Thank you Carl for the comments. As I read your comments and those of others I am thoughtful that I may not be very ‘worldly’ with regard to MHPs in other parts of the country. Here in the Pacific NW mobile homes are very expensive. New single wides are well north of 60k and new park models are over 50k. Used park models are in the 40s. Moving homes is heavily regulated and also very expensive. We don’t apply or assume any value to our POHs on paper- they are merely cash flow assets. They are ‘baby chick eggs’ and require care and attention as I am replacing siding on one this week and a new hot water tank on another. We take care of them, they command solid rental numbers (750 to 850 per month) and due to high rental demand we have good renters. I try not to look at people who rent from me as ‘bottom of the barrel’.
My final thought on this pretty simple. I too have spent 40 years in park ownership- both in my dad’s parks, my uncle’s and my own. At the end of the day there are multitudes of park variations. From those 3 space grandma and grandpa ranches to the mega parks that so many senior members of this forum own. Within these parks there are also park owners and potential park owners who have POHs as part of the park portfolio. Ultimately it would be wonderful if every person on this forum owned nothing but TOH parks with great cash flow and low expenses. But that simply is not the case.
It would be nice if this park would leverage it’s knowledge and experiences not only in what could be the simplest park format but also into other formats that may require more hands on work, focus and involvement with potentially greater cash flows and ROIs.