The City of Poway, California is taking steps to sell the 397-space Poway Royal Estates to Hometown America, which owns 129 mobile home parks in the U.S., for a price of $38.3 million. In addition to the $38.3 million, Hometown will have to make improvements, to the satisfaction of the city, totaling another $1 million. Read more »
The owners of Besaro Mobile Home Park in Freemont, California have appealed in state and federal court the blockage of their attempt to raise rents by as much as 40%. If the appeal fails, the owners’ attorney says that they will close the park. Read more »
Lake Canyada Mobile Home Park in Scott City, Iowa may have to shut down unless a solution to the county’s sewage problems can be addressed. Currently, the park’s sewage is processed by the county -but not for much longer. That’s because the county cannot afford the upgrades that are being required by the State of Iowa. Read more »
The owners of Besaro Mobile Home Park in Freemont, California have appealed in state and federal court the blockage of their attempt to raise rents by as much as 40%. If the appeal fails, the owners’ attorney says that they will close the park. Read more »
Frank Rolfe and Dave Reynolds, the #1 authorities on mobile home park investing, with over $100 million of parks under their belts, have launched a new initiative called the “Mobile Homer”. Read more »
In the Manufactured Home business we (manufacturers, community owners, retailers, lenders) have been too self-congratulatory on manufactured homes and communities. We all talk, talk, talk about what a great value our homes are – affordable, energy efficient, how well they stack up against apartments and site built homes. Same thing with the communities. There are so many benefits to community living, we say. Read more »
The City of Menifee, California has taken the unusual step of ordering the closure of Baileywick Mobile Home Park after 18 years of continuous code violations, the largest being a non-working septic system that leaves large pools of sewage on the ground, as well as an electrical system often held together with string and plastic bottles.
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mobile home park, mobile home park investing, mobile home park news | Frank Rolfe | 
May 27, 2010 12:26 pm | 
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