I have been in the mobile home/manufactured housing industry for over 30 years now. At 18 I started at a family owned park where my first experiences involved construction of a new park including in ground installation of sewer and water mains as well as other utilites up to complete installation of homes. Through the years they expanded and I was involved in the planning and construction of another park within their organization. About 21 years ago they decided to disband their service operation and subcontract everything out, that’s when my brother and I started our own manufactured home service business. We have been doing alright through the years but as we age we realize we can’t keep doing the things we do. We have always toyed with the idea of buying a park but have seen the “down side” of ownership. Things like having to pop for new utilities in an older park once purchased, having to deal with bad tenants, etc always scare us away.
I have read alot of this forum today and read about many of the problems we see daily. Most of those I consider small hurdles to clear. Where I am still curious is where does one start?? A small park with 10-20 sites or larger with 30-50 sites?? I don’t see much money in the small parks but am not sure jumping into a $500,000 -$750,000 park would make me comfortable at all. Together we can handle just about all facets of park maintenance, making the leap to park ownership is really tough.
A Boot Camp right now is out of the question, however I am considering the Home Study course. Will I get enough information in that to make me comfortable with jumping in with both feet?