There’s a lot that goes into owning and managing a mobile home park. You have to make sure that tenants are happy and taken care of. You have to wrestle with a thicket of regulations. You have to keep your operating budget under 40-45% of your income so you don’t start to hemorrhage money. And, you’ll have to do all that while dealing with the day-to-day issues that come from owning a piece of land lived on by a lot of people.
All of this means you might not realize why your mobile park isn’t as successful as you want—or the complicated reasons why you are losing money. You may need an audit by someone with the experience and expertise to properly evaluate everything about your property.
I’ve got over a quarter-century of experience in the field, owning more than 40 properties with over 2500 residents. Let me use my experience to help you understand your mobile park business. It can help you turn around your property—and turn a bigger profit.
People who are new to the business, have inherited a park, or come to ownership through an investment opportunity, might not understand every aspect of the field. It isn’t just “rent minus expenses.” When I audit a mobile park, I look at a number of factors, including:
I believe very firmly that when you understand why your park is losing money, or if you know why it is going to in the future if you don’t change course, you’ll be able to make the right decisions about your long-term plans. I’ve been valuing and buying mobile home parks for 25 years now, and know what mistakes people make, and what they tend to overlook—especially if they are new to the business. There’s a lot to keep track of. You may need help from a fair, expert, and unbiased source.
If you’re in need of some first-hand advice, connect with me today. My audit process is comprehensive and accurate. You may not be thinking of selling, but you do want to know what you are worth—and how to make it worth even more. Mobile home parks are my passion, and I can use my experience to help you understand everything you need to know about your investment.
If you’re interested in selling, and ready to start the process, connect with me today. I’m looking forward to working with you.