Mobile Home Park Mastery

The slang term for signing the documents and closing on a mobile home park is often called “pulling the trigger”. It’s a major commitment and one that can create angst with many buyers who are concerned if they are making the right decision. So what are the key factors that must be aligned to feel good about making this big step? In this Mobile Home Park Mastery podcast we’re going to review the various factors that must be in thumbs up position before you should sign those closing documents. Having a system to the way you close on a property will give you a greater chance of success and reduce your stress level.

The definition of a mobile home park is “two or more mobile homes on one platted piece of property”. Of course, with just two people on one tract, that would not be too complicated, but the reality is typically 50 to 100 households or more, and that can create issues. In this Mobile Home Park Mastery podcast we’re going to review what the key problems can be and how to mitigate these issues. As you’ll see, there’s no shortage of needed discussions when you have many people happily co-existing in the absence of lot lines.

Every mobile home park must have a manager, and not all of those work out. So what are the key reasons why mobile home park managers fail and what can be done to mitigate these issues? In this Mobile Home Park Mastery podcast we’re going to review our lessons learned from hundreds of managers and how to improve your odds of success. Since firing a manager is never fun and can be costly in time and money, it’s important to do your best in hiring and managing your “eyes and ears in the field”.

If you talk to mobile home park owners about the best parts of property ownership, most will tell you that it gives them a very high-quality lifestyle. But what does that mean? In this Mobile Home Park Mastery podcast we’re going to review the top benefits of owning mobile home parks from a quality of life perspective. You’ll see that it’s not all about the money, but something much more that comes with the job.

January single-wide sales of new mobile homes are down 7.5% from last year – and park owners could care less. In this Mobile Home Park Mastery podcast we’re going to review why there is no correlation between mobile home manufacturing and mobile home park performance. While many Americans believe that mobile home retail is where the money is, that couldn’t be farther from the truth and the future of both segments could not be more divergent.

Warren Buffett has long championed the concept that all great business models share one big attribute: a “moat”. This “moat” protects that business from competition and from other damaging risks to profitability. Mobile home parks have long held the position of having one of the largest “moats” in the United States, and it just keeps getting wider and deeper, to the chagrin of many who find it “unfair”. In this Mobile Home Park Mastery podcast, we’re going to analyze why the “moat” keeps growing and why it’s the result of megatrends that nobody has the power to divert.

America is in the grips of an affordable housing shortage so large it seems impossible. But the solution is not a structural one – that’s easy – but a political one that is insurmountable. In this episode of the Mobile Home Park Mastery podcast we’re going to talk about why the government is unwilling to make the tough political choices that could solve affordable housing once and for all.

We all know the media’s idea of what the “hot” markets are in America – but what about for mobile home park owners? Our list is very different and for good reasons. In this Mobile Home Park Mastery podcast, we’re going to discuss the very real issue of what makes a market “hot” for mobile home parks as opposed to everything from travel to business start-ups. Maybe the problem is that only 44,000 of the 300 million+ people in the U.S. care what “hot” mobile home park market construction truly looks like.

We’ve been filling lots with good paying customers for over two decades, and there are some tricks of the trade we’ve learned along the way. In this Mobile Home Park Mastery podcast, we’re going to review some of the top tips we’ve found that make gaining occupancy possible at levels you may have not yet experienced. If you want to increase your park’s revenue, then this podcast may give you some new ideas.

There are around 44,000 mobile home parks in the U.S., but their placement is not uniform. Instead of a standard 880 parks in each of 50 states, the actual range varies from 5,176 in Texas to -0- in Hawaii. But what is there to be learned from this disbursement? In this Mobile Home Park Mastery podcast we’re going to review the lessons learned from studying the top and bottom ten states for park supply.