Wachovia Bank has foreclosed on Homestead Mobile Home Park, in which it had a $9.8 million mortgage. Homestead Mobile Home Park is located in south Florida. Read more »
Tags: Credit, Financing, Lines of Credit, Manufactured Home Loan, mobile home park and US Recession, Mobile Home Park Bankruptcy, mobile home park business operations, mobile home park investing, mobile home park opportunity, mobile home park vacancies
Uncategorized | Frank Rolfe | 
March 5, 2010 3:46 pm | 
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What do you get when you cross two industry experts who have owned and operated over $100,000,000 of mobile home parks with two guys who really enjoy teaching? The result is the Mobile Home Park Investing Boot Camp, taught by industry veterans Frank Rolfe and Dave Reynolds. By popular demand they are holding the event in Dallas, Texas on April 30th to May 2nd. Read more »
Residents have started to return to Silver Village Park, in Silver Creek, New York, after a devastating flood washed away the entire 35 lot mobile home park.
“It’s a miracle that everyone got out” said resident Barb Amrozowicz. “The girl next door to me said “you’ve got to get out”. When I stepped down off my bottom step, it was over my knees.” Read more »
I just wanted to let everyone know about the skirting program I have found. I have been able to save about $150 per home on skirting when I purchase enough for 3-4 homes. Also, on qualifying orders free shipping is available. If you would like to get more information Click Here and simply fill out the form.
Tags: manufactured homes life, mobile home park business, mobile home park business operations, mobile home park landscaping, mobile home park rules, mobile home park tenants, mobile home parks rules, mobile home skirt, mobile home value increase, moving your mobile home
Uncategorized | Dave Reynolds | February 19, 2010 12:33 pm | Comments (0)
Just about anybody who watches late night TV, or receives email, or reads, knows that there are hundreds of people promoting concepts to make money in single family homes. “Buy foreclosures”, “profit from short sales”, “wholesale houses” – there are at least 1,000 different concepts. Unfortunately, the only people who actually make money in many of these ideas are the promoters. There are so many people chasing after single-family homes to invest in that the market is beyond saturated, and any profitability has been extinguished. Read more »
Tags: mobile home park and US Recession, mobile home park business, mobile home park business operations, mobile home park evaluation, mobile home park industry, mobile home park investing, Mobile Home Park Loans, mobile home park opportunity, mobile home park tenants, mobile home vs. rv park
Uncategorized | Frank Rolfe | February 11, 2010 5:48 pm | Comments (3)
The 2008 Olympics in Beijing offers an important lesson to the manufactured housing industry. Here you have an event where athletes have taken a certain specialty, a certain strength, and turned it into an extremely advanced skill. Some of these people you and I could beat in at least a dozen parlor games, but in their specialty, they are the tops in the world. So that begs the question: what is the specialty that the manufactured housing industry has to offer – what can it alone focus on and excel at?
In my opinion, our specialty is affordable housing. That’s what we do well, That’s our strength. We can put a customer in a detached home for less money than anyone else on earth. So why can’t we accept this specialty and run with it? Read more »
By Frank Rolfe
There is no shortage of difficult to handle tenants inside of a mobile home park. In fact, the challenge is to find nice, rational ones. Until that changes, it is important to know how to diffuse the difficult tenant to minimize stress and disruption to your business. Over time, using the following strategies, you can often “wear out” these tenants and, although they seldom become happy, they will at least leave you alone and put their focus on bothering other people.
The first thing you have to do is get into the mindset of the difficult customer. Often, they fall into two groups 1) bullies, no different than those you would encounter in school and 2) needy, lonely people Read more »
By Frank Rolfe
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 bank’s reaction would be to my down and dirty “family” community status. As we drove out of the property, I nervously asked the lender “so what do you think?” His response: “well, they seem to have a pride of ownership”. With the loan in hand, that term has grown to sum up what I feel is the most important in any community. Even a lower demographic property like mine can be redeemed and affirmed through “pride of ownership”. Read more »
