Helping Mobilehome Park Residents Become Park Owners
Deane – This is an article about the “Code of The West”. And I really believe in this stuff. But as I considered my writing, I realized I could do no better than the actual author, so I am reproducing most of the article below. The actual author is Holly Finn and the article was … Read more
Read and learn. And then prepare your group for buying the park them selves. Otherwise, you will be paying some one else to make HIS investment a REALLY GREAT one.
Residents might think that the sky is falling and a new owner will result in higher site rents and negative management consequences.
Resident mobile home park purchase transactions (“the Deals”) have several general characteristics:
I’m headed out on the road to California, and I always look forward to these trips because I get to do a lot of stuff that I REALLY enjoy.
In keeping with my series on “Why Resident Groups Should Continue To Try To Buy Their Park, Despite the Stuff They See In the News”, I recently got an End of Year email from a Real Estate Broker who deals in mobilehome parks that highlights the opportunity.
Resident groups trying to buy their park are often trying to guess the motives of their park owner to determine the likelihood that he will sell the park and, in fact, sell it to the group.
As I write this Blog, it’s January 11, 2013 and THERE IS a Washington resolution to the “Fiscal Cliff”.
OR MAYBE NOT, depending upon the point of view of which ‘expert’ is being interviewed and by whom.
Occasionally, I come across an article I think might be of interest to folks who read this Blog, usually with a view toward buying their park. The article below highlights why one MHP Business model is FAILING. And that might represent OPPORTUNITY for your and your neighbors who want to buy their park.
The following are excerpts from a talk given by Deane Sargent, from PMC Financial Services, at the November 20, 2012 HOA meeting. The excerpts were transcribed by Bill Schlegel (HOA President)