Stanton stated “This represents a significant victory for the residents, as we were able to defeat $126.00 of the requested rent increase: i.e., a 77% portion was denied.” Continue reading
Attorney Bruce Stanton asked Deane Sargent, PMC Financial Services, to provide expert testimony about several issues in the Rent Adjustment Hearing requested by the park owner, Idle Wheel MHP LLC. Continue reading
Now is the time of year when we all pause and feel thankful for everything we have, especially our family and friends. Continue reading
It takes a lot of effort, leadership, group support, time, and expectations for MH resident groups to buy their park. There is usually a lot of stress leading up to the closing of the purchase.
And then, all at once, they close the deal and that stress is released. It’s over! We’ve done it! Continue reading
A lot of CA resident groups living in problem MH parks have viewed Eminent Domain as sort of a ‘Holy Grail’ — their vision: the local City Fathers, aware of the resident’s plight, acquire the park and transfer it to the group. Continue reading
A friend of mine described a resident park purchase as being like a supertanker heading out to sea. If you’ve never seen a supertanker, they’re huge. The largest ones are 1,200 feet long (that’s 4 football fields). Each can hold millions of barrels of oil. Continue reading
I get many of calls from resident groups seeking to purchase their mobile home park.
They all want to know what it takes to buy it, how they can go about it, what will it cost, how long will it take, and, bottom line, do I think their park could do it? Continue reading
Resident mobilehome park purchases require many elements – money, a willing seller, etc.
But one of the most important (although not often recognized) is good resident leadership. Continue reading
Many of you may remember the old story (a science class experiment maybe?) about the frog in the pot on the stove.
If you put a frog in a pot and slowly turn up the heat, the frog won’t notice and you will end up with frog legs (if you like that sort of menu item) for dinner. Continue reading
An MH industry publisher asked me to write an article on resident ownership and specifically highlight the differences in the ways group use to buy their park. Continue reading