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mobile homes Tagged Articles
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The Effect of Litigation on the Mobile Home Park Business
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| One of the biggest news stories emerging from the embattled mobile home manufacturing and sales side of the industry is the current and proposed litigation concerning formaldehyde contamination in mobile homes. As you may or may not be aware, formaldehyde is used in the creation of the products that are used to build a mobile home, such as wood products, I believe. Recently, there have been some studies that may suggest the level of formaldehyde in some homes may exceed the safe level. But my question is what the worst-case scenario might be from litigation regarding formaldehyde, as it affects mobile home park ownership and operations. |
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The Only People Getting Rich Renting Mobile Home Parks Are Tenants and Maintenance Men
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| There are a lot of books out there extolling the financial benefits of buying mobile homes for purposes of renting them out. DON'T BE SUCKERED INTO THIS WITHOUT GETTING THE FULL STORY. These books generally leave out three important problems that turn any proposed economics into bankruptcy. |
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Why Lonnie Scruggs' Mobile Home Park Deals Don't Work for Me
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| There are people out there who think they can make big money buying and selling used mobile homes. I am not one of them. And after owning about 200 homes, I think I'm pretty qualified to point out the problems with the business plan.
The first major flaw in the strategy of making money buying and selling mobile homes is that you have to sell the home for more than what you have invested in it. And what you have invested in it is more than just what you paid for it. |
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SEO Basics - Keyword Research and Analysis
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| So you've heard about SEO (search engine optimization) and have decided it is a good fit for your business model. The question now is: "Where do I begin?". The answer is simple: Keyword research. SEO practices without proper keyword research is a little like fishing without any bait. If they're really hungry you may get lucky, but odds are you won't catch anything worth keeping. |
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Other mobile homes Related Articles
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Mobile Home Tenants - Fixing Mobile Home Park Vacancy Problems
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| Most mobile home park owners today have vacancy problem , thanks to chattel mortgage crisis that began in 2000. It is not uncommon for a park that was full in 2000 to now be at 60% occupancy due to repossession of homes. If you have been waiting for the mobile home dealers to find mobile home tenants, you are probably depressed and making no progress. So here are some ideas to get you back in action at increasing occupancy. |
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How Mobile Home Parks Make More Money Than Single-Family Home Investing
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| 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. This is not the case with mobile home park investing. |
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Mobile Home Parks: How To Dispose of Ancillary Assets
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| Mobile home parks sometimes come with the strangest assets. I have wound up as the owner of everything ranging from used car lots to commercial laundries, and from apartments to single-family homes. How does this happen? Since most mobile home parks are fairly old, the original owner sometimes had additional businesses for rental properties that he owned in his heyday. And when you buy the park, you get the whole works. |
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How to Finance a Mobile Home Park: You Can Still Get Zero Down Financing
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| With single-family homes, a legitimate zero down deal is about as likely as snow and sleet in San Diego. However, with mobile home parks, they are as common as rain. Of the 25 mobile home parks I've bought, about five of them or 20% -- were zero down. |
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Mobile Home Parks - How to take Advantage of the Greatest Buying Opportunity in Decades
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| Warren Buffet once said of Berkshire Hathaway, "We only get greedy when others get fearful." That statement has never been more accurate in describing the opportunities in the mobile home park business. We are approaching a time in the industry when the owners of mobile homes for sale are fearful, and their fear is amplified by a struggling, nearly dead mobile home retail industry and a sudden reversal of fortune in lending. It appears to be the perfect storm for many owners. And that cyclical train wreck is going to lead to some really great buys if mobile home park buyers are properly prepared to take advantage of this once-in-a-lifetime buying opportunity. |
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How to Market Your Mobile Home Park
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| When I am looking to market my mobile home park whether it be to potential residents to bring their homes in or to sell homes in the park, I believe that the first contact with the potential customer is key. This first contact may be via a telephone call to your office, a drive-by by the potential resident, or in many cases could be a referral from a current resident or some other local business (chamber of commerce, dealer, broker, etc). |
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The Effect of Litigation on the Mobile Home Park Business
| |
| One of the biggest news stories emerging from the embattled mobile home manufacturing and sales side of the industry is the current and proposed litigation concerning formaldehyde contamination in mobile homes. As you may or may not be aware, formaldehyde is used in the creation of the products that are used to build a mobile home, such as wood products, I believe. Recently, there have been some studies that may suggest the level of formaldehyde in some homes may exceed the safe level. But my question is what the worst-case scenario might be from litigation regarding formaldehyde, as it affects mobile home park ownership and operations. |
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Fixing Mobile Home Park Vacancy Problems
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| Most mobile home park owners today have vacancy problem, thanks to chattel mortgage crisis that began in 2000. It is not uncommon for a park that was full in 2000 to now be at 60% occupancy due to repossession of homes. If you have been waiting for the mobile home dealers to fill you back up, you are probably depressed and making no progress. So here are some ideas to get you back in action at increasing occupancy. |
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Why Lonnie Scruggs' Mobile Home Park Deals Don't Work for Me
| |
| There are people out there who think they can make big money buying and selling used mobile homes. I am not one of them. And after owning about 200 homes, I think I'm pretty qualified to point out the problems with the business plan.
The first major flaw in the strategy of making money buying and selling mobile homes is that you have to sell the home for more than what you have invested in it. And what you have invested in it is more than just what you paid for it. |
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5 Essential Features of Your Mobile Web Site
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| Fifty million people in the United States own a smartphone. Mobile devices are definitely changing the way we view and interact with information. What do you need to consider as you design your mobile site and your mobile experience for your site visitors? Here are the 5 essential features that every mobile web site needs: |
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