars. In this...

Most mobile home park owners are good-natured people who like to be helpful. But most park manager requests for “favors” need to be avoided at all costs. In this Mobile Home Park Mastery podcast we’re going to review...

The Trump administration is proposing to take Fannie Mae/Freddie Mac public, as well as to merge them into one entity in the process. In this Mobile Home Park Mastery podcast we’re going to review why this would be a...

If you are looking to fill vacant lots in your mobile home park with used homes, one option that is rarely mentioned is “tax sales” stemming from unpaid property tax. In this Mobile Home Park Mastery podcast we’re going...

Most Americans are only familiar with owning property with a single-family home on it. But mobile home parks are much larger and complex. In this Mobile Home Park Mastery podcast we’re going to explore the unique nature...

This podcast marks the 400th installment of the #1 Mobile Home Park discussion in the U.S. With 399 episodes under our belt we’ve covered a wide range of topics over the years, but this week we’re going to revisit our...

Most mobile home park office hours tend to be Monday through Friday from 9AM to 5 PM – which just happens to be about the worst schedule if you’re trying to sell homes. In this Mobile Home Park Mastery podcast we’re...

The successful mobile home park business model has always been simply to rent land. But sometimes the simple path is not enough for some owners, who venture out with additional ideas to boost net income. Sadly, most of...

How you fill your lots is somewhat like a game of chess, with certain pieces more important than others, and every move filled with the potential for benefit or damage. In this Mobile Home Park Mastery podcast we’re...

“Lonnie Dealers” are investors who buy and sell or buy and rent mobile homes inside mobile home parks, labeled after an early advocate of this concept named Lonnie Scruggs. And although this investment program had a lot...

Some mobile home park deals are built around filling a huge number of vacant lots, while others are built on raising rents and cutting costs and increasing occupancy is a tiny part of the turn-around program. In this...

Any time that you pay more for a mobile home park than it is currently worth, based on existing net income, you are engaged in “stretching” to rationalize paying the higher amount. But the types of “stretching” required...