Hire my expert Virtual Assistants for just $5/hour to build a comprehensive list of off-market mobile home parks across the United States…Many investors from the Mobile Home University Forum are already reaping the benefits. Don’t miss out on this opportunity to get ahead in your investments…For more details or to get started, reach out to Abhijit at hiabhijitsikdar@gmail.com. Let’s make your mobile home park investment journey a success ..read more

Welcome to the group Marcos. Lots of info here… just pick a topic and hit it into the search bar. Ton of info ..read more

All good points thank you! Yes we’d be using automated Metron or equivalent equipment integrated into Buildium for billing. In theory it’d be streamlined. Value at an 8-10 cap is an obvious payback ..read more

Hello Fellow Investors, Acquisition price is 1.2m which is a very high price. i believe there will be some flexibility on offer price and terms. They have some weird expenses you would usually not see on a P and L such as health insurance , car ins., and travel, and entertainment expenses. that money would be added to the NOI not subtracted obviously. selling 3 homes on contract, 2 of them paid off in a couple months. 39 spaces are tohs. . Lot rent is $285 w some upside there. (7 vacancies out of the 39 spaces) Town pays for the streetlights, and maintains the roads and snowplowing. Roads were ..read more

Short answer is yes-. To dig deeper for your self, How much is your time worth?Do you have park helpers to assist with this? What is the cap rate of the park? That will give you your $value from your 8k savings? Also depends on which meters- manual/automatic readings. Do you have platform that can incorporate the readings and change them into $ amounts per tenant ..read more

We are growing rapidly and our asset manager is overwhelmed. Anyone able to PM some typical pay rates for workcampers? Free lot or home rent and $??? per month. 50 lot parks with clubhouses, some mowing and general maintenance will be required. I am also not opposed to giving small ownership amounts in lieu of higher pay. Any examples for me ..read more

Exactly how I started with family and friends. Save yourself time, take your investors investement/ pref return/ divide it out to make monthly set payments that are set on autopay. My earlier splits were determined by what the investors were looking for? passive income immediately/long term larger gains. security/risk. Most people not used to investing will always pick the higher upfront returns over the longterms gains ..read more

Hi there I am new here and very excited, to join this community… I have been interested in mobile homes for a while now and have learned a lot just by reading through some of the great posts here. I am looking forward to learning even more from all of you; whether it’s about buying, managing or investing in mobile home parks. I am particularly interested in any beginner tips you might have. Also, if there are any threads or topics you recommend for a newbie like me, please let me know. Thanks for having me here. I am looking forward to contributing and learning from everyone. With Regards, Mar ..read more

Hello Fellow Investors, Acquisition price is 1.2m decently priced, may be some flexibility there too. They have some weird expenses you would usually not see on a P and L such as health insurance , car ins., and travel, and entertainment expenses. that money would be added to the NOI not subtracted obviously. selling 4 homes on contract, 40 spaces are tohs. . Lot rent is $285 w some upside there. Town pays for the streetlights, and maintains the roads and snowplowing. Roads were just recently RePaved. Tenants pay for Trash Pickup. Duke Energy owns electrical and maintains it. Guy who lives in ..read more

Trying to figure out if it is worth my time and energy to submeter water at a small park. 28 sites, total water bills of about $2,000 per quarter (5% of revenue). Sewer is flat fee per connection. We only have well water parks otherwise so would be the first time submetering. Is an $8,000/yr savings in NOI worth the added administrative work/headache? Or is it really as easy as the sales reps suggest ..read more