The Investing in Iowa Show

EP102 Inside the Mobile Home Park Business with Joanne Stevens


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What if the most misunderstood asset class in real estate was also one of the most stable?

Joanne Stevens brings decades of experience in mobile home parks to this episode, sharing how she's seen the industry evolve, the stigma it still fights, and why institutional investors are now taking notice.

Joanne unpacks key revenue drivers, investor trends, and the nuances of managing communities in a way that builds value without alienating residents

From lot rents to zoning battles, she breaks down what makes this niche both challenging and full of opportunity. If you've ever overlooked mobile home parks, Joanne makes a strong case for taking a second look.

🧠 Joanne Stevens' Top 5 Takeaways: • How mobile home parks offer one of the last affordable housing options in many markets. • Why institutional investors are moving into manufactured housing, and what that means for operators. • How the stigma around mobile home living impacts value and perception. • Why careful rent increases and community-focused management are key to long-term success. • How strong partnerships and deep industry knowledge can unlock overlooked value.

👤 About Joanne Stevens: Joanne Stevens is a nationally recognized expert in mobile home parks and manufactured housing. As a broker, consultant, and former community owner, she's helped clients across the U.S. maximize the value of their parks, ranging from 30 to nearly 500 home sites.

She has served in leadership roles with the Manufactured Housing Institute, the Iowa Manufactured Housing Association, and the Urban Land Institute, and has decades of hands-on experience in development, zoning, management, and sales. Joanne is a go-to advisor for owners, operators, and investors navigating the evolving world of mobile home communities.

Contact info:

Email | [email protected]

LinkedIn | https://www.linkedin.com/in/joanne-stevens-36642426/

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The Investing in Iowa ShowBy Neil Timmins