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Mobile Home Cash Flow – Mobile Home Park Five Star Cash Flow 30 Jun 2010 | 11:04 am
People often ask me how many stars my mobile home park has. I always tell them that I’ve got a five-star cash flow. That totally confuses them, and allows me to change the subject....
Mobile Home Park Manager – Mobile Home Park Collection Tips 30 Jun 2010 | 10:55 am
One of the most difficult and time consuming tasks of a mobile home park manager is in the collection of rents. It has been my experience that about 50 percent of your res...
Mobile Homes Investing – The Only People Who Get Rich Renting Are Tenants and Maintenance Men 30 Jun 2010 | 10:48 am
There are a lot of books out there extolling the financial benefits of buying mobile homes for purposes of renting them out. DON’T BE SUCKERED INTO THIS WITHOUT GETTING THE FULL STORY. These books g...
Mobile Home Tenants – How to Build Pride of Ownership in Your Community 30 Jun 2010 | 10:13 am
I will never forget my first drive through of one of my communities with a conduit lender. The property was about a one-star in quality, but was a cash-flow wonder. I wasn’t sure what the ban...
Mobile Home Investment – Why the Mobile Home Business Works and the Manufactured Home Business Doesn’t 30 Jun 2010 | 10:07 am
When I got in the mobile home park business, many of the sellers I bought from called the mobile homes “coaches” and “trailers”. Roger Miller even wrote a hit song with the lyrics “trailers for sale o...
Mobile Home Park Rent – How to Help Your Mobile Home Park Tenants and Keep Your Cash Flow 29 Jun 2010 | 06:55 pm
It is impossible to be a mobile home park landlord and not receive frequent requests to “help” your tenants. These requests normally revolve around payment of the rent – either to pay late or to pay a...
Mobile Home Park Management – How to Charge Late Fees in a Mobile Home Park 29 Jun 2010 | 06:44 pm
Mobile home park tenants are not rich. Most of them live from paycheck to paycheck. As a result, they frequently don’t pay their bills on time – sometimes at all. To motivate these tenants to pay thei...
Mobile Home Investing – The Perfect Storm is Building in Mobile Home Park Investing 29 Jun 2010 | 06:27 pm
Like all forms of real estate, mobile home parks have had about a decade-long run of easy financing and low cap rates. However, those good old days are over. And the result can be some of the best yie...
Mobile Home Park Sale – Beware of the Seller Financing Trap 29 Jun 2010 | 06:10 pm
There are few things more attractive about the mobile home park business than seller financing. Non-recourse seller financing allows the buyer to escape the hassle and scrutiny of bank lending, while ...
Buy Mobile Home – How to Make $100,000 a Year Cash Flow with One Mobile Home Park 29 Jun 2010 | 05:59 pm
With the national economy in free fall, and millions of jobs being cut across all industry segments, many people are trying to formulate a plan to replace their income if they get laid off...
