Browse: Home / 2020 / November / Mobile Home Park Investment Trends

Menu

Skip to content
Header image

MHOAILogo

Manufactured Home Owners Association of Illinois

Menu

Skip to content
  • Home
  • About MHOAI
  • Board Members
  • FAQs
    • Your Right To Sell Your Mobile Home
    • Q&A About Local Associations
    • MHOAI & Your Local Association
    • You Wanted to Know
  • Membership
  • Join MHOAI
  • Timeline
  • TROUBLESHOOTERS
  • ACLU-MHOAI Reminder
  • SB1779 1780

Mobile Home Park Investment Trends

Posted by MHOAI Staff on November 6, 2020 in Featured, In the Community | 56 Views

What you need to know about mobile home investment trends and the unique challenges of such ventures in this prolonged economic cycle.
SEP/11/2019
By Alexandra Pacurar
BEYOND PROFITS
MHCs represent nearly 10 percent of all housing units in the country, translating into approximately 8.5 million homes, according to the Manufactured Housing Institute. Despite the attractive mobile home park investment trends, these ventures come with a set of challenges. One of the most significant seems to be the operational side of things.

The lack of skilled talent, while an issue across the industry, is particularly acute in this business. “There isn’t a deep bench of experienced professionals clamoring to travel the country and asset manage a sub-portfolio of mobile home parks. This is also true at the local level, where low unemployment rates make it challenging to find decent manager, maintenance and rehab personnel,” Johnson said.

In some cases, residents run day-to-day operations. In fact, in some states, residents managed to obtain the right of first refusal in case the mobile home park sells. This is a way for them to protect themselves against abusive rent increases following changes in ownership.

“The average MHC lot rent needs to meaningfully increase to prevent well located MH communities from converting to more profitable/higher density uses. However, those rents need to grow at reasonable rates. If not, regulators will step in with counter-productive rent controls that will curtail capital investments and force operators to convert to alternative uses,” the managing partner of Evergreen Capital concluded.

Posted in Featured, In the Community | Tagged affordable housing, developers

Related Posts

ACLU-MHOAI Reminder→

SB1779 1780→

Silent Protest rent-control overdue→

Extend the Eviction Moratorium→

Featured Posts

  • TROUBLESHOOTERS

    April 14, 2021 / MHOAI Staff
  • ACLU-MHOAI Reminder

    April 11, 2021 / MHOAI Staff
  • SB1779 1780

    March 11, 2021 / MHOAI Staff
Footer logo
  • RSS Feed

1330 E. Rand Road #135
Des Plaines, IL 60016
Phone: 847-296-5762

 

Featured Posts

  • TROUBLESHOOTERS

    April 14, 2021 / MHOAI Staff
  • ACLU-MHOAI Reminder

    April 11, 2021 / MHOAI Staff
  • SB1779 1780

    March 11, 2021 / MHOAI Staff
 

Recent Posts

  • TROUBLESHOOTERS
  • ACLU-MHOAI Reminder
  • RENT CONTROL PREEMPTION ACT
  • SB1779~80 Position Paper
  • When Investment Firms Acquire Trailer Parks
  • SB1779 1780
  • Retiree benefit added Protection
  • West Peoria Rent Shock
  • Eviction Looms for Millions
  • MHOAI Board Greetings 2020
 

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
 

©2018 MHOAI

Menu

  • Home
  • About MHOAI
  • Board Members
  • FAQs
  • Membership
  • Join MHOAI
  • Timeline