Blog

St Paul Acquires Mobile Home Park in Whitehouse, TX

Jul 25, 2017

St Paul Group is pleased to announce the purchase of a 90-space mobile home park in Whitehouse, TX. This purchase is an opportunity for us to improve housing for many families in the community. Years of mismanagement had degraded the community and af...

Entity Structures for Holding Mobile Homes

Nov 15, 2016

For our latest mobile home park acquisitions, we are looking into using a separate entity for holding mobile homes. Although using a separate entity creates administrative overhead, there are reasons for doing this. Financing – In one deal, we are a...

Why We Switched our Property Management Software

Jul 7, 2016

‘What software do you use to manage your mobile home parks?’ That is a question we get often. For a long time, we have been using Rent Manager. Rent Manager provided comprehensive set of features for managing our property. We, however, thought that i...

Mobile Home Park Water Filter Installation

May 10, 2016

Groundwater or Well water is by nature potable. It is clean and safe for human consumption because the overlying soil acts as filter. Though there are many types of bacteria that can live in wells, the vast majority of them are harmless and do not ca...

Should You Sell Your Mobile Home Park? 7 Reasons to Sell

Apr 14, 2016

When the commercial real estate prices are on the rise, it’s always tempting to sell. But should you sell your mobile home park? If you’ve been on the fence, now may be the time. Here are some reasons for selling your manufactured housing community. ...

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

Dec 13, 2015

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 bu...

What Makes a Great MHP Manager? Intrinsic Motivation

Dec 3, 2015

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 pa...

Mobile Home Parks on Floodplain

Jun 30, 2015

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 m...

How to Align Your Manager’s Compensation with the Business

Dec 20, 2013

Unless you self manage your mobile home park, the onsite park manager you hire is vital to its success. A very important decision you must make is how to compensate your manager. It is very customary to pay your manager a straight salary (ie $10/mo p...

Submetering Mobile Homes

Apr 3, 2012

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 t...

What Golf Teaches Me About Life and Success

Nov 27, 2011

I first took up golf at the age of 22. Not because I thought it would be fun, but because I started a job in sales and my manager told me I needed to start playing. Wow…this really sucked; I was always into hard core athletics like martial arts, and ...

Doing Initial Due Diligence – SFR vs MHP vs Apts

Oct 2, 2011

Here’s one big reason Jae and I love mobile home parks. Jae and I just finished a 3-state, multi-day roadtrip in the Midwest checking up on our parks as well as visiting several other potential properties, including parks and single family homes. Re...

Why We Invest in Mobile Home Parks (part 2)

Aug 16, 2011

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...

Why We Invest in Mobile Home Parks (part 1)

Aug 8, 2011

Some years ago, my partner Howard and I decided to get into real estate. We started with one of those free investment seminars. Then we took more seminars. Eventually, we spent more than $40,000 on learning about real estate that year – we wanted to ...