Mobile Home Park Mastery

We all know that Columbus discovered America in 1492, and that America declared independence in 1776. But do any of us know the interesting dates in mobile home park history? In this episode of the Mobile Home Park Mastery podcast series, we’re going to review these important dates and their relevance to this unique affordable housing product. While it’s unlikely that any high school will ever require knowledge of these moments in order to graduate, that doesn’t mean that smart mobile home park buyers and owners should not be fully fluid in these historic moments.

Like any other science, there are a host of terms that are of relevance to mobile home park investing. In this episode of the Mobile Home Park Mastery podcast series, we’re going to literally review these from A to Z – from “Affordable Housing” to “Sam Zell”. If you want to get a good grasp on the components of brief strategies that successful mobile home park buyer and operates utilize, then this topic should be of great interest.

Back in 1999 there were 400,000+ mobile homes sold in the U.S. with dealers making fortunes. Today, there are less than 100,000 being sold (it’s been that way since around 2000) and most of those same dealers have disappeared. In fact, you never even hear about mobile home dealers these days. Why is that and where did they go? In this episode of Mobile Home Park Mastery we’re going to discuss the rise and fall of mobile home dealers and what the future might hold for them.

“NIMBY” stands for “Not In My Back Yard” and is the attitude that has stopped new mobile home parks from being built in the U.S. for the past half century. Now the federal government is discussing the concept of promoting “YIMBY” which stands for “Yes In My Back Yard” – trying to coerce city government to allow mobile homes to be placed on lots restricted to stick-built single-family homes only. In this edition of Mobile Home Park Mastery podcast we’re going to discuss the cage fight of these two acronyms and why the victor is probably “GUMBY” which stands for “Give Up on My Back Yard”.

The Wall Street Journal recently declared that the 4,100% rise of one Mobile Home Park REIT stock (and 2,000%+ of another) was a better return than virtually every other sector in the market. They compare the rise of trailer parks to that of high-tech. But is that a fair assessment? In this week’s Mobile Home Park Mastery podcast we’re going to discuss why mobile home parks are doing so well, and why it has nothing to do with stock market speculation.

There’s an old saying that “good ranchers live poor and die rich”. But mobile home park owners get to live rich and die rich. Why the difference. In this episode of the Mobile Home Park Mastery podcast series, we’re going to discuss that second profit center of mobile home parks that few people talk about. As you’ll see, there’s actually two compelling reasons to get into mobile home parks, not just one.

Are mobile home park residents really like “Waffle House customers chained to their booths” or is there much more freedom than this quote (that was taken out of context) would imply? In this episode of the Mobile Home Park Mastery we’re reviewing just exactly what the real options all mobile home park residents have, and why the media – and certain politicians – refuse to accept this reality.

Opportunity Zones are hot right now. But the way to make money with them may be a little different than what most Americans think. In this episode of Mobile Home Park Mastery we’re going to discuss the action steps to harnessing the power of the Opportunity Zone tax program based on the bigger picture than delaying or avoiding the tax man.

All good mobile home park owners have the same core of beliefs on what their role and duties are. But there’s a whole additional list that is not what they’re all about. In this episode of the Mobile Home Park Mastery podcast series, we’re going to review the division between the sacred pledge of the smart park owner vs. items that should never be assumed to be in that list of duties. 

In 1955 a business school professor named L.E. Michelon published the first text book on mobile home parks titled “How to Build and Operate a Mobile Home Park”. Sadly, this book could not be further from the truth in how the industry operates today. In this episode of Mobile Home Park Mastery we’re going to discuss what the main differences are between 1955 concepts of construction and management vs. the modern equivalent. Come see how times have changed (and for the better).