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What I Learned on a 2,000-mile MHP Odessey

Last month, I drove about 2,000 miles looking at mobile home parks in Texas, Ohio, Kentucky, Indiana and Michigan in 10 days. Why spend all that time and money to look at mobile home parks? As mobile home park investors, we are actively looking to buy parks in...

What Makes a Great MHP Manager? Intrinsic Motivation

Mobile home park managers make a huge impact on mobile home parks. They work as administrators, customer support, maintenance men, collectors, and sometimes even as contractors. Park owners rely heavily on them. Over the years, we worked with many park managers. We...

Mobile Home Parks on Floodplain

We were looking at buying some mobile home parks in Kentucky and found out that they were in a 100 year flood plain. Kentucky has a lot of rivers and lakes, so it’s not uncommon for properties to be in a floodplain.  A 100 year floodplain literally means that...

Submetering Mobile Homes

We have recently completed submetering our park in Indiana. In this article, we discuss the detail of the project. What is Water Submetering? Submetering is process of installing water meters for individual units then billing back the tenants for their water usage....

Why We Invest in Mobile Home Parks (part 2)

In part 1, I wrote that we were attracted to mobile home parks because of profitability and stability. Howard and I, however, needed more from an investment (or any business venture). If we were going to invest significant amount of time, energy, and passion into a...