Dave Reynolds Articles

Guest post by: Dave Reynolds
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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.

Mobile Home Park Selling Tips

One question we frequently get from individuals and companies that are listing their mobile home park for sale on our site is "How much information should I include in my listing to be posted"? We have always taken the stance that you can place as little or as much information on the site and will continue to do so.

Why Buy a Mobile Home Park as Compared to Apartments and Other Types of Commercial and Investment Real Estate?

This article is an excerpt from the eBook, "Mobile Home Park Investing". This article highlights the advantages of investing in a mobile home park compared to other commercial real estate investment opportunities such as apartments.

Mobile Home Park Collection Tips

One of the most difficult and time consuming tasks of a mobile home park manager is in the collection of rents. It has been my experience that about 50 percent of your residents will never have a problem paying on time. Then about 25 percent may be late on occasion and are also not a major problem. It is the other 25 percent that will take most of your time and efforts.

Fixing Mobile Home Park Vacancy Problems

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.

The Only People Getting Rich Renting Mobile Home Parks Are Tenants and Maintenance Men

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.

How to Properly Evaluate Mobile Home Park Investments

So how do I determine what a specific mobile home park is worth? In this article I will discuss the methods I use in evaluating a mobile home park once I have found one that looks like a winner.

Finding and Evaluating Mobile Home Park Investments

Of all the questions I receive from investors that are looking to purchase a mobile home park there are two questions that are asked most often: 1) How do I find a mobile home park deal that makes sense? 2) How do I place a value on that mobile home park? These are important questions and there are several ways to find mobile home park investments and even more ways that one can approach evaluation of that investment.

Don't Hold Your Mobile Home Park Residents to a Unreasonable Standards

Most every mobile home park owner in the U.S. has a list of rules attached to their lease which is longer than the lease itself. While it's always a good idea to cover your bases and address every possible behavior concern, it's another to expect people to follow more rules than the local prison. More importantly, what's in it for the park owner?

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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About the Author: Dave Reynolds

RSS for Dave's articles - Visit Dave's website
Dave Reynolds has purchased and operated over 50 mobile home parks across the United States since 1995. He is also one of the nation's leading experts in this industry. Reynolds is sharing his expertise to anyone interested in getting involved with mobile home parks. He is the author of the Mobile Home Park Home Study Course, which contains everything you need to know in order to get started.
Click here to visit Dave's website.

More from Dave Reynolds
How to Rent a Mobile Home Park in a Tough Economy
Mobile Home Park Selling Tips
How to Properly Evaluate Mobile Home Park Investments
Dont Hold Your Mobile Home Park Residents to a Unreasonable Standards
Mobile Home Park Owners Why You Should Pay Close Attention to the Utilities

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