Mh’s and Park Manager’s - Posted by Dirk Roach
Posted by Dirk Roach on May 30, 1999 at 12:40:05:
You know reading your post I must say Bravo! You are doing what so many people don’t do when getting into Mobile Homes, and that is reconnise (i.e. Talking with Park Managers). For whatever reasons (fear, nervousness etc) so many people tend to skip this step, and waste so much time.
I am going to run down your post by the numbers and offer my advice for any of the other Mh Newbies which might be reading your post.
#1. They do both MH & lot rentals. No owners allowed. (No problem there)
You are right, in my experience this is a park to pass on for traditional Lonnie Deals. These folks carry their own paper and why would they want you to have they’re product. They are hip to the game. However on a side note, I feel that trying to do Lonnie’s in a park which allows rental’s would be a mistake. Home-buyers do not like to live next to renter’s.
#2. Any homes that transfer title, they wanted it moved out. (This was a real rundown place and I got the feeling it was a way to clear out the old MH’s)
You are correct again, sir. Sometimes parks will enact a ten year rule. There are two reasons that they do this. a.) they want to clear space, once the older homes are out they can bring in space renters with newer homes. Why 10 year limit? Because that is the limit set by traditional MH lenders (Greentree, Green Point, Associates etc) on what they will lend on. b.) Once they (the park) starts getting in all of these nice, clean, newer homes then they can begin to justify space rent increases.
#3 One MH park didn’t care. She encouraged me to roam the park and collect phone numbers of the signs posted. (Great response! Will be back!)
Again Correct!! Check back with this Park often. Bring Donuts on Monday Morning meetings. Ask this Park Manager for advice. Keep in her good graces, as this is a Lonnie Park. Also let the Park Manager know that you of course pay a finder’s fee (or reward however you want to word it) for any leads that you close on. You will make money in this park.
#4. I saved the best for last, I believed I was fed a load of bull. To make a long story short, I was told that the county I was in wanted to run mobile home industry out of the county. That the county were implementing certain steps to phase MH out. First, no new approvals for MH parks would be allowed. Second, any MH older than 1990 would have to be moved out of the county. Third, no metal-plated MH’s were allowed into said county. Fourth, there would be more taxes paid in by getting rid of parks., Blah, blah, blah…
Okay the “Know it all” Park Manager. Sometime you will come across a PM like this. I usually smile and say “thanks for the info” and then go back down the street to your #3 park. These guys n gals, have this little kingdom where they have a need to know it all etc. First of all what has probably happened is that the Park Owner has told them to enact your #1 scenario. In addition to wanting newer homes they want them wood shingled, on the sides. When this is done, the MH’s look super! And the park can justify raising rents. Wood shingle sided homes have become very popular in N. CA, as well as other areas.
As far as counties wanting to run MH’s out, I have only heard of 3 such counties (in the mid-west) passing size laws, or more commonly called eye-sore Laws. Ba